Himax: Google Decides Not to Make Additional Investment in Display Unit

   By Josh Beckerman 
 

Himax Technologies Inc. (HIMX) said Google Inc. (GOOG) decided not to increase its stake in the company's Himax Display Inc. unit, which provides liquid-crystal-on-silicon technology for Google Glass.

Last year, Google bought a 6.3% interest in HDI, and had the option to increase its stake to 14.8%.

Taiwan-based Himax Technologies said HDI remains a strategic partner on Google Glass, and that "Google continues to work closely with Himax as a strategic partner on future technologies and products and will remain a board observer."

At the time of the 2013 announcement, Himax Technologies owned 81.5% of HDI.

On Sept. 2, Himax said HDI formed a partnership with Optinvent SA to develop "augmented reality glasses."

Himax ADRs recently traded down 15.5% to $6.78 after hours.

Himax Technologies products include display driver integrated circuits, timing controllers and controllers for touch sensor displays.

Write to Josh Beckerman at [e-mail]

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