Bookmark and Share


The head of the state of Saxony, Germany, once again reiterated possibilities for the government to acquire a large stake in Qimonda, a troubled maker of dynamic random access memory (DRAM), in order to keep the company’s manufacturing fab in Germany in operation and save jobs for thousands of employees.

Stanislaw Tillich, the prime minister of Saxony, said that the state government could consider a 25% stake in order to have a voice in future company decisions. Still, the majority of investment to support the company must come from a private investor, to which the state could also provide financial help, reports Associated Press.

“Saxony would do everything to ensure Qimonda's roof is waterproof, but an outside investor with a viable business plan was the most essential for Qimonda,” said Mr. Tillich.

About 3200 workers are employed by Qimonda in the area, even more jobs are indirectly created by the main semiconductor fab of the manufacturer there.

Earlier this week the government of Portugal, where Qimonda has manufacturing facilities too, said it was ready to buy 14% stake in the company provided that the government of Saxony and a foreign investor would also invest into the DRAM maker.

Earlier this year an official for the European Union said he saw no reasons in helping Qimonda, which raised questions whether the company could continue production in Europe.

Qimonda is now rampind down its production in order to cut expenses drastically. According to some estimates, the firm is losing €42 million a week.

Tags: Qimonda, Inspur, DRAM, Business


Comments currently: 0

Add your Comment

Related news

Latest News

Monday, July 28, 2014

6:02 pm | Microsoft’s Mobile Strategy Seem to Fail: Sales of Lumia and Surface Remain Low. Microsoft Still Cannot Make Windows a Popular Mobile Platform

12:11 pm | Intel Core i7-5960X “Haswell-E” De-Lidded: Twelve Cores and Alloy-Based Thermal Interface. Intel Core i7-5960X Uses “Haswell-EP” Die, Promises Good Overclocking Potential

Tuesday, July 22, 2014

10:40 pm | ARM Preps Second-Generation “Artemis” and “Maya” 64-Bit ARMv8-A Offerings. ARM Readies 64-Bit Cores for Non-Traditional Applications

7:38 pm | AMD Vows to Introduce 20nm Products Next Year. AMD’s 20nm APUs, GPUs and Embedded Chips to Arrive in 2015

4:08 am | Microsoft to Unify All Windows Operating Systems for Client PCs. One Windows OS will Power PCs, Tablets and Smartphones