@SiliconAsia- I think this comment is off base. ATIC, I believe, doesn't own any of AMD. Mubadala, the Abu Dhabi government invest firm that also owns ATIC, owns a little more than 19 percent of AMD, according Mubadala"s website.
The ATIC deficit of $1.2 billion is cumulative, through its history, since its establishment in 2008.
However, I think we can extrapolate from this report that Globalfoundries has yet to turn a profit. And, like mike655mm, I agree that foundry is a tough business.
I agree with Mike, It looks like ATIC may not be able to recoup the investment for long - ATIC has two investments - 1) AMD and 2) GF. Since AMD actually made some money in 2011, this loss must be coming from GF side only. Imagine GF lost $1.12B out ~$3.5B revenue! This is not sustainable business!
Very interesting insight to ATIC.
BTW, it looks like you have an extra "owned" in the sentence:
"...customers who were previously owned wary of doing business with a foundry partially owned by ..."
NASA's Orion Flight Software Production Systems Manager Darrel G. Raines joins Planet Analog Editor Steve Taranovich and Embedded.com Editor Max Maxfield to talk about embedded flight software used on the Mars on EE Times Radio. Live radio show and live chat. Get your questions ready.