UPDATE 1-Administrator sees hope for parts of Qimonda

* Chinese R&D subsidiary, stake in a photovoltaics JV sold

* Parts of Munich, Dresden opers could stay in business

* No buyer for entire company has emerged

MUNICH, June 16 (Reuters) - The insolvency administrator for Qimonda QMNDQ.PK expects to sell parts of the German chipmaker even though no buyer has emerged for the entire group, he said on Tuesday.

Administrator Michael Jaffe told a court hearing on Tuesday that after the sale of a Chinese research subsidiary and a stake in a photovoltaics joint venture more deals were in the offing.

Talks with a prospective buyer of the business that develops graphic chips for game consoles were in a final phase, Jaffe said.

Parts of Qimonda's main sites in Munich and Dresden were also likely to stay in business under new owners, he added.

Hopes were fading to sell Infineon (IFXGn.DE) unit as a whole, even though Jaffe was still on the lookout for suitors, he said.

A person briefed on the matter told Reuters earlier that the administrator for Qimonda hoped to salvage parts of the chipmaker even though no buyer for the entire group had been found.

Qimonda, which employs 12,000 staff, collapsed this year as chip prices slumped. Efforts to organise a state bailout failed to bear fruit.

German Chancellor Angela Merkel said on Monday that politicians needed to consider whether to aid the struggling chipmaker and its peers in Germany. [ID:nLF507454]

(Reporting by Jens Hack and Ludwig Burger; Editing by Michael Shields and Elaine Hardcastle)