[xenadu02]

It does mean GF is on the path to long slow decline. The decision was not "we will wait 5-10 years" but "we will not develop any new processes".

I don't fault them for failing to predict the chip shortage and huge opportunity to acquire customers that would result. The fact remains: they will eventually fade away.

[kragen]

Yeah, that was my reading at the time. But lots of companies have gone that direction, closing down major lines of business because they couldn't make money at them anymore. I mean, you probably remember this, but IBM used to make computers. Intel started out making RAM. HP used to make working products.