Infineon to Shed Jobs as Loss Deepens

FRANKFURT -- Chip maker Infineon Technologies AG of Germany posted a wider fiscal third-quarter net loss Friday, weighed down by unprofitable memory-chip unit Qimonda AG, and said it plans to cut 3,000 jobs as part of a restructuring program.

"The job cuts can't be avoided," said Chief Executive Peter Bauer, citing market conditions, the weakness of the U.S. dollar ...