Google will acquire a 6.3% interest in Himax Display, a subsidiary of Taiwan-based Himax Technologies, to fund production upgrades, expand capacity and further enhance production capabilities at HDI’s facilities that produce liquid crystal on silicon chips and modules.
Himax Technologies has announced that Google will acquire a 6.3% interest in its subsidiary Himax Display Inc.
“The purpose of the investment is to fund production upgrades, expand capacity and further enhance production capabilities at HDI’s facilities that produce liquid crystal on silicon chips and modules used in applications including head-mounted display such as Google Glass, head-up display and pico-projector products,” Taiwan-based Himax Technologies said in a statement.
According to the statement, Google has an option to make an additional investment in preferred shares within one year of closing, taking its stake to as much as 14.8%. Himax Technologies now holds 81.5%.