East German chip firm sold for 70p

East German chip firm sold for 70p
David Manners ZMD (Zentrum Microelectronik Dresden) has been sold for 70p (DM2) to the company which used to make the Trabant motor car – Sachsering. ZMD was one of the East German microelectronics companies which was privatised after The Wall came down. Like its East German neighbour, the Karl-Marx Microelectronics Works at Erfurt which was privatised as Thesys and later sold to Austria Mikro Systems, ZMD has found sustained profitability elusive. Since 1993 it has been owned by the State of Saxony and has received state aid of DM170m.


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