3 ms·

Oh wow. Is there a good reason for this?

• snuxoll 11y ago
  Maintaining a fab when you can't justify enough orders for chips to keep it running around the clock is expensive. As part of the spinoff they had penalties because they weren't purchasing enough wafers from GF anyway, but it resulted in less bleeding than owning and managing it as a subsidiary.
• mgo 11y ago
  They're broke and they need at least $750MM to $1B in the bank to operate effectively as a company.