Thread regarding GlobalFoundries layoffs

GF fined for restricted chip export to China

GF fined $500,000 for restricted chip exports to China.

https://www.tomshardware.com/tech-industry/globalfoundries-fined-usd500-000-for-restricted-chip-exports-to-chinese-firm-on-u-s-entity-list-chipmaker-shipped-usd17-million-worth-of-silicon-wafers-to-chinas-sj-semiconductor

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| 511 views | | 2 replies (last November 5, 2024) | Reply
Post ID: @OP+1vlCqx1y

2 replies (most recent on top)

It does feel like a bit of pump and dump stock fraud scheme

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Post ID: @ljf+1vlCqx1y

The next Intel? They ensure that their share price gets a pump before earnings so that the big fish can quickly exit. Once that is done, the share price continues its decay to eventual oblivion. Too many employee bag-holders currently hoping against hope.

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Post ID: @euj+1vlCqx1y

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