DRAM menufacturer Qimonda has filed for bankrupcty protection in a local court in Munich, Germany, after a bailout financing deal between Qimonda’s parent company, Infineon, a Portuguese investment firm, and the German state of Saxony failed to come through. Qimonda is the first DRAM manufacturer forced to seek bankruptcy protection in the recent global economic downturn; the company has also been hit hard by a worldwide glut in memory products that kept prices for RAM near (or even below) the costs of manufacturing DRAM for most of 2008.
