Thread regarding GlobalFoundries layoffs

@ Sunny/warm vs Rainy
Glassdoor, that site is completely overrun with GF HR who require the new hires on the team to post fake reviews. How desperate.

Hey @11l8WfgA-3bxn, yeah, good advice but it is missing the point. GF is doing all they can to make senior people unhappy to work there. I am guessing it is due to cost cutting and getting cheap NCGs and FIGs to replace them. They are not interested in making a good company for employees, just getting the cost cuts in to appease upper management. I heard from multiple people before I left that they actually got emails from the little big man on how they were behind on their cost cutting activity and it was crucial to get it closed by the end of the year. Talk about intimidation!

If you are happy, then you are likely either a manager, a non-engineering person or an "indentured servant" waiting for your green card. If GF is so great, why is this board and glassdoor filled with negative views of management.

The economy is good. There is no reason for anyone to be not happy at GF. if you do not want to work at GF move on. The company does not want you. I think all the not happy people do not have any skills to work at a job that need a good performer. They complain at GF and do nothing for good pay.

AMD's transitioning away from 14LPP anyway. As they move forward and do not need the chips from GF, GF isn't going to be able to make up that revenue stream, and they will cease to exist. Why do you think all the senior technical staff are leaving? I'm an engineer, not a business person, and yet I know that with no new developments that are in demand by major customers, GF's got nothing for the future. Then there's their reputation, which isn't doing them any favours. GF has tried to rebrand as a niche player, but the thing is there's no niche for them. The best hope for all left at GF is that someone buys the plant, but that probably won't happen until a liquidation after lots of job losses. To those who've stayed, sorry mates, but the handwriting's been on the wall for some time now.

I just think it's ironic that GF failed on their own to even develop the 14 nm process. They failed and flailed to do this on their own. Then they tucked their tail between their legs and went to Samsung to purchase a working process. I'm assuming this is the highest revenue process at GF. The 14 nm AMD processors that are shipping in high volume from Malta. Soon to slow down considerably as the 7 nm ramps up big time at TSMC.

Then you go and sue someone that has actually been able to develop several working process nodes on their own. I'm someone that respects the capability to do things right. I think the only reason GF has patents is because IBM paid GF 1.5 billion to take all the failed fabs off their hands. IBM did make several semi innovations over the years. I assume these IBM patents are the ones being sued over? https://www.globalfoundries.com/news-events/press-releases/globalfoundries-completes-acquisition-of-ibm-microelectronics-business. That's the funniest thing I've ever heard of in my life. A company pays another company 1.5 Billion dollars to take a biz off of their hands.

Because before IBM they couldn't even design one node from scratch. Oh, and after IBM they failed and floundered on 7nm. Instead of buying from Samsung again, they gave up and pivoted.

The end is near for the GloFo. I'm sure the prince is close to doing a full cut off of any extra dollars.

the one with the deepest pocket will win... this counter sue will drain GF dry... good luck

GF sought import bans, not an injunction to halt manufacturing of products involving patent infringement by TSMC. Sure, an import ban would be a blow to TSMC, but we're not in Fantasyland where GF's desired import ban will ever happen. I highly doubt the courts will agree with TSMC's request for an injunction against GF either, but it is a legal threat serious enough that it would have to be reported in the financial statements if GF were publicly traded, so it's not an insignificant concern. As an analyst who covered semiconductor for decades, if it's of concern to investors, it's of concern to customers, both current and potential. My opinion is that the young man suggesting GF's legal woes could cause customer loss is correct. This is GF's attempt to get cross-licensing from TSMC, and this is TSMC's attempt to run the clock on GF. AMD has suggested no future plans for using GF past the current wafer sourcing agreement, so GF's overwhelming revenue stream has an end date. If the lawsuit prevents GF from securing replacement customers and new revenue streams, GF will have a hard time existing in a few years. I am guessing McKinsey is providing consulting services to GF from your repeated mention of them. I have no idea where this decision to engage in a legal battle with TSMC originated, but it certainly didn't come from anyone experienced in dealing with companies like TSMC. This is as much a PR battle as it is a legal one, and TSMC knows to highlight GF's vulnerability here. TSMC can weather this. GF cannot.

NoMoGloFo - Your GF "can't-let-it-go" syndrome is showing.

