Google to Acquire 6.3% Stake in Himax Display Division

Himax Technologies Inc. (HIMX) announced that Google Inc. (GOOG) will acquire a 6.3 percent interest in subsidiary Himax Display Inc.

“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 chips and modules used in applications including head-mounted display such as Google Glass, head-up display and pico-projector products,” Taiwan-based Himax Technologies said in a statement today.

Google has an option to make an additional investment in preferred shares within one year of closing, to take its stake to as much as 14.8 percent, according to the statement. Himax Technologies now holds 81.5 percent.

To contact the reporter on this story: Robert Valpuesta in London at rvalpuesta@bloomberg.net

To contact the editor responsible for this story: David Risser at drisser@bloomberg.net

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