UPDATE 1-Elpida says has no plan to invest in Qimonda

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TOKYO, Aug 29 (Reuters) - Japanese microchip maker Elpida Memory Inc (6665.T) said on Friday it has no plans to invest in fellow semiconductor manufacturer Qimonda QI.N of Germany.

The comment comes after shares in Infineon Technologies AG (IFXGn.DE), parent of Qimonda, rose on Thursday on market talk that Elpida, the world's No.3 maker of dynamic random access memory (DRAM) chips, could bid $1.1-1.3 billion for Qimonda.

"Given the current market conditions, we have no plan at all to invest in Qimonda," Elpida said in a statement.

Elpida tumbled to a quarterly loss in April-June as demand for computer memory chips slackened.

Shares in Infineon were down 1.9 percent at 5.84 euros, while Elpida shares closed down 0.2 percent at 2,380 yen before the comment. (Reporting by Kiyoshi Takenaka; Editing by Quentin Bryar)