* Says North American unit appoints advisers
* Advisers to assist sales of chip making assets in Sandston
April 2 (Reuters) - Insolvent German chipmaker Qimonda 's North American unit said it appointed advisers to assist in the sale of its semiconductor manufacturing assets in Sandston, Virginia.
The advisory team is comprised of ATREG, a division of Colliers International, Emerald Technology Valuations LLC and Gordon Brothers Commercial & Industrial, Qimonda North AmericaCorp, which filed for bankruptcy protection on Feb. 20, said in a statement.
The company said if its advisers failed to get a buyer for the assets, it would sell them in separate transactions.
Qimonda, which is suffering from a massive drop in prices for dynamic random access memory (DRAM) chips, filed for insolvency on Jan. 23 after it said a 325-million euro rescue attempt by its home state of Saxony, parent company Infineon and a group of banks had not come in time.
Qimonda, the world's fourth biggest maker of DRAM chips, faces liquidation if it cannot find a financial investor.
(Reporting by Amitha Rajan in Bangalore; Editing by Jarshad Kakkrakandy) Keywords: QIMONDA/ (amitha.rajan@thomsonreuters.com; Reuters messaging: amitha.rajan.reuters.com@reuters.net; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Advisers to assist sales of chip making assets in Sandston
April 2 (Reuters) - Insolvent German chipmaker Qimonda 's North American unit said it appointed advisers to assist in the sale of its semiconductor manufacturing assets in Sandston, Virginia.
The advisory team is comprised of ATREG, a division of Colliers International, Emerald Technology Valuations LLC and Gordon Brothers Commercial & Industrial, Qimonda North AmericaCorp, which filed for bankruptcy protection on Feb. 20, said in a statement.
The company said if its advisers failed to get a buyer for the assets, it would sell them in separate transactions.
Qimonda, which is suffering from a massive drop in prices for dynamic random access memory (DRAM) chips, filed for insolvency on Jan. 23 after it said a 325-million euro rescue attempt by its home state of Saxony, parent company Infineon and a group of banks had not come in time.
Qimonda, the world's fourth biggest maker of DRAM chips, faces liquidation if it cannot find a financial investor.
(Reporting by Amitha Rajan in Bangalore; Editing by Jarshad Kakkrakandy) Keywords: QIMONDA/ (amitha.rajan@thomsonreuters.com; Reuters messaging: amitha.rajan.reuters.com@reuters.net; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.