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https://killexams.com/exam_list/FoundryKillexams : Foundry PSMC slashes 2022 capex
Pure-play foundry Powerchip Semiconductor Manufacturing (PSMC), which specializes specialty DRAM, display driver ICs, CMOS image sensors and power management ICs, as well as customized and low-volume chips, has revised downward its capex target for...
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Fri, 14 Oct 2022 02:25:00 -0500entext/htmlhttps://www.digitimes.com/news/a20221014VL205/foundry-psmc-semiconductor.htmlKillexams : Intel Introduces Internal Foundry Model
It is clear Pat Gelsinger is driving – reinstating – a culture of excellence at Intel (NASDAQ:INTC) across the organization. He just introduced the second phase of the IDM 2.0 model: the creation of an internal foundry model.
While interesting, it is not sure what problems this will really solve. In the last few months, Intel has given a masterclass in financial engineering, and this just seems like the next step. If the real engineering is at the same level, then surely Intel will again become the top dog of the semiconductor industry.
A while ago I detailed Intel’s “world-class” financial engineering, as it introduced a novel model for co-financing its expensive semiconductor fabs. Intel will basically get $15B from Brookfield to build a $30B fab (actually two fabs worth $15B), but the catch is that Intel will only own a 51% stake (read: Intel will only receive 51% of the profits from those fabs). Ergo: there is no free lunch. Hence I did not see any investor benefits for this model.
Internal foundry model
The latest Intel press release bombastically states that “Intel embraces an internal foundry model”. However, after studying it, it is actually not really clear what this will really entail, or rather what benefit this would have. That is why I am categorizing this as Intel’s latest stint on the financial engineering side – I wouldn’t be surprised if it was actually the CFO that came up with this. But let’s review what Pat Gelsinger said anyway.
Pat Gelsinger, in what is quite the plot twist, revealed that the IDM 2.0 (integrated device manufacturer) strategy that he introduced last year (see Intel: The Empire Strikes Back) actually contained two distinct phases. The first phase was what was announced back then: the 5 nodes in 4 years (ignoring the first one, it is actually 4 nodes in 2 years). Pat Gelsinger reiterated Intel remains on track to this goal.
The second phase starts “today”, and it is the internal foundry model. This basically means that Intel (its own product lines) will now become an internal customer (internal customers) of its own fabs – it will be just one of the many customers that Intel Foundry Services will begin serving over the next few years. So foundry is now the new IDM.
This is a significant evolution in how we think and operate as a company, but the systems and infrastructure that served us well in the IDM 1.0 world will not enable us to achieve the full potential of IDM 2.0.
The explainer that then follows does not really explain that much, but the usage of “guardrails” that will now exist between the different teams lead me to suggest above that it was perhaps a Dave Zinsner idea. The words that then follow could have equally come from any marketing checklist: address structural inefficiencies, driving accountability and make decisions in real-time. In any case, the point remains that management is now relegating its own design teams to equal footing to its foundry customers (which is actually quite brave and yet again shows the commitment that Intel has made to its foundry business).
To that end, Intel says it will create a foundry accounting model that will bring transparency in things like gross margins, and allows Intel to benchmark itself against other foundries. To do so, it has established an “IDM 2.0 Acceleration Office”, led by the new Chief Business Transformation Officer.
As an example, design teams would be able to consider the impact of running an additional product stepping on their gross margin, while the fab team would be able to assess its factory output. The goal ultimately is to maximize output, reduce costs and shorten design cycles.
Ultimately, the internal foundry model does seem a bit like an exercise in futility. What matters at the end of the day is if the process technology roadmap remains on schedule (which it is), if it can attain high yield (remains to be seen) and whether the products that actually drive Intel’s revenue will use this technology from day 1 when it is ready (no Sapphire Rapids situations).
Nevertheless, the latest introduction does fit in the theme since Pat Gelsinger became CEO: to restore Intel’s culture of technical excellence. To realize this has required adopting new tools, practices and models – besides just adding sheer new R&D dollars and employees.
