<< Read Full Article
<< Read Full Article
Chipmaker Qimonda Files for Bankruptcy
FRANKFURT -- German memory-chip maker Qimonda(QI Quote) declared bankruptcy Friday, just a month after receiving a rescue package of millions of euros in loans.
The administrative court in Munich, Qimonda's base, confirmed media reports that the company had declared bankruptcy, but could provide no further details.
Qimonda refused immediate comment.
The company in December secured a rescue package of 325 million euros ($421.98 million) in loans from the government of Saxony, parent company Infineon(IFX Quote) and a Portuguese state bank in order to try and stave off bankruptcy. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,441.12 | 1,109.18 | 2,206.91 | 35.96 |
Oil *
73.55
|
|
DOWN
10.88
|
UP
1.25
|
UP
5.86
|
DOWN
0.07
|
10 Yr
3.60%
SPDR Gold
111.59
|
|
-0.10%
|
+0.11%
|
+0.27%
|
-0.19%
|
Data delayed 20 minutes |
Connect with TheStreet