GlobalFoundries

GLOBALFOUNDRIES, Inc. provides foundry services and manufactures semiconductors. It offers global shuttle, mask, post-fab and turnkey services. The company was founded in 2009 and is headquartered in Malta, NY.

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GlobalFoundries surpasses revenue targets, eyes growth amid industry challenges

GlobalFoundries delivered strong financial performance in Q4 2022, exceeding revenue guidance and improving margins, driven by growth across key end markets.
The company's focus on innovation, customer engagements, and cost-saving initiatives positions it well to navigate industry challenges and capitalize on growth opportunities.
Anticipated revenue trough in H1 2023 requires strategic planning, while investments in capacity expansion and operational efficiency enhance long-term prospects.
Revenue growth from single-source business and deep customer partnerships underscore financial resilience and potential for significant free cash flow generation.

GlobalFoundries (GFS) reports resilient Q1 results amidst semiconductor challenges

GlobalFoundries (GFS) navigated Q1 challenges with resilience, focusing on revenue diversification and strategic leadership additions.
Despite industry headwinds, the company remains positioned for growth through capacity expansion and differentiated product offerings.
Anticipated sequential revenue growth, cautious market outlook, and focus on key growth drivers signal a balanced approach to future opportunities.

GlobalFoundries exceeds Q2 expectations, eyes growth in automotive and A&D

GlobalFoundries delivered strong Q2 results, showcasing robust revenue, margin, and earnings performance.
The company's strategic collaborations, accreditations, and market focus position it well for future growth.
Challenges include revenue decline outlook for 2023 and the need to navigate varying ASP trends by end markets.
Opportunities lie in expanding revenue in automotive and A&D markets, leveraging government incentives, and maintaining pricing competitiveness.

GlobalFoundries exceeds Q3 expectations, eyes automotive growth opportunities

GlobalFoundries (GFS) delivered strong Q3 2023 results, exceeding revenue and EPS guidance, with a focus on key market progress and capacity expansion
Challenges include industry transitions impacting revenue growth and concerns over macroeconomic uncertainties and smart mobile devices market dynamics
Opportunities lie in the automotive sector beyond electrification, with a focus on autonomous and connected vehicles, alongside stable LTAs pricing
The company's performance, strengths, challenges, and opportunities position it for continued growth and resilience in the semiconductor industry

GlobalFoundries surpasses Q4 revenue targets, eyes growth amid challenges

GlobalFoundries (GFS) navigated challenges in 2023, exceeding revenue guidance and focusing on strategic partnerships. Caution for 2024 outlook due to market dynamics, but confidence in increased free cash flow delivery. Emphasis on differentiation, stable pricing, and capacity expansion positions GF for growth and resilience.

GlobalFoundries surpasses Q1 guidance, eyes automotive and mobile growth

GlobalFoundries delivered strong Q1 results, exceeding revenue guidance and showcasing resilience in challenging end markets.
The company's focus on LTAs, strategic capacity expansion, and market diversification positions it well for future growth and profitability.
Despite challenges in certain segments, opportunities in automotive, smart mobile devices, and IoT markets offer avenues for revenue expansion.
CHIPS Act funding and LTAs totaling $30 billion in lifetime revenue underscore GlobalFoundries' commitment to supply surety and market resilience.

GlobalFoundries surpasses Q2 expectations, eyes growth in diversified markets

GlobalFoundries delivered strong Q2 2024 results, exceeding guidance and showcasing solid financial performance.
Strategic investments, diversified revenue streams, and focus on differentiated technology highlight growth prospects.
Challenges in maintaining gross margin and navigating industry competition require strategic planning and operational efficiency.

GlobalFoundries excels in Q3 earnings, eyes growth in key markets

GlobalFoundries delivered a strong Q3 performance, surpassing financial targets and demonstrating resilience in a competitive semiconductor market.
With a focus on diversification, strategic partnerships, and market expansion, the company is well-positioned to capitalize on growth opportunities in key sectors.
Challenges in pricing dynamics and technology evolution require proactive strategies, but GlobalFoundries' strengths in operational efficiency and market positioning offer a solid foundation for future success.

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GLOBALFOUNDRIES, Inc. provides foundry services and manufactures semiconductors. It offers global shuttle, mask, post-fab and turnkey services. The company was founded on October 7, 2008 and is headquartered in Malta, NY.

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2 Chip Manufacturing Leaders Just Reported This

MALTA, N.Y., Aug. 11, 2022 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will participate in the following upcoming investor conferences.

GlobalFoundries Announces Participation in Upcoming Investor Conferences

GlobalFoundries Inc. shares fell Tuesday after the chip manufacturer's strong outlook was eclipsed by recent signs that the global chip shortage has flipped into a glut.

GlobalFoundries stock falls as fears of a chip glut eclipse strong outlook

GLOBALFOUNDRIES Inc. (NASDAQ:GFS ) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Sukhi Nagesh - IR Thomas Caulfield - CEO Dave Reeder - CFO Conference Call Participants Harlan Sur - JP Morgan Vivek Arya - Bank of America Ross Seymore - Deutsche Bank Mehdi Hosseini - SIG Rajvindra Gill - Needham Chris Danely - Citi Randy Abrams - Credit Suisse Operator Thank you for standing by, and welcome to GlobalFoundries Second Quarter Fiscal Year 2022 Earnings Conference Call [Operator Instructions]. I would now like to hand the call over to Head of Investor Relations, Sukhi Nagesh.

