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GlobalFoundries Inc. (GFS) is a prominent player in the semiconductor industry, recognized as the world's first full-service semiconductor foundry with a truly global footprint. Launched in March 2009, the company has rapidly scaled to become one of the largest foundries globally, serving over 250 customers. With operations in Singapore, Germany, and the United States, GlobalFoundries offers unmatched flexibility and security through its manufacturing centers across three continents. The company's 300mm and 200mm fabrication facilities provide a comprehensive range of process technologies, from mainstream to the leading edge.
Headquartered in Malta, New York, GlobalFoundries was originally the manufacturing wing of Advanced Micro Devices (AMD) before becoming an independent entity in 2009. The company merged with Chartered Semiconductor Manufacturing in the same year and acquired IBM's chipmaking business in 2015. Currently, GlobalFoundries employs approximately 12,000 people and continues to be a cornerstone in the semiconductor supply chain, particularly for mature process technologies.
GlobalFoundries focuses on several key markets including smartphones, PCs, Internet of Things (IoT), data centers, automotive, industrial, and more. The company was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates, until its public offering in 2021. This unique mix of design, development, and fabrication services ensures that GlobalFoundries remains a trusted technology source for its worldwide clientele.
Among its recent achievements, GlobalFoundries received $1.5 billion in planned direct funding from the U.S. Department of Commerce as part of the U.S. CHIPS and Science Act. This investment aims to enhance the company's manufacturing capacity to produce essential chips for automotive, IoT, aerospace, defense, and other critical markets. Additionally, GlobalFoundries has announced its plans to invest over $12 billion in its U.S. sites over the next decade, backed by public-private partnerships and support from federal and state governments.
The company has also committed to workforce development, collaborating with various educational institutions and community colleges to create a diverse talent pipeline. This includes a new student loan repayment program and partnerships with universities to cultivate future semiconductor professionals.
In terms of sustainability, GlobalFoundries is committed to sustainable operations and has integrated its expansion plans with its sustainability goals. This commitment is evident in its design and construction initiatives, ensuring that all expansions and modernizations align with environmentally sustainable practices.
For more information about GlobalFoundries, visit their official website at www.globalfoundries.com.
GlobalFoundries (GFS) has secured an additional $9.5 million in federal funding from the U.S. government to advance its gallium nitride (GaN) semiconductor manufacturing in Essex Junction, Vermont. This funding supports GF's progress toward large-scale production of GaN chips, which are important for high-performance and energy-efficient RF and high-power control applications in automobiles, datacenters, IoT, aerospace, and defense sectors.
The funding, awarded by the U.S. Department of Defense's Trusted Access Program Office (TAPO), will be used for new tools, equipment, and prototyping capabilities. Since 2020, GF has received over $80 million in total U.S. government funding for GaN development. The company recently expanded its GaN capabilities by acquiring Tagore Technology's GaN Power portfolio and establishing the GF Kolkata Power Center in India.
GlobalFoundries (GFS) has secured up to $1.5 billion in funding from the CHIPS and Science Act, along with $550 million from New York State. The funding will support three major projects: expanding the Malta, NY fab, modernizing the Essex Junction, VT facility for GaN semiconductor production, and constructing a new state-of-art fab in Malta. These projects represent over $13 billion of investment across 10+ years, expected to triple Malta's capacity and create nearly 1,000 direct manufacturing jobs and 9,000 construction jobs. The expansion aims to strengthen U.S. semiconductor manufacturing for automotive, IoT, datacenter, and aerospace applications.
GlobalFoundries (GFS) reported Q3 2024 financial results with revenue of $1.739 billion, showing a 6% year-over-year decline but a 7% sequential increase. The company achieved a gross margin of 23.8% and net income of $178 million. Key metrics include operating margin of 10.6% and cash position of $4.3 billion. GF announced new collaborations with NXP Semiconductors utilizing their 22FDX® technology platform and a strategic agreement with Finwave Semiconductor for GaN technology development. The company maintains strong cash flow generation, projecting a threefold increase in year-over-year Non-IFRS adjusted free cash flow by end of 2024.
