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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) 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.
GlobalFoundries Inc. (GFS) reported a 37% year-over-year revenue increase for Q1 2022, reaching $1.94 billion. The company achieved a record gross margin of 24.2% and net income of $178 million. Adjusted metrics also showed significant growth, with an adjusted net income of $232 million and adjusted EBITDA margin at 36.0%. Cash and equivalents amounted to $3.26 billion. Recent highlights included the launch of GF Fotonix™ and positive advancements in an ongoing acquisition deal. The outlook for Q2 2022 forecasts revenue between $1,955 million and $1,985 million.
GlobalFoundries (Nasdaq: GFS) has secured a $117 million agreement with the U.S. Department of Defense to supply critical semiconductors for national security applications. The semiconductor chips will be produced at GF's Fab 8 facility in Malta, New York. This partnership aims to boost domestic semiconductor manufacturing capability and ensure a secure supply of essential chips for defense and aerospace. The agreement also facilitates a technology transfer from Fab 10 and is expected to enhance GF's offerings to commercial clients.
GlobalFoundries (Nasdaq: GFS) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for onsemi's acquisition of GF's East Fishkill facility. This regulatory milestone confirms that the deal is on track to close by the end of 2022. GF has utilized the three-year transition period to optimize its global assets and invest in differentiated technologies, ensuring the long-term viability of the East Fishkill facility and its workforce.
GlobalFoundries (NASDAQ: GFS) will host a conference call on May 10, 2022, at 4:30 PM EDT to discuss its Q1 2022 financial results. This call follows the release of its financial report after market closure. Participants can join by dialing 1-877-788-0411 (U.S.) or 1-615-489-8522 (international) using passcode 8265345. Furthermore, the company announced its first Capital Markets Day, scheduled for August 10, 2022, in New York City, where updates on business, technology, and finance will be provided.
On March 7, 2022, GlobalFoundries (Nasdaq: GFS) announced a collaboration with major industry leaders like Broadcom, Cisco, and NVIDIA to address challenges in data centers with innovative silicon photonics solutions. The company introduced its GF Fotonix™ platform, which aims to enhance data transmission efficiency, leveraging a projected growth in the optical networking market to $4 billion by 2026. GF's advanced manufacturing capabilities will support this initiative, alongside partnerships to develop custom silicon photonics solutions, promising improved performance and energy efficiency for high-demand applications.
GlobalFoundries (Nasdaq: GFS) announced the appointment of Bobby Yerramilli-Rao as an independent director, expanding its board to 11 members. Currently the chief strategy officer at Microsoft, Dr. Yerramilli-Rao brings extensive experience in technology strategy and innovation. His role will include serving on the Strategy & Technology Committee, as GF aims to enhance its growth and address evolving customer needs in semiconductor manufacturing. The board chair, Ahmed Yahia Al Idrissi, expressed confidence in Bobby's potential to contribute to GF's innovation journey.
GlobalFoundries (Nasdaq: GFS) reported a record fourth quarter revenue of $1.85 billion, up 9% sequentially. Gross margin improved to 20.8% with an adjusted gross margin of 21.5%. For the fiscal year 2021, revenues reached $6.6 billion, reflecting a 36% year-over-year growth. Operating margins were 5% in Q4 and -1% for the year. The company highlighted significant partnerships, including a supply extension with AMD and a collaboration with Ford. Cash reserves stand at $2.9 billion, providing a robust foundation for future expansion.
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