Himax To Invest In FOCI's Private Placement; Merging Leading CPO Tech With Advanced Nano-Scale WLO For MCM Integration
Portfolio Pulse from Benzinga Newsdesk
Himax Technologies, Inc. (NASDAQ:HIMX) will invest in FOCI Fiber Optic Communications, Inc. through a private placement, acquiring a 5.3% equity stake. The investment aims to merge leading CPO technology with advanced nano-scale WLO for MCM integration.
June 11, 2024 | 7:47 am
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Himax Technologies is investing in FOCI Fiber Optic Communications through a private placement, acquiring a 5.3% equity stake. This strategic investment aims to enhance their technological capabilities by merging leading CPO technology with advanced nano-scale WLO for MCM integration.
The investment by Himax in FOCI is a strategic move to enhance its technological capabilities, which is likely to be viewed positively by investors. The acquisition of a 5.3% stake indicates a significant commitment and potential for future growth.
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