Tag archive: Saxony

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… Read More

The factory–AMD's second in the city–will be built with financial help from Germany's federal government and the state of Saxony, and should be up and running in 2006. Dresden is already home to AMD's Fab 30 factory, which makes its Athlon chips for use in personal computers. Company president and chief executive Hector Ruiz said Thursday the plant would help the company meet an anticipated increase in demand… Read More