GloFo + SMIC + UMC

choi

(1) Ron Scherer, Can American Manufacturing Really Be Cornerstone of Economic Revival? For decades, the US manufacturing sector has shriveled, but President Obama now envisions it as an engine of a revived US economy. The basis of his optimism may be hopes for 'advanced' manufacturing. Christian Science Monitor, Feb 8, 2012.
ttp://www.csmonitor.com/USA/Politics/2012/0208/Can-American-manufacturing-really-be-cornerstone-of-economic-revival

(a) The consecutive paragraphs:

"For many displaced workers, all they want is that foot in the door. For example, in Malta, Alexander Nieminski, a US Navy veteran who has been unemployed for a long time, is enrolled in the Hudson Valley Community College to get a degree in semiconductor manufacturing technology. One day in January, he and other students were in a mock 'clean room,' similar to what they would expect to find at GlobalFoundries.

"'No one has guaranteed me anything,' he says while decked out in white clean-room garb from head to toe. 'But there are jobs in the region.'

(b) My comment:
(i) There is no need to read the mediocre report, except the quotation from web page 3.
(ii) Do view the slide show titled "In Pictures: Where the high-tech jobs are."

(2) Larry Rulison, Value of Fab Stake Falls; AMD says GlobalFoundries long-term growth forecast cuts value by 42 percent. Times Union, Jan 25, 2012.
http://www.timesunion.com/busine ... e-falls-2702173.php

Note: Times Union (Albany)
http://en.wikipedia.org/wiki/Times_Union_(Albany)
(founded in 1857; purchased by William Randolph Hearst in 1924)

(3) Jessie Shen, SMIC Posts Larger Loss in 4Q11. DigiTimes, Feb 9, 2012
http://www.digitimes.com/news/a20120209PD205.html
("SMIC saw sales of its 65nm and below processes account for 21.3% of company revenues in the fourth quarter, compared to 19.9% in the previous quarter and 8.6% a year ago")

(4)
(a) Clare Jim, UMC Q4 Net Beats Forecast; Lifts 2012 Capex 25 Percent. Reuters, Feb 8, 2012.
http://www.reuters.com/article/2 ... USTRE8170BR20120208
(b) Paul Mozur and Lorraine Luk, UMC Profit Slumps 82%, Spending Boost Planned. Wall Street Journal Asia, Feb 8, 2012
http://online.wsj.com/article/SB ... 10380273613866.html
("'The fact we can remain profitable in this industry during this time of slow-down shows we are stable and steady,' Chief Executive Sun Shih-wei said at an investor conference")

My comment: There is no need to read the rest of (4)(b), though free.