Alongside initiatives like the next evolution of our tick-tock model and our Gladius program for driving excellence in product development, embracing an internal foundry model will enable us to deliver the competitive cost structure and predictable cadence of leadership products essential to our success.
During the heydays of Tick-tock, Intel’s process and architecture development teams worked together in unison to establish Intel as the firm driver of Moore’s Law, for well over decade well ahead of any and all competition. So clearly, there is some historical evidence that IDM does work.
To that end, the new “internal foundry model” where Intel will see itself as a foundry customer of its own fabs could perhaps be seen as gimmick. It was just a bit over a month ago with that Brookfield that I thought that was the closest Intel would ever get to spinning off its own fabs, but with this new move Intel has proven me wrong.
In fact, some people may start to speculate that once Intel has for all intents and purposes separated its design and manufacturing teams between this "internal foundry model" wall, nothing would prevent Intel anymore from actually spinning off its fabs. Or its design teams.
Nevertheless, for now this will not change the underlying economics of the company, which as I recently detailed remain unchanged and is the cornerstone of my bullish thesis.
In summary, the success of a semiconductor company can be measured by the transistor density of its process technology (Moore’s Law) in combination with the yield achieved on said technology. Since Intel remains (per Pat Gelsinger) on track to regain industry leadership by 2025, it remains in pole position to become top dog. How it internally cooks up the products ("internal foundry model") that come to market based on this technology is utterly relevant, as long as the products actually come to market.
Wed, 12 Oct 2022 06:46:00 -0500entext/htmlhttps://seekingalpha.com/article/4546197-intel-introduces-internal-foundry-modelKillexams : Grayscale And Foundry Partner To Introduce A Bitcoin Mining Investment Product
BitcoinBTC/USD asset management firm Grayscale announced a new investment product that gives investors exposure to Bitcoin mining equipment.
The fund will generate money to purchase Bitcoin ASIC computers, which Foundry Digital will run to mine and trade Bitcoin for investors.
The Asset Management Firm’s Strategic Mining Play
The goal of Grayscale Digital Infrastructure Opportunities (GDIO) is to provide a revenue stream that stands apart from "conventional income-oriented investments," as stated on the company website.
The company intends to purchase mining equipment, acquire and sell Bitcoin on a daily basis and transfer operational profits to investors once every three months.
“After talking with Mike Colyer [CEO of Foundry] and the Foundry team about crypto winter, we agreed there was an opportunity to connect investors directly with crypto mining,” Grayscale CEO Michael Sonnensheinsaid on Twitter. “GDIO is the result,” he added.
Compared to its all-time high in November 2021, the price of Bitcoin and other major cryptocurrencies has fallen nearly 70%, wiping out billions of dollars of investors' wealth and bankrupting several large firms.
Bitcoin miners were among such businesses, and when the value of Bitcoin dropped, so did their revenues from minting new Bitcoin.
Opportunity To Buy Mining Equipment At A Steep Discount
Since mining is currently less profitable than it was earlier, a key component of GDIO's investment thesis is the chance to purchase Bitcoin mining equipment at deeply discounted prices.
The company is placing a wager that Bitcoin will eventually see a price increase as part of a four-stage mining cycle called the "Rising Bull," "Mining Gold Rush," "Inventory Flush" and "Shakeout."
Grayscale claimed that the mining cycle has now reached the "Inventory Flush" stage, during which the hash rate is still high but the price of Bitcoin has dropped significantly.
The idea stated the ensuing "Shakeout" will result in a decrease in hash rate as miners are compelled to shut down their equipment.
“Historically, deploying capital in a 'Shakeout' phase and exiting in a 'Mining Gold Rush' phase is the most profitable,” the company noted.
Grayscale Holds Nearly $13 Billion Worth of Bitcoin
Grayscale presently controls the world's largest Bitcoin fund, which is in charge of holding more than 600,000 Bitcoin valued at about $12.7 billion.
That is more than 3% of the whole supply on the network.
