another fab in the sky dream for GF. They are loosing about 30 million a quarter, most of their 8 inch fabs are half or not full. Nobody is buying into the 28nm gate first process. ATIC wants out of this asap, pushing them to go IPO in 2014. So now they are building two fabs worth 12 billion??? Must be the new math.
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....
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.
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?