The foundry spinoff, dubbed GlobalFoundries (Sunnyvale, Calif.), has one 300-mm fab in operation, with another two on the drawing board. The company will compete against other foundry vendors, but the startup has its sights set on market leader Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC).
http://www.eetimes.com/news/se...l;?articleID=215800352
edit: adding this semiconductor international article which delves a little more deeply into the challenges GF has ahead of it.
Joanne Itow, foundry analyst at Semico Research (Phoenix), said GlobalFoundries? strategy is reminiscent of the approach IBM took when it said it would be a major foundry. ?IBM also took a premier customer strategy when IBM first thought it was going to conquer the foundry business,? she said.
IBM?s strategy ran up against what Itow called TSMC?s ?nearly perfect reputation? for serving its customers. She said many foundry customers also find that if they give TSMC nearly all of their wafers, they get ?added benefits? that keep them tied closely to TSMC.
http://www.semiconductor.net/article/CA6641516.html