Globalfoundries CEO has called last quarter a "remarkable quarter," stating that Globalfoundries is back on track to "keep the momentum going," after a rough 12 months.

Globalfoundries' new fab in upstate New York is expected to ramp up 20nm tech in June, with Globalfoundries expected to spend more than $3 billion in capital expenditures this year alone. Last year, GloFo spent $5 billion on capex, so $3 billion doesn't seem as much now.

GloFo's Dresden-based facility is said to continue with its 32 and 28nm manufacturing, with plans to shrink all the way down to an insane 14nm. GloFo's CEO said during an interview with EE Times, that their competitors have only shipped "a few thousand wafers" when compared to GloFo's 700,000-plus.

2012 should be a good year for GloFo, let's hope things go better this year.