 The restructuring saw the sale of Qimonda's interest in its largest 300 mm manufacturing site (Inotera, Taiwan - a joint venture between Nanya Technology and Qimonda AG, with QAG owning 35.6% at the time of sale) to its rival Micron Technology for approximately $400m in cash.Additionally, CEO Kin Wah Loh announced the closure by January 2009 of the company's single remaining 200 mm site as well as the adjoining 300 mm facility located in Richmond, Virginia.Other restructuring included the complete closure of the Raleigh R&D facility and the termination of the back-end component and module manufacturing site in Dresden.