Google (GOOG) has agreed to acquire a 6.3% holding in a subsidiary of Taiwanese chip company...

|By:, SA News Editor

Google (GOOG) has agreed to acquire a 6.3% holding in a subsidiary of Taiwanese chip company Himax Technologies (HIMX) in order to help finance the development of display technology for head-mounted devices such as Google Glass. Google has an option to increase its stake to 14.8% within a year. Financial details weren't disclosed. Intel Capital is an existing investor in the unit. Himax shares surge 31%. (PR)