I think everyone is missing the NY State advantage of IBM support in technology, as finfet's of all kinds evolve. These are automated factories, with automated design tools, and a few highly paid process integration engineers might prefer living in New England vs Abu Dhabi or Dresden. And they have Bay Area presence as well. Intel has proven that US is safer for manufacturing as long as its highly automated. Just my opinion.
There is a big difference between building, running, and keeping advancements up on a leading edge FAB versus many other industries. 5 years is not nearly enough to develop enough indiginous knoewledge for that to happen not to mention in 5 years it is becoming obsolete and who advances it to stay competitive?
GF will lose $$$ billions more in NY. Might as well lose the money in Abu Dhabi and get the Emiratis some real experience with this industry. Every year delayed is another year without progress and additional billions spent / lost in foreign lands. Get some top expats & partner with Emirati, with few exceptions after 5 years expat goes home & Emirati runs the show.
What is GF's exposure to AMD?
70% ...80% of total sales ?
GF is NOT a foundry in the sense of TSMC - it's the ex AMD (IDM) manufacturing operation - now called "foundry".
To make matters worse AMD pays GF money to get out of contracts while still procuring wafers from TSMC....