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Chip maker GlobalFoundries carefully considered its 2022 IPO plan

via:cnBeta.COM     time:2019/10/3 2:00:42     readed:843

existAfter breaking up the manufacturing department, GlobalFoundries was founded in 2009 and is now second only to TSMC andSamsungFoundry is the world's third-largest chipmaker. For years, the company has been trying to compete with TSMC and Samsung Foundry for customers such as AMD by providing leading chip manufacturing technology. However, GlobalFoundries replaced equipment in 2018 and abandoned cutting-edge process development such as 7nm to focus on profitable process nodes.

Research and development of cutting-edge manufacturing technology is extremely expensive, and Global Foundries has always been losing money. By switching to expertise, Global Foundries essentially stopped competing with TSMC and Samsung Foundry, focusing on moneymaking projects rather than introducing a new leading process node every two years or so. As part of the restructuring, Global Foudries will have to sell some of its assets, including two wafer factories and Avera Semiconductor, a contract chip designer.

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