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Qimonda needs buyer by the end of March

Or it may have to close
| Posted: Feb 11, 2009 7:11 pm

Qimonda memory is in serious financial trouble. According to the Sydney Morning Herald, they are going to cut production and if they cannot find a buyer by the end of March they might be forced to shut down.

 

The production cuts will be roughly 75% of normal values. Qimonda filed for bankruptcy protection on January 23rd and was denied rescue money after a deal with Infineon, Saxony and Portugal fell through.

 

Qimonda has had several negative quarters that have accelerated the problems they face today.

 

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