Through a more conventional investment offering, the fund provides investors with broad exposure to the price of Bitcoin.
The Grayscale Bitcoin TrustGBTC, on the other hand, is now trading at one of its biggest discount rates ever, which means that the value of each share is lower than the value of the underlying Bitcoin it is intended to represent.
‘This will allow us to identify and address structural inefficiencies that exist in our current model by driving accountability and costs back to decision-makers in real time. It will also put Intel’s product groups on a similar footing as external Intel Foundry Services customers and vice versa,’ says Intel CEO Pat Gelsinger in a memo to employees.
Intel CEO Pat Gelsinger Tuesday released a memo sent to company employees in which he outlined plans to create an internal foundry model aimed at external customers and at Intel’s own product lines.
Gelsinger also said the company has created an IDM 2.0 Acceleration Office aimed at bringing the internal foundry model to life.
Intel was not available to provide more information by press time.
A foundry model is a way of bringing a foundry, which is a semiconductor fabrication plant, together with an integrated circuit designer. Typically, these two are separate companies.
The internal foundry model proposed by Gelsinger takes that a step further by laying out how Intel’s foundry business, which is slated to be available to external and Intel semiconductor designer teams, works with Intel design teams.
Under its IDM 2.0 strategy, Santa Clara, Calif.-based Intel is building new manufacturing fabs, expanding its use of external foundries like Taiwan-based TSMC to make chips, and launching its own foundry services business to manufacture chips designed by other companies like Qualcomm.
The second phase of Intel’s IDM 2.0 strategy means embracing an internal foundry model for the company’s external customer commitments and its own product lines alike, Gelsinger said in the memo.
“The systems and infrastructure that served us well in the IDM 1.0 world will not enable us to achieve the full potential of IDM 2.0,” he said.
Implementing an internal foundry model will require Intel to establish consistent processes, systems and guardrails among business unit, design and manufacturing teams, Gelsinger said.
“This will allow us to identify and address structural inefficiencies that exist in our current model by driving accountability and costs back to decision-makers in real time,” he said. “It will also put Intel’s product groups on a similar footing as external Intel Foundry Services customers and vice versa.”
Gelsinger said the internal foundry model would let Intel’s business unit and design teams look at the potential impact on their margins if they run an additional product stepping, while Intel’s manufacturing team could assess requests based on genuine costs and impact on factory output.
“This will provide teams the tools and transparency they need to find the most effective and cost-efficient solutions before implementation in silicon, ultimately helping us maximize factory output, reduce costs and shorten design cycles,” he said.
Intel is also creating a foundry accounting model that includes manufacturing, technology development and Intel Foundry Services, Gelsinger said.
“This will provide us more transparency into our financial execution and will allow us to fully benchmark and drive ourselves to best-in-class foundry performance,” he said.
The IDM 2.0 Acceleration Office, meanwhile, will be under the watch of Stuart Pann, senior vice president of Intel’s Corporate Planning Group. That organization will be in charge of bringing the new internal foundry model to life, Gelsinger said. Pann will take on the role of chief business transformation officer while continuing to lead the Corporate Planning Group.
Joseph F. Kovar is a senior editor and reporter for the storage and the non-tech-focused channel beats for CRN. He keeps readers abreast of the latest issues related to such areas as data life-cycle, business continuity and disaster recovery, and data centers, along with related services and software, while highlighting some of the key trends that impact the IT channel overall. He can be reached at email@example.com.
