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Qimonda bailout plan in limbo
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EE Times Europe


MUNICH, Germany — The negotiations to save struggling memory chip maker Qimonda apparently have got stuck.

According to media releases, Infineon can't gather enough funds to meet the conditions of the bail-out plan. A meeting of the parties involved in Berlin yesterday (January 21) has ended without agreement, writes Dresden-based paper Saechsische Zeitung.

According to the paper, a problem in this context is that Infineon's annual report has not yet been certified by a financial auditor which would be one of the preconditions for the Saxon, the German federal and the Portuguese government as for the credits and guarantees in the triple-digit million euro range necessary to keep Qimonda afloat for the next months.

Infineon denied the statement regarding its report but was not available for further explanations. Qimonda declined to comment on the reports.



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