China's Inspur says approached Qimonda among others
BEIJING, March 20 (Reuters) - China's Inspur (News) Electronic Info Industry said on Friday its affiliate firm had approached insolvent chip maker Qimonda (News) among other foreign tech firms, and talks may lead to a possibility of outcomes.
In a scheme aimed at boosting its chip industry, China's coastal Shandong province has gathered a few local technology firms, including an affiliate of Inspur, to start talks with overseas firms, including Qimonda, Inspur spokesman Zuo Baicheng said.
'The talks are all at a very early stage, which could lead to all types of consequences,' Zuo told Reuters in a telephone interview. 'They are studying all possibilities.'
Shandong Sino-Chip has a registered capital of 300 million yuan ($44 million), with Inspur one of its three shareholders with a 33.3 percent equity stake, according to its website.
Inspur's President Sun Pishu also serves as the chairman and chief executive officer of Sino-Chip.
Several sources familiar with the situation had said earlier that Inspur was in talks with Qimonda, adding that the talks might founder on the state-controlled Chinese company's insistence that Germany also take a stake in Qimonda.
The Economics Minster of the German state of Saxony said on Thursday the state may take a stake in Qimonda, possibly clearing the way for a private investor to step in and help salvage the struggling company.
(Reporting by Michael Wei; Editing by Jacqueline Wong) Keywords: INSPUR QIMONDA/
(michael.wei@thomsonreuters.com; +8610 6627 1003; Reuters Messaging: michael.wei.reuters.com@reuters.net)
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Copyright Thomson Reuters 2009. All rights reserved.
BEIJING, March 20 (Reuters) - China's Inspur (News) Electronic Info Industry said on Friday its affiliate firm had approached insolvent chip maker Qimonda (News) among other foreign tech firms, and talks may lead to a possibility of outcomes.
In a scheme aimed at boosting its chip industry, China's coastal Shandong province has gathered a few local technology firms, including an affiliate of Inspur, to start talks with overseas firms, including Qimonda, Inspur spokesman Zuo Baicheng said.
'The talks are all at a very early stage, which could lead to all types of consequences,' Zuo told Reuters in a telephone interview. 'They are studying all possibilities.'
Shandong Sino-Chip has a registered capital of 300 million yuan ($44 million), with Inspur one of its three shareholders with a 33.3 percent equity stake, according to its website.
Inspur's President Sun Pishu also serves as the chairman and chief executive officer of Sino-Chip.
Several sources familiar with the situation had said earlier that Inspur was in talks with Qimonda, adding that the talks might founder on the state-controlled Chinese company's insistence that Germany also take a stake in Qimonda.
The Economics Minster of the German state of Saxony said on Thursday the state may take a stake in Qimonda, possibly clearing the way for a private investor to step in and help salvage the struggling company.
(Reporting by Michael Wei; Editing by Jacqueline Wong) Keywords: INSPUR QIMONDA/
(michael.wei@thomsonreuters.com; +8610 6627 1003; Reuters Messaging: michael.wei.reuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
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