Tue, 11 Oct 2022 05:14:00 -0500entext/htmlhttps://www.crn.com/news/components-peripherals/intel-idm-2-0-part-2-intel-creates-internal-foundry-modelKillexams : DataTribe Announces Fifth Annual Cybersecurity Start-Up Challenge FinalistsNo result found, try new keyword!"This year's submissions are incredibly impressive, presenting some really innovative cybersecurity and data science ideas," said John Funge, Managing Director of DataTribe. "The three finalists ...Thu, 13 Oct 2022 02:49:00 -0500en-UStext/htmlhttps://www.tmcnet.com/usubmit/-datatribe-announces-fifth-annual-cybersecurity-start-up-challenge-/2022/10/13/9692213.htmKillexams : Red Square and Foundry have joined forces to create Good Giant, the Largest Gaming-focused Creative Agency in the Country
MOBILE, Ala. and RENO, Nev., Oct. 5, 2022 /PRNewswire/ -- With decades of combined experience in integrated advertising, marketing and strategic communications, Nevada-based Foundry and Alabama-based Red Square Agency have merged to create the largest gaming-focused creative agency in the country, Good Giant.
"Good Giant delivers large agency resources, depth of talent and world-class thinking with the service and attentiveness you would expect from a little studio. Because we believe the bigger we get, the smaller we should act," said Rich Sullivan, Good Giant CEO. "It was important to communicate that as we grow, we're still focused on the things that shaped us. By bringing continued success to our clients, we've grown to become leaders in our industry, and we've done it by never losing sight of the good that got us here—good values, good work, good people."
According to Jim Bauserman, Chief Marketing Officer for Good Giant, the new name is the embodiment of what the agency is and what it strives to be.
"Our new name bridges who we are and what we stand for," said Bauserman. "Our clients get all the perks of a large agency with the personal service and attention they'd expect from a smaller shop with something to prove. And for our team, we're still us—good people who are giants in our field striving to make an impact."
Good Foundations. Giant Possibilities.
Red Square Agency was founded by Richard Sullivan, Sr. in 1977 in Mobile, Ala. In the past decade, Red Square has added offices in Chicago and Tulsa, Okla. and accumulated an impressive portfolio of clients. Characterized by rigorous development of brand strategy and whip-smart execution, Red Square has a proven record of cultivating prosperous client relationships with dynamic and creative solutions.
Founded in Reno, Nev. in 1993 by Jim Bauserman, Foundry has represented a diverse portfolio of clients, including gaming titans and non-gaming clients. Underscoring Foundry's success is a deep commitment to results-driven brand-building and integrated marketing that prioritizes passion and strategic thinking.
Good Giant was officially formed on June 10, 2022 in partnership with investment firms Six Pillars Partners and Merit Capital Partners.
Good Giant is a strategic creative agency with offices in Mobile, Ala., Chicago, Reno, Nev. and Tulsa, Okla. More information is at goodgiant.com.
About Good Giant
Good Giant is the country's largest gaming-focused creative agency, formed in 2022 when Nevada-based Foundry and Alabama-based Red Square Agency merged. Good Giant provides comprehensive marketing services with a focus on casino resorts, as well as select brands in consumer packaged goods, finance and tech. Clients include Agua Caliente Casinos, Barracuda Championship PGA TOUR Event, Caesars Entertainment, Cherokee Nation Entertainment, Coeur d'Alene Casino, Flipboard, Foxwoods Resort Casino, Hard Rock Casinos, Hilton Worldwide, Inn of the Mountain Gods, Patreon, Reno Rodeo, Rivers Casinos, SNICKERS and Wind Creek Hospitality.
Wed, 05 Oct 2022 04:19:00 -0500entext/htmlhttps://markets.businessinsider.com/news/stocks/red-square-and-foundry-have-joined-forces-to-create-good-giant-the-largest-gaming-focused-creative-agency-in-the-country-1031785296Killexams : City Foundry STL's delayed movie theater, Alamo Drafthouse, to open in November
Alamo Drafthouse will open its 10-screen movie theater at City Foundry STL in November, officials announced Wednesday.
The Austin-based chain will take up 45,000 square feet on the west side of City Foundry, the Midtown entertainment district at Forest Park Parkway and Vandeventer Avenue. The location, the first in the St. Louis region, also will feature The Big Show, a 66-foot “premium large format” curved screen, according to a release.
City Foundry developer New + Found first announced Alamo Drafthouse as an anchor tenant in 2018 but the project faced delays from the coronavirus pandemic and later a bankruptcy filing. The City Foundry location will be operated, in part, by franchise partners.
