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Elpida says no Qimonda investment plans

Posted: 03 Sep 2008     Print Version  Bookmark and Share

Keywords:DRAM  chip company  Qimonda  Elpida 

Japanese DRAM maker Elpida Memory Inc. said it has no plans to invest in struggling German chip company Qimonda AG, according to a Reuters report.

There has been speculation that Infineon Technologies AG, which owns the major portion of Qimonda's stock, was seeking a deal with a DRAM company. According to Reuters, Infineon's share price spiked on Thursday on the rumour that Elpida could agree to pay between Rs.4,714.43 crore ($1.1 billion) and Rs.5,571.60 crore ($1.3 billion) for Qimonda.

"Given the current market conditions, we have no plan at all to invest in Qimonda," Reuters quoted Elpida as saying in a statement distributed on Friday (Aug. 29).

- Peter Clarke
EE Times Europe

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