GLOBALFOUNDRIES (GFS) News
Market Cap: $19.15B
Avg Volume: 2.53M
Industry: Semiconductors
Sector: Technology
TSM vs. GFS: Which Semiconductor Stock is Poised to Lead in 2025?
Taiwan Semiconductor Manufacturing Company TSM and GlobalFoundries GFS are two of the most prominent players in the global semiconductor foundry space, but they offer very different propositions. TSM leads in cutting-edge chip manufacturing with a dominant market share, while GFS targets differentiated processes and specialty technologies.
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GlobalFoundries Accelerates GHG Reductions Commitments with Near Term Science-Based Target
MALTA, N.Y., April 22, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced it will accelerate its near-term greenhouse gas (GHG) emission reduction goals, enhancing the company's commitment to sustainable operations and further supporting the sustainability leadership of partners including Apple and Infineon Technologies AG.
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GlobalFoundries Announces Conference Call to Review First Quarter 2025 Financial Results
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.
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United Microelectronics shares pop more than 10% on report of potential GlobalFoundries deal
U.S. shares of Taiwan-based United Microelectronics popped more than 10% on news that it is looking to potentially merge with GlobalFoundries. Nikkei reported the news, citing sources familiar with the deal.
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GlobalFoundries and Taiwanese chipmaker UMC mull potential merger, Nikkei reports
Taiwan's major chipmaker United Microelectronics and U.S.-based GlobalFoundries are exploring the possibility of a merger, the Nikkei reported on Monday, citing an assessment plan seen by the newspaper.
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GlobalFoundries chief says tariffs could benefit US chipmakers
GlobalFoundries Chief Executive Officer Thomas Caulfield said on Tuesday that U.S. tariffs on foreign-made chips could help U.S. chip manufacturers by boosting demand for domestically made chips.
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indie Semiconductor and GlobalFoundries Announce Strategic Collaboration to Accelerate Automotive Radar Adoption
ALISO VIEJO, Calif.--(BUSINESS WIRE)--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.
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GlobalFoundries and MIT Collaborate to Advance Research and Innovation on Essential Chips for AI
Expanded collaboration includes joint research on GF's leading semiconductor platforms Expanded collaboration includes joint research on GF's leading semiconductor platforms
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GlobalFoundries CEO on policy changes under Trump
GlobalFoundries Thomas Caulfield discusses the CHIPS Act and whether there could be changes to the program under the new administration.
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Why GlobalFoundries Rallied 11.4% This Week
Shares of U.S. specialty chip manufacturer GlobalFoundries (GFS -1.68%) rallied 11.4% this week, according to data from S&P Global Market Intelligence.
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GlobalFoundries Gains Analyst Upgrade, Eyes Growth In Automotive And AI-Powered Data Centers
GlobalFoundries Inc GFS stock gained after Needham analyst Quinn Bolton upgraded the stock from Hold to Buy and a price target of $50.
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GlobalFoundries, Inc. (GFS) Q4 2024 Earnings Call Transcript
GlobalFoundries, Inc. (NASDAQ:GFS ) Q4 2024- Earnings Conference Call February 11, 2025 8:30 AM ET Company Participants Sam Franklin - VP, Business Finance & IR Thomas Caulfield - CEO John Hollister - CFO Niels Anderskouv – CBO Tim Breen - COO Conference Call Participants Chris Caso - Wolfe Research Mark Lipacis - Evercore ISI Krish Sankar - TW Cowen Ross Seymore - Deutsche Bank Harlan Sur - J.P. Morgan Vivek Arya - Bank of America Securities Quinn Bolton - Needham & Company Operator Good day and thank you for standing by.
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GlobalFoundries (GFS) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for GlobalFoundries (GFS) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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GlobalFoundries Inc. (GFS) Surpasses Q4 Earnings Estimates
GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.64 per share a year ago.
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GlobalFoundries forecasts weak Q1 amid tariff concerns and smartphone sector struggles
GlobalFoundries on Tuesday forecast first-quarter revenue and profit below Wall Street estimates as the contract chipmaker braces for the potential impact of President Donald Trump's tariffs on automaker clients and a challenging smartphone market in 2025.
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GlobalFoundries Reports Fourth Quarter 2024 and Fiscal Year 2024 Financial Results
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.
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GlobalFoundries appoints Tim Breen as CEO
Contract chipmaker GlobalFoundries has appointed Tim Breen as its chief executive officer, the company said on Wednesday.
