The way the economies going, the only companies viable to invest in will be companies like ones that make toothpaste and toilet paper. Commodities
that people need even in the midst of deep economic collaps.
Will the hiring spree of GF come to a halt now with the slew of bad news? Abu Dhabi seems like a strange choice to build a fab. Wouldn't they have to recruit in-mass from other countries if they go ahead and build fab in Abu-Dhabi.
What would anyone put $ in a semiconductor facility these days. Better to invest in something that will make a profit. Follow Abu-Dhabi's lead and by a few entertainment companies with a good library of popular movies...
It was a very good opportunity Abu-Dhabi had but unfortunately the country will have to either wait for that dream to come true it they may completely loose that if the economic conditions still goes worsen.
AMD moving to TSMC for 28 nm APU,shows that GlobalFoundries in which they have 11% voting rights is not fit for 28 nm process node. Need of hour for GF is to first fix their existing process to be competitive rather than opening new shops.