Google invests in supplier parts Glass

Google invests in supplier parts Glass

Technology giant Google has invested in Taiwanese Himax Displays, which makes parts that can be used in the internet glasses Google Glass. Google is probably planning on going into mass production with the Google Glass starting as early as next year.

Investing in production capacity

The applications of the internet glasses are endless: the wearer can see where he has to go the moment he steps into his car, without having to look at the small screen of his GPS.  He will also be able to immediately get traffic reports and information about the weather and his route.

 

The input of Google should allow Himax Display to improve its products and to increase its production capacity. Google has been working with Himax Displays for a number of years, but now clearly wants to help achieve faster, bigger and (especially) cheaper production.

 

Google will acquire 6.3 percent of the shares of the Taiwanese company ,pw Next year it will be able to buy another package of 8.3 percent. Other investors of Himax Displays are Kleiner Perkins Caufield & Byers, Khosla Ventures and Intel Capital.

Questions or comments? Please feel free to contact the editors


Samsung targets record fourth quarter profit

09/01/2018

Korean technology firm Samsung has released preliminary quarterly results indicating it forecasts record profits in 2017’s fourth quarter. Nevertheless, it does not seem it can live up to analysts' expectations.

MediaMarkt's co-founder passed away

28/12/2017

Erich Kellerhals, co-founder of electronics chain MediaMarkt, has died on Christmas day, aged 78. The German laid the foundation for one of the world’s largest electronics chains in 1979.

Media Markt's parent company thrives thanks to online

19/12/2017

Media Markt and Saturn’s new parent company, CECONOMY, has performed well in its fiscal year 2016/2017. Its 1.3 % turnover increase was largely thanks to improved online sales.

Carrefour and Fnac Darty consider purchase alliance

01/12/2017

Supermarket firm Carrefour and electronics seller Fnac Darty are considering an alliance for their electronics acquisitions. The combination could lower purchase prices.

Media Saturn launches a first, fully virtual shopping world

21/11/2017

Saturn customers can use their own VR goggles to see products in two virtual environments. It is not yet possible to actually buy something in VR however.

Pieter Haas, CEO Ceconomy: "We sell the consumer a digital life"

03/11/2017

MediaMarkt’s parent company, Ceconomy, has the key to consolidate the European electronics industry even more. The retailer will sell services and solutions: “We help people make the right decisions.”

Back to top