06:19 AM EDT, 06/11/2024 (MT Newswires) -- Himax Technologies ( HIMX ) said Tuesday that its subsidiary, Himax Technologies Limited, is making a strategic investment in FOCI Fiber Optic Communications through the subscription of 5 million shares of its common stock in a private placement financing.

The subscription price for the FOCI shares has been set at 104.4 New Taiwan dollars per share ($3.20), for gross proceeds of NT$522 million ($16 million).

FOCI is a global silicon photonics connector manufacturer headquartered in Taiwan. The company said it will hold a 5.3% equity stake in FOCI upon completion.