Apparently, the Russian card hitherto did not win the trick. "According to what we have heard from Mr. Jaffé, no investor has showed substantial interest in Qimonda," a participant of the meeting said. Similarly, Chinese investors that were in talks earlier also have failed to put anything tangible onto the table. Now the insolvency administrator has asked them to substantiate their interest by end of May at latest. Otherwise, he will be forced to continue with the insolvency proceedings, he said according to the source. "Which means that liquidation becomes more and more the likely outcome."
Hoping for an investor for the entire company, the insolvency administrator so far had kept the Qimonda infrastructure together, but this strategy becomes increasingly difficult to support. Currently the fab is in stand-by mode which however requires significant financial resources.
Time is running out for Qimonda
Posted on Tuesday, May 12 2009 @ 19:32 CEST by Thomas De Maesschalck