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The German memory manufacturer, Qimonda AG, on Friday announced its bankruptcy. Curiously, this happened only one month after obtaining a "life-saving" loan of several million euros.
This was announced by the official website of the company, the administrative court in Munich also confirmed this information to media agencies, as reported by the resource MercuryNews.
Qimonda itself has not yet disclosed details, but iSuppli, according to TGDaily, traced not only the price path of DRAM memory the entire industry over the past few years, but also for the company itself to understand the essence of her problem.
DRAM price decline trend has been noticed for two years. In 2021 there was a growth in the industry with an indicator of + 35.2%, and in 2021 there was already a decline with an indicator of -7.3%, in 2021 - -19.8%. 2021 and 2021 are also not named yet profitable for companies in this business. 2021 is expected to show change at the level of -4.3%, and only in 2021, it is possible that there will be growth at the level +13%.
Qimonda AG in the third quarter of 2021 owned (judging by the volume of supplies) about 9.7% of the DRAM-memory market. Now the production of products reduced by about half. According to researchers from iSuppli in 2021 prices on DRAM memory fell by 51%, and in 2021 by another 53%. it much more than the annual drop in prices (30% on average).
The reason for the collapse of Qimonda AG, according to the director of iSuppli, was “bad macroeconomic conditions and dire situation in the DRAM market ". At the same time, most manufacturers have been actively investing since 2021 in increasing the volume of production despite the decreasing demand and falling prices. Additional reasons are called technical lag from competitors and waste of cash.
Source: Qimonda AG