Vantaggi
This company has given me a place to work for the last three years. No complaints about that. Some people here know the reality of the place and can help to keep sanity but it's like hiding out in the attic with Anne Frank to have real discussions about the state of the place. The media machine does a good job at making us think that people want to buy our products. We got the No. 1 Best Chinese food restaurant in London to buy our lamps! There always seems to be more money put in by the investors when others would have walked away. We will always have that. KV is good at pulling in additional, less experienced investors to the spider web.
Svantaggi
Costs analysis is never done with realistic numbers. They use the "what if" scenarios for raw materials and yields instead of true costing. Ops is always hiding yields. They take failed production and make them engineering lots to improve the numbers for potential investors. Since the original team left in the past two years, performance improvements have been negligible and can't compete with other suppliers. High CRI is nice but people don't want to pay a premium in most cases. Has taken in at least $0.8 Billion but fancy book keeping hides the numbers. Divesting the fab from the "company" makes new investors think they're getting a deal but someone has to pay for this fab! Move to NY is all for show and unlikely to happen. Volumes can't support even one fab at good yield. Volumes at poor yields can fill a fab but will also burn cash quickly. Catch 22. Game over. Moving to non-GaN-on-GaN will only take us so far. You always need to be careful to voice opinions or even ask questions!