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 foundry
RIP GF. Hope you get bought with all your sh-t leaders soon so that your remains could be utilized for manufacturing in states. Otherwise do not see future here
"The use of EBITDA as a measure of financial health made these firms look attractive. Likewise, EBITDA numbers are easy to manipulate. If fraudulent accounting techniques are used to inflate revenues while interest, taxes, depreciation, and amortization are taken out of the equation, almost any company could look great."
Come on but for SiPh they gave the guy the first 50k award for all the patents and the money he made with the patents.
When they started using EBITDA as a key highlight metric it was a wrap- game over.
I disagree. GF was never alive, it was a stillborn company. One can't price compete with Asia on commodity nodes, you have to have a strong development pipeline of special technology. The problem is, the entire technical "leadership" is incapable of driving technology forward. They select loyal people instead of competent and capable ones. It's almost comical to see the worst engineers get promoted to management.
Malta never developed anything, and it never will now, the time and money are running out. They have 1-2 years left tops.
You reap what you sow.
Future technologies will likely need to be licensed or become a second source of technologies for customer engagements that demand it.
GF was always late to the party. Nothing was ever planned. Poor direction poor leadership. But at least everyone is a yes man or woman with a good attitude.
GF has always had horrible leadership especially in tech dev, the track record is very clear. 20nm when they cancelled it almost bankrupted AMD at the time. Then they could not develop 14nm on their own, so they have to buy it from Samsung, of course the technology they bought was not competitive and needed to basically be redone, this was a horrible financial investment. Then GF buys IBM to get 7nm, of course 7nm at IBM was well underfunded and way behind schedule, finally GF put a nail in that coffin but now faces a lawsuit for not fulfilling their manufacturing responsibilities. Every new technology GF fails at, SiPh is another prime example of being very late and not meeting performance targets. IBM set GF up with a huge leadership position in RF-SOI but GF dropped the ball in 9SW and is now playing catch-up to UMC/TSMC. 22FDX has been the only technology which was successfully developed at GF. When you look at the overall track record of technology development at GF, it would receive somewhere around a "D" or "D-" for a grade, the only thing preventing an "F" would be 22FDX. Tech dev leadership has been a revolving door, the current leadership has no vision and overall, the company is under investing in R&D of new techs. GF isn't dead yet but with the current leadership and lack of investment compared to UMC and TSMC they are leading the company off a cliff and the results won't end up well. Best case scenario is Intel buys GF, gets rid of all the senior management and does things the right way finally in tech dev. A GF and Intel marriage if managed correctly could enable Intel Foundry Services to become a formidable competitor to TSMC, of course the right leadership would need to be in place to enable success.