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DE 
From Ulrich Wolf
Dresden/Munich. An agreement has been reached in the long-running legal dispute between the insolvency administrator of the former Dresden-based semiconductor manufacturer Qimonda and the former parent company Infineon. Administrator Michael Jaffé announced on Friday that in a settlement with Infineon, an agreement had been reached on the payment of 800 million euros for the insolvency estate.
Infineon outsourced its memory chip division in 2006 and transferred it to the newly founded Qimonda AG. At its peak, the division employed around 13,500 people worldwide, including around 3,000 in Dresden alone. The company went public on the New York Stock Exchange, but collapsed into insolvency in January 2009 due to high losses. As a result, there was no state aid.
In 2010, insolvency administrator Jaffé went to court in Munich because Infineon, as the parent company of the Group, was of the opinion that Qimonda was worth next to nothing and therefore no longer had to contribute any money to the insolvency estate for the benefit of Qimonda's creditors. In January 2024, a court expert opinion was completed and both sides held settlement talks. The result: after deducting payments already made, Infineon will transfer 753.5 million euros to the administrator, according to Jaffé. "This means that preparations can now begin for the conclusion of the proceedings so that the creditors can also benefit from this great success," Jaffé announced.
State can probably reclaim subsidies
According to him, the administrator has recovered around 1.2 billion euros for Qimonda creditors "in consistently contentious disputes with various parties". The creditors of insolvent Qimonda subsidiaries such as Qimonda Dresden GmbH & Co. OHG also benefited from this. In addition to the employees, their creditors also included public authorities in Germany, which had provided subsidies prior to the insolvency. Jaffé: "Their claims will probably be satisfied (almost) in full."
A good three years after the Qimonda bankruptcy the Infineon plant in Dresden had taken over the remaining production facilities and buildings of the insolvent company again: for around 100 million euros. The Dresden site was then expanded step by step, always with state subsidies. Infineon now employs around 3,700 people in Dresden. ongoing construction work it will then be 4,500.
