Google has purchased a 6.3% stake in a Taiwanese chipmaker Himax Technologies, which manufactures display technology for devices like Google Glass. Google’s investment in the company will help fund the production of liquid crystal on silicon chips and modules that are used in head-mounted displays, like Google Glass.
Google also has the option to make additional investments at the same price within a year, which would increase Google’s ownership to 14.8%.
Google’s investment means that the company is going full steam ahead with Google Glass, which CEO Larry Page has said is vital to the company’s future success.
“Google is a preeminent global technology leader. We are delighted to receive this investment and to form a strategic partnership with Google,” Jordan Wu, President and CEO of Himax said. “This investment from Google further validates our commitment to developing breakthrough technologies and state-of-the-art production facilities.”
Financial details weren’t revealed, but the transaction is expected to close by the end of the year.
Image Credit: Karthik
