China's Inspur Electronic Info Industry said on Friday its affiliate firm had approached insolvent chip maker Qimonda among other foreign tech firms, and talks may lead to a possibility of outcomes.
In a scheme aimed at boosting its chip industry, China's coastal Shandong province has gathered a few local technology firms, including an affiliate of Inspur, to start talks with overseas firms, including Qimonda, Inspur spokesman Zuo Baicheng said.
"The talks are all at a very early stage, which could lead to all types of consequences," Zuo told Reuters in a telephone interview. "They are studying all possibilities."
Shandong Sino-Chip has a registered capital of 300 million yuan ($44 million), with Inspur one of its three shareholders with a 33.3 percent equity stake, according to its website.
Inspur's President Sun Pishu also serves as the chairman and chief executive officer of Sino-Chip.
Several sources familiar with the situation had said earlier that Inspur was in talks with Qimonda, adding that the talks might founder on the State-controlled Chinese company's insistence that Germany also take a stake in Qimonda.
The Economics Minster of the German state of Saxony said on Thursday the state may take a stake in Qimonda, possibly clearing the way for a private investor to step in and help salvage the struggling company.