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Infineon unveiled its new memory chips firm on March 31: a company named "Qimonda" worth around 3 billion euros ($3.6 billion) to be carved out of its parent on May 1, two months earlier than planned.
The German chipmaker said an initial public offering remained its preferred option for Qimonda, a business based in Munich that will be the world's fourth-biggest maker of standard DRAM memory chips.
Chief Executive Wolfgang Ziebart said he could give no details of where the IPO would take place or how much Infineon hoped to raise, given that Infineon's supervisory board had yet to approve an offering. The board is due to meet in May.
But he reiterated that he would not favour a listing in Germany, where Qimonda would be the only memory-chip company quoted. "It's a good idea if you've got several similar companies in one marketplace," he told a news conference.
Sources familiar with the situation told Reuters this week that Ziebart would prefer to list Qimonda on the Nasdaq in the United States.

Copyright Reuters, 2006

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