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Electronic information

Qimonda bailout loans were 325 million euros

In Electronic Infomation Category: R | on November   1, 2010

ENet FRANCISCO

It is reported that the German chip maker Qimonda announced that access to 325 million euros loan. The money from the state government of Saxony, Germany, Qimondas parent company, Infineon and LT1932ES6 datasheet and Portugal combined to provide a state-owned banks.

Infineon will provide 75 million euros, the Portuguese state-owned banks will provide 100 million euros, while the Saxony state government will provide 150 million euros. Through this loan, Qimonda will be able to continue operating the factory in Dresden, Germany, and LT1932ES6 price and Porto in Portugal to establish R & D center. Dresden plant employs a total of 3,200 employees, is one of the largest Saxony.

By the economic crisis and LT1932ES6 suppliers and the impact of falling demand, Qimonda chip prices have fallen sharply. Earlier this month, Qimonda said that if could not find new investors, the first quarter of 2009, Qimonda put cash flow drying up and may go bankrupt. Qimonda

other competitors also suffered falling profits as the economic crisis and the serious impact.

Europes biggest chip maker STMicroelectronics said last month that fourth-quarter revenue and gross profit would not meet the original expectations. Worlds second largest silicon wafer maker said the global economic downturn in Japan caused Sumco sharp drop in orders, third-quarter profit fell 78% year on year.

Qimonda plans to use part of the loan Dresden plant transformation, transformation of the plant for the production of "Buried Wordline" chip. "Buried Wordline" technology enables a smaller chip size and power savings.

Qimonda also want the German government and the Saxony state government 280 million euros in loan guarantees, but it needs to wait for the German government and European Union regulatory approval.

Saxony state government is expected to be on Tuesday of 1.5 billion euros allocated to Qimonda. Infineon Saxony state government hopes to provide the same amount can help, but Infineon said there could not provide so much money. Qimonda, Infineon currently holds 77.5% of the shares.

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