4.0
Mar 31, 2023
Recommend
CEO approval
Business Outlook
Pros
I think Tom Coulfield is a good CEO. The Pivot away from the bleeding edge was tough but made sense given the finances of EUV tools and the scaling requirements.
Cons
The recent layoffs impacted many of long-term knowledgeable folks, especially those involved with security and government contracts, which in my opinion didn't make sense. This is after hitting all time profits and revenue targets. In addition, there is the anticipated CHIPS act money which will help expand NY facilities. Several newer members of the IT leadership team seem to be out of touch with the factories and the core business of the company.