It could be, but on the other hand it could be freaking fantastic, too. The only way we'd know
if they've fucking did it, which is my point.
Since it didn't happen, the only thing we know is what they said and they said it was because of "strategic shift"
> Tom Caulfield also mentioned GF needed $3 billion dollars of additional capital to get to 12,000 wpm and they could only fund half of it through cash flow, they would have to borrow the other half and the projected return wasn’t good.
> When Tom took over as CEO he went out on the road and visited GF’s customers. What he found was a lack of commitment to GF’s 7 nm process in the customer base. Many customers were never going to go to 7 nm and of the customers who were, GF wouldn’t have enough capacity to meet their demands. There was also concern in the customer base that 7 nm would take up all the R&D and capital budgets and starve the other processes they wanted to use of investment.
(https://semiwiki.com/wikis/company-wikis/globalfoundries-wik...)
