MUNICH, Germany Insolvent memory chip manufacturer Qimonda says it is in "concrete negotiations with numerous international interested parties". The company now hopes on financial concessions from German and Portuguese governments.
The company said in a press release that the negotiations have made progress. While not yet being close to an agreement, the company believes the negotiations are substantial enough to continue production beyond the end of March when reportedly the company's cash will be used up. A Qimonda spokesperson said the interest of the investor is focusing in the company's Buried Wordline (BWL) technology. Once implemented in mass production, BWL potentially improves the productivity significantly.
Since an international investor likely is more interested in the technology itself than in the production site, Qimonda tries to convince the interested party to maintain the production line in Dresden. "The BWL technology is connected to significant experience and engineering know how. We strive to offer a perspective to the employees who have this expertise and experience", the spokesperson said. However, the company did not rule out further restructuring moves.
Qimonda's U.S. unit files for bankruptcy