Infineon agrees to pay $837 million to settle Qimonda dispute
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
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Source: Yahoo Finance
Settlement Reached: Infineon Technologies AG has agreed to pay 753.5 million euros to Qimonda AG's insolvency administrator, resolving a long-standing legal dispute that began when Qimonda sued Infineon for 3.35 billion euros in 2010.
Financial Impact: The settlement will affect Infineon's earnings and cash flow from discontinued operations, with the conclusion of insolvency proceedings expected by 2025, allowing for substantial dividends for creditors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
