 At its height in 2007, Qimonda employed approximately 13,500 personnel worldwide, from whom 1,800 were employed in R&D with access to four 300 mm manufacturing sites and operating six major R&D facilities, and included a chip packaging complex in Vila do Conde, Portugal, and its lead R&D center in Dresden, Germany, in total covering three continents.During this time, and on into September 2008, the price of DRAM continued to decline due to market oversupply, resulting in significant corporate financial losses throughout 2008.