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Infineon ask the support of German government


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Infineon ask the support of German government


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POSTER: computer news   ||   INFINEON ASK THE SUPPORT OF GERMAN GOVERNMENT

DATE:2009-04-21

Economic crises and the memory market behavior placed the European memory producers in a complex position. Qimonda company , for example, at full speed moves to bankruptcy and freezes production in Germany and Portugal factories .  

According to German MEDIA, infineon company prepares to ask the government with the purpose of obtaining financial support. Consultants now develop the program of overcoming the crisis, which will be finished not later than July, and it is directed to Berlin. With the support of the state , infineon expects to return to the profitability's. The company intends to use its close interrelation with the German auto-building industry.  

infineon company must search to the middle of 2010 for approximately 700 ml Euros for restructuring debts. In the opinion of experts,  this will be complex.


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