Infineon Technologies AG, Europe's second-biggest semiconductor maker, fell in Frankfurt trading after Elpida Memory Inc said it wasn't considering taking a stake in Infineon's money-losing Qimonda AG unit or buying it.
Frankfurter Allgemeine Zeitung reported on Thursday that Elpida was “very open” to talks about a stake swap or the purchase of shares in Qimonda, which makes memory chips.
The newspaper cited Elpida CEO Yukio Sakamoto.
“There is no such fact that we are considering it,” Kumi Higuchi, an Elpida spokeswoman in Tokyo, said yesterday.
Infineon lost US$0.14, or 1.4 percent, to US$9.50 as of 11:30am in Frankfurt. Qimonda jumped US$0.41, or 9.5 percent, to US$4.71 in New York yesterday. Elpida rose 0.5 percent to US$37.08 in Tokyo.
Qimonda, which is 77.5 percent owned by Infineon, and Elpida are jointly developing memory chips.
Infineon has said it plans to cut its Qimonda stake to less than 50 percent by its annual meeting next year.
Separately, Chartered Semiconductor Manufacturing Ltd, the maker of chips that power Microsoft Corp’s Xbox 360 console, fell for a second day in Singapore trading after Credit Suisse Group cut its share price estimate by 22 percent.
Chartered dropped 3.6 percent to US$0.58 on the Singapore Exchange, the lowest since late April.
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