Welcome to our dedicated page for Globalfoundries news (Ticker: GFS), a resource for investors and traders seeking the latest updates and insights on Globalfoundries stock.
Overview
GlobalFoundries (GFS) is a full-service semiconductor foundry renowned for its comprehensive design, development, and manufacturing services. As one of the largest and most versatile foundries, GF provides a unique blend of advanced process technologies and high-volume production capabilities to a diverse array of customers worldwide. Established from a historic background in semiconductor manufacturing, the company has evolved into a global partner for industries ranging from communications and computing to automotive, industrial, and aerospace & defense.
Global Manufacturing Footprint
GlobalFoundries is distinguished by its truly global manufacturing network, encompassing state-of-the-art facilities in strategic locations across the United States, Europe, and Asia. This geographic diversification not only provides supply chain resilience but also ensures customers have access to secure, American-made chips and high-volume production platforms. With manufacturing centers in Singapore, Germany, and the United States, GF is uniquely positioned to support complex production requirements and meet diverse market needs.
Advanced Process Technologies
At the heart of GF's operations is a robust portfolio of process technologies, spanning from mainstream nodes to advanced packaging and mature process technologies. Their fabs offer both 300mm and 200mm wafer production lines, delivering a full spectrum of semiconductor solutions. This flexibility allows GF to cater to a wide range of applications, including high-performance computing, smart mobile devices, IoT, and automotive electronics. Industry-specific terminologies such as semiconductor foundry and process technology are integral to their value proposition, highlighting their expertise in tailoring production processes to meet exacting industry standards.
Research, Development, and Innovation
Innovation is a cornerstone of GlobalFoundries' strategy. The company has invested heavily in research and development through strategically located centers near major semiconductor hubs. These facilities focus on breakthrough advancements in chip technology, process optimization, and advanced packaging solutions. Collaborative initiatives with industry players and academic institutions further bolster its commitment to research, enabling GF to continually refine its offerings and remain at the forefront of semiconductor design and manufacturing.
Customer-Centric Collaborations
GF’s business model is built on robust partnerships and collaborative efforts. With over 250 customers spanning multiple end markets, the company works closely with its clients, from initial design enablement to large-scale production. These partnerships extend to strategic alliances with technology leaders and government agencies, ensuring that GF’s manufacturing solutions are aligned with both commercial demand and national security imperatives. By integrating customer insights into its process development, GlobalFoundries consistently delivers reliable, cost-effective manufacturing solutions without compromising on quality.
Technological Expertise and Market Significance
GlobalFoundries leverages its deep expertise in advanced semiconductor manufacturing to address complex challenges across various markets. Its mature-node processes have provided a competitive edge in applications where reliability, power efficiency, and performance are critical. The company also supports specialized high-value operations, such as secure chip manufacturing for defense and aerospace applications, attesting to its commitment to quality and national security. This focus on precision engineering and process optimization solidifies GF’s reputation as a trusted technology source.
Strategic Industry Engagement
GF’s proactive engagement in expanding and diversifying the semiconductor talent pipeline is a testament to its industry leadership. The company actively collaborates with Minority Serving Institutions (MSIs), universities, and training centers to cultivate future talent in the semiconductor ecosystem. Such initiatives not only reinforce its commitment to workforce development but also ensure sustained innovation and operational excellence in a rapidly evolving market.
Robust Infrastructure and Process Reliability
The advanced production facilities at GlobalFoundries are designed to ensure robust yields and consistent performance across high-volume manufacturing cycles. With trusted foundry accreditations and secure manufacturing for sensitive applications, the company emphasizes reliability and quality control at every stage of the production process. This dedication to operational excellence mitigates risks for its customers and underlines its role as a foundational pillar in the semiconductor supply chain.
Conclusion
In summary, GlobalFoundries stands as a comprehensive, technologically advanced semiconductor foundry that offers both mature and cutting-edge process technologies. Its global footprint, extensive R&D efforts, and deep industry collaborations enable the company to serve a broad spectrum of markets with reliability and precision. By adhering to industry-best practices and continuously innovating, GF remains a pivotal player in shaping the future landscape of semiconductor manufacturing, ensuring that essential electronic components are made with the highest standards of quality and performance.
indie Semiconductor (INDI) has announced a strategic collaboration with GlobalFoundries (GFS) to develop high-performance radar systems-on-chip (SoC) for automotive applications. The partnership focuses on developing 77 GHz and 120 GHz radar solutions manufactured on GF's 22FDX® platform.
