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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GlobalFoundries Unveils Key Innovations at Technology Summit 2023

Contract chip manufacturer GlobalFoundries posted a solid second quarter, but noted that it continues to be hurt by “cyclical headwinds.”

GlobalFoundries Stock Is Slipping. Light Guidance Outweighed Strong Earnings.

GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.58 per share a year ago.

GlobalFoundries Inc. (GFS) Surpasses Q2 Earnings and Revenue Estimates

MALTA, New York, Aug. 08, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the second quarter ended June 30, 2023.

GlobalFoundries Reports Second Quarter 2023 Financial Results

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SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence collaborated with GF, Hoerzentrum Oldenburg gGmbH and Leibniz University Hannover to develop the first binaural hearing aid SoC prototype.

Cadence, GlobalFoundries, Hoerzentrum Oldenburg and Leibniz University Hannover Collaborate to Advance Hearing Aid Technology

Globalfoundries, the semiconductor company that spun out of Advanced Micro Devices, announced the abrupt exit of its newly appointed CFO on Tuesday. Tim Stone, who was due to start at Globalfoundries after CFO stints at Snap Inc (NYSE:SNAP) and Ford Motor Company (NYSE:F), will not assume his duties and instead will depart the company on July 11, according to a statement from the company.

Globalfoundries high-profile CFO appointee Tim Stone departs without taking up role

Shares of GlobalFoundries Inc. GFS, +2.86% rallied 1.0% in premarket trading Tuesday, after the semiconductor foundry company said Tim Stone will not assume his duties as chief financial officer, and will leave the company effective today. The announcement comes just two months after the company said it appointed Stone as the new CFO, taking over for Dave Reeder who will leave the company after transitioning the role to Stone “over the coming months.

GlobalFoundries' Tim Stone leaves company just 2 months after being appointed CFO

MALTA, N.Y., July 05, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, August 8, 2023, at 8:30 a.m. ET following the release of the company's second quarter 2023 financial results.

GlobalFoundries Announces Conference Call to Review Second Quarter 2023 Financial Results

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GlobalFoundries is well-positioned in the semiconductor foundry market, focusing on specialty process technology and benefiting from its manufacturing locations in favorable jurisdictions. The company's future prospects highlight the potential for generating a 12% annualized total return, even at today's share price. Profitability is increasing at a steady pace as the company continues to scale and even take market share.

GlobalFoundries: A Unique Company With Potential Going Forward

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Chipmaker GlobalFoundries and missile manufacturer Lockheed Martin on Monday announced their partnership to secure domestic semiconductor supply for defense systems.

Lockheed Martin collaborates with GlobalFoundries to secure defense chip supply

Collaboration will boost U.S. semiconductor supply chain for mission-critical security systems, in support of the CHIPS and Science Act Collaboration will boost U.S. semiconductor supply chain for mission-critical security systems, in support of the CHIPS and Science Act

Lockheed Martin and GlobalFoundries Collaborate to Advance Innovation and Resiliency of Chips for National Security

Securely manufactured chips to be used in DoD systems on land, air, sea, and in space Securely manufactured chips to be used in DoD systems on land, air, sea, and in space

U.S. Government Accredits GlobalFoundries to Manufacture Trusted Semiconductors at New York Facility

GlobalFoundries continues to benefit from the automotive tailwinds impacting the chip industry.

GlobalFoundries Believes the Semiconductor Recovery Is Here, but There's a Catch

Shares of semiconductor contract manufacturing and design company GlobalFoundries (NASDAQ: GFS ) fell sharply amid a challenging backdrop. Primarily, GFS stock slipped about 8% in the late afternoon hours after the company posted less-than-encouraging results for the first quarter.

GlobalFoundries (GFS) Stock Slips Amid Leadership Transition

GlobalFoundries Inc projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other consumer electronics, sending its shares down nearly 5% in premarket trading.

Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall

Shares of GlobalFoundries Inc. GFS were declining about 1% in premarket trading Tuesday after the chip foundry company marginally exceeded expectations for quarterly revenue but saw a decline on the metric. The company recorded net income of $254 million, or 46 cents a share, up from $178 million, or 33 cents a share, in the year-prior quarter.

GlobalFoundries stock drops as revenue falls

Tim Stone to join GF as CFO and Niels Anderskouv joins as CBO to accelerate market leadership in differentiated technologies Tim Stone to join GF as CFO and Niels Anderskouv joins as CBO to accelerate market leadership in differentiated technologies

GlobalFoundries Announces Chief Financial Officer Transition and Names New Chief Business Officer

Contract chipmaker GlobalFoundries beat Wall Street's targets for the first quarter but guided lower for the current period. The post GlobalFoundries Tops First-Quarter Targets But Misses Views With Guidance appeared first on Investor's Business Daily.

GlobalFoundries Tops First-Quarter Targets But Misses Views With Guidance

MALTA, N.Y., May 09, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the first quarter ended March 31, 2023.

GlobalFoundries Reports First Quarter 2023 Financial Results

Our growth outlook remains limited by lower demand than supply with the smartphone and PC market weakness in 2023, especially for its smartphone segment (51% of revenue). The company's margins have increased in the past 2 years as we believe its scale improved as its revenues grew strongly and forecasted its FCFs to turn positive in 2023.

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