Globalfoundries (GF) announced today that it will stop investing in the 7nm process indefinitely and focus on the existing 14/12nm FinFET process and 22/12nm FD-SOI process. Considering GF's revenue and profitability over the past few years, cutting-edge technology investments that stop burning money are also a reasonable choice for them. After GF exited 7nm and more advanced process development, AMD announced that it will fully shift its CPU and GPU to TSMC, indicating that its own product…