Qimonda Files For Insolvency
"QIMONDA appears to be the latest statistic of the current economic crisis."
Published: 27th January 2009 | Source: Hot Hardware |
In what can only be described as a shock announcement, German DRAM manufacturer Qimonda has filed for insolvency. Qimonda was born out of split between subsidiary company Infineon Technologies (Siemens AG), and up until a few days ago were the fifth largest DRAM-vendor controlling approximately 10% of the market.
Typically, insolvency means that an individual or business are unable to repay debts, however, German insolvency law also "...offers the opportunity to accelerate the restructuring process that has already been started in order to reposition the company back onto a solid base" (Industry Week). Whether Qimonda will manage to stay afloat remains to be seen, but the forecast isn't cheery by any means.
The heavily loss-making firm, one of Europe's few remaining chipmakers, threw in the towel after being hit by the slowdown and a further worsening of the semiconductor market...
Only last month Qimonda secured a 325-million-euro (US$450 million)rescue package from the German state of Saxony, the federal government and a Portuguese development bank and Infineon. But sources said that the firm, which has been in trouble since before the global economy hit the rocks, still needed another 300 million euros to be able to continue operating. An additional 280 million euros in guarantees from the federal government and from Saxony, the eastern state where the firm is a major employer, were also contingent on its raising the funds.
The economically depressed Saxony, where Qimonda is a major employer, refused to put up another 150 million euros and talks in Berlin with Chancellor Angela Merkel's federal government also failed.
Only last month Qimonda secured a 325-million-euro (US$450 million)rescue package from the German state of Saxony, the federal government and a Portuguese development bank and Infineon. But sources said that the firm, which has been in trouble since before the global economy hit the rocks, still needed another 300 million euros to be able to continue operating. An additional 280 million euros in guarantees from the federal government and from Saxony, the eastern state where the firm is a major employer, were also contingent on its raising the funds.
The economically depressed Saxony, where Qimonda is a major employer, refused to put up another 150 million euros and talks in Berlin with Chancellor Angela Merkel's federal government also failed.
Qimonda Insolvency Press Release
Will the remaining memory vendors fill the gap made by the departure of Qimonda? Discuss in our forum
Most Recent Comments
Wow that is awesome!!!
*contemplates cancelling BFG order*
Edit: Ok, maybe not... Cheapest is £50 more than the BFG one.
*contemplates cancelling BFG order*
Edit: Ok, maybe not... Cheapest is £50 more than the BFG one.
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I think that its cause they promote OCing their graphic cards. Others would have to change their policy if they were to do this.
This was available as of late yesterday I believe.
Will be getting involved with it later, once I've reworked my water loop :D
Will be getting involved with it later, once I've reworked my water loop :D
looks pritty ace, Evga really know how to please there customers lol
Just a fyi, the app can be hacked/patched not only to allow use on non-eVGA cards but also higher max voltage.
oldforums.overclock3d.net/showthread.php?p=309498#post309498
This is going to originate a RMA fest... Mark my words.
This is excellent. Shame it's EVGA only though :(
Give it some time.
[COLOR="Blue"]Evga GVT Patch uploaded by Croimans[/COLOR]
have fun with it.
When you have Evga GVT, and you have this patch,
you are also able to adjust voltage of other NON-Evga GTX295's.
have fun with it.
When you have Evga GVT, and you have this patch,
you are also able to adjust voltage of other NON-Evga GTX295's.
CSS Valid
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Here's the link:
[URL="http://www.evga.com/forums/tm.asp?m=749117&mpage=1&key=%EF%BF%BD%EF%BF%BD"]CLICKY[/URL]