Google Invests In Taiwanese ‘Glass’ Chip Maker
MOUNTAIN VIEW (CBS SF) — Google Inc. has invested in a Taiwanese microchip maker that makes chips used in its Google Glass, the eyeglass-enabled devices it was 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 said it will remain the subsidiary’s majority shareholder.
The deal was 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.
(Copyright 2013 by CBS San Francisco. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)