Google Takes Stake in Chipmaker Himax

by William White | July 22, 2013 10:06 am

Google Takes Stake in Chipmaker Himax

Google Glass 263x300 Google Takes Stake in Chipmaker Himax[1]Google (GOOG[2]) is making an investment[3] in Himax Technologies (HIMX[4]), 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[5]) Intel Capital Corp, Khosla Ventures and KPCB Holdings as a major shareholder of Himax Display, reports Reuters[6].

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.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/06/Google-Glass.jpg
  2. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  3. an investment: http://hosted.ap.org/dynamic/stories/U/US_GOOGLE_CHIPMAKER_INVESTMENT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-07-22-07-05-16
  4. HIMX: http://studio-5.financialcontent.com/investplace/quote?Symbol=HIMX
  5. INTC: http://studio-5.financialcontent.com/investplace/quote?Symbol=INTC
  6. Reuters: http://www.reuters.com/article/2013/07/22/himax-google-idUSL4N0FS25T20130722

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