High attrition = second factory
If the news is correct it seems there is a big disconnect in the priorities at top level
https://www.timesunion.com/business/article/GlobalFoundries-to-show-plans-for-new-factory-in-17127828.php
https://www.bizjournals.com/albany/news/2022/04/28/globalfoundries-expansion-would-add-nine-buildings.html
If attrition keeps going the way it’s going you will have no trouble at all finding a parking spot
the only thing I'm concerned about with relation to this news is parking. Are they really building on the lots in front of Admin 2?
We all know that the unloading of stocks just started and the cronies cannot throw all at once to preserve the fake value of GFS.
But announcing more fake news like new fabs, explosive growth or breakthrough in yield, many clueless retail investors will jump in on 10th May and that would be the time for the cronies to enrich themselves.
I do hope lightning strikes all of them and the SEC steps in with lawsuits and jail time if this happens.
Yea… I noticed this too. They are going to build these fabs but have no one to work in them…… he-l if it keeps going in direction it is they won’t be able to staff the original fabs…
It looks like media/market manipulation. Like everything is great look we are expanding. Also it’s keeping up with everyone who is legitimately expanding. He-l just in news yesterday Samsung and tsmc are building in India. GF is so far behind and out of sync with rest of industry tripping at nearly every turn while others are soaring.
But I bet ….. an announcement in next 6 months …building of this fab will be delayed again for some reason or another (which they know right now)….. it’s just a press marketing move right before earnings call on may 10th