Russian Government to Consider Investment into Qimonda – Reports

Qimonda May Get Investments from Russia

by Anton Shilov
04/23/2009 | 11:30 PM

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.