Google will hold a 6.3 percent interest of the liquid crystal on silicon chip manufacturer
Today an agreement was signed with Google by Himax Technologies for an investment agreement that will result in Google holding a 6.3 percent interest in the company's subsidiary, Himax Display Inc. (HDI). HDI is the current supplier of the LCOS (liquid crystal on silicon) chips and modules that are used in Google Glass.
Google's investment in supplier HDI will "fund production upgrades, expand capacity and further enhance production capabilities." It seems Google is being proactive about potential manufacturer bottlenecking issues that have plagued other companies in the recent past.
There is an option in the agreement for further investment by Google, which will allow additional purchases of stock -- at the same price -- to give Google up to a 14.8% interest of HDI. Expect much more news as Google Glass gets closer to consumer hands (or heads).
Source: GlobeNewswire; Via: Engadget;
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Source: http://feedproxy.google.com/~r/androidcentral/~3/GpY97NWeUBg/story01.htm
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