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.