Infineon to cut stake in memory firm Qimonda
Qimonda has got to go it alone
Monday, 6 August 2007, 09:27
CHIP FIRM Infineon said it plans to significantly reduce its shares in Qimonda - its spun off unit which makes
DRAM chips.
Infineon filed quarterly results recently which showed Qimonda was something of a drain on its own profitability.
Now it said it will divest its shares in Qimonda below 50 per cent and hopes to do that before its shareholder meeting in 2009. µ
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