Google to fund Taiwanese display maker to push Google Glass

Google took another step toward a commercial version of its Google Glass eyewear by acquiring a small stake in a unit of Taiwanese chipmaker Himax Technologies Inc that develops tiny displays.

Himax’s shares were up a third to US$6.86 on the Nasdaq.

Google will take a 6.3 per cent stake in Himax Display (HDI) and has an option to raise its stake to 14.8 per cent within a year, Himax said in a statement without disclosing the financial details.

Google confirmed the deal in an email to Reuters and said Himax Display had been its partner for several years.

via Business feed http://www.scmp.com/business/companies/article/1288979/google-fund-taiwanese-display-maker-push-google-glass