Infineon to spin off memory unit in May

Mar 31, 2006

Infineon Technologies will complete the spinoff of its memory-products unit ahead of schedule later this spring.

Infineon said the new Munich, Germany-based company called Qimonda would commence operations May 1, two months earlier than originally planned.

"Through the strategic realignment, Infineon is significantly strengthening its competitive position," said Infineon Chief Executive Officer Wolfgang Ziebart. "Both forceful players will operate in their own markets as industry leaders."

Qimonda will hit the ground running as one of the leading DRAM (Dynamic Random Access Memory) product companies in the world with five 300 mm semiconductor wafer manufacturing sites around the world. The new company will be diversifying into the consumer products, graphics and mobile-communications sectors as well as transitioning to the 75 nanometer technology mode.

The new company will operate as a unit of Infineon until an initial public offering at a date to be determined.

Copyright 2006 by United Press International

Explore further: Former federal agent pleads guilty to stealing bitcoins

Related Stories

'Hello car, what is the password?'

Mar 01, 2013

As cars get clever - bristling with computer chips and networking capabilities - an EU-funded project makes sure that your car's data stays safe and the networks are secure from hackers and tampering.

EU fines Samsung, nine other chip makers over cartel

May 19, 2010

The EU Commission fined the world's biggest memory chip makers, including Samsung, Infineon and Toshiba, a total of 331 million euros (403 million dollars) on Wednesday for operating a cartel.

Recommended for you

Former federal agent pleads guilty to stealing bitcoins

6 hours ago

A former undercover federal agent pleaded guilty to extortion and related charges after acknowledging he channeled more than $700,000 in digital currency from the Silk Road online drug bazaar he was investigating.

Hewlett-Packard moves forward with plan to split in two

6 hours ago

Hewlett-Packard is moving forward with plans to split into two companies, filing paperwork to create a new entity that will sell commercial technology, while a separate spinoff will sell personal computers and printers.

EU open source software project receives green light

14 hours ago

An open source software project involving the University of Southampton to extend the capacity of computational mathematics and interactive computing environments has received over seven million euros in EU funding.

Can computers be creative?

16 hours ago

The EU-funded 'What-if Machine' (WHIM) project not only generates fictional storylines but also judges their potential usefulness and appeal. It represents a major advance in the field of computational creativity.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.