Struggling German chip group Infineon Technologies is selling its wireline communications operation to an affiliate of US private equity firm Golden Gate Capital for 250 million euro (about US$350 million).

After not finding an investor eager to acquire the whole company, Qimonda has appointed several companies to sell 300mm production equipment from the firm's manufacturing facilities in Germany and the US.

German Chancellor Angela Merkel has said that politicians needed to consider whether to aid struggling chipmaker Qimonda and its peers in Germany.

Germany-based concentrated photovoltaics (CPV) pioneer Concentrix Solar says that its plant in southern Spain is now consistently delivering the record power efficiency first achieved a year ago.

There is no such thing as a final deadline for the Qimonda negotiations, the company's insolvency administrator clarifies. The search for an investor continues.

Infineon Technologies AG Thursday posted a narrower net loss in the fiscal second quarter but remained downbeat in its full-year outlook as the economic downturn continues to slam demand for consumer-electronic goods.

The idea that Russia might save Qimonda to any great effect in the global chip industry is, I am afraid, ridiculous. And that's with or without the involvement of Russian prime minister Vladimir Putin in the discussions. But that does not mean an attempt will not be made.

Qimonda North America has appointed advisors for the sale of its semiconductor manufacturing assets in Sandston, Virginia, subject to bankruptcy court approval.

German chipmaker Infineon is in negotiations with the government over state guarantees worth several hundred million euros (dollars), the Welt am Sonntag paper reported Sunday.

With Siltronic's aging Portland factory weathering one of the steepest downturns in its history, the German silicon wafer manufacturer is raising the prospect of renewal to city officials.

The German state of Saxony isn't ruling out taking up an indirect stake in bankrupt computer chipmaker Qimonda AG anymore, the state's governor said Thursday.

An estimated 2,000 people attended the job expo hosted by the Richmond Times-Dispatch at its Hanover County production plant. The event was held from 9am to 1pm. Many described a job market that is becoming more competitive as the economic recession continues.

Qimonda's works council urged German Chancellor Angela Merkel to help save the insolvent memory chipmaker. "Act now, dear Mrs Chancellor, so that technological dominance in semiconductors in Germany and Europe will not be lost."

For the troubled memory maker Qimonda things may get even tougher as the company is facing a class-action lawsuit from the former employees of its plant based in Richmond, Virginia.

Germany's economy shrank by 2.1% in the fourth quarter of 2008 compared to the previous quarter, its worst quarterly performance since 1990. This was the third consecutive quarterly drop in Europe's biggest economy, according to the initial data from the Federal Statistics Office.

Infineon Technologies AG CEO Peter Bauer said he will take a 20% pay cut in 2009 as Europe's second-largest maker of semiconductors faces a "difficult year" filled with "many tough challenges."

German chipmaker Infineon Technologies AG reported Friday a ？404 million ($513 million) net loss for its fiscal first quarter as the global economic slowdown crimped demand and caused sales to fall.

Qimonda will shut its only U.S. plant with the loss of around 1,500 jobs, the insolvent German memory chip maker said on Tuesday, adding it faced liquidation if it cannot find investors with deep pockets.

To combat the crisis, Chancellor Angela Merkel is buying stakes in banks and bailing out industries. Is there no limit?

The bailout of financially troubled German memory chip maker Qimonda AG could be at risk as the company has an additional financing gap due to detoriating memory chip prices, people familiar with the matter told Dow Jones Newswires Thursday. The financing gap is around EUR300 million, these people said. One of them said additional financing needs may rise by the end of current calendar year.