2008-11-10 07:35:03 -

www.qimonda.com/ - Qimonda AG (NYSE: QI) today announced that on November 7, 2008 it was notified by the New York Stock Exchange ("NYSE") that it is not in compliance with one of the NYSE's continued listing standards. Qimonda is considered "below compliance" because the average closing price of its American Depositary Shares ("ADSs") has fallen below $1.00 over a consecutive

thirty trading day period. As of October 31, 2008, the 30 trading day average closing price of Qimonda's ADSs was $0.90. The NYSE will include the indicator "BC" on its consolidated tape beginning on November 14, 2008, to indicate that Qimonda is below the NYSE's quantitative continued listing standards.

Under the applicable rules and regulations of the NYSE, Qimonda must inform the NYSE within ten days that it intends to cure the deficiency. In order to restore compliance, Qimonda's ADSs must have an average thirty trading day closing price at or above $1.00 within six months from the date that Qimonda received formal written notice of non-compliance from the NYSE. Qimonda has informed the NYSE of its intention to return to compliance and will remain in communication with the NYSE throughout the process.

Under the NYSE rules, should Qimonda fail to meet these requirements at the expiration of the six month period on May 7, 2009, the NYSE will commence suspension and delisting procedures. During this period, Qimonda's ADSs will continue to be listed on the NYSE, subject to ongoing reassessment. The NYSE notification will not affect the Company's business operations, does not change its SEC reporting requirements and has no effect under any of the Qimonda's credit agreements or the 6.75% Senior Unsecured Convertible Notes issued by Qimonda's finance subsidiary.

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 financial year 2007 and had approximately 13,500 employees worldwide prior to its recent announcement of a repositioning of its business. The company provides DRAM products with a focus on infrastructure and graphics applications, 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 investments and repositioning 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 which is available without charge on our website and at www.sec.gov.

Qimonda AG
Public Relations
Worldwide Headquarters
Ralph Heinrich, +49 89 60088 1300
ralph.heinrich@qimonda.com
or
U.S.A.
Glen Haley, +1 919-677-4554
glen.haley@qimonda.com
or
Asia
Isabel Chen, +886 2 8170 8177
isabel.chen@qimonda.com
or
Japan
Kenichi Sugiyama, +81 3 5745 7495
kenichi.sugiyama@qimonda.com
or
Investor Relations Worldwide
Andreas Schaller, +49 89 60088 1200
andreas.schaller@qimonda.com