Lightwave Logic Inc (LWLG)

[MeghanStar]

Are American Chips Really American?

It's news to me. Global foundries is based in Malta but majority owned elsewhere.

"The company based in Malta, New York, and majority-owned by the government of Abu Dhabi, is among semiconductor producers seeking funds from the US government via the $52 billion CHIPS Act to expand domestic chip manufacturing. In planning layoffs and implementing a hiring freeze, GlobalFoundries is joining many of its peers in the broader technology industries."

What else I find bizarre is the fact that GF seeks money to expand chip production while laying off employees. How does one grow by subtraction?

Here is the link.. https://finance.yahoo.com/news/chipmaker-globalfoundries-start-job-cuts-194802805.html

ps fu short scum bags... your phu#$#% ed