The company will hold a 6.3 percent interest in Himax Display, a subsidiary of Himax, once the deal has closed. July 22, 2013 5:05 AM PDT Google co-founder Sergey Brin wearing Google Glass. (Credit: James Martin/CNET) Google has decided to invest some cash in the company that has helped it bring the head-mounted display in Google Glass to the market. Himax Technologies, a Taiwan-based semiconductor maker, announced on Monday that Google will acquire 6.3 percent of its subsidiary, Himax Display. The total investment in the subsidiary was not disclosed, but Google has a vested interest in helping the company: Google Glass. "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 ("LCOS") chips and modules used in applications including head-mounted display (HMD) such as Google Glass, head-up display (HUD) and pico-projector products," the company said in a statement. Related stories Larry Page lives the future with Google Glass Glorious near miss: 'OK Glass' was almost 'Clap On' Google Glass patch fixes vulnerability through QR Code GlassUp takes on Google Glass and Google legal Groom with a view? Larry Page wears Google Glass at wedding Google Glass allows users to wear the glasses and do everything from snap photos to get directions to and from a location. Himax provides the display technology in those glasses. According to Himax, Google reserves the right to continue buying up shares in Himax Display for a period of one year. If it does so, the search giant will own, at most, 14.8 percent of Himax Display. Assuming closing conditions and regulatory approvals are met, Himax expects the Google transaction to close this quarter.
The company will hold a 6.3 percent interest in Himax Display, a subsidiary of Himax, once the deal has closed.
Google co-founder Sergey Brin wearing Google Glass.
(Credit: James Martin/CNET)
Google has decided to invest some cash in the company that has helped it bring the head-mounted display in Google Glass to the market.
Himax Technologies, a Taiwan-based semiconductor maker, announced on Monday that Google will acquire 6.3 percent of its subsidiary, Himax Display. The total investment in the subsidiary was not disclosed, but Google has a vested interest in helping the company: Google Glass.
"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 ("LCOS") chips and modules used in applications including head-mounted display (HMD) such as Google Glass, head-up display (HUD) and pico-projector products," the company said in a statement.
Related stories
- Larry Page lives the future with Google Glass
- Glorious near miss: 'OK Glass' was almost 'Clap On'
- Google Glass patch fixes vulnerability through QR Code
- GlassUp takes on Google Glass and Google legal
- Groom with a view? Larry Page wears Google Glass at wedding
Google Glass allows users to wear the glasses and do everything from snap photos to get directions to and from a location. Himax provides the display technology in those glasses.
According to Himax, Google reserves the right to continue buying up shares in Himax Display for a period of one year. If it does so, the search giant will own, at most, 14.8 percent of Himax Display.
Assuming closing conditions and regulatory approvals are met, Himax expects the Google transaction to close this quarter.
