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Electronics Production | April 04, 2008

Infineon may have landed a $1Bn contract

German chip-maker Infineon may have secured a $1 billion contact from Asia for its subsidiary Qimonda.
Press reports claimed on Wednesday that Taiwanese semiconductor company Nanya wants to acquire Qimonda's 35.4% stake in Inotera.

"This potential cash inflow from Qimonda would reduce the likelihood that Infineon has to help out until February 2009," said Unicredit analyst Gunther Hollfelder in a report in Forbes.

Infineon wants to reduce its stake in Qimonda to 50% (from 77.5%) by 2009. "I can confirm we are in talks with Nanya," said a Qimonda spokesman, although not commenting further.
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