Chip giant in economic trouble.
Qimonda, the German memory chip manufacurer, are in very hot water recently due to the ailing economy.
Their chips have seen use on ATI's graphics cards, as well as extensive use in Microsoft's Xbox 360 console, but even that wasn't enough to keep their head above water when the economy hit.
Losing money over a long period of time due to the huge oversupply of RAM worldwide, there simply wasn't enough profit to keep the manufacturer afloat, spurring the company to apply for insolvency.
They'll still be manufacturing their memory for now, but unless a very benevolent investor steps in it looks like the chips really are down for this once-strong company.
Head over to the SMH to grab more on this, as well as details about the imminent factory closures.
Issue: 133 | February, 2012