Talks with potential investors regarding a solution to keep Qimonda in operation will continue beyond the end of March 2009. "Various investors have signaled their interest, but as yet there are no binding offers on the table. As anticipated, it will not be possible to reach a conclusive solution by the end of March," announced preliminary insolvency administrator Dr. Michael Jaffé today after a meeting with the creditors committee.

The employees of the insolvent Qimonda AG and Qimonda Dresden OHG will be able to claim compensation by means of statutory insolvency payments until the end of March 2009. By the end of March, the bankruptcy court in Munich will also have received the preliminary insolvency administrator's report on the basis of which the court will make a decision on whether to open insolvency proceedings.

Qimonda AG has maintained liquidity since applying to open insolvency proceedings on January 23, 2009, thus fulfilling the requirement necessary in order to continue operation preliminarily. At the same time, the Qimonda management and a team working for the preliminary insolvency administrator Dr. Michael Jaffé have been holding concrete discussions with numerous international interested parties. The aim is to have firm offers submitted as soon as possible. Following successful mass production of the first generation of the innovative Buried Wordline technology at the Dresden facility, the 46nm generation, potentially a leading technology in the industry, is now to be made ready for production in collaboration with an investor, with mass production to begin in summer 2009. Furthermore, intensive work is being put into financing options which would allow production to also continue for a limited period of several months after March 31, 2009. This would aid the company in successfully concluding the process of finding an investor, providing concrete indications of interest have been made by the end of March. The sale of investments is being prepared in parallel with the search for investors in order to generate liquidity to continue running the core business.

Qimonda AG is making consistent advances in its orientation towards its Buried Wordline technology. After seeing the first generation with a size of 65nm achieve good results in mass production in Dresden, the developers have now created the first operational DDR3 memory modules based on the latest 46nm technology.

The new 46nm technology will triple the number of chips per wafer compared with the current 75nm technology, and thus is expected to increase production efficiency by 200 percent. Furthermore, preliminary results show that power consumption will be reduced by up to 75 percent. "We are confident that our new technology is the key innovation for us to move onwards into a lucrative future," says Thomas Seifert, CFO and COO of Qimonda AG. "The first successful test runs with the new 46nm module generation and the customer feedback up to now have been very encouraging."

Qimonda AG, a leading global memory supplier, today announced the commencement of commercial production of DRAM chips using its new Buried Wordline technology. Qimonda's revenues in October included the first sales of 1Gbit DDR2 chips using 65nm Buried Wordline technology. In addition, Qimonda has achieved first yields on the next generation 46nm Buried Wordline technology and has taped out what it believes is the worldwide smallest 2G DDR3 chip based on this technology. Qimonda's innovative Buried Wordline DRAM technology combines high performance, low power consumption and small chip sizes to further advance the company's product portfolio, which is now focused on DRAM for infrastructure and graphics applications.