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: PlayStation gets Spotify, replacing Sony's own music service

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

Lightbulb using graphene is to go on sale this year

2 hours ago

The BBC reported on Saturday that a graphene bulb is set for shops, to go on sale this year. UK developers said their graphene bulb will be the first commercially viable consumer product using the super- ...

Solar Impulse departs Myanmar for China

12 hours ago

Solar Impulse 2 took off from Myanmar's second biggest city of Mandalay early Monday and headed for China's Chongqing, the fifth flight of a landmark journey to circumnavigate the globe powered solely by ...

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.