BenQ Mobile bankruptcy prompts Infineon to cut jobs

The insolvency of German handset maker BenQ Mobile GmbH & Co. OHG continues to reverberate in the mobile phone sector. On Tuesday, chip maker Infineon Technologies AG said it will lay off workers and take hundreds of millions of dollars in charges after losing BenQ Mobile as a customer.

Infineon said it will lay off 400 workers globally and take charges in the 2006 financial year totaling

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