Infineon agrees to pay $837 million to settle Qimonda dispute

Infineon headquarter is pictured before the annual results news conference in Munich, Germany, November 15, 2023. REUTERS/Michaela Rehle/ File Photo

(Reuters) - German chipmaker Infineon Technologies AG said on Thursday it has reached a settlement with Qimonda AG's insolvency administrator by agreeing to pay 753.5 million euros ($837.21 million), ending the long-pending legal dispute.

Qimonda's administrator had sued Infineon in 2010 for 3.35 billion euros, arguing the chipmaker had transferred operations to it at an inflated price.