GLOBALFOUNDRIES Inc. (GFS) CEO Dr. Thomas Caulfield on Q2 2022 Results - Earnings Call Transcript

CEO says the contract chip manufacturer remains on track to deliver a strong year of growth and probability.

GlobalFoundries Sinks. Concerns About Chip Demand Outweigh Solid Earnings.

Contract chipmaker GlobalFoundries on Tuesday beat Wall Street's targets for the second quarter and guided higher for the current period. The post Chipmaker GlobalFoundries Beats Second-Quarter Goals, Points Higher appeared first on Investor's Business Daily.

Chipmaker GlobalFoundries Beats Second-Quarter Goals, Points Higher

Record Revenue, Gross Profit, and Net Income Record Revenue, Gross Profit, and Net Income

GlobalFoundries Reports Second Quarter 2022 Financial Results

GlobalFoundries has been on fire and rallied again as it extended its supply agreement with Qualcomm.

Why GlobalFoundries Rocketed Higher Today, Again

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Qualcomm and GlobalFoundries signed an agreement on Monday to more than double their existing long-term manufacturing agreement for chips used in 5G transceivers, Wi-Fi, automotive and Internet of Things (IoT) connectivity.

Qualcomm, GlobalFoundries sign pact to double chip manufacturing

Multi-billion dollar revenue agreement increases global supply capacity reservation to cover multiple technologies WASHINGTON , Aug. 8, 2022 /PRNewswire/ -- Following the recent passage of the U.S. CHIPS and Science Act last week, GlobalFoundries (Nasdaq: GFS) (GF), a global leader in feature-rich semiconductor manufacturing and Qualcomm Technologies, Inc. today announced they are more than doubling their existing strategic global long-term semiconductor manufacturing agreement previously entered into by GF's and Qualcomm's respective subsidiaries. Today's announcement secures wafer supply and commitments to support U.S.-based manufacturing through capacity expansion at GF's most advanced semiconductor manufacturing facility, in Malta, New York.

GlobalFoundries and Qualcomm Announce Extension of Long-term Agreement to Secure U.S. Supply through 2028

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Business leaders and senior government officials to discuss new partnerships for U.S. technology leadership and collaboration on next steps following passage of CHIPS and Science Act WASHINGTON , Aug. 8, 2022 /PRNewswire/ -- GlobalFoundries (Nasdaq: GFS) (GF), Applied Materials, Inc. (Nasdaq: AMAT) and Ford Motor Company (NYSE: F) today announced that the three companies' CEOs will be co-hosting a summit of senior government officials, CEOs and C-suite executives from companies either involved in technology manufacturing or companies whose ability to compete depends on continued innovation, technology leadership and access to semiconductor chips in the U.S. The recent passage of the CHIPS and Science Act is a testament to the broad, bipartisan support and commitment to increasing semiconductor manufacturing in the U.S. These investments will enable the public-private partnerships that are needed to meet and keep up with the increasing demand for semiconductors. It will create the industrial strategy required to level the playing field for competitive semiconductor R&D and manufacturing in the U.S.  The CEO summit is bringing industry and senior government partners together to engage in a constructive dialogue to discuss how these public investments can accelerate semiconductor and emerging technology manufacturing, support the electrification of automobiles with a ready supply of chips, including feature-rich chips, and strengthen the United States' economy, supply chains, and national security.

GLOBALFOUNDRIES, APPLIED MATERIALS AND FORD TO CO-HOST CEO SUMMIT TO SECURE U.S. CHIP SUPPLY CHAIN

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The three major U.S. equity indexes closed mixed Thursday. The Dow Jones industrials dropped 0.26%, the S&P 500 slipped by 0.08%, and the Nasdaq rose by 0.41%.

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President Joe Biden will sign the CHIPS and Science Act into law next week. Along with more than $200 billion to boost federal spending on research and education, the bill provides $52 billion in subsidies and tax incentives to U.S.

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For the chipmaker, Monday's gain followed a big gain on Friday, with earnings on the horizon.

Why GlobalFoundries Rallied Today for the Second Day in a Row

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A planned semiconductor factory in upstate New York will likely be delayed if a bill to bolster the U.S. computer chip industry fails to pass in the coming weeks, the chief executive of GlobalFoundries Inc told Reuters on Tuesday.

GlobalFoundries CEO: New York chip factory likely delayed if U.S. subsidy bill fails

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GlobalFoundries Services has partnered with STMicroelectronics to launch a foundry in France based on its FD-SOI technology, which could bring more than $1 billion of revenue based on conservative estimates. This partnership approach is positive for both companies in view of the high level of capital expenses required and the lack of chip capacity at the European level.

STMicroelectronics And GlobalFoundries: Unlocking Value Through Foundry Partnership

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French-Italian chipmaker STMicroelectronics and US-based GlobalFoundries will plough 5.7 billion euros ($5.8 billion) into a new semiconductor factory in France, the firms and President Emmanuel Macron's office said Monday.

STMicro and GlobalFoundries plan 5.7 bn euro French factory

GlobalFoundries Inc and STMicroelectronics will announce on Monday plans to build a semiconductor factory in France for an investment of nearly 4 billion euros, as part of Europe's efforts to boost its independence in microchips, Le Figaro reports on Sunday.

STMicro, GlobalFoundries to build French chip plant -Le Figaro

MALTA, N.Y., July 06, 2022 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, August 9, 2022, at 8:30am ET following the release of its second quarter 2022 financial results.

GlobalFoundries Announces Conference Call to Review Second Quarter 2022 Financial Results

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This company focuses on manufacturing chips, and it is not TSMC.

News for GlobalFoundries Stock (GFS)