The 77 GHz SoCs, currently at advanced design-in stage with a Tier 1 customer, will enable features like forward collision warning, automatic emergency braking, and blind spot detection. The 120 GHz solutions, with samples already available, target in-cabin applications for occupant monitoring and vital signs detection.
indie's radar solutions integrate analog, digital, RF, power management, and memory functions, delivering class-leading performance while reducing solution cost and footprint compared to competitors. This innovation makes safety technology more accessible for mass-market vehicles, addressing the growing demand as new vehicles are expected to feature at least four radar sensors, potentially doubling in next-generation platforms.
GlobalFoundries (GFS) and the Massachusetts Institute of Technology (MIT) have announced a new master research agreement to advance semiconductor technologies, with a focus on AI applications. The collaboration will be led by MIT's Microsystems Technology Laboratories (MTL) and GF Labs.
The initial research will concentrate on GF's silicon photonics technology, which integrates RF SOI, CMOS, and optical features on a single chip for datacenter power efficiency, and the 22FDX® platform for ultra-low power consumption in edge devices.
The agreement builds upon existing partnerships, including GF's participation in MTL's Microsystems Industrial Group and MIT's involvement in GF's University Partnership Program. The collaboration also extends to workforce development initiatives through the Northeast Microelectronics Coalition.
GlobalFoundries (GFS) reported Q4 2024 financial results with revenue of $1.830 billion and a net loss of $729 million, largely due to a $935 million impairment charge on legacy assets in Malta, NY. The company posted Non-IFRS net income of $256 million and diluted EPS loss of $1.32 ($0.46 Non-IFRS).
For full-year 2024, GFS recorded revenue of $6.750 billion, representing a 9% decline from 2023, with a net loss of $262 million compared to net income of $1.018 billion in 2023. The company generated over $1 billion in Non-IFRS adjusted free cash flow and maintained strong liquidity with $4.2 billion in cash and marketable securities.
Looking ahead to Q1 2025, GFS guides revenue between $1.550-$1.600 billion with expected gross margin of 22.1% (IFRS) and diluted EPS between $0.14-$0.26.
GlobalFoundries (GFS) has announced key leadership changes effective April 28, 2025. Dr. Thomas Caulfield will transition to Executive Chairman, succeeding Ahmed Yahia who is stepping down after over a decade. Tim Breen, currently COO, has been appointed as CEO, while Niels Anderskouv will become President and COO.
Under Caulfield's leadership since 2018, GF repositioned its technology portfolio, achieved sustainable profitability, and completed one of the largest semiconductor IPOs in history in 2021. Breen, who joined GF in 2018, has overseen global operations and held various senior executive roles. Anderskouv, who joined as Chief Business Officer in 2023, brings over 25 years of semiconductor industry experience.
The transition aims to accelerate GF's next growth phase, leveraging its differentiated technology portfolio and global manufacturing footprint.
GlobalFoundries (GFS) announced plans to establish a New York Advanced Packaging and Photonics Center for advanced packaging and testing of U.S.-made chips. The center, supported by investments from New York State and the U.S. Department of Commerce, will be located within GF's New York manufacturing facility.
The facility will focus on silicon photonics and 3D/heterogeneously integrated chips for AI, automotive, aerospace, defense, and communications applications. GF's total investment is expected to be $575 million, plus $186 million in R&D over 10+ years. The project will receive up to $20 million from New York state and $75 million from the U.S. Department of Commerce.
The center aims to create approximately 100 new full-time jobs in New York over the next five years and will provide end-to-end U.S.-based solutions for chips made at GF's New York facility, addressing the current concentration of advanced packaging in Asia.
GlobalFoundries (NASDAQ: GFS) has announced it will host a conference call on Tuesday, February 11, 2025, at 8:30 a.m. ET to discuss its fourth quarter and full-year 2024 financial results. The company, a leading manufacturer of essential semiconductors, will make the financial results and conference call webcast available on its Investor Relations website.
Interested parties can join the conference call by registering through the provided link. GF specializes in producing power-efficient, high-performance semiconductors for various growth markets including automotive, smart mobile devices, IoT, and communications infrastructure, with manufacturing facilities across the U.S., Europe, and Asia.
GlobalFoundries (GFS) and IBM have announced a settlement resolving all ongoing litigation matters between the companies, including breach of contract, trade secrets, and intellectual property claims. The confidential settlement, announced on January 2, 2025, marks the end of their legal disputes and opens possibilities for future collaboration in areas of mutual interest.
Both companies' CEOs expressed satisfaction with the outcome, with GF's CEO Dr. Thomas Caulfield highlighting the opportunity to build upon their long-standing partnership to strengthen the semiconductor industry. IBM's CEO Arvind Krishna noted that resolving these disputes will allow both organizations to focus on future innovations beneficial to their companies and customers.
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.
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