http://www.eetimes.com/news/latest/showA...


In regards to PDFS, you can draw pro's and con's from this article. In my biased opinion, the pro's outweigh the con's. As long as PDFS continues to demonstrate value with one or more of the "big guys", industry trends should play to their strengths. The following two quotes from the article describe it best:

''The expense of developing and implementing next-generation processes for a variety of technologies is rising rapidly. The only way to be a leader and outperform the market is to stay at the cutting edge of semiconductor process development. Only companies with sufficient size can support these costs," according to the iSuppli analyst.

''In the past, some foundries have found success by focusing on low-cost manufacturing, trailing behind the process migrations of the most advanced players,'' Jelinek noted. ''However, this so-called 'fast-follower' strategy no longer is a route to success amid slowing market success. In fact, the fast-follower strategy now serves only as a route to the fringes of the semiconductor manufacturing business.''

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If I could, I would bold "cutting edge of process development" and "Only companies with sufficient size can support these costs". If you believe this, it bodes well for their gain-share business.