Globalfoundries Inc. Stock Price, News & Analysis

GlobalFoundries (GFS) has announced a massive $16 billion investment to expand semiconductor manufacturing in New York and Vermont facilities. The investment, supported by major tech companies like Apple, SpaceX, AMD, Qualcomm, NXP, and GM, focuses on AI-enabling and power-efficient technologies. The plan includes $13 billion for facility expansion and modernization, plus $3 billion for R&D in packaging innovation, silicon photonics, and GaN technologies. This strategic move responds to growing AI demand and aims to strengthen U.S. semiconductor leadership. The company's expansion includes the first U.S.-based facility dedicated to silicon photonics packaging, with technologies focusing on power efficiency and high-bandwidth performance for datacenters, communications infrastructure, and AI-enabled devices.

GlobalFoundries (GFS) has signed a Memorandum of Understanding (MOU) with Singapore's A*STAR to enhance its advanced packaging capabilities. The collaboration provides GF access to A*STAR's R&D facilities and technical support, while GF will supply critical equipment to A*STAR.

The partnership aims to accelerate GF's development of advanced packaging solutions at its Singapore facility, focusing on meeting growing demand for AI and data-intensive applications. The collaboration includes workforce development initiatives to enhance GF employees' expertise in advanced packaging.

This MOU follows GF's January announcement of a new Advanced Packaging and Photonics Center in New York, demonstrating the company's strategic focus on expanding its advanced packaging capabilities across regions.

GlobalFoundries (GFS) reported Q1 2025 financial results with revenue of $1.585 billion and net income of $211 million. The company achieved a gross margin of 22.4% and diluted EPS of $0.38. Key performance metrics included operating margin of 9.5% and Non-IFRS adjusted EBITDA of $558 million. The company maintained a strong cash position of $3.7 billion. Year-over-year growth was seen in Automotive, Communications Infrastructure and Datacenter, and Home and Industrial IoT markets. Notable partnerships include collaborations with indie Semiconductor for automotive radar systems, Ayar Labs for optical interconnect chiplets, and Bosch for next-generation radar sensors. For Q2 2025, GF guides revenue of $1.675 billion (±$25M) with expected gross margin of 24.1% (±100bps) and diluted EPS of $0.27 (±$0.06).

GlobalFoundries (GFS) has announced an acceleration of its greenhouse gas (GHG) emission reduction goals, committing to a 42% reduction by 2030 from 2021 levels, up from its previous target of 25%. This enhanced commitment aligns with the Science Based Target Initiative (SBTi) standards and supports sustainability partnerships with Apple and Infineon Technologies AG.

The company plans to achieve this target through energy efficiency improvements, emissions controls, alternative chemistries, and lower-carbon power implementation across its facilities in the U.S., Germany, and Singapore. GF is particularly focused on reducing fluorinated GHG emissions in collaboration with Apple. The company maintains its long-term objectives of achieving net-zero GHG emissions and 100% carbon-neutral power by 2050.

GlobalFoundries (NASDAQ: GFS) has announced it will host a conference call on Tuesday, May 6, 2025, at 8:30 a.m. ET to discuss its first quarter 2025 financial results. The conference call will be accessible to interested parties through registration, and both financial results and a webcast will be available on the company's Investor Relations website.

GlobalFoundries is a leading semiconductor manufacturer specializing in essential chips for various high-growth markets including:

• Automotive
• Smart mobile devices
• Internet of Things (IoT)
• Communications infrastructure

The company maintains a global manufacturing presence across the U.S., Europe, and Asia, focusing on power-efficient, high-performance products.

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.