Why Himax Technologies Stock Soared Today

Shares of Himax Technologies (NASDAQ: HIMX) have soared today, up by 28% as of 2:10 p.m. EDT, after the company announced a new offering that supports an artificial intelligence (AI) framework created by Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google. Himax had said in February that it was collaborating with Google.

Himax is launching WiseEye WE-I Plus HX6537-A, a new processor that will support Google's TensorFlow Lite for Microcontrollers. Introduced last year as a new variation of TensorFlow, TensorFlow Lite is a framework that allows developers to implement deep learning and AI on low-power mobile and embedded devices. The WiseEye offering includes a processor and an always-on sensor (AOS sensor).

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Source Fool.com