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 

https://resources.ripplematch.com/globalfoundries-2024-campus-forward-award-winner

Do we know what the AIP bonus percent achieved value is for 2023 paying out in 2024?

I'd imagine it's probably contingent on some.sort of contract so if they pay it off you need to agree to stay a year. Or it's paid out over a few years. But does anyone know any more than this?

AME Etch is the worst. I'm currently searching for a new job and have an interview lined up for next week. Wish me luck. I'm hoping to be able to give 2 weeks notice soon.

"PLANTATION, Fla.--(BUSINESS WIRE)-- Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, announced today the appointment of David Reeder as Chief Financial Officer (CFO), effective February 14, 2024." .. — read more 

GF died 💀 the day when it accepted the defeat from technology development GF ☠️ died the day it licensed 14lpe ki-ling its own 14xm GF died the day it decided to close 7nm GF died the day it decided to close r and d to become a third tier... — read more 

Merry Christmas GF from all of us that got laid off last year and I'm sure from the ones last week. A new holiday tradition from a company without morals.

Not surprised as GF revenues keeps going down. GF need to keep laying people off to stay afloat.

Hello everyone, I'm preparing for an interview with GlobalFoundries, and I'm curious if anyone here has information regarding whether GF offers an Employee Stock Purchase Plan (ESPP). I'm keen to understand more about their benefits package and any... — read more 

A poster claimed company about paid down voting. I do not usually post on these sites but needed co comment. I an a front end fab tech in fab 9 and have a close relationship with my manager. I mentioned this website and he said he knows, HR has... — read more 

GlobalFoundries' flaunting of awards like the 'Handshake Award' and 'Workforce Innovation Award' raises questions about their true significance in a landscape devoid of comparable competition. A conversation with the CEO, emphasizing the need for... — read more 

Welcome Mr Hollister direct from Silicon Labs!! Looks like he will fit right in with the SLT who are devaluing the company. Great pick TC..way to go! Silicon Labs quarterly revenue declined 24.5% year over year to $203.8 million, translating to... — read more 

D-day tomorrow 12/12-12/13 in fab 9. Back end At least that's the current rumor Low moral and quiet. Hope this is just a rumor.

IBM, Micron to headline $10 billion chip research program in Albany New York will pitch in $1 billion to build NanoFab Reflection and equip it with new lithography machine used to print circuits By Larry Rulison Dec 11... — read more 

Each all hands those group photos there are getting bigger and bigger.

Broadcom, Qualcomm, OnSemi all announced major USA layoffs in the last couple months. Have to assume Malta and Burlington are next.

I work in HR and had meetings this week about the upcoming headcount reduction. I got hired to help people not executives, I honestly don't care about the NDA they made me sign. Here is what I can tell you without giving away my... — read more