Friday, February 13, 2009
A Chinese semiconductor vendor might be interested in insolvent DRAM manufacturer Qimonda AG. And Infineon is heading for difficult times, admitted Max Kley, Infineon's supervisory board chairman. In a rare interview with Sueddeutsche Zeitung, the man who is said to be Infineon's grey eminence also aired his assessment of the European semiconductor industry situation.
In the interview, Kley who pulled the strings in the demise of former CEO Ulrich Schumacher and Wolfgang Ziebart, said Infineon was in negotiations over the sale of its ailing DRAM subsidiary Qimonda with an "investor from a Chinese province". According to Kley, the talks lasted until January but were interrupted when Qimonda filed for insolvency. "The suitor disposes of sufficient capital and plans to establish a semiconductor fab in China," Kley said without however divulging the name of the prospective investor.
Kley added that due to Qimonda's insolvency proceedings, Infineon is no longer involved in the talks "Now insolvency administrator Michael Jaffé is doing that," he said. Indeed, the media here reported last week that after a visit in Portugal where he met representatives of the Portuguese government and other stakeholders for talks about the future of Qimonda's backend facility in Porto, Jaffé flew to Hong Kong to meet potential investors from that region.
By: DocMemory
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