GF announced they were building a $2b development center and a fab "when they are ready". If this is so bad for Intel, what process is GF going to use? They don't say. When will it be built? Real soon.
Manocha, speaking at an event at the College of Nanoscale Science and Engineering at the University at Albany, said that GlobalFoundries was “committed to New York state,” and that the company would move ahead with the $10 billion Fab 8.2, as he called it, “when we are ready.”
I red the "blurb" and could not find a time line for the $10 billion fab either.
GF is in trouble IMHO due to large exposure to AMD and if I recall correctly GF had lay offs in S'pore (ex Charter fab perhaps)....
Nov 30, 2012 – GlobalFoundries' plans to layoff 300 workers in Singapore won't impact its operations in Malta, New York, a company spokesman told....
GF too was hoping for Apple business but it looks TSMC has been selected and AMD cut back/paid GF money for taking less wafers.
Samsung is OK because of captibe business - that leaves GF most vulnerable.
And than there is talk about GF IPO and hoping to break even by 2015(?)
Personally I think it's absolutely crazy that all (top notch) fabless US chip makers depend on this tiny island - one tsunami could cripple everything.
So I think there is really a need for a financially and technical strong US foundry but try this to explain to an oxymoron like GS Covello who seems to be more or less brain dead.
And I think Apple is crazy for not hedging by using Intel chips at least for some products.
But Apple was dumb enough to give all chip business AP, NAND , LPDRAM and display to Samsung. So Apple is learning it the hard way.
Apple and Samsung US (staffed with US engineers and techs) probably worked out very well -
sometimes things like communication (in English) can become a problem.