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Qimonda to stop production at Dresden as insolvency looms
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Qimonda AG has said that 300mm DRAM production at its last operational fab is to stop by the end of March, 2009 as talks continue with prospective partners passed the deadlines for starting insolvency proceedings set by the court in Munich. Qimonda now plans to wind-down production by March 31, 2009 and put the fab into ‘standby mode,’ in the hope that production can be started quickly after any deal is struck with a potential partner.
“Various investors have signalled their interest, but as yet there are no binding offers on the table. As anticipated, it will not be possible to reach a conclusive solution by the end of March,” noted Dr. Michael Jaffé, the court appointed administrator.
The company noted that it was impossible to continue production operations after March 31st due to the lack of funds and further high financial losses ensuing.
“Ramping down production, maintaining the Buried Wordline Technology and reassigning employees to the transfer company are vital prerequisites which enable us to pursue a potential solution with the aim of preserving as many jobs as possible” said Dr. Jaffé.