Google is putting some additional money behind its Google Glass project by buying a stake in the heads-up up display maker, Himax Display. Part of Taiwan’s Himax Technologies, the company will use the new funds to boost development for the Google Glass-style display screens.
Under the deal, Google will get a 6.3% interest in Himax Display, and will also have an option to make additional investment taking its stake up to 14.8%.
According to Himax’s President and CEO Jordan Wu, this investment from Google “further validates our commitment to developing breakthrough technologies and state-of-the-art production facilities.”
Founded in 2004, Himax Display has focused on developing commercial applications for LCOS technologies. Over the last few years, they devoted their research and development of LCOS technology for new applications of head-mounted display and other wearable computing applications.