Google has purchased a 6.3 percent stake in Himax, the company is responsible for manufacturing Google Glass for Google, and the cash injection will be used to expand capacity at the company.
Other investors in Himax include the likes of Intel, and Google also has a further option to acquire a further 8.5 percent stake in Himax at a later date.
“Google is a preeminent global technology leader. We are delighted to receive this investment and to form a strategic partnership with Google,” stated Jordan Wu, President and Chief Executive Officer of Himax. “Beginning the second quarter of this year, we had already begun expanding capacity to meet demand for our LCOS product line. This investment from Google further validates our commitment to developing breakthrough technologies and state-of-the-art production facilities. We look forward to leveraging this investment and our collective expertise with Google to create unique and transformational LCOS technologies for many years ahead.”
It will be interesting to see what happens with the two companies, Google are investing heavily in Google Glass and are obviously hoping that it is going to become popular.
Filed Under: Android News, Technology News, Top News