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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) 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.
GlobalFoundries (NASDAQ: GFS) announced its participation in two upcoming investor conferences. The first is on September 1, 2022, at the Deutsche Bank 2022 Technology Conference, scheduled for 9:30 am PT. The second is on September 8, 2022, during the Citi 2022 Global Technology Conference at 8:15 am ET. Live webcasts and replays will be available in the Investor section on GF's website at investors.gf.com. As a leading semiconductor manufacturer, GF provides advanced technology solutions for high-growth markets.
GlobalFoundries reported a record revenue of $1.99 billion for Q2 2022, marking a 23% increase year-over-year. The company achieved a gross margin of 27.0% and net income of $264 million. Highlights include the shipment of 630 thousand wafers and the extension of a long-term agreement with Qualcomm, expected to add over $4 billion in revenue. With strong cash positions of $3.3 billion, GF is focused on expanding capacity to meet growing customer demands while navigating supply chain challenges.
GlobalFoundries and Qualcomm Technologies have extended their long-term semiconductor manufacturing agreement, following the U.S. CHIPS and Science Act. This expansion aims to secure wafer supply and enhance U.S.-based manufacturing at GF's advanced facility in Malta, New York. The agreement will support production for 5G transceivers, Wi-Fi, automotive, and IoT applications through 2028, highlighting a commitment to bolster the domestic semiconductor industry. The collaboration is expected to ensure a resilient supply chain for high-performance chips amid increasing global demand.
The CEOs of GlobalFoundries (GFS), Applied Materials (AMAT), and Ford (F) will co-host a summit with government officials to foster partnerships following the CHIPS and Science Act's passage. This act aims to enhance U.S. semiconductor manufacturing, addressing supply chain challenges and supporting economic and national security. Key leaders like Brian Deese and Dr. William LaPlante will engage in discussions on optimizing semiconductor production and promoting transportation electrification. The summit, held on August 8, 2022, underscores a commitment to domestic manufacturing and innovation.
GlobalFoundries (NASDAQ: GFS) announced a conference call on August 9, 2022, at 8:30 AM ET, to discuss its second quarter 2022 financial results. Following this, the company will host its first Capital Markets Day on August 10, 2022, in New York City, where updates on business, manufacturing, technology, and finance will be presented by company executives. Interested parties can access the financial results and a webcast of the call on GF's Investor Relations website.
GlobalFoundries (GFS) launched GF Labs at the GF Technology Summit, focusing on semiconductor innovation and a long-term technology roadmap. This initiative aims to broaden its portfolio and enhance customer product development, connecting to trends like IoT, AI, and 5G, projecting semiconductor market revenue to exceed $1.3 trillion by 2030. GF Labs will foster partnerships for R&D, advancing technologies such as RF silicon on insulator (RFSOI) and silicon-germanium (SiGe) while enhancing capabilities in data-centric applications.
GlobalFoundries (NASDAQ: GFS) announced its participation in several upcoming investor conferences, including the J.P. Morgan Global Technology Conference on May 24, 2022, and the Bank of America Global Technology Conference on June 8, 2022. The company will host its first Capital Markets Day on August 10, 2022, in New York City, where executives will provide updates on business, manufacturing, technology, and finance. Live webcasts of these events will be available on their investor website.
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