Infineon, Toshiba to end negotiations on memory chip JV

Dec. 18, 2001 – Munich, Germany – Infineon Technologies AG and Toshiba have been unable to reach a mutual agreement in their negotiations on potential cooperation in the memory segment. Following intensive talks, both Infineon and Toshiba agreed that none of the options that were discussed would be feasible strategies for both companies, and the negotiations were brought to an end.

“I regret that the mutual talks will not continue and that we could not achieve the results we were looking for,” commented Ulrich Schumacher, president and CEO of Infineon.

Infineon continues to remain open to future cooperation with manufacturers of memory chips if Infineon’s cash position would not be adversely affected as a result.


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