Despite of the fact that Qimonda AG’s insolvency administrator promised to start liquidation of the troubled maker of dynamic random access memory if no investors is found before the 1st of June, the firm will not be liquidated Michael Jaffé said in an interview with media.
According to EE Times web-site, insolvency administrator Michael Jaffé had mentioned May 31, 2009, in the context that he tried to obtain a clear picture regarding the interest of potential investors, but “the search for an investor continues”. The spokesperson that talks on behalf of the insolvency administrator reportedly admitted that the search for the investor “is rather difficult”, however, the DRAM maker will not be sold in parts. At least, the decision has not been made yet.
Earlier Chinese and Russian investors decided not to acquire Qimonda citing the global financial recession as well as unclear prospects on the market.
In May it was reported that sources familiar with the proceedings reportedly indicated that so far serious interests has not been expressed in Qimonda as a DRAM manufacturer, but only in parts of the company, such as intellectual property or specific parts of the equipment.
At present Qimonda’s fab in Germany is in stand-by mode, however, this also costs additional money and creditors of the company are unlikely to continue waiting for an investor while the asset becomes less and less attractive.