Just noticed that GF has sold Fab10 in New York toON semi, while the new 300mm fab in Singapore will make up the capacity with more specific are focus, also I think running fab in Singapore will making more profits than in US especially city like New York, with lower labour cost and taxes, etc...
Therefore I think this is good for both of the two companies, one can have more cost effectiveness without affecting capacity, another can have its own 300mm fab.
$GLOBALFOUNDRIES Inc.(GFS)$$ON Semiconductor(ON)$
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old news GFS FAB 8 and 10 are ramping up in US . NewFAB 7H is still building up. Orders are coming in heavily, revenues exceed above estimates.