Google Acquires 6.3 Percent Stake In Taiwanese Chip Company Himax Technology Subsidiary

Posted on Jul 22 2013 - 6:40pm by Editorial Staff

Google

Google has acquired a 6.3 percent stake in a subsidiary of Taiwanese chip company Himax Technologies in order to help fund the development and expansion of display technology for head-mounted devices such as Google Glass. The deal lets Google holds a 6.3 percent stake in the company with an option to make additional investment within the next 12 months to increase to 14.8 percent. The investment clearly shows that how Google is having huge confidence in Google Glass.

“Google is a preeminent global technology leader. We are delighted to receive this investment and to form a strategic partnership with Google” stated Jordan Wu, President and Chief Executive Officer of Himax. “Beginning the second quarter of this year, we had already begun expanding capacity to meet demand for our LCOS product line. This investment from Google further validates our commitment to developing breakthrough technologies and state‐of‐the‐art production facilities. We look forward to leveraging this investment and our collective expertise with Google to create unique and transformational LCOS technologies for many years ahead.”

Photo Credit: Flickr/Paul Downey

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