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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) has filed a lawsuit against IBM for alleged trade secret misappropriation, claiming IBM unlawfully disclosed GF's confidential intellectual property to partners including Intel and Japan's Rapidus. This lawsuit, filed in the Southern District of New York, stems from a 2015 sale of IBM's microelectronics business to GF. GF argues that IBM is unjustly profiting from licensing income exceeding hundreds of millions by leveraging technology that GF claims to exclusively own. The complaint also highlights IBM's recruitment efforts aimed at attracting GF's engineering talent, intensifying post the IBM/Rapidus partnership announcement. GF seeks compensatory and punitive damages, alongside an injunction against further disclosures of its trade secrets.
GlobalFoundries (GFS) announces the inaugural GFX Prize, awarding $50,000 to Dr. Yusheng Bian for his groundbreaking invention in silicon photonics technology.
This innovation is set to enhance data transfer speed and reliability in datacenters, crucial for modern technology. Dr. Bian holds over 170 patents and has been recognized as a leader in innovation. The GFX Prize is part of GF Patent Week, which encourages a culture of inventorship across the company.
Additionally, GF honored six new Master Inventors and recognized Laura Silverstein as the DEI in Inventorship Champion to support diversity in innovation. These initiatives underscore GF’s commitment to fostering talent and driving technological advancements.
GlobalFoundries (NASDAQ: GFS) has scheduled a conference call on May 9, 2023, at 8:30 a.m. ET to discuss its Q1 2023 financial results. The call will provide insights into the company’s performance and strategic direction. Interested parties can register for the call here. Financial results and a webcast will be available at the Investor Relations website.
GlobalFoundries (Nasdaq: GFS) has partnered with Georgia Tech to enhance semiconductor research and education.
The collaboration will focus on developing new educational opportunities and joint R&D programs related to GF technology. The partnership aims to support workforce development in the semiconductor industry, tapping into U.S. government funding through the CHIPS and Science Act.
Both organizations plan to create internship programs, enhance curriculum, and inspire diversity within the semiconductor sector.
GF's research initiatives will be managed by GF Labs, ensuring alignment with industry needs and innovation goals.
GlobalFoundries (GFS) reported robust preliminary financial results for Q4 and FY2022, achieving a Q4 revenue of $2,101 million, a 14% increase year-over-year. Yearly revenue reached $8,108 million, up 23%, with a gross margin of 27.6%. Q4 net income soared to $668 million, marking a 1,453% year-over-year increase. Adjusted EBITDA for the year stood at $3,088 million. The company secured a long-term agreement with General Motors and acquired Renesas' CBRAM technology, bolstering its growth strategy. However, a decline in wafer shipments in Q4 was noted, potentially impacting future revenues.
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