https://www.bizjournals.com/albany/news/2022/05/02/globalfoundries-wins-department-defense-contract.html
The contract award might be true but it is not because of the contract that 45 nm will move to Malta but mainly because of EFK being sold to onsemi. Why can’t they just say what it is, constantly twisting things. Do they think the investors are going to buy their version? Investors know every damn thing they talk to customers as well
TC and Mubadala placed an expiry date on the company so that they can cash out profitably by 2022. Fab1 and Fab8 have been bleeding since day one and don’t tell me Fab8 is very profitable today. No way the company can survive even with 5nm or 3nm.
I was thinking about this pivot the other day.
While it made sense at the time and in the short term to make GF profitable, etc.
It effectively put an expiration date on the company. Sure there will always be a market for this older technologies, but every year it will dwindle to less and less.
How long can GF go on milking these older techs? I have seen nothing about bringing in and starting up newer techs (newer then what we make now).
If an another industry does their own pivot (say automotive) to different tech node we will absolutely be decimated because we put all our eggs in one old basket. It’s not s matter of if that happens, but when and I have seen no plans or movement to give us the flexibility to pivot again if the need or times comes.
This really bothers me in that I have seen us or the leaders been absolutely dead wrong predicting customer needs and demands multiple times. Where we go very hard a certain design or feature being told 80% of the market is asking for it. Tremendous resources, time and effort are spent brining it up and qualifying it so it’s available to our customer base. Many other great things are out right dropped to focus on this feature/product. Only to find out after it all said and done and ready that actually only 5% of market wants it and 30% wants what we dropped to make the first thing happen. I have seen those forecasting misstep happen at least half dozen times in a few years. (Bad analysts and leadership??)
I guess my point or question is the pivot does but a life expectancy on us. Any idea how long? With no truly new things on horizon and we keep squeezing blood from old tech stones milking them dry. When does the downside of the pivot kick in.
Sooo cancled 7nm and go 45 nm instead? Now thats a pivot!
Hahaha right before the First Quarter 2022 Financial Results on may 10th. Hahaha so pathetically transparent.
I bet there is at least one more bs press release before then. Some story that is spun but truth of it is not as being portrayed in the news article.
My management chain does this too …. They are spin doctors - but frequently spin themselves into corners that contradict one of their initial spins.
Found the original article of onsemi dealhttps://www.tomshardware.com/news/globalfoundries-on-semiconductor-fab-sale,39158.html
They think everyone forgot about it
Here is the same news without numbers in February https://www.datacenterdynamics.com/en/news/us-department-defense-partners-globalfoundries-45nm-domestic-chip-partnership/
I remember a decade ago I used to work in a group and used to think that I was going working on the greatest thing ever until I changed companies and realized that there are much more things outside. I think GF is living in that silo where they think they because they went IPO, they think they can talk shut and everyone will believe. What they don’t realize is that they are the ones looking bad in all of this. It’s time they grow as TC used to say before going IPO that we have grown and now it’s time to show the world that we have grown and can be independent. Total BS and the marketing lady is so full of sh-t as well.
Haha yo great analysis!
Timing too….. right before earnings call
Again it’s spin
Good catch !