Investor Ends Talks About Qimonda Stake Purchase

Inspur Cancels Negotiations Over Investment into Qimonda

by Anton Shilov
03/17/2009 | 01:41 PM

At least one potential investor said that it was no longer interested in acquiring a large stake in troubled maker of dynamic random access memory (DRAM) Qimonda. The news emerges as the company is getting ready to halt production completely.

 

Inspur International, a Hong-Kong, China-based computer and information technology company, said it was not interested in acquiring a 50% stake in Qimonda AG, reports Bloomberg news-agency. The first reports about a company based in Chinese province interested in taking over Qimonda emerge in early February when Infineon’s supervisory board chairman said about a possible transaction in an interview without naming potential investor.

Inspur Group, the parent of Inspur International, ended talks to buy a stake in Qimonda. Negotiations ended after Qimonda’s insolvency filing,” said Liu Xueheng, a spokesman for Inspur, in a phone interview.

If no investor is found before the 1st of April, Qimonda AG will be liquidated.