Investors are as eager as Infineon AG for it to sell its Qimonda AG memory chip division. They pushed shares of the German chipmaker up for
a second consecutive day Wednesday, after a Tuesday report in Digitimes
said Qimonda would soon be peddled to
American rival Micron Technology
Inc. After climbing 5.95% Tuesday, the shares traded slightly higher at
€6.28 amid a negative Dax index.
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German conglomerate Siemens AG spun out its chipmaking activities years ago to distance itself from that volatile market, and now Infineon is using the same logic to divest itself of Qimonda. Infineon spokesman Günter Gaugler refused to comment on the report and just repeated the company's plan to slash its 77.5% stake to a minority by next year's general meeting.
There was no discussion of a sale price, but after a series of write-downs, Infineon now has loss-making Qimonda on its books at €460 million ($666 million). - Andrew Bulkeley
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