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After numerous failed attempts, troubled memory maker Qimonda, which faces liquidation, seems to have found a potential investment. The office of Saxony, Germany, prime minister this week issued report that the Russian Federation’s government agreed to consider investment into Qimonda.

A spokesperson for Stanislaw Tillich, prime minister of Saxony, said that the Russian prime minister Vladimir Putin ordered Viktor Khristenko, minister of industry and trade, to consider potential investments into Qimonda after meeting Mr. Tillich in Moscow, Russia, early this week.

In early April Russia-based semiconductor manufacturers Angstrem, Sitronics and AFK Sistema, denied any interest in the troubled memory maker, which is quite understandable as those manufacturers are focused on creation of custom semiconductors for various local projects, not mass production of dynamic random access memory.

Qimonda expressed self-restrained optimism in regards of potential investments from Russia.

Tags: Qimonda, Business, DRAM

Discussion

Comments currently: 2
Discussion started: 04/26/09 10:54:40 AM
Latest comment: 04/27/09 03:29:40 AM

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1. 
Excellent news.It's about time for Russia to step up and start producing some great tech products...
0 0 [Posted by: Vlad  | Date: 04/26/09 10:54:40 AM]
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2. 
What does this mean for Qimonda and it present shareholders ?

Is it going to be a brand new Russian company or is Russia planning to just invest in what is present Qimonda ?
0 0 [Posted by: sanity  | Date: 04/27/09 03:29:40 AM]
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