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Infineon looking for a bailout

Posted on Friday, May 29 2009 @ 01:11:54 CEST by

EE Times reports German memory maker Infineon has applied for state aid, the company reportedly wants a government guarantee worth 500 million euros.
Ailing Chip maker Infineon queues up with many companies currently asking for state aid. According to Financial Times Deutschland, the company has applied for a guarantee worth €500 million (about $693 million).

With its statement, the paper refers to sources near the company. Infineon was not available to comment.



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