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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) 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.
BAE Systems and GlobalFoundries (GF) have entered a strategic collaboration to enhance the supply of essential semiconductors for U.S. national security programs. The partnership will focus on U.S. chip manufacturing and joint R&D for advanced chip technologies, targeting improvements in semiconductor innovation, packaging, and secure solutions for aerospace and defense systems. This initiative builds on a long-standing relationship and aligns with their receipt of funding from the CHIPS and Science Act. The collaboration aims to bolster the U.S. semiconductor ecosystem, ensuring a reliable and secure microelectronics supply chain for critical defense applications.
GlobalFoundries (GFS) has committed to the U.S. Department of Commerce's CHIPS Women in Construction Framework, a part of the Million Women in Construction initiative led by Secretary Gina Raimondo. This initiative aims to double the number of women in construction over the next decade by implementing five best practices to increase workforce diversity.
Announced by Chief People Officer Pradheepa Raman at a White House event, GF will collaborate with contractors, trade unions, and community partners to achieve these goals. The five best practices include setting goals for increasing women's participation, building community partnerships, developing training pathways, providing access to supportive services, and maintaining safe workplaces.
GF's commitment aligns with its ongoing efforts to support workplace diversity, including a partnership with Micron Technology and the National Science Foundation for workforce development and a student loan repayment program.
ElevATE Semiconductor and GlobalFoundries (GF) have announced a partnership to manufacture high-voltage chips at GF's facility in Essex Junction, Vermont, leveraging GF's proven 7HV semiconductor platform. This collaboration aims to meet the growing demand in commercial semiconductor testing and aerospace and defense systems. The 7HV chips, produced on 200mm wafers, offer power management and wireless sensing capabilities, important for various electronic devices in national security systems. This agreement emphasizes GF's commitment to providing a reliable supply of secure, domestically manufactured chips, supporting U.S. semiconductor and national security ecosystems. The partnership will help ElevATE transition its fabrication processes to GF, ensuring robust supply and meeting escalating customer demands.
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