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Qimonda acknowledge rumor of Elpida joint venture


Friday, August 8, 2008 A Qimonda spokesperson acknowledged media reports that the company is in talks with technology partner Elpida over possible joint manufacturing activities.

Elpida recently has announced to launch a DRAM manufacturing joint venture with China's Suzhou Venture Group (SVG). The announcement says that 61 percent of the JV shares are to be held by SVG and potential third-party investors — which could be Qimonda, among others. The Qimonda spokesperson declined to comment details of the current negotiations; however, he said "Qimonda regards this [announcement] as good news."

The Elpida-SVG JV will manufacture DRAMs using the technology jointly developed with Qimonda. "Yes, there is a connection", the Qimonda spokesperson said, adding that the German company is in continuing talks on R&D as well as on production topics.

By: DocMemory
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