Tbh $XFAB lowkey reminds me of early $TSEM.
Just sub <$2B MC.
You basically never find a company with $NVDA and $NOK actively validating your pre-commercial silicon photonics foundry… (photonixFAB)
While getting CHIPS act/Gov grants to subsidize capex.
While leading the Europe���s effort to build a photonics supply chain.
Feels like that alone would justify valuations… but you get the power semi SiC/GaN operations for free too and all its assets.
CHIPS act 2 is coming out tomorrow, and $XFAB is listed in the photonics blueprints.
Did I miss something?
Or did markets miss something?