GF is outsourcing the outsourced countries .... what a bottom feeding company!! https://www.digitimes.com/news/a20240315VL200/globalfoundries-india-singapore-taiwan.html

Read what experts say about GF not Tom C or Tim B's minions

The SLT is on the right track again! Productivity is through the roof. This will allow GF to optimize areas of need with the current staff. I heard employees should be excited because it will open up a lot of new opportunities. Get ready, stock will... — read more 

This is actually hilarious. My guess is that the only reason Fab9 is still open as if they can't find someone to take it off their hands when that huge massive land area becomes GF problem on cleanup. That pretty much can't be done to meet Vermont... — read more 

Republican and Democratic senators have united in their stern critique of Boeing's safety protocols, standing strong for American safety standards. I fervently hope that a leader from one of our esteemed U.S. branches of government will boldly... — read more 

https://lnkd.in/ga4Px_VA Matter of time when GF has its version

The TrendForce report indicates mixed news for GlobalFoundries. In Q1 2024, GlobalFoundries experienced a significant QoQ revenue drop of 16%, falling to the fifth position in market share due to declines in orders from the automotive, industrial... — read more 

There will be small targeted layoffs soon. All part of a plan that has been in place for a while. https://www.digitimes.com/news/a20240315VL200/globalfoundries-india-singapore-taiwan.html

Baldwin Investment Management LLC trimmed its holdings in GLOBALFOUNDRIES Inc. (NASDAQ:GFS - Free Report) by 65.7% in the fourth quarter. https://www.marketbeat.com/instant-alerts/nasdaq-gfs-sec-filing-2024-06-08/ Based on current market analysis... — read more 

Tom C. Needs to update his old catchphrase to "Downward Team" it's more fitting to his ideas.

We need to come together as a team to lookout for each of our sites to better our own personal financial situations. I'm not suggesting we try and form a union or go on strike. I understand some people view unions as a bad thing, and striking is... — read more 

https://www.msn.com/en-us/money/markets/globalfoundries-stock-is-on-track-for-worst-day-in-more-than-a-year-this-is-why/ar-BB1mVyqS?ocid=finance-verthp-feeds This makes my heart Happy.

Just like any other company that closed in past. GF is on the same trajectory. It is short of strategy clearly. Next is it remaining people. It is really waiting to happen. As soon as those newer employees with 2-5 experience, start leaving the... — read more 

Mubadala leads the selloff of GF shares. That’s all folks! The end is near and the stock is dropping like a rock.

China’s Semiconductor Manufacturing International Corporation (SMIC) has risen to become the world’s third-largest chip foundry, surpassing GlobalFoundries, according to Counterpoint Research. This milestone underscores SMIC’s rapid technological... — read more 

Looks like Mubadala is beginning its exit from the sinking ship. Selling $1B of its shares to be funded by GF's balance sheet. https://finance.yahoo.com/news/mubadala-offers-sell-950-million-214328938.html

Here's the cold hard truth: for all you minions backing Tom C, this is the cost of incompetence from that so-called leadership team. Shame on every single one of them.

My curiosity got the best of me I must admit. Been gone just over a year and by the looks of it here, nothing has changed at GF. If anything it's worse. I can't speak for everyone who got laid off, but I know for a fact many are doing well including... — read more 

Stats says Gf is losing China market

The numbers just don't add up. We'll see how these stealth layoffs pan out in the next few quarters.

https://www.investors.com/news/technology/gfs-stock-globalfoundries-q1-2024-earnings/

Chartered semiconductor culture, something that is close to successful foundry cultures of T and U, continues to evolve in a cut throat market. It kept gf alive with money from brutal, but successful revenue machine that is GF Singapore and those old... — read more 

Nothing says finical doldrums like removing basic quirky perks, coffee, tea bags, sugar, honey, plastic knives and forks and napkins from break areas. Definitely dark finances on the horizon.

After 20 years of rewarding collaboration with talented colleagues, a concerning trend has emerged with SOME hires from low cost go. Despite strong resumes and expertise claims on LinkedIn, they have struggled with basic tasks in their purported... — read more 

Why wait to be laid off? No job is that important. Plenty of other good companies to work for or retire early and have fun! F-k GF.

In a recent meeting led by R.T. Senior Vice President, announced plans to reduce staff in his org in specific locations: Santa Clara and Malta and BTV (20% Reduction): Focus on middle managers and directors. India (10% Reduction): Similar impact on... — read more 

Doesn't it just make you sick to see TC out there in the press spewing the same garbage month after month? Then you have all the clowns he surrounds himself around, his yes men and women minions. In addition, the puppet he brought in for HR has... — read more 

Who needs innovation when you have Moore's Law, am I right? Globalfoundries is out here celebrating their amazing newguiguinchiphonies based on their latest, cutting-edge processes Newsflash: the rest of the semiconductor world is already on to 5nm... — read more 

Due to cutting costs rumor is the cafe closes everyday starting next week 3pm to 8pm. You are SOL if that is when you have lunch or come in for coffee :(

https://www.barrons.com/articles/global-foundries-stock-earnings-downgrade-38bdc3c3

https://www.dallasnews.com/business/technology/2024/04/15/biden-administration-to-give-64-billion-to-samsung-to-make-computer-chips-near-austin/

Huge layoff in the works. Stock price lower than IPO now and falling like a rock.

Sgp Layoff happened , heard it happened on end of Mar

https://www.azcentral.com/story/money/business/tech/2024/04/08/tsmc-to-get-6-6-billion-from-chips-act-3rd-arizona-fab-announced/73232207007/

Some folks were let go 2weeks back , they are folks who are close to retirement , folks who have been with the company since Day 1. Loyalty does not matter … Folks were from the Malta site

Yeah Baby! 8.5 Billion Dollar Grant!! Move aside GF, time for the Big Boys to get it done. https://www.cnbc.com/2024/03/20/intel-awarded-up-to-8point5-billion-from-chips-act-with-loans-available.html

https://www.cnnbc.com/2024/03/20/intel-awarded-up-to-8point5-billion-from-chips-act-with-loans-available.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message

5B from the government and the company is still sinking. Pull out your stock money now or lose it all.

Looks like India is booming. Lol.. Malta and Burlington is next.. bet on it. https://www.digitimes.com/news/a20240315VL200/globalfoundries-india-singapore-taiwan.html