Forget STMicroelectronics -- Himax is a Better Augmented Reality Stock

The market for augmented reality (AR) devices, which project digital objects onto real world surfaces, could generate a lot of revenue over the next few years. Tech M&A advisory firm Digi-Capital claims that the fledgling market could become an $83 billion one by 2021.

Bullish estimates like that sent many investors scrambling for AR-related investments, and chipmaker STMicroelectronics (NYSE: STM) is often mentioned as a potential AR play thanks to its production of motion sensors and computer vision chips. While STMicro is a decent investment, I think that investors looking for a more aggressive play on the AR market should consider Taiwanese chipmaker Himax Technologies (NASDAQ: HIMX) instead.

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Source: Fool.com