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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
March 19, 2009
QIMONDA AG
Gustav-Heinemann-Ring 212
D-81739 Munich
Federal Republic of Germany
Tel: +49-89-60088-0
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82- .
This Report on Form 6-K is incorporated by reference into the registration statement on Form F-3,
File No. 333-145983.
Explanatory Note
This Report on Form 6-K contains a press release of Qimonda AG, dated March 13, 2009, announcing
its ongoing search for investors, putting its Qimonda Dresden facililty into standby mode and the
formation of a transfer company, which is hereby incorporated by reference into the Registration
Statement on Form F-3, Registration No. 333-145983.
Talks to find a solution to keep Qimonda in operation will continue beyond the end of March
Production in Dresden to be put on standby Employees to be offered reassignment to transfer
company
Munich March 13, 2009 Talks with potential investors regarding a solution to keep Qimonda in
operation will continue beyond the end of March 2009. Various investors have signalled their
interest, but as yet there are no binding offers on the table. As anticipated, it will not be
possible to reach a conclusive solution by the end of March, announced preliminary insolvency
administrator Dr. Michael Jaffé today after a meeting with the creditors committee.
The employees of the insolvent Qimonda AG and Qimonda Dresden OHG will be able to claim
compensation by means of statutory insolvency payments until the end of March 2009. By the end of
March, the bankruptcy court in Munich will also have received the preliminary insolvency
administrators report on the basis of which the court will make a decision on whether to open
insolvency proceedings.
From April 1, 2009 the expected opening date for insolvency proceedings the company would have
to cover all wage and salary payments itself. Continuing production at full cost on the same scale
as before can be ruled out, however, due to the sustained price decline in the chip industry and
the enormous losses that would result. For this reason, production in Dresden will gradually be
ramped down and put into standby mode by March 31, 2009. This will allow production to be resumed
at any time, should it be possible to successfully conclude negotiations with potential investors.
Page 2 of 3 March 13, 2009
A transfer company is to be formed to keep open the option of continuing production and business
operations whilst preserving the interests of both employees and creditors. From April 1, 2009,
employees at German sites are to be offered reassignment to the transfer company, as soon as
financing has been secured. Talks with the works council regarding details of future employment in
the transfer company and other possible personnel measures, are to be concluded in the near future.
It is also planned that a core team led by the insolvency administrator will continue to work
within the company in order to maintain the leading Buried Wordline Technology and oversee the
investor process.
Ramping down production, maintaining the Buried Wordline Technology and reassigning employees to
the transfer company are vital prerequisites which enable us to pursue a potential solution with
the aim of preserving as many jobs as possible said Dr. Jaffé.
Since petitioning for insolvency on January 23, the memory chip manufacturer has drastically cut
costs and, by concentrating on the competitive Buried Wordline Technology, laid the necessary
foundations for long-lasting future operations. Qimondas leading position in DDR3 technology was
also recently confirmed by Intel. This high technology is of great
significance for Germany as an industrial centre and for Europe overall. We will continue to make
this clear in the ongoing talks with policy makers in Saxony, Bavaria, Germany, Portugal and the
European Union. Qimonda is a key component of the European microchip industry, said Kin Wah Loh,
CEO of Qimonda AG.
Page 3 of 3 March 13, 2009
No final decisions have been reached as yet with regard to the future structure of the company.
This also applies to a decision over whether parts of the business which are able to continue
operations will be retained by Qimonda or transferred to a new company belonging to new investors.
In the latter case, or if no investors can be found to finance Qimondas continued operation,
Qimonda AG, which would legally be dissolved with the opening of insolvency proceedings, would most
likely be liquidated.
About Qimonda
Qimonda AG (NYSE: QI) is a leading global memory supplier with a diversified DRAM product
portfolio. The company generated net sales of Euro 1.79 billion in financial year 2008 and had -
prior to its announcement of a repositioning of its business approximately 12,200 employees
worldwide, of which 1,400 were in Munich, 3,200 in Dresden and 2,800 in Richmond (Virginia, USA).
The company provides DRAM products with a focus on infrastructure and graphics applications, using
its power saving technologies and designs. Qimonda is an active innovator and brings high
performance, low power consumption and small chip sizes to the market based on its breakthrough
Buried Wordline technology. Further information is available at www.qimonda.com.
Disclaimer
This press release contains forward-looking statements based on assumptions and forecasts made by
Qimonda management and third parties. Statements that are not historical facts, including
statements about our beliefs and expectations, are forward-looking statements. These statements are
based on current plans, estimates and projections, and speak only as of the date they are made. We
undertake no obligation to update any of them in light of new information or future events. These
forward-looking statements involve inherent risks and are subject to a number of uncertainties,
including trends in demand and prices for semiconductors generally and for our products in
particular, the success of our development efforts, both alone and with our partners, the success
of our efforts to introduce new production processes at our facilities and the actions of our
competitors, the availability of funds for planned investments and repositioning efforts and the
outcome of antitrust investigations and litigation matters, as well as other factors. We caution
you that these and a number of other known and unknown risks, uncertainties and other factors could
cause actual future results, or outcomes to differ materially from those expressed in any
forward-looking statement. These factors include those identified under the heading Risk Factors
in our most recent Annual Report on Form 20-F which is available without charge on our website and
at www.sec.gov
For the business and trade press
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Public Relations
Worldwide Headquarters
U.S.A.
Asia
Investor Relations Worldwide
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Name
Ralph Heinrich
Glen Haley
Isabel Chen
Andreas Schaller
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Phone
+49 89 60088 1300
+1 919 677 4554
+886 2 8170 8177
+49 89 60088 1200
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E-mail
ralph.heinrich@qimonda.com
glen.haley@qimonda.com
isabel.chen@qimonda.com
andreas.schaller@qimonda.com |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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QIMONDA AG
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Date: March 19, 2009 |
By: |
/s/ Kin Wah Loh
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Kin Wah Loh |
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Chief Executive Officer and
Chairman of the Management Board |
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By: |
/s/ Thomas J. Seifert
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Thomas J. Seifert |
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Chief Operating Officer,
Chief Financial Officer and
Member of the Management Board |
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