Qimonda to shut down by year-end

Posted on Wednesday, Aug 05 2009 @ 20:08 CEST by Thomas De Maesschalck
X-bit Labs reports bankrupt memory maker Qimonda will be shut down by late 2009 as no investor was willing to take over the larger part of the company's operations in Europe.
It was first semiconductor division of Siemens AG, which manufactured and developed various chips and dynamic random access memory (DRAM), that got spun off to form Infineon AG in 1999. In 2006, Infineon itself spun off its memory business into separate legal entity called Qimonda AG. By late 2009, a decade after Siemens got rid of its chip business, the DRAM maker will be shut down forever, various media reports claim.

Various media reports claim that insolvency administrator Michael Jaffé as well as worker’s council agreed to switch the DRAM factory in Dresden, Germany, forever by the end of the year and sell off the remaining equipment in pieces. At present there are only two hundred employees working to maintain the fabrication tools and about one hundred will be laid off because of the decision.


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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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