Settlement Reached in Qimonda AG Insolvency Case

Munich, 22 August 2024. After extensive negotiations, a settlement agreement of 800 million euros has been reached between Dr Michael Jaffé, insolvency administrator for Qimonda AG, and Infineon Technologies AG. This resolution ends a lengthy dispute regarding undervalue and liability for impairment of capital, which has been ongoing since 2010.

The conflict stemmed from the 2006 transfer of Infineon’s memory chip division to Qimonda. Qimonda, once a major player in the chip manufacturing industry, filed for insolvency in 2009. In January 2024, an expert opinion highlighted a negative value for these business units.

Approved by Infineon’s boards and Qimonda’s creditors' committee, this settlement is expected to conclude the insolvency proceedings in 2025, allowing creditors to receive substantial dividends. Dr Jaffé has realized over 1.2 billion euros for creditors through this and other transactions.