Foundries
The fabs. Whoever prints the silicon.
The metrics
- Posture
- expanding — 1 of 4 (expanding 1 · hedging 1 · retrenching 1 · consolidating 1) 4 members →
- Capital · available
- across 4 members — open each for the figure + sources 4 members →
- Capital · operating
- across 4 members — open each for the figure + sources 4 members →
- Capital · deployed
- across 4 members — open each for the figure + sources 4 members →
- Capital · in
- across 4 members — open each for the figure + sources 4 members →
- Capital · out
- across 4 members — open each for the figure + sources 4 members →
- Optionality
- across 4 members — open each for the figure + sources 4 members →
- Gravity
- across 4 members — open each for the figure + sources 4 members →
What's new this week
- The Media Line's headline reported Intel is poised to buy Israel's Classiq for a record $2.3 billion in a quantum exit (Oct 27) — Headline-only: whether the deal was confirmed, and its terms and timing, were not read. (Google News, The Media Line)
Members 4
capital ~$200B+ commandable/12mo (~$119B cash+mkt-securities Jun-2026 + ~$89B/yr operating cash flow, self-funded; + …
- opt
- mixed — FCF-free but a rising slice locked to the forced …
- grav
- ~$150B/yr GROSS foundry revenue atop multi-trillion …
New 10-01: A BIGGER TEXAS BET UNDER STUDY. Bloomberg reported TSMC is weighing a multi-fab campus in Texas, each plant costing at least …
capital ~$150B+ commandable/12mo ($98B cash Mar-2026 group + ~$50-60B/yr operating cash flow)
- opt
- constrained — chaebol Lee-family control; HBM-vs-foundry …
- grav
- ~$220.7B/yr GROSS group revenue; foundry slice small …
New 09-28: with five affiliates, committed $1B to KKR's Helix Digital Infrastructure, an AI-infrastructure company tied to Nvidia. New …
capital ~$45B/12mo but consumed ($29.7B cash+STI + ~$14.9B/yr operating cash flow eaten by capex, net -$11.2B TTM); US …
- opt
- locked/constrained — turnaround (24k layoffs, DE/PL fabs …
- grav
- ~$53B/yr GROSS revenue; external foundry gravity tiny, …
New 08-28: the 14A process posted its first real defect-density and yield data point, filling a gap this map had explicitly named as missing …
capital ~$5B/12mo organic ($3B cash + ~$1.9B/yr operating cash flow; + CHIPS ~$2.175B incl. two new gov-equity stakes …
- opt
- mixed — self-funded but Mubadala 73% directs
- grav
- ~$6.84B/yr GROSS — specialty/mature nodes for …
Mubadala controls 73% (trimmed from 82%, May 2026) — specialty/mature-node foundry, trusted supplier to auto/defense/RF.