Bookmark and Share


As at least one potential investor decided not to acquire a noticeable stake in troubled maker of dynamic random access memory (DRAM) Qimonda, the government of Portugal, where the company has manufacturing facilities, is ready to buy 14% stake in the company, according to a local news-paper.  

The government will help the DRAM manufacturer only if SemiChip Semiconductor from China reaffirms its interest. Problem is that the parent company of SemiChip, Inspur, does not want to.

“We are available to attend the new European company that has cooperation with the Chinese company, but on condition that the plant in Vila do Conde remains in operation.  The Government determines the participation of 14% in the new European company to produce six thousand wafers in  Vila do Conde. This means ensuring the employment of more than a thousand people," said Basilio Horta, Portuguese minister of agriculture, trade fisheries on the sidelines of the seminar called "Business Opportunities Jordan”, reports Diario di Noticias news-paper.

According Mr. Horta, Qimonda has been losing €42 million per week, which is too lot. But if SemiChip Semiconductor from China, which is a daughter company of Inspur, invests into Qimonda, then Portugal will also jump on board. However, Inspur recently said that it would not invest into Qimonda.

In the model designed by the insolvency administrator Michael Jaffé, the state of Saxony should take a stake of 23%, directly or indirectly, 14% and Portugal, also direct or indirect, on an interim basis, said the same source. Some other creditors should get 15% of Qimonda, which would keep the majority of the shares of Qimonda and production in Europe. The rest may be acquired by other investors. However, Inspur of China was interested in 50% stake, according to media reports.

Qimonda did not comment on the news-story.

Tags: Qimonda, Inspur, SemiChip, DRAM, Business


Comments currently: 0

Add your Comment

Related news

Latest News

Wednesday, November 5, 2014

10:48 pm | LG’s Unique Ultra-Wide Curved 34” Display Finally Hits the Market. LG 34UC97 Available in the U.S. and the U.K.

Wednesday, October 8, 2014

12:52 pm | Lisa Su Appointed as New CEO of Advanced Micro Devices. Rory Read Steps Down, Lisa Su Becomes New CEO of AMD

Thursday, August 28, 2014

4:22 am | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions

Wednesday, August 27, 2014

1:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs

Tuesday, August 26, 2014

10:41 am | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture