Tech content trusted by users in North America and around the world
5,676 Reviews & Articles | 36,072 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Qimonda to close US plant

Looking for Investors to keep afloat

| Posted: Feb 4, 2009 8:51 pm

German memory manufacturer Qimonda is having a rough time. Qimonda which is a spinoff of Infineon has been having financial problems for some time and has just announced that it will be closing down it Richmond, Virginia factory.


This move will also put about 1,500 people out of work at a time when there are few jobs to be found in the US. Qimonda does not have much choice though as they have been refused aid from the EU.


Right now Qimonda is looking for investors to help keep themselves afloat. If they are unable to find help Qimonda, which is has already filed for bankruptcy will end up being liquidated.

Read more

Related Tags

Further Reading: Read and find more news at our news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below