Wednesday, October 22, 2014

Himax announces Google second round investment decision

TAINAN, TAIWAN: Himax Technologies Inc., a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced that Google Inc. has decided not to exercise its previously issued purchase option to make an additional investment into Himax's subsidiary, Himax Display Inc.

Himax has been authorized by Google to make the following statement: "Google continues to work closely with Himax as a strategic partner on future technologies and products and will remain a board observer."

Subsequent to Google's first round investment in the company's HDI subsidiary in October 2013, Himax has formed a strategic partnership with Google whereby Himax is the provider of liquid crystal on silicon (LCOS) microdisplay technology that Google has recognized as the technology of choice for head-mounted displays (HMD) such as Google Glass.

Since the third quarter of 2013, HDI has been expanding capacity and further enhancing production capabilities to meet demand for our LCOS product line.

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