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 per cent 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 per cent.
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Himax Technologies now owns 81.5 per cent of Himax Display and says it will remain the subsidiary’s majority shareholder.
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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 per cent, to $6.17 in premarket trading. Google’s shares rose $2.40 to $899.
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