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GlobalFoundries Inc. Ordinary Shares - GFS STOCK NEWS

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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.

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GlobalFoundries Inc. (GFS) announces strong financial results for Q4 2023 and FY 2023 with revenue of $1.854 billion and $7.4 billion respectively. Key highlights include net income of $278 million for Q4 and $1.0 billion for FY 2023. The company also achieved adjusted EBITDA of $773 million for Q4 and $2.8 billion for FY 2023. Recent business highlights include a new agreement with Infineon, federal funding for GaN chip manufacturing, and recognition on Newsweek's 'America's Most Responsible Companies' list.
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Infineon Technologies AG and GlobalFoundries have announced a new multi-year agreement for the supply of Infineon’s AURIX TC3x 40 nanometer automotive microcontrollers, power management, and connectivity solutions. This agreement is expected to contribute to Infineon's business growth from 2024 through 2030. The collaboration aims to develop differentiated automotive, industrial, and security semiconductor technology and products, with a focus on enabling mission-critical automotive applications while meeting safety and security requirements for next-generation vehicle systems. The announcement also highlights the importance of a global manufacturing footprint to meet capacity needs and ensure a resilient supply chain.
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GlobalFoundries (NASDAQ: GFS) to host conference call to discuss fourth quarter and full-year 2023 financial results
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GlobalFoundries (Nasdaq: GFS) has been named to Newsweek’s list of “America’s Most Responsible Companies 2024” for the second consecutive year, highlighting its commitment to ESG and environmentally sustainable manufacturing. Stacey Barrick, GF’s global head of ESG, expressed pride in the recognition and emphasized GF’s dedication to corporate responsibility and ESG in every decision.
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GlobalFoundries (NASDAQ: GFS) has announced the appointment of John Hollister as Chief Financial Officer (CFO), effective February 5, 2024. Hollister, a semiconductor industry veteran, will be responsible for GF’s financial strategy and will lead the company’s global finance organization. With decades of experience and a proven track record as a CFO of a publicly traded company, Hollister is expected to support the acceleration of GF's financial performance and create sustainable value for stakeholders.
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GlobalFoundries (Nasdaq: GFS) (GF) announced the launch of a student loan repayment program to help U.S. employees pay down student loan debt. The program is part of a multi-million dollar investment to strengthen the semiconductor talent workforce and will provide a tax-free, lifetime total of $28,500 toward eligible employees' student debt. The initiative aims to ease the financial burden of higher education and training for present and future employees, offering benefits such as tuition reimbursement, parental leave, fitness stipend, and childcare subsidy. The program is set to begin in early 2024 and is designed to attract and retain talented workers, especially in the Capital Region and Upstate New York. The funding from the CHIPS and Science Act aims to make higher education more accessible and level the playing field for the U.S. through building a workforce that enables a successful domestic semiconductor industry.
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GlobalFoundries Inc. (GF) announced preliminary financial results for Q3 2023, with revenue of $1,852 million, gross margin of 28.6%, operating margin of 14.1%, net income of $249 million, and adjusted EBITDA of $667 million. The U.S. Department of Defense awarded GF a 10-year contract for semiconductors. GF expanded its global operations and announced its most advanced RF technology.
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GlobalFoundries receives $35 million in federal funding to accelerate manufacturing of gallium nitride chips
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GlobalFoundries and the U.S. Department of Defense to host Trusted Foundry Training event
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GlobalFoundries to host conference call on November 7, 2023, following release of Q3 2023 financial results.
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FAQ

What is the current stock price of GlobalFoundries Ordinary Shares (GFS)?

The current stock price of GlobalFoundries Ordinary Shares (GFS) is $42.8 as of November 22, 2024.

What is the market cap of GlobalFoundries Ordinary Shares (GFS)?

The market cap of GlobalFoundries Ordinary Shares (GFS) is approximately 23.4B.

What does GlobalFoundries Inc. do?

GlobalFoundries is a full-service semiconductor foundry providing manufacturing, design, and development services to over 250 customers worldwide.

Where are GlobalFoundries' manufacturing facilities located?

GlobalFoundries operates manufacturing facilities in Singapore, Germany, and the United States.

What markets does GlobalFoundries serve?

The company serves various markets including smartphones, PCs, Internet of Things (IoT), data centers, automotive, and industrial applications.

Who owns GlobalFoundries?

GlobalFoundries was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates, until it went public in 2021.

What recent funding has GlobalFoundries received?

GlobalFoundries received $1.5 billion in planned direct funding from the U.S. Department of Commerce as part of the CHIPS and Science Act.

How many employees does GlobalFoundries have?

GlobalFoundries employs approximately 12,000 people.

What are GlobalFoundries' sustainability goals?

GlobalFoundries is committed to sustainable operations, integrating its expansions and modernizations with environmentally sustainable practices.

How is GlobalFoundries investing in workforce development?

The company collaborates with educational institutions and community colleges to build a diverse talent pipeline and offers programs like student loan repayment and apprenticeships.

When was GlobalFoundries established?

GlobalFoundries was launched in March 2009 after spinning off from Advanced Micro Devices (AMD).

Where is GlobalFoundries headquartered?

GlobalFoundries is headquartered in Malta, New York, United States.

GlobalFoundries Inc. Ordinary Shares

Nasdaq:GFS

GFS Rankings

GFS Stock Data

23.43B
552.65M
101.97%
2.28%
Semiconductors
Technology
Link
United States of America
Malta