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

I hate driving I to work each day by the sign at fab9, apply today Jumpstart your career Maybe better than Burger King, McDonald's or Walmart. If your working anywhere else stay put. A good friend who started 25 years ago as an operator and worked... — read more 

It appears from the US Chips Act of the $1.5B GF received, Fab 9 in Vermont will get $125M of that and $1.375B will go to Malta. The Fab 9 site has a huge amount of work needed, the buildings are in really bad shape, some buildings just need to be... — read more 

https://seekingalpha.com/article/4675602-globalfoundries-stock-still-uncertain-about-when-industry-will-recover-maintain-hold

What would you say if the grid can’t supply enough power for a second Malta fab.

Noticed on my way to work today Globalfoundries in Essex jct Vt has a huge sign now hiring ' Jumpstart your career. Imagine that after laying off several two weeks before Christmas.

The stock market is booming yet GF is sinking even after a 1.5 Billion dollar handout. TC is a jacka$$ and run fast from this company.

Malta, New York - New State-of-the-Art 300 mm Fab; Malta, New York - Capacity Expansion for Automotive; This expansion, combined with the new 300 mm fabrication facility, is expected to triple the existing capacity of the Malta campus over the next... — read more 

U.S. Awards $1.5 Billion to Chipmaker GlobalFoundries The grant will go toward chips for the auto and defense industries, and is the largest award to date from $39 billion in government funding

https://www.timesunion.com/news/article/globalfoundries-wins-3-billion-feds-expand-18674746.php

It is no secret that there has been workforce downsizing and outsourcing going on at Fab9 for a while. The future of this site looks bleak. What is the most likely scenario for Fab9, decimating the whole site and letting all teams go, or preparing... — read more 

It didn't take too long after the preverbal pivot - mission accomplished! https://www.bloomberg.com/news/articles/2024-02-15/china-chip-stocks-look-like-long-term-winners-to-wall-street

https://www.anandtech.com/show/21266/globalfoundries-clients-are-migrating-to-sub10nm-faster-than-expected

Nm

https://seekingalpha.com/news/4066628-globalfoundries-downgraded-citi-amid-competition-weak-guidance-woes?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain%7Csection%3Atechnology Lol

What do you think of the results? First time GF guided below market consensus.

The future does not look bright. I want to sell all my shares. Is this the high point for the stock or should I wait a month or 2?

https://zacjohnson.com/github-layoffs/

I wonder what our good friend and fearless leader Tommy Boy will have to say in Globalcast next week? I'm sure currently he is out looking for some announcement which will shadow the bad earnings numbers like he always does. Do we think he will... — read more 

https://www.marketwatch.com/story/globalfoundries-shares-down-after-jpmorgan-downgrade-0f881840

TSMC showed >50% gross margins in 4Q 2023 and for full year 2023. UMC gross margins dropped significantly down near ~30% for 4Q 2023. Let's see how GF gross margins end up for 4Q 2023 and for entire 2023 year. In a capital-intensive business-like... — read more 

Intel and United Microelectronics Corp., a leading global semiconductor foundry, will collaborate on the development of a 12-nanometer semiconductor process platform to address high-growth markets such as mobile, communication infrastructure and... — read more 

There seem to be many things brewing in the background at GF. SVPs being stripped of duties in tech dev area. Senior directors losing their roles in IP dev area. Things like this typically happen when someone new is coming to take over, cleaning... — read more 

10nm and below technologies are expected to be close to 30% by YE 2024 of the overall semi market and it is growing by about 4-5% per year. By 3030 if the trend continues then 10nm and below could be over 50% of the market share. If one is stuck... — read more