Infineon may have landed a $1Bn contract

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.