By your own logic, GF ALREADY won their lawsuit by seeking injunctions against ALL TSMC products that are 28nm or smaller which basically neuters all of their moneymaking fabs in Taiwan. TSMC filed the same suit as GF, so why in one case would a judge shut down GF and keep TSMC lines "rolling" but not the other? Also, AMD's 14LPP designs are not compatible with TSMC, so they are going to redesign a bunch of older generation parts "just in case". They are not going to amend the wafer agreement and no judge is going to shut down either company's manufacturing facility based upon these lawsuits. There is no historical precedence. These both are just nuisance suits originating from a poor decision by McK trying to impress the Prince for more business.

TSMC has already won their lawsuit simply by seeking an injunction against GF manufacturing basically everything at Malta and Dresden. If you are in need of semiconductors, who will you contract with? The company whose lines could be halted by a judge, or one who will keep your product rolling? I am sure AMD will look for a way to buy out the wafer agreement with GF as a result of this. There goes GF's biggest customer and only real revenue source, and so there goes GF as well. Then it's GF didn't go out of business because they were a terrible company, it was all foreign competition, unfair trade, yadda yadda yadda.

I think this is a last ditch effort to get TSMC to buy GF. Don't they still operate a fab in Washington, the state not DC. GF is probably looking to push TSMC into buying them with "it's cheaper to buy than pay lawyers". I could see TSMC doing it, if only to get good PR by making some stuff in the US. However, they're going to be ruthless AF when cleaning house. My brother works for a Chinese auto parts manufacturer and they won't tolerate the sh.. that goes on at GF now. Current Management will be 100 percent gone, and probably 70 percent of the employees too. Pay will be cut too. Get ready GloFoers. The gravy train is stopping.

Why isn't anyone posting this?

No one really cares about this type of news, only when GF will sell off its remaining fabs or end. Employees and vendors alike want to know when they should abandon ship. Probably that time has already passed.

Well, GF spent like crazy on everything like there is no tomorrow. All the procurements, all the people, hundreds of millions of stupid R&D that went nowhere, EUV tools that became a liability even before they were started, army of thousands of people, top heavy management full of directors, VPs, lavish travels by them all over the world. This spending is never mentioned in town halls. Books are tightly closed. In all the re-org they are doing, nothing is going to happen to the gang at the top. They are changing department names and shuffling people, but have no idea of who is doing what.

I agree with a couple of the posters there that this ridiculous suit is driven by McK. TC was almost apologetic when he sent out his message on the suit.

McKonsultants are likely to get a big chunk of the cheese if anything comes of the suit. It's a win-win for them, they appease Mubadala with some sort of alternate income stream and if any of it pans out, they make some money. There is really no downside for them, if GF loses customers, it will be the market or technology's fault, not PR because of the suit. Some Ivy leaguer MBAs, who know nothing about the semi industry, are hoping for a big fat bonus check that will likely never come.

Several years ago, GF spent $$ like crazy on getting patents. Engineers were encouraged to patent any ideas. They learned this from IBM. McK would have looked at all the assets to see which ones are generating income, and thought that this patent portfolio is a great asset which should be put to some use before the company is liquidated. GF doesn’t have the stamina to fight this battle.

Nah, TSMC is trying to scare GF into dropping its suit, or paying royalties to TSMC. TSMC has asked for an injunction, which would shut down GF's fabs. That would be the end of GF. TSMC knows GF is running on fumes, so they are playing hardball. GF has no leverage here, and again, this whole suit shows how utterly incompetent and stupid GF management is to pursue this lawsuit folly.

TSMC must have thought GF's suit had some apparent punch then, or they know GF doesn't have the cash to fight a countersuit so they are trying to bleed GF dry. That won't take long, given GF has no major customers and the AMD wafer contract revenue (which GF can't go without) falls each year. My money is on TSMC just wants to hasten GF's demise, not that GF's suit had any merit.

Would a shark argue with a GoldFish ?

GF has cross-licensing agreements with Samsung and AMD, that's why they are not being sued. It's not that hard to figure out.

I think the suits on BOTH parts are ridiculous. I don't know what GF's thinking is behind this suit other than it was pushed by McK to the Prince as another possible (but highly improbable) way to squeeze blood out of the GF turnip. TSMCs countersuit reads like a playground squabble - "I know you are but what am I?" nonsense and then the comment about Morris Chang as some sort of messiah is equally as ridiculous.

Though it should worry everyone that part of TSMC's argument against the suit is that EVERYONE needs them so no action should be taken against them. This is why the foundry market needs more competition, TSMC is basically saying it should be able to get away with anything since they have such a big chunk of the market - ie, they are above the law.