China to invest in Qimonda, reports say
March 16, 2009 //
According to media reports here, Chinese software vendor Inspur (Shandong, China) is one of the suitors for insolvent memory chip vendor Qimonda. While insolvency administrator Michael Jaffˇ declined to comment, market watchers say the company has submitted a "substantial" offer.
MUNICH, Germany According to media reports here, Chinese software vendor Inspur (Shandong, China) is one of the suitors for insolvent memory chip vendor Qimonda. While insolvency administrator Michael Jaffé declined to comment, market watchers say the company has submitted a "substantial" offer.
State-owned Inspur is interested in buying a 50 percent of Qimonda, media reports state. However, the software company would do so only under the condition that the state of Saxony as well as Portugal equally invest as shareholders into the semiconductor vendor. Qimonda's creditors also should take over 15 percent of Qimonda's shares, the Inspur model suggests. The media refer to a letter of insolvency administrator Jaffé to the Saxon state government. A spokesperson of Jaffé's office said the negotiations with potential investors are continuing but declined to provide any details.
The rationale behind Inspur's interest is that China tries to free itself from the stranglehold of the DRAM industry based in Korea, Japan and Taiwan in the first place, the media write.
Sources close to Qimonda acknowledged that there exists such an offer. While Inspur would plan to build a DRAM fab in China, Qimonda's headquarters including administration, R&D and the mainstake of its production could remain in Germany with the backend in Portugal, the insider who asked for anonymity said. "The entrepreneurial leadership as well as the technological expertise could stay in Dresden", the person acknowledged.
While the Portuguese government signalized its willingness to take over a stake in the insolvent company, the Saxon state government remained skeptical. Saxon Prime Minister Stanislaw Tillich said without a detailed business plan the topic is beyond discussion.
Past Friday (March 13), Tillich had med with European Commission President José Manuel Barroso to discuss the Qimonda case. At the meeting, Barroso said that the commission would offer an accelerated assessment and thus create a legal framework for higher state aid.
Rohm's European Design Center in growth phase
November 21, 2014
At Electronica EE Times Europe caught up with Michael Davis European R&D director at the European Design Center (EDC) of ...
Combo inertial sensor market on 19% CAGR, says Yole.
US, China pushing industrial chip market growth, says IHS
LA Auto Show: Hydrogen fuel cell drive is back
Opening up the IoT data flood gates
Polarizing filter reduces energy drain from smartphone displays
November 21, 2014
A polarizing filter has been developed by University of Utah engineers which allows in more light, leading the way for mobile ...
From warm to cool white: colour-temperature tunable LEDs
System provides high-volume solution for flexible OLED displays
Isabellenhütte diversifies channels, clientele
- Halogen-free options and increased performance for terminal blocks
- Wireless Power User Guide
- Secure is the New Smart
- 5 Best Practices for Designing Flexible Test Stations
InterviewFreescale CEO: 'IoT isn't just buzz'
Coming after the solid third quarter results that produced higher operating margins and improving cash flow, Freescale Semiconductor's CEO Gregg Lowe had every reason to be chipper and lively when EE Times ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Cherry is giving away five of its Energy Harvesting Evaluation kits, worth over 266 Euros each, for EETimes Europe's readers to win. Cherry's energy harvesting technology benefit mostly applications where a complex wire assembly and/or batteries would be inappropriate.
The required RF-energy is created by the mechanical actuation of the switch and the data is transmitted...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.
Most popular news
- Could magnesium battery innovation end lithium's dominance?
- From warm to cool white: colour-temperature tunable LEDs
- Li-Fi communication module wirelessly transfers data at 1-Gbps
- Supercapacitor innovation promises panel-powered cars in five years
- Rebranding the revolution: the future of IoT is embedded