Qimonda Portugal with a new name

The insolvent chip manufacturer Qimonda Portugal is looking for another name and fresh money for a new start.

November 26 2009, 12:20 PM

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ComponentsThere is hope again for Qimonda Portugal. Positive signs have emerged at a new creditors’ meeting, reported local media. A total of three partners have agreed on a new strategy: the state Portugal will hold a 18% share in the new company, BCP and BES will share the remaining 82% (each holding 41%).

Qimonda Portugal is also looking for a new name - the favourite currently being Nanium. Around 770 former Qimonda employees are said to be able to return to work over the next 18 months.

Anke Schröter
Anke Schröter

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