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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.
General Motors and GlobalFoundries have announced a strategic agreement to establish a dedicated chip supply corridor. This collaboration aims to improve the manufacturing of semiconductors for GM, responding to the growing demand driven by complex vehicle technologies.
The agreement allows GlobalFoundries to manufacture chips for GM's suppliers in New York, enhancing supply chain resilience. GM anticipates a doubling of its semiconductor needs in the coming years, crucial for electrification and autonomous driving. The partnership underscores a commitment to U.S. semiconductor production, supporting local economies and job creation.
GlobalFoundries (GFS) has announced the acquisition of Renesas Electronics’ Conductive Bridging Random Access Memory (CBRAM) technology, enhancing its memory solutions portfolio. This low power memory solution is aimed at improving applications in IoT and smart devices, offering high read/write speeds and reduced manufacturing costs.
The acquisition is expected to accelerate the development of embedded non-volatile memory solutions, enabling customers to design advanced, energy-efficient devices. Notably, CBRAM technology allows for extended battery life in products, with potential applications ranging from wearables to industrial devices.
GlobalFoundries (NASDAQ: GFS) announced a conference call set for February 14, 2023, at 8:30 a.m. ET, to discuss the company's fourth quarter and full-year 2022 financial results. Interested parties can join the call by registering online. The financial results and a webcast of the call will be available on GF’s Investor Relations website. GF is a leading semiconductor manufacturer known for its innovative process technology solutions, supporting global customers across various markets.
GlobalFoundries (Nasdaq: GFS) has announced a strategic partnership with Purdue University to bolster semiconductor research and education. This collaboration focuses on joint R&D programs and educational opportunities, enhancing the talent pipeline in semiconductor engineering. Both parties aim to address the growing demand for skilled professionals in the semiconductor industry, underlining the strategic significance of semiconductors for economic security. The initiative complements Purdue's recent launch of the first comprehensive semiconductor degree program in the U.S.
GlobalFoundries Inc. (GFS) reported record third-quarter financial results for 2022, with revenue of $2.1 billion, a 22% increase year-over-year. The net income reached $336 million, marking a 6,620% rise from the previous year. Key metrics include a gross margin of 29.4% and an operating margin of 17.2%. The company also achieved a record in wafer shipments at 637,000 units. Looking ahead, GFS projects Q4 2022 revenue between $2.05 billion and $2.1 billion, with net income expected between $645 million and $770 million.
GlobalFoundries (GFS) has received $30 million in federal funding to enhance the production of next-generation gallium nitride (GaN) chips at its facility in Essex Junction, Vermont. This funding, secured by Senator Patrick Leahy, will aid in purchasing tools and advancing 200mm GaN wafer manufacturing, crucial for high-power applications in sectors like 5G, electric vehicles, and solar energy. With nearly 2,000 employees and a capacity exceeding 600,000 wafers yearly, GF aims to solidify its leadership in semiconductor manufacturing.
GlobalFoundries (NASDAQ: GFS) will host a conference call on November 8, 2022, at 8:30 a.m. ET to discuss its third-quarter 2022 financial results. Interested individuals can register for the call here. Financial results and a webcast will be available on GF's Investor Relations site.
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.
GlobalFoundries (NASDAQ: GFS) has appointed Pradheepa Raman as Chief People Officer, effective September 12, 2022. Raman brings extensive HR experience, having previously served at Stanley Black & Decker and Samsung Electronics America. Her role at GF will focus on recruitment, talent development, and enhancing the company's diversity, equity, and inclusion culture. CEO Thomas Caulfield has expressed optimism about her leadership, stating Raman will elevate GF's HR strategies during a critical period for the semiconductor industry.
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