Despite of the fact that Qimonda proclaimed itself bankrupt, the company is still fulfilling its orders and does its best to sustain manufacturing in order to keep its clients with itself during the hardest times, the company said.
The preliminary financing of the insolvency fund has already been set in motion, according to a statement of Qimonda. Production continues at all Qimonda locations for the time being, the company claimed.
“It is not ‘business as usual’, but we [will] do everything possible to maintain production and fulfill supply contracts,” a company spokesperson said in an interview with EETimes web-site.
The representative for the troubled maker of dynamic random access memory (DRAM) also said that he was unaware of any supply bottlenecks caused by business partners nervous about not being paid, including Qimonda’s own back-end facilities.
According to Qimonda, all the employees at the Munich and Dresden locations were informed about the current state of affairs by the preliminary insolvency administrator in works meetings on Monday and Tuesday. Talks are to be held at the production site in Porto and in Lisbon at the beginning of February.
Qimonda AG dynamic random access memory maker from Germany on Friday filed an application with the local court in Munich today to open insolvency proceedings. Their goal is to reorganize the companies as part of the ongoing restructuring program. The court has appointed a preliminary insolvency administrator.