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.
Infineon looking for a bailout
Posted on Friday, May 29 2009 @ 01:11 CEST by Thomas De Maesschalck