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Why Himax Technologies (HIMX) Stock Is Surging Today

Himax Technologies (NASDAQ:HIMX) is up as Facebook (NASDAQ:FB) released the details of its virtual reality headset Oculus Rift Thursday.

Himax TechnologiesThe consumer model of the headset received its debut ahead of the Electronic Entertainment Expo (E3) next week. Himax built an LCD timing controller IC for previous developer models of Oculus Rift.

The company has not discussed whether or not it had a hand in components for the consumer model. The headset is slated to ship in the first quarter of 2016.

The price of the Oculus Rift has yet to be announced.

HIMX stock is up 7.75% Friday.

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