GlobalFoundries Joins the PHLX Semiconductor Sector Index (SOX)

Rhea-AI Summary

GlobalFoundries (GFS) announced its inclusion in the PHLX Semiconductor Sector Index (SOX), effective September 19, 2022. This recognition positions GFS alongside leading semiconductor firms and reflects its growth strategy and market confidence since its Nasdaq listing in October 2021. The SOX index represents the 30 largest U.S. semiconductor companies by market capitalization, highlighting GFS's strengthened standing in the industry. CFO David Reeder expressed pride in the company's advancements and commitment to delivering innovative semiconductor solutions.

Positive

• Inclusion in the PHLX Semiconductor Sector Index highlights GFS's strong market position.
• Continued growth strategy shows demand for GFS's semiconductor solutions.

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• None.

MALTA, N.Y., Sept. 19, 2022 /PRNewswire/ -- GlobalFoundries (GF) (Nasdaq: GFS), a global leader in feature-rich semiconductor manufacturing, today announced that the company has been added to the PHLX Semiconductor Sector Index^SM (SOX^SM), effective Monday, September 19, 2022.

"We are proud to take our place on the Semiconductor Sector Index amongst other leading semiconductor companies," said David Reeder, CFO of GF. "Since our successful public listing on Nasdaq in October 2021, our growth strategy continues to drive a clear demand for, and confidence in, our differentiated solutions and company."

The PHLX Semiconductor Sector Index^SM (SOX^SM) is a modified market capitalization-weighted index composed of the 30 largest eligible semiconductor companies listed in the U.S., ranked by market capitalization. For a complete listing of companies view the PHLX Semiconductor Sector Index.

About GF

GlobalFoundries, Inc. (GF) is one of the world's leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. For more information, visit www.gf.com.

Forward-looking Information

This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless require by law. 

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SOURCE GlobalFoundries (GF)

FAQ

When did GlobalFoundries join the PHLX Semiconductor Sector Index?

GlobalFoundries joined the PHLX Semiconductor Sector Index on September 19, 2022.

What is the significance of the PHLX Semiconductor Sector Index for GFS?

The PHLX Semiconductor Sector Index includes the 30 largest semiconductor companies by market capitalization, enhancing GFS's visibility and credibility in the industry.

What was the market response to GlobalFoundries' addition to the index?

The press release indicates market confidence in GFS, but specific market response details are not provided.

When did GlobalFoundries go public?

GlobalFoundries went public on Nasdaq in October 2021.