If the name “Himax” prompted you to shrug, then you’re not alone, but it’s the latest company to receive a cash injection from Eric Schmidt’s checking account. The Taiwanese semiconductor firm is selling Google a 6.3 percent stake in Himax Display Technologies, a subsidiary that’s most famous for making the liquid-crystal on silicon chips used to drive Google Glass’ head-mounted display. The cash will be used to expand capacity at the manufacturer, which already counts Intel as an investor — and if Google likes what it sees, the search giant has an option to buy a further 8.5 percent worth of stock within the next calendar year. It’s probably too early to hope that the project will help bring the price of future Glass headsets down, but we’re going to, so there.
Filed under: Wearables, Google
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Via: Reuters