Germany-based chipmaker Infineon has announced that its memory chip spinoff, dubbed Qimonda, will officially launch May 1, ahead of the original schedule for the strategic move. Qimonda — conceived in response to the challenges of running two very different kinds of semiconductor businesses — will remain under Infineon’s umbrella until its Initial Public Offering, set for an undisclosed later date.
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Infineon to Spin Off Qimonda Ahead of Schedule
Posted by: Jay Lyman March 31, 2006 11:40 AMGermany-based chipmaker Infineon has announced that its memory chip spinoff, dubbed Qimonda, will officially launch May 1, ahead of the original schedule for the strategic move. Qimonda — conceived in response to the challenges of running two very different kinds of semiconductor businesses — will remain under Infineon’s umbrella until its Initial Public Offering, set for an undisclosed later date.