“When we sought out tenants for City Foundry STL, we focused on both local and new-to-the-market experiences,” Will Smith, managing director at New + Found, said in a statement. “Alamo Drafthouse was one of the first tenants that we announced to be a part of our community, and we’re thrilled to introduce St. Louis to the new and unique movie-going experience this November.”
City Foundry is a more than $300 million redevelopment of the former Federal-Mogul site. A Puttshack mini golf concept and other retail are slated to join Fresh Thyme grocery at the development. City Foundry’s office component opened in 2020.
A second phase that includes apartments and more office space is under construction.
Wed, 12 Oct 2022 12:51:00 -0500entext/htmlhttps://www.stltoday.com/business/local/city-foundry-stls-delayed-movie-theater-alamo-drafthouse-to-open-in-november/article_b1e339dc-61dc-5163-a562-e813cce0e210.htmlKillexams : Sierra Stages, Miners Foundry present ‘The Marriage of Bette and Boo’
“Because, anytime we can present a play by Christopher Durang, we should,” said Sierra Stages’ Executive Director, Peter Mason. And so it is, that Miners Foundry and Sierra Stages present a studying of “The Marriage of Bette and Boo” in the Osborn/Woods Hall on Wednesday, October 19.
The next installment of Sierra Stages Theater by the Book series, “The Marriage of Bette and Boo” is a tragicomedic romp through the life of one not-so-typical American family. Written by award-winning author Christopher Durang, this play takes the audience on a wild ride into the darkest recesses of marriage while somehow keeping audience members laughing along the way.
“It follows the story of Bette and Boo, as the title says, on their wedding day with their family behind them,” said Sierra Stages Associate Producer and Theater by the Book Managing Director, Michele Nesbit. “The family is the backdrop to all the troubles they will go through, throughout the rest of the play. It laughs at the miseries of life and how family drives that. It basically puts the ‘fun’ back in dysfunction.”
Directed by Ariel Elliott, the play features a cast of ten talented local performers including John Bivens, Chase Coney, Heidi Grass, Laura LeBleu, Hollie Mudd, Kim Wellman, Nadia White, T.E. Wolfe, Scott Young and Paul Micsan.
For Elliott, working with so many actors has been challenging and fun. “My first choices for the cast all said yes, which feels like such a gift,” she said. The play is presented without production elements such as a set or costumes, but will include a prop. “We do have one prop that feels necessary, but it will remain a surprise,” shared Elliott.
“The Marriage of Bette and Boo” is the first of three scheduled Theater by the Book fall readings, when actors take the stage with book in hand to bring compelling plays to life through the power of language alone.
This is the 9th year Sierra Stages and Miners Foundry have teamed up to bring these staged readings to life,and the 37th Theater by the Book studying presented by Sierra Stages. The series continues with “In the Next Room or The Vibrator Play” by Sarah Ruhl on November 16 and followed by Truman Capote’s “A Christmas Memory” December 21.
Source: Miners Foundry
Fri, 14 Oct 2022 10:06:00 -0500en-UStext/htmlhttps://www.theunion.com/entertainment/sierra-stages-miners-foundry-present-the-marriage-of-bette-and-boo/Killexams : Jump on the psychedelic caravan of ZERO at The Miners Foundry
Since the 1980’s , Zero has been entertaining audiences with a unique mixture of jazz, blues, and rock improvision from their strictly musical beginnings to the original vocal songs of today. Experience a musical journey from ballad to rock and roll from this San Francisco musical institution!
Founded over 40 years ago in Marin County, Zero has become a mainstay of the Bay Area music scene, playing iconic venues, from the Great American Music Hall and the Fillmore in San Francisco to the Sweetwater Music Hall in Mill Valley, and touring extensively across the country. This is a band that is not to be missed.
Drummer and co-founder Greg Anton said the band plays on musical chemistry. “Steve and I went into the studio and recorded “Absolute Zero” which turned out to be the basic musical repertoire of our band. I played piano and drums, and he played bass and guitar. It was a lot of fun.”
