Google Takes Stake in Chipmaker Himax

Google takes a 6.3% stake in Taiwanese chipmaker

   

Google Glass 263x300 Google Takes Stake in Chipmaker HimaxGoogle (GOOG) is making an investment in Himax Technologies (HIMX), the company that creates chips for its Google Glass.

Google will have a 6.3% stake in Taiwanese chipmaker Himax Technologies’ Himax Display by the end of this quarter. The deal will also allow Google to increase its stake in the company to 14.8% within a year, reports the Associated Press.

Himax Technologies currently owns 81.5% of Himax Display and says that it will remain the major shareholder of the subsidiary, reports the Associated Press.

This investment adds Google to a list of companies including Intel’s (INTC) Intel Capital Corp, Khosla Ventures and KPCB Holdings as a major shareholder of Himax Display, reports Reuters.

GOOG shares are up 1% as of Monday morning. HIMX shares are up 33.64% as of Monday morning, continuing a 330% year-to-date increase.


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/google-takes-stake-in-chipmaker-himax/.

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