07:01 AM EST, 03/05/2025 (MT Newswires) -- Himax Technologies ( HIMX ) said Wednesday that it signed a memorandum of understanding with Tata Electronics and Powerchip Semiconductor Manufacturing to develop solutions for India's display and ultra-low power artificial intelligence sensing product and technology sector.

Under the memorandum, the companies agreed to use their respective expertise in developing display semiconductor solutions for their mutual customers, according to the statement. No financial terms were disclosed.

Shares of Himax Technologies ( HIMX ) were up 4% in recent premarket activity Wednesday.