Qimonda

Qimonda Richmond LLC, a U.S. semiconductor-making unit of Infineon Technologies AG, filed for bankruptcy protection from creditors blaming the drop in global demand for computer chips.

According to Reuters,  Qimonda North America listed assets in excess of $1 billion and liabilities in excess of $1 billion.

Qimonda filed for insolvency in January as a result of huge industry price drops and a global financing squeeze, but said it hoped to continue operations. The company is the world's fourth-biggest maker of DRAM memory chips, used mainly in PCs.

Sources and Related Links:

• Qimonda, Computer-Chip Maker, Files for Bankruptcy
• Qimonda U.S. units file for Chapter 11 bankruptcy

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