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Infineon to sell DRAM unit to Micron, Nanya

Posted: 15 Nov 2005 ?? ?Print Version ?Bookmark and Share

Keywords:infineon? dram? nanya? micron? taiwan?

Germanys Infineon Technologies AG plans to sell its troubled DRAM unit to U.S. rival Micron Technology Inc. and Taiwan joint venture partner Nanya Technology Corp., according to a report from Reuters on Monday (Nov. 14).

The report, which cites U.S. investment banking firm Needham & Co., claims Micron would buy Infineon's U.S. memory assets. Nanya would buy its non-U.S. memory assets, including Infineon's fab in Dresden, according to the report.

Infineon and Nanya's DRAM joint venture, Inotera, has recently filed an initial public offering in Taiwan to raise funds for a second plant. That plant is a 300-mm fab.

Rumors have been circulating for months that Infineon would exit the DRAM business by selling the unit.

As recently as last winter, Infineon North America executives said the chip maker's strategy was to invest in new capacity during a downturn. At the time, the chip maker was ramping up production at a new 300-mm fab near Richmond, Va.

Neither Infineon nor Micron was commenting on the report.

Infineon did announce the sale of the remainder of its fiber optics business to automotive components supplier Siemens VDO, including its manufacturing facility in Trutnov, Czech Republic

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