More GF investment but not for US workers. Thanks Tom https://www.bloomberg.com/news/articles/2023-09-28/globalfoundries-to-invest-8-billion-in-dresden-plant-hb-says

Malta is an unsafe environment. It also maintains a toxic culture. https://www.timesunion.com/business/article/globalfoundries-fined-22k-worker-electrocuted-18389091.php

Hi fab 9ers in Malta we are hearing rumors that Jack Chen is there with HR rep in tow having meetings about saying byby to test. Any truth to these rumors???

More US jobs will be eliminated. Thanks Tom! https://www.freemalaysiatoday.com/category/business/2023/09/26/globalfoundries-to-remote-control-factories-worldwide-from-new-penang-facility/

New DOD contract and understaffed post layoffs and attrition. Have fun bringing those tools out of idle boys... lol

TB taking over for COO, fabs should get ready

Any news on layoffs for Q4 23?

It's been about 9 months since I departed GF. Laid off back in December with a decent package. I was lucky and found another job in the Albany area rather quickly and life has gone on. Decided to come back here and see what's going on these days with... — read more 

GF is nearing its end. No cutting edge tech to support, empty fabs and incompetent management team who are rotten and failed guys. I am leaving this place finally next week. So happy.

https://www.msn.com/en-us/money/companies/uaw-strike-2023-against-detroit-automakers-live-updates-news-from-the-picket-sites/ar-AA1gKrbd

https://www.reuters.com/technology/globalfoundries-opens-4-billion-singapore-fabrication-plant-2023-09-12/

(From nlrb.gov) Examples of employer conduct that violates the law: Threatening employees with loss of jobs or benefits if they join or vote for a union or engage in protected concerted activity. Threatening to close the plant if employees... — read more 

With compute and mobile in slowdown, GF is already dying. Recent SMIC news is last nail in GF’s coffin. It was hard for GF to survive after it’s decision to pivot.

From what I'm seeing in organizations around me the attrition seems to be at an all-time high here at GF. The HR puppet can try to massage the numbers previously and use some four-year average which was the best data she could find but I'm betting... — read more 

GF pivoted 5 years ago, and has been downhill since. Lost good people, lost some operations, lost big customers, and failed with derivatives play. Yes but it was able to carry out DEI, advance many women to senior leadership roles, maintain the same... — read more 

Instead of stepping up to the challenge, GF is crying to the German Government. Seems as if Germany is getting behind and subsidizing TSMC for a new Fab. “ The situation has led Globalfoundries to register its concerns with the EU Commission. The... — read more 

The big question is where does GF go moving into the future in terms of strategic direction to increase revenue and gross margins to allow for increased development investment? The current technology roadmap has nothing novel in it to differentiate... — read more 

I did an analysis for myself about GF's future and whether I will stay or go that I would like to share. Thinking fab by fab here: Fab 1: Dresden 300mm fab. Nothing new being developed, 28BCDL on and off hold, 22FDX has limited customer base... — read more 

Is it considered IPO failure?

Go figure. Who cares about GF anymore. Let us make money while it us in death bed.

Taiwan Semiconductor Manufacturing Co (TSMC) said on Tuesday that its board had approved a 3.5-billion euro ($3.8 billion) investment for the construction of its first European factory, in Germany. The world's largest contract chipmaker, TSMC has... — read more 

This quarterly is going to be decisive as this could mean end of GF.

https://finance.yahoo.com/news/7-chip-stocks-sell-nvidia-003634014.html Globalfoundries (NASDAQ:GFS) is also one of the top chip stocks to sell.

How many of us think that GF will not survive this slump and file bankruptcy?

GF looking to expand anywhere but the US.. And they got their hand... — read more 

Last I checked IBM was still collaborating with Japanese firm to build 3nm.

https://finance.yahoo.com/news/globalfoundries-inc-nasdaq-gfs-shares-191247483.html

This is indeed time to get out of GF to help GF. Trust me. Let us lighten the sinking GF boat. Many are already.

Everyone I know who left voluntarily or via layoff are doing really well.

I wish I was more optimistic, but it doesn't seem to me that GF has any clear strategy for the future. I think if you were to ask the employees what they think about the future of this place, the answers would be overwhelmingly dismal.

In Malta a group of 300 employees are planning a walkout at 10am. We will simply stop our duties and head to the entrance gate and begin our strike. This has gone to far and it's time to take a stand.

GlobalFoundries has criticised subsidies that Berlin is preparing to offer the US chipmaker’s bigger Taiwanese rival TSMC for a planned plant in the east German city of Dresden. Thomas Caulfield, GlobalFoundries’ chief executive, told the Financial... — read more 

Nothing seems right Attrition at its peak Terrible leadership at every position Loading sinking fast Issues taking forever to solve Stock prices sinking

I don't believe there are many here who still trust this leadership and have faith that they know what they are doing. It seems like the company has lost direction, doesn't it? I don't know if I'm more frustrated or saddened by what's happened to... — read more 

With the financials plummeting and a technology roadmap which has near zero differentiation where does GF go from here? At this point GF is just a company falling further and further behind our competition in terms of technology portfolio, revenue... — read more 

Seems we are seeing last batch of remaining talents moving in mass to IBM and Wolfspeed. This is not surprising as GF really does not need talent. New engineers from local state university should do the job well. What is worrying is that even local... — read more