Google Glass, Himax Technologies has received a strategic investment from Google: stake and opportunities.
This means Google will fund:
·
Production
upgrades,
·
expand capacity
·
Enhance
production facilities that produce liquid crystal on silicon ("LCOS")
chips and modules used in applications including head-mounted
display (HMD) such as Google Glass, head‐up display (HUD) and pico‐projector products.
Connectikpeople has also discovered that, under the agreement,
Himax will:
·
Invest
additional amount in HDI to fund its ongoing capacity expansion.
·
Use
a portion of the proceeds to substantially reduce its loan from Himax. The
transaction is expected to close in
Regarding Google, it will:
·
Purchase
certain amount of preferred shares in HDI.
·
Hold
a 6.3% interest in HDI.
·
has
an option to make additional investment of preferred shares at the
same price within one year from closing. ‘’If the
option is exercised in full, Google will own a total of up to 14.8% in HDI’’.
·
Google
will join the core group of HDI shareholders including KPCB Holdings, Inc.,
Khosla Ventures I, L.P. and Intel Capital Corporation.
·
Google’s
investment in HDI will not have a dilutive effect on Himax’s Nasdaq‐traded shares, HIMX.
Connectikpeople may recall that, Himax Technologies,
Inc. holds 81.5% of HDI at present and will remain the major shareholder of HDI
after the transaction.
About Himax Technologies, Inc.
Himax Technologies, Inc. (HIMX) is a fabless
semiconductor solution provider dedicated to display imaging processing
technologies.
