HSBC says GlobalFoundries (GF) won't be a real factor in the foundry market until 2011. I agree. I am still not convinced about them. Sometimes, I think they are really lost. I am not sure they have made the transition as an IDM under AMD to the pure-play foundry business. They got deep pockets, but they don't have a clue right now. They may figure it -- perhaps sooner than later. But for now, I see red ink and slower-than-expected sales for the foreseeable future.
According to the Albany Business Review GlobalFoundries will hire 185 technicians and engineers this fall as it prepares for the 2012 opening of its $4.2 billion plant in Malta, NY. Read more: http://albany.bizjournals.com/albany/stories/2010/09/06/story3.html