GoogleInc will take a 6.3 percent stake in the unit of Taiwanese chipmakerHimax Technologies Inc that develops display technology for devices
such as Google Glass, Himax said.
The
investment will help fund the production of liquid crystal on silicon
chips and modules used in head-mounted devices such as Google Glass,
head-up displays and pico-projectors, Himax said in a statement.
Google,
which reported lower-than-expected results last week, is pushing
forward with Google Glass, a product which CEO Larry Page has
described as vital to the company's future success.
The
agreement also allows Google to raise its stake in the unit, Himax
Display Inc, to 14.8 percent within a year, Himax said.
Financial
details of the deal were not disclosed.
GoogleGlass, announced in June last year, is a stamp-sized electronic
display mounted on the left side of a pair of eyeglass frames that
can record video, access messages and retrieve information from the
Web.
With
this investment, Google will join Intel's Intel Capital Corp, KhoslaVentures I LP and KPCB Holdings as a core shareholder of the
chipmaker's unit.
The
transaction is expected to close in the current quarter.
Source:
nbsnews
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