“Outsourcing Challenges” == “We screwed up again”.
Highly skilled + talented.
“GlobalFoundries was created with the idea that companies like AMD and IBM could, more cost-effectively, contract out microprocessor manufacturing. Unfortunately, that core assumption now appears to be wrong, which places a significant cloud over GlobalFoundries because it goes to the core of that company’s existence. Given the pandemic has many companies rethinking outsourcing manufacturing, this is yet another indication that, at least for strategic parts, keeping manufacturing in-house may be the more prudent path”.