Himax to Acquire Wisepal for US$50 Million
September 01, 2006
Himax Technologies, a Taiwanese LCD chip maker, has announced plans to acquire Wisepal Technologies, another local display driver IC company, for US$50 million. Wisepal, with Compal Electronics and TPO Displays as its two current largest shareholders, will transfer its management team and 50 engineers to Himax. The transaction is projected to be completed in the fourth quarter of 2006. Himax expects to diversify its product portfolios and improve its presence in the small and medium LCD segment through the acquisition.