Himax Technologies Tumbles; Google Won't Boost Stake

Himax Technologies Inc. (NASDAQ: HIMX) shares fell sharply after the company disclosed Tuesday that it won't receive further investments from Google Inc. (NASDAQ: GOOGL).

Himax, a Taiwan supplier of display technology, said it will continue to work with Google on future products.

Himax makes liquid crystal on silicon display material that Google has "recognized as the technology of choice" for the Google Glass wearable computer, Himax said.

In July 2013 that Google acquired a 6.3 percent stake in Himax's display Inc. unit, along with an option to boost that to 14.8 percent.

Himax Technologies owned 81 percent of the display unit following Google's initial investment.

Himax said that it the past year, it boosted production capabilities to meet demand for the technology.