Infineon memory division to become Qimonda

— 12:06 PM on March 31, 2006

Infineon, the world's fourth-largest DRAM producer, will spin off its memory division under the Qimonda brand on May 1. Infineon, a German company, was itself created when Siemens split with its semiconductor business in April 1999. When interviewed last year by CNET, Infineon Chairman Wolfgang Ziebart stated that the upcoming split would happen due to the divergence of processes and business models for memory and logic, as well as to increase profitability and growth. Qimonda will remain an Infineon subsidiary for the time being, while Kin Wah Loh—the current head of Infineon's memory division—will lead the new company.

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