Today, Himax Technologies Inc announced that it signed an agreement with Google Inc. Google agreed to invest in Himax Display Inc, Himax Tech's subsidiary.

Himax Technologies, Inc. was the maker and provider of advanced display drivers and some semiconductor merchandises. Google's investment would finance the production upgrade, expand the company's capacity and improve the production capabilities of the facilities used by HDI. HDI specialized in making liquid crystal on silicon chips and modules. This included head-mounted display like Google Glass, head-up display and pico-projector merchandises.

"Google is a preeminent global technology leader. We are delighted to receive this investment and to form a strategic partnership with Google," President and Chief Executive Officer of Himax, Jordan Wu, said. "This investment from Google further validates our commitment to developing breakthrough technologies and state-of-the-art production facilities. We look forward to leveraging this investment and our collective expertise with Google to create unique and transformational LCOS technologies for many years ahead."

Google would hold 6.3% interest in HDI. It would also have the choice to make supplementary investments in a year from the deal's completion. Google's impact on the Taiwanese chipmaker was believed to be very strong after its stocks boosted 34% today. This would force analysts to raise their growth approximation on the Taiwanese corporation.