On April 1, 2006, German based Infineon Technologies AG, announced that it would split off its semiconductor memory business by forming a wholly owned subsidiary named Qimonda (pronounced key-monda). The effective dates of the split would occur on May 1, 2006, two months prior to the previously announced date of July 1, 2006. Infineon also announced that it would conduct an initial public offering (IPO) of Qimonda at unspecified future date, thereby liquidating its majority interest in the company.
After the split, Qimonda would emerge as the 4th largest global manufacturer of DRAM memory components. The company would be headquartered in Munich, Germany and would be organized into 4 Regional locations, including Qimonda North America.
Schnorbus, Roger R. and Littleton M. Maxwell. 2006. "Qimonda." E.C.R.S.B. Robins School of Business White Paper Series. University of Richmond, Richmond, Virginia.