Globalfoundries Inc is a prominent semiconductor foundry that specializes in providing manufacturing services for integrated circuits. The company plays a crucial role in the global electronics supply chain, serving a wide range of clients in various sectors, including automotive, telecommunications, and consumer electronics. With advanced manufacturing capabilities, Globalfoundries focuses on the design and production of innovative semiconductor solutions, helping its customers bring cutting-edge technologies to market. The company is committed to delivering high-quality processes and services that meet the evolving demands of the technology landscape. Read More
The brokerage called the Trump administration’s tariffs “convoluted and virtually impossible to assess completely,” largely because of the semiconductor industry’s complex supply chain.
MALTA, N.Y., April 02, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, May 6, 2025, at 8:30 a.m. ET following the release of the company’s first quarter 2025 financial results.
GlobalFoundries Inc. may merge with United Microelectronics Corp., creating a viable alternative to Taiwan Semiconductor; deal faces Chinese regulatory hurdles.
BofA flagged that GlobalFoundries’ primary value add compared to its peers is its lack of exposure to China and Taiwan, which "might be negated" by a merger.
According to a report by Nikkie Asia, a merger between GlobalFoundries and UMC would create a larger, U.S.-based semiconductor firm with manufacturing capabilities spanning the U.S., Europe, and Asia.
Former TSMC executive Chiang Shang-Yi says Intel is no longer a chip industry leader and should stop chasing cutting-edge nodes, instead merging with mature chipmakers like UMC or GlobalFoundries to stay competitive.
indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has announced a strategic collaboration with GlobalFoundries (Nasdaq: GFS) (GF) to develop its portfolio of high-performance radar systems-on-chip (SoC). These SoC’s - manufactured on GF’s 22FDX® platform - will target 77 GHz and 120 GHz radar applications for advanced driver assistance systems (ADAS) and adjacent industrial applications. Automotive radar adoption is being accelerated by global vehicle safety regulation, new car assessment programs, and consumer demand for convenience features. As a result, new vehicles will feature at least four radar sensors, and this is expected to double in next-generation platforms to meet the growing use cases.
While the brokerage noted that GlobalFoundries' first-quarter (Q1) guidance was below expectations, it observed that the company's long-term growth outlook remains constructive.
GlobalFoundries reported $1.83B revenue, beating analyst estimates. Adjusted EPS of 46 cents also beat expectations. CEO optimistic about strong design win momentum and plans to develop advanced packaging and test capabilities. Q1 outlook lower than expected.
MALTA, N.Y., Feb. 11, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2024.
