Google invests in Glass chipmaker Himax

Jul 22, 2013 by The Associated Press

Google Inc. is investing in a Taiwanese microchip maker that makes chips used in its Google Glass, the eyeglass-enabled devices it is testing that can shoot photos and video and access the Internet.

The deal with Tainan, Taiwan-based Himax Technologies Inc. gives Google a 6.3 percent stake in the Himax Display Inc. subsidiary in the form of preferred shares. An option to buy more shares could eventually raise that stake to 14.8 percent.

Himax Technologies now owns 81.5 percent of Himax Display and says it will remain the subsidiary's majority shareholder.

The deal is expected to close this quarter. The companies did not put a value on it.

U.S.-traded shares of Himax Technologies rose $1, or 19 percent, to $6.17 in premarket trading. Google's shares rose $2.40 to $899.

Explore further: Uber files complaints with EU against France, Germany, Spain

Related Stories

Bally to buy SHFL Entertainment for $1.31B

Jul 16, 2013

Bally Technologies Inc. said Tuesday that it has agreed to buy fellow gambling equipment maker SHFL entertainment Inc. for about $1.31 billion in cash.

Google chairman to sell $2.5 bn of shares

Feb 09, 2013

Google's Chairman Eric Schmidt plans to sell 3.2 million "A" shares, currently worth $2.5 billion, over the next year, Google said Friday in a filing with the Securities and Exchange Commission.

Thermo Fisher to buy Life Technologies for $13.6B (Update)

Apr 15, 2013

Thermo Fisher Scientific Inc. has offered to pay about $13.6 billion to buy genetic testing equipment maker Life Technologies in a cash deal that will create a giant company serving research and specialty diagnostics.

Recommended for you

Dailymotion should stay in European hands, France says

14 hours ago

France opposes exclusive talks between Orange and Hong Kong's PCCW group for a 49 percent stake in Dailymotion, preferring a European partner for the French video-sharing platform, the finance ministry indicated ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.