GF's stock and market cap continues to shrink. The analysts finally caught on to the same BS story TC continued to give as CEO, they bought the story long enough for TC and DR (former CFO) to cash in a bunch of their stock at higher prices. So where does GF go now? At around $35/share their market cap would be like $17.5B. Intel offered $25B before the IPO, Mubadala is probably wishing they took that deal now. Let's be honest, GF SLT is like a retread tire, they landed here because nobody else wanted them, none of them were really successful elsewhere. So, what is the solution? The only solution in my opinion is hoping the US govt gets involved, redirects most of the US mfg chips bill dollars to Intel. Intel then spins off foundry as separate company and then with govt funding buys GF and makes them a US owned company. Get rid of all the GF SLT, bring in a totally new set of execs for the combined company and climb the mountain of making Intel Foundry a great company that can battle TSMC. TSMC is good at mfg ramping, but they aren't great at R&D, the engineering staff is technically much stronger and brighter in the US. Intel and IBM were way ahead of TSMC in the past. If things are done right Intel foundry could jump past TSMC for technology competitiveness. However, when the US gov't can't even stay open, the probability of them putting together a smart Chips Bill is very unlikely. I see this scenario as the only way out for GF, otherwise the ship will just continue to sink and eventually submerge!!
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@2gq There are more HR people than R&D who can fire employees anytime. FIRE!!!!
@je R&D was successfully replaced by O&O: Outsourcing and Offshoring.
Thought they have a new set of execs, all ex-TI?
They need to revamp the leadership big time
@k0 TSMC got a big leap when IBM did layoff and TSMC came to IBM East Fishkill recruiting PhDs, to get an interview prerequisite was a PhD.
@je .... if you look back around 10nm or 12nm Intel was leading TSMC by 1-2 nodes, 3 year gap or more, even IBM was a half node to 1 node ahead of TSMC. TSMC is great at ramping mfg which is what matters at the end of the day. However, compared to Intel and IBM, TSMC lags these companies in terms of innovation. Now just imagine if Intel and IBM teamed up one day to make Semis great in the US, the combination would leave TSMC way behind, look at who owns all the key patents today, it isn't TSMC. If the focus was right and Albany NY was really focused on for leading CMOS by govt funding, get IBM and Intel working together and then the technology transfers to Intel's fabs that would give the US leadership. Then GF comes into Intel Foundry and rounds out the portfolio with RF, BCD and Photonic techs. This three-way collaboration in R&D and Intel/GF merger could really make a strong foundry ecosystem for the US and put the US in a leadership position. But someone inside the US govt would need to have such a vision, not really complicated but neither are many issues the US govt is failing at today. The first version of the US Chips bill was a total disaster, let's hope something in the future makes much more sense and moves things forward. We can always dream big!!
It sounds like a "good plan". But it also sounds cocky to judge that TSMC is not great at R&D. And how about our own R&D?
This seems like a viable route. Over the next 3 years it seems we are attempting to make ourselves look as financially attractive as possible (from COGS perspective).