Qimonda Gives $2 Million to the VCU School of Engineering

By Pamela DiSalvo Lepley
Division of University Relations

Virginia Commonwealth University today announced a $2 million gift from Qimonda, bringing the company's total support of the VCU School of Engineering to $7 million.

"This is the largest single corporate gift to the School of Engineering to date," said VCU President Eugene P. Trani. "We are thrilled with the strong relationship between our engineering school and Qimonda, which is the largest employer of our engineering alumni."

"Our relationship with VCU goes back to 1997 when we first started hiring for our manufacturing operations," said Thomas Seifert, COO of Qimonda AG. "I am pleased to say that VCU has demonstrated a strong desire to produce a best-in-class engineering graduate."

"By soliciting our input, modifying their curriculum and working closely with us in developing their microelectronics capabilities, we have seen VCU grow to one of the premier programs in the country," added Henry Becker, President of Qimonda North America. "The students we hire from VCU are able to make a positive impact on our operations almost immediately. This gift illustrates our desire to ensure the engineering college continues to thrive and produce high caliber graduates into the future."

The $2 million gift is designated for the School of Engineering's fundraising campaign, which includes support for professorships, scholarships and a 114,000 square-foot expansion of the School of Engineering on the new Monroe Park Campus Addition. Construction is expected to be completed in November 2007. 

Before this gift, Qimonda, then Infineon Technologies, directed $5 million in education grants from the Commonwealth of Virginia for support of the company's major expansion, to the School of Engineering for scholarships, endowed professorships, curriculum development and other related and essential needs of the microelectronics industry.

About Qimonda
Qimonda AG is a leading global supplier of DRAM memory products. Following the carve out from Infineon Technologies AG on May 1, 2006, Qimonda went public at the New York Stock Exchange on August 9, 2006. The company generated net sales of EUR 3.81 billion in its 2006 financial year and has approximately 12,000 employees worldwide. Qimonda has access to five 300mm manufacturing sites on three continents and operates five major R&D facilities, including its lead R&D center in Dresden. The company is a leading supplier of DRAM products to PC and server manufacturers and is increasingly focusing on products for graphics, mobile and consumer applications as well using its power saving trench technology. Further information is available at www.qimonda.com.