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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 announces advancements to its 22FDX platform, meeting demands in IoT and automotive industries. New features include ultra-low power memory and temperature-resistant capabilities. These enhancements address the need for better power efficiency and top-tier performance.
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GlobalFoundries (GF) (Nasdaq: GFS) is highlighting key advancements in semiconductor manufacturing at its annual Technology Summit in Europe. The event focuses on enabling better power efficiency, enhanced performance, and security for applications in critical end markets like IoT, smart mobile, and automotive. GF's President and CEO, Dr. Thomas Caulfield, will kick off the event with a keynote address entitled 'Essential chips fuel the era of AI,' emphasizing the transformative potential of these technologies.
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GlobalFoundries awarded 10-year contract worth $3.1 billion by U.S. Department of Defense for secure semiconductor supply
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GF announces advancements in technology platforms for autonomous and connected vehicles. The 40ESF3 AutoPro175 technology supports critical vehicle functions under extreme temperatures. The 130BCDLite Gen2 ATV125 enables multiple automotive applications with higher conversion efficiency. Over 30 customers engaged on the 130BCD/BCDLite platforms. Both technologies to be fully qualified and released by September 2023.
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GlobalFoundries announces advancements in its RFSOI foundry solution, the 9SW technology, offering significant improvements in performance, integration, and area advantages for 5G applications. It features a reduction in standby currents for longer battery life, creates smaller products, and enhances efficiency by over 20%. The technology will be manufactured in Singapore.
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GlobalFoundries Technology Summit highlights power management, RF connectivity, and intelligent solutions
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GlobalFoundries Inc. (GF) has announced its preliminary financial results for Q2 2023. The company reported revenue of $1,845 million, gross margin of 28.8%, operating margin of 14.9%, net income of $237 million, and adjusted EBITDA of $668 million. GF also highlighted its collaboration with Lockheed Martin and its accreditation by the U.S. Department of Defense. Cash, cash equivalents, and marketable securities stood at $3.3 billion.
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GlobalFoundries announces that Tim Stone will not assume his duties as CFO and will depart the company. David Reeder will remain as CFO until the end of the year to support the selection of a new CFO. The company's guidance for Q2 2023 remains unchanged.
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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 $36.01 as of November 4, 2024.

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

The market cap of GlobalFoundries Ordinary Shares (GFS) is approximately 20.0B.

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

19.95B
555.51M
105.78%
2.24%
Semiconductors
Technology
Link
United States of America
Malta