Qimonda, a struggling manufacturer of dynamic random access memory (DRAM), is seeking investors in Russia and Taiwan. While no details are clear, according to reports, state-owned business units are interested in the Germany-based memory maker.
Insolvency administrator Michael Jaffe is reported to have said in an interview with German news-paper Sueddeutsche Zeitung that state-owned investors from Russia and Taiwan were interested in investing into Qimonda, reports Reuters news-agency. However, Mr. Jaffe did not provide names of investors as well the percentage of Qimonda they would like to acquire.
Recently Taiwanese government established Taiwan Memory Company, which could be a potential investor for Qimonda. Meanwhile, it is not clear which state-owned financial group in Russia might be interested in an investment into Qimonda.
Earlier this month the government of Portugal, where Qimonda has manufacturing facilities, said it was ready to buy 14% stake in the Qimonda. Germany is also willing to acquire 25% stake in the company. However, both countries will only invest provided that there are foreign investments.