Companies that make memory chips faced bankruptcy, layoffs, and rough prospects. Included in the mix: Micron, Spansion, Qimonda, and Intel.
Qimonda, an affiliate of Germany-based Infineon Technologies, is seeking bankruptcy protection for its U.S. unit.
Memory chip prices shot up on Monday--a welcome bit of news for beleaguered chipmakers. But it took the failure of a large German chipmaker to make this happen.
While AMD is touting GDDR5 for its next-generation graphics products, Nvidia is being more circumspect.
Micron will buy Qimonda's 35.6 percent stake in Inotera Memories.
Industry outlook quickly getting downgraded as the economy falters.
Largest U.S. maker of memory chips cites decreased demand for its DRAM products. The cuts come on top of a 15 percent reduction in the workforce announced in October.
A joint venture between Panasonic NEC has a new funny name.