Google Takes Stake in Chipmaker Himax
Google takes a 6.3% stake in Taiwanese chipmaker
Google (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, https://investorplace.com/2013/07/google-takes-stake-in-chipmaker-himax/.
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