Intel Corp (INTC)

[mas]

I don't think Abu Dhabi fully realized what a cutthroat ultra-competitive treadmill business semiconductor foundry work was before they bought AMD's FABs. They bought them just at a point when IBM's technology was about to go through a big fail, 32nm, and G-F has never fully recovered with it now basically having to license Samsung's 14nm technology to be competitive. It has basically been one big money pit which allowed AMD to survive but did very little for Abu Dhabi becoming one of the continuous semiconductor power houses like Intel, Samsung and TSMC as they just don't appear to have the staff to generate leading technology on a consistent profitable basis. Hector Ruiz mugged them good and proper offloading his billion dollar lemons to them before it was apparent how worthless they truly were.