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Infineon makes ‚?¨1 billion write-down in Qimonda

22 April 2008 | By Síle Mc Mahon | News > Fab Management

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InfineonInfineon Technologies has reclassified the assets and liabilities of Qimonda into “Assets Held for Sale” in its consolidated balance sheet in preparation for its planned disposal of its investment in Qimonda.  Under current fair value terms, Infineon has made a write-down of €1 billion. Infineon currently holds a 77.47 percent interest in Qimonda.

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