Qimonda Files For Insolvency

"QIMONDA appears to be the latest statistic of the current economic crisis."

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Qimonda Files For Insolvency

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.

Qimonda Insolvency Press Release

Will the remaining memory vendors fill the gap made by the departure of Qimonda? Discuss in our forum
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Most Recent Comments

22-01-2009, 19:17:37

HafMaster
Just ran accross this.

-First version of this utility will support all EVGA GTX 260, 280 and 295 cards.
-Will work ONLY on EVGA graphics cards, and ONLY for EVGA registered users.

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]

22-01-2009, 19:24:25

Bungral
Wow that is awesome!!!

*contemplates cancelling BFG order*

Edit: Ok, maybe not... Cheapest is £50 more than the BFG one.

22-01-2009, 19:27:54

AntiHeroUK
This is excellent. Shame it's EVGA only though :(

22-01-2009, 19:43:25

Freak
I think that its cause they promote OCing their graphic cards. Others would have to change their policy if they were to do this.

08-02-2009, 10:01:18

Bungral
This was available as of late yesterday I believe.

Will be getting involved with it later, once I've reworked my water loop :D

09-02-2009, 13:55:10

Ghosthud1
looks pritty ace, Evga really know how to please there customers lol

09-02-2009, 14:47:26

largon

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

09-02-2009, 20:00:57

RSC08
This is going to originate a RMA fest... Mark my words.

10-02-2009, 08:07:24

Rastalovich

This is excellent. Shame it's EVGA only though :(



Give it some time.

14-02-2009, 18:37:54

croimans
[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.
Reply
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