They didn't, they simply sold off their fabs to a bunch of hedge funds and it became GlobalFoundries. It's still around, produces chips in the US, and was given

They didn't, they simply sold off their fabs to a bunch of hedge funds and it became GlobalFoundries. It's still around, produces chips in the US, and was given a big defense contract just last year: https://gf.com/gf-press-release/u-s-government-awards-globalfoundries-new-3-1-billion-10-year-contract-for-secure-chip-manufacturing/ https://gf.com/gf-press-release/u-s-government-awards-global...