Qimonda’s operations and balance sheet unaffected by Infineon write-down - Goodwill impairment of EUR 61 million; remaining assets not impaired

April 21, 2008 - Infineon Technologies AG, Munich, today announced that it takes the next step in preparation for the planned disposal and resulting deconsolidation of its investment in Qimonda AG, Munich. As of March 31, 2008, the assets and liabilities of Qimonda are being reclassified into “Assets Held for Sale” in the consolidated balance sheet of Infineon. Following this reclassification, and in contemplation of its planned deconsolidation, the carrying amount of the investment in Qimonda was reduced to its market value determined on a held-for-sale basis. The accounting by Infineon for its investment in Qimonda has no direct impact on Qimonda’s financial reporting.

Independent of Infineon’s reclassification of its investment in Qimonda to “Assets Held for Sale”, Qimonda has, in accordance with the accounting principles applicable to it, assessed its own assets for recoverability of their carrying values. This assessment is based on the expected future use of the company’s assets in its continuing operations and, among other factors, considers medium term developments and expectations in Qimonda’s business. Based on the analysis performed, Qimonda concluded that the carrying amount of its pre-existing goodwill is impaired and determined that all of its tangible and remaining intangible assets are not impaired. As a result, Qimonda will write off goodwill and charge other operating expense in the total amount of Euro 61 million as of March 31, 2008.

About Qimonda

Qimonda AG (NYSE: QI) is a leading global memory supplier with a broad diversified DRAM product portfolio. The company generated net sales of Euro 3.61 billion in its financial year 2007 and had approximately 13,500 employees worldwide. Qimonda has access to five 300mm manufacturing sites on three continents and operates six major R&D facilities. The company provides DRAM products for a wide variety of applications, including in the computing, infrastructure, graphics, mobile and consumer areas, using its power saving technologies and designs. Further information is available at www.qimonda.com.

Disclaimer

This press release contains forward-looking statements based on assumptions and forecasts made by Qimonda management and third parties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and speak only as of the date they are made. We undertake no obligation to update any of them in light of new information or future events. These forward-looking statements involve inherent risks and are subject to a number of uncertainties, including trends in demand and prices for semiconductors generally and for our products in particular, the success of our development efforts, both alone and with our partners, the success of our efforts to introduce new production processes at our facilities and the actions of our competitors, the availability of funds for planned expansion efforts and the outcome of antitrust investigations and litigation matters, as well as other factors. We caution you that these and a number of other known and unknown risks, uncertainties and other factors could cause actual future results, or outcomes to differ materially from those expressed in any forward-looking statement. These factors include those identified under the heading "Risk Factors" in our most recent Annual Report on Form 20-F and our prospectus supplement filed with the SEC on February 11, 2008, each of which is available without charge on our website and at www.sec.gov .