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Google to invest in Himax Display
2013-07-22 16:26:00| Telecompaper Headlines
(Telecompaper) Supplier and manufacturer of semiconductor products Himax Technologies announced it has entered into an agreement for Google to invest in the company's subsidiary Himax Display. The purpose of the investment is to fund production upgrades, expand capacity and further enhance production capabilities at HDI's facilities that produce liquid crystal on silicon (LCOS) chips and modules used in applications including head-mounted displays (HMD) such as Google Glass, head-up displays (HUD) and pico-projector products. Under the agreement, Himax will also invest an additional amount in HDI to fund its ongoing capacity expansion. HDI will also use a portion of the proceeds to substantially reduce its loan from Himax. The transaction is expected to close in the third quarter, subject to regulatory approvals and other closing conditions.
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Category:Telecommunications