Thread regarding GlobalFoundries layoffs

NEWS - GlobalFoundries delays submitting construction plans for Fab 8.2

https://www.timesunion.com/business/article/GlobalFoundries-delays-submitting-construction-16764636.php

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Post ID: @OP+1eLOAez0

8 replies (most recent on top)

@3ued+1eLOAez0 I believe F8.2 is just hyping up the share price. Once the holding period is done away with, F8.2 will die down or just blame it on the Senate as management would be selling the majority of their share. I believe this is what @1jmo+1eLOAez0 meant with the optics.

Btw, I just don't think Biden regards GF as a true-blue American company when the majority owner is Arab. It is better for Biden to take a gamble and put it on Intel which is still at the forefront (if you think Intel is sh-t, GF is shittier).

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Post ID: @4sfn+1eLOAez0

@3ndh reading between the lines, do you think it gets announced shortly after the 6 month restriciton period (from October 28 2021)? 😂

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Post ID: @3kns+1eLOAez0

If 8.2 ever gets announced , it’s going to result in a offering to raise cash and when a offering happens

What happens to a stock price ?? It tanks

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Post ID: @3ndh+1eLOAez0

I’m not sure what the “optics” advantage would be of promising 8.2 with no intent to deliver- and now that we’re a public company it could be fraud as well.

All this to say- it’s definitely because we’re waiting for government subsidies.

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Post ID: @3ued+1eLOAez0

Ahhhh the old Fab 8.2 story is back. We’ve been hearing about this topic the day Fab 8 opened.

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Post ID: @2bje+1eLOAez0

From the article

"Gov. Hochul has not said how much money she wants to allocate toward the infrastructure improvements, but Luther Forest for instance would need tens of millions of dollars in upgrades to water and electric utilities to allow for a second fab at Luther Forest."

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Post ID: @1plk+1eLOAez0

GF: It's not because we haven't been handed government subsidies
Times Union: It's because they haven't been handed government subsidies

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Post ID: @1bgt+1eLOAez0

read my lips: there is no F8.2, it is just for optics

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Post ID: @1jmo+1eLOAez0

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