GlobalFoundries (GFS) and NXP Semiconductors announced a collaboration to develop next-generation solutions using GF's 22FDX platform. The partnership focuses on automotive, IoT, and smart mobile devices, with manufacturing in Dresden and Malta, New York. The 22FDX technology offers up to 50% higher performance and 70% less power consumption compared to other planar CMOS technologies. The platform integrates digital, analog, RF, power management, and non-volatile memory onto a single die, optimizing performance through dynamic voltage adjustment. Qualified for Automotive Grade 1 and 2 applications, it ensures reliability in extreme conditions up to 150°C junction temperature.
GlobalFoundries (NASDAQ: GFS) has announced a conference call scheduled for Tuesday, November 5, 2024, at 8:30 a.m. ET to discuss its third quarter 2024 financial results. Interested parties can register for the call online. The company's financial results and a webcast of the conference call will be available on GlobalFoundries' Investor Relations website.
GlobalFoundries is a leading semiconductor manufacturer, focusing on developing and delivering feature-rich process technology solutions for high-growth markets. The company offers a mix of design, development, and fabrication services, with manufacturing facilities across the U.S., Europe, and Asia.
GlobalFoundries (GFS) has joined Silicon Catalyst, the world's only semiconductor-focused incubator+accelerator, as both a Strategic Partner and In-Kind Partner. This partnership aims to accelerate differentiated technology solutions for semiconductor startups, providing access to GF's platforms for developing next-generation IoT, automotive, and generative AI applications.
As a Strategic Partner, GF will help recruit and select startups for the program. As an In-Kind Partner, GF will offer access to PDKs, MPWs, Foundation IP, and Reference Designs on its 22FDX®, Silicon Photonics, and Gallium Nitride (GaN) platforms. This collaboration is expected to fuel semiconductor innovation and help startups address challenges in moving from idea to realization.
GlobalFoundries (Nasdaq: GFS) is set to host its annual Technology Summit series, focusing on the theme 'AI Everywhere'. The event will highlight the important role of GF-made essential chips in accelerating AI's impact and ubiquity. Industry leaders will gather to discuss technology advancements, trends, and GF's technology platforms that drive smarter, more connected, and efficient devices.
The summit will explore GF's essential chip technology platforms in relation to high-growth markets like smart mobile devices, automotive, IoT, datacenter, communications infrastructure, and aerospace and defense. Semiconductor industry expert Lip-Bu Tan will deliver the keynote address on 'Fueling semiconductor innovation in the next decade'. The North American event will be held at the Santa Clara Convention Center, with additional summits planned in Munich and Shanghai.
GlobalFoundries (GFS) reported Q2 2024 financial results, with revenue of $1.632 billion, exceeding guidance. Key highlights include:
- Gross margin of 24.2% (Non-IFRS: 25.2%)
- Operating margin of 9.5% (Non-IFRS: 13.0%)
- Net income of $155 million (Non-IFRS: $211 million)
- Non-IFRS Adjusted EBITDA of $610 million
- Cash, cash equivalents, and marketable securities of $4.1 billion
GF acquired Tagore Technology's Power GaN business and collaborated with BAE Systems on critical semiconductors. The company released its 2024 Corporate Sustainability Report. For Q3 2024, GF projects revenue between $1.7-$1.75 billion and gross margin of 23.2% (Non-IFRS: 24.0%).
GlobalFoundries (NASDAQ: GFS) has announced a conference call to review its second quarter 2024 financial results. The call will take place on Tuesday, August 6, 2024, at 8:30 a.m. ET. The financial results and a webcast of the call will be available on the company's Investor Relations website. GlobalFoundries is a leading semiconductor manufacturer, providing innovative solutions for high-growth markets.
GlobalFoundries (Nasdaq: GFS) announced the acquisition of Tagore Technology’s Power Gallium Nitride (GaN) IP portfolio on July 1, 2024. This acquisition aims to enhance GF's power management solutions, particularly for applications in automotive, IoT, and AI datacenters. The GaN technology is notable for its high power density and efficiency, making it important for sustainable power management. The deal includes the transfer of Tagore’s experienced engineering team to GF. This acquisition aligns with GF’s strategy to meet growing power demands while improving efficiency, reducing costs, and managing heat generation. Additionally, part of the $1.5 billion funding GF received under the U.S. CHIPS and Science Act will support the high-volume manufacturing of GaN technology.
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