Micron to acquire Qimonda?

Posted on Tuesday, Aug 26 2008 @ 00:01 CEST by Thomas De Maesschalck
Wall Street Journal reports Micron is in talks with Infineon to take over memory maker Qimonda:
Micron has been in discussions to buy all or part of Infineon’s 77.5% stake in the publicly traded memory-chip maker, people familiar with the matter say. It is unclear, however, whether Micron will follow through with the purchase, with two of these people indicating talks have hit a rough patch as the memory-chip market continues to struggle amid brutal competition. (Micron has been rumored to have an interest in Qimonda’s stake in the Inotera Memories venture with Taiwan’s Nanya Technology, but it appears talks recently have centered on Qimonda itself.)

Representatives for Infineon, Europe’s No. 2 chipmaker after STMicroelectronics, declined to comment, as did officials for Qimonda and Micron, of Boise, Idaho. Infineon has said it would like to sell all or part of its Qimonda stake by early next year.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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