It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
Google to acquire stake in wearable display maker Google to acquire stake in wearable display maker
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Google to acquire stake in wearable display maker
Thread Tools
Old 24th July 2013, 06:24   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 144,370
Stefan Mileschin Freshly Registered
Default Google to acquire stake in wearable display maker

Google has agreed to purchase a 6.3-percent stake in Taiwanese microdisplay maker Himax Display.

The outfit specialises in the production of tiny LCOS chips and modules, used in pico projectors, head-up displays and wearable products such as Google Glass.

The deal should be finalised by the end of the third quarter, but the financial terms have not been disclosed yet. Google also has an option to scoop up more shares within a year of closing the deal, which means it could end up owning a 14.8-percent stake in the company.

Himax Technologies currently has an 81.5 percent stake in Himax Display, Bloomberg reports.

Himax said the purpose of the deal is to fund production upgrades, extend capacity and enhance capabilities in Himax Display’s facilities involved in the production of LCOS chips and modules.

Over the last few years the company has specialised in head-mounted displays and wearable tech, which is what Google appears to be after.

However, Google Glass is still an immature and unproven product, so we shouldn’t read much into the investment. It does not mean Google will start churning out millions of Glass-like devices any time soon.
Stefan Mileschin is online now   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
Google buys 6.3 percent stake in Google Glass display manufacturer Himax Stefan Mileschin WebNews 0 23rd July 2013 06:46
Google Glass Bulletproof app gives the wearable a lock screen Stefan Mileschin WebNews 0 2nd May 2013 06:45
UK finally gets access to Google's Map Maker editing tool Stefan Mileschin WebNews 0 11th April 2013 10:17
GlassUp wearable display hands-on Stefan Mileschin WebNews 0 7th March 2013 07:22
LCD display fitted onto wearable contact lenses Stefan Mileschin WebNews 0 6th December 2012 07:17
Lumus See-Through Wearable Display Makes You Look Like A... jmke WebNews 0 15th September 2010 22:06
Google Condemns Microsoft Proposal to Acquire Yahoo! jmke WebNews 0 5th February 2008 10:36
Google To Acquire YouTube for $1.65 Billion in Stock jmke WebNews 1 10th October 2006 07:19
Intel May Acquire Graphics Chip Maker Nvidia ? jmke WebNews 0 5th October 2006 13:23
Intel Capital to Acquire $16M Stake in Grisoft Sidney WebNews 1 7th September 2005 18:41

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 12:16.

Powered by vBulletin® - Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO