Infineon and Toshiba End Negotiations

August 04, 1998 by Jeff Shepard

Infineon Technologies AG (Munich, Germany) and Toshiba Corp. (Japan) have been unable to reach a mutual agreement in their negotiations on a 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, therefore, 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," stated Ulrich Schumacher, president and CEO of Infineon. "However, in the consolidating memory market, Infineon has established a strong leadership position. Our leading technology, our outstanding cost position in manufacturing and our pioneering role in 300mm technology secure important competitive advantages and provide us with a market position from which we will build."