Shortly after, they added a keyboardist and a bass player and started touring, which they continue to do today. “We are alive and kicking,” Anton said. “We played mostly instrumental compositions for about ten years and then Grateful Dead lyricist Robert Hunter started putting words to our music so we got a singer and what you will see at the Foundry is a mixture of our original songs and a few covers.”
The current rendition of the band is comprised of musicians of great renown. Joining Anton are co-founder Steve Kimock on guitar, Pete Sears on bass , Spencer Burrows on keyboard and vocals and Hadi Al Saadoon on trumpet with Steve Steinberg joining on tenor sax. While the band created strictly instrumental songs for years, the addition of Grateful Dead lyricist Robert Hunter expanded their repertoire that includes nine albums and about 1500 shows. “We got started about 1,500 gigs ago and we are figuring out, “ Kimock joked.
The band is back on tour with a new album “Naught Again” , a 1990’s live recording of 3 nights at the Great American Music Hall remixed for this release.
Don’t miss this opportunity to get your groove on and dance the night away with Zero at Miners Foundry Thursday October 13. Doors open at 7:00 p.m.
Source: The Miners Foundry Cultural Center
Thu, 13 Oct 2022 03:13:00 -0500en-UStext/htmlhttps://www.theunion.com/entertainment/jump-on-the-psychedelic-caravan-of-zero-at-the-miners-foundry/Killexams : Austin-based cinema-eatery opening at City Foundry STL this November
The new theater is the first St. Louis location for the Austin-based cinema-eatery and joins its current 37 locations.
ST. LOUIS — A new and unique movie-going experience is opening up this November at City Foundry STL.
The Alamo Drafthouse combines food and drinks with the movie-going experience all in one place. It also introduces unique programming and high-profile special events.
The new theater is the first St. Louis location for the Austin-based cinema-eatery and joins its current 37 locations.
“When we sought out tenants for City Foundry STL, we focused on both local and new-to-the-market experiences. Alamo Drafthouse was one of the first tenants that we announced to be a part of our community, and we’re thrilled to introduce St. Louis to the new and unique movie-going experience this November,” said Will Smith, managing director at New + Found, the team behind City Foundry. “We’ve welcomed visitors to City Foundry STL to eat at the Food Hall at City Foundry STL, shop our local retailers, and attend our events in our first year. The addition of Alamo Drafthouse City Foundry enhances the experience for families, groups, and those seeking new entertainment options within the St. Louis area.”
Every location has a theme, according to the press release, and the City Foundry will take on the theme of absurdist comedy.
The 45,000-square-foot location will offer 10 screens and 930 luxury recliner seats. Every auditorium will have top-of-the-line digital 4K projection and surround sound systems.
“We’ve had our eye on St. Louis for quite some time, and when we announced we were coming to the area, St. Louisans were thrilled to hear the news,” said Jennifer Johnmeyer, communications director of Alamo Drafthouse Cinema. “We’ve taken special consideration to incorporate aspects of City Foundry STL into the design of the theater, including a large sculpture made with parts of the historic foundry that will sit inside our lobby. There is such a sense of community at City Foundry STL, and we cannot wait to be a part of it.”
The City Foundry STL location will also include the Big Show, a Premium Large Format curved screen measuring at least 66 feet wide. It also is equipped with Dolby Atmos sound, recliner chairs and additional legroom for the optimal viewing experience, according to the press release.
While the location will feature new movies including the release of "Black Panther: Wakanda Forever" and "Avatar: The Way of Water", the cinema is committed to preserving movies on film. They will have a 35mm projector installed allowing original screenings of both classic and contemporary movies, according to the press release.
The Alamo Drafthouse will also feature specialty cocktails and include local breweries, wine and spirits. The menu will also include burgers, pizzas, salads, snacks and desserts including St. Louis favorites gooey butter cake and toasted ravioli.
Find more information about Alamo Drafthouse City Foundry through its website.