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GlobalFoundries Announces New York Advanced Packaging and Photonics Center
First of-its-kind center will offer advanced packaging and test capabilities in New York for U.S.-made essential chips used in AI, automotive, aerospace and defense, and other applications First of-its-kind center will offer advanced packaging and test capabilities in New York for U.S.-made essential chips used in AI, automotive, aerospace and defense, and other applications
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GlobalFoundries climbs after settling lawsuits with IBM
Shares in GlobalFoundries Inc (NASDAQ:GFS) rose 1.2% after a settlement was reached to resolve ongoing lawsuits with International Business Machines Corp (NYSE:IBM). All litigation, including potential breach of contract, trade secrets and intellectual property claims between the two companies have now been resolved, GF said in a statement, adding that it allows the companies to "explore new opportunities for collaboration".
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IBM, GlobalFoundries settle lawsuits over contract, trade secrets
GlobalFoundries and IBM said on Thursday that they have settled dueling lawsuits claiming that GlobalFoundries breached a contract with IBM and that the computer giant misused the chipmaker's trade secrets.
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GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters
MALTA, N.Y. and ARMONK, N.Y.
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GlobalFoundries CEO on the state of semiconductors and CHIPS Act
Tom Caulfield, GlobalFoundaries CEO, joins CNBC's The Exchange to discuss the state of semiconductors, his expectations for the Trump administration, and more.
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Soitec to supply wafers to GlobalFoundries' 9SW platform
Soitec will supply GlobalFoundries (GF) with its RF-SOI wafers for GF's latest radio platform.
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GlobalFoundries GaN Chip Manufacturing Advances with $9.5 Million U.S. Federal Funding
Funding moves GF closer to large-scale production of next-generation gallium nitride chips for a range of RF and high-power applications Funding moves GF closer to large-scale production of next-generation gallium nitride chips for a range of RF and high-power applications
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Beyond NVIDIA: Top 5 Semiconductor Stocks to Watch for 2025
NVIDIA NASDAQ: NVDA stock is heading higher in 2025 because of the persistent and unmet demand for its cutting-edge data center and AI technology. Analysts forecast another 42% upside at the high end of their range, and the actual stock price top may well be higher.
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Dogs of Tech: 3 Semiconductor Stocks Set for a 2025 Rebound
The Dogs of the Dow is an old investment strategy that targets this year's losers as potential winners for next. The idea is that cyclical stocks like the Dow components ebb and flow over time; buying them when they are down should provide a good return over time.
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US finalizes $1.5 billion chips award for GlobalFoundries to expand production
The U.S. Commerce Department said Wednesday it has finalized a $1.5 billion government subsidy for GlobalFoundries to expand semiconductor production in Malta, New York and Vermont.
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GlobalFoundries' poised to get final Chips Act award - source
GlobalFoundries and at least two other chipmakers are poised to receive their final Chips and Science Act awards from the Biden administration, a person briefed on the matter said, a sign of progress amid growing concerns about the pace of the award rollout.
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Why Globalfoundries Rallied Today
The beaten-down semiconductor company's earnings were better than the market feared.
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Why Global Foundries Stock Jumped Today
Global Foundries' Q3 report arrived with better-than-expected sales and earnings and encouraging forward guidance.
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GlobalFoundries CEO on earnings beat: smart devices and autos helped drive growth
Tom Caulfield, GlobalFoundaries CEO, joins CNBC's 'Money Movers' to discuss the company's earnings beat, where the company sees growth going forward, and more.
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GlobalFoundries, Inc. (GFS) Q3 2024 Earnings Call Transcript
GlobalFoundries, Inc. (NASDAQ:GFS ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Sam Franklin - VP, Business Finance & IR Thomas Caulfield - CEO John Hollister - CFO Niels Anderskouv - CBO Conference Call Participants Ross Seymore - Deutsche Bank Krish Sankar - TD Cowen Chris Caso - Wolfe Research Mehdi Hosseini - Susquehanna International Group Mark Lipacis - Evercore ISI Harlan Sur - J.P. Morgan Saad Khan - Bank of America Securities Operator Good day and thank you for standing by.
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GlobalFoundries (GFS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for GlobalFoundries (GFS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Short Squeeze - GlobalFoundries Stock Soars On Q3 Earnings Beat, Strong Q4 Outlook
GlobalFoundries Inc GFS reported a fiscal third-quarter 2024 revenue decline of 6% year-on-year to $1.74 billion, beating the analyst consensus estimate of $1.73 billion.
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GlobalFoundries Inc. (GFS) Tops Q3 Earnings and Revenue Estimates
GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.55 per share a year ago.
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GlobalFoundries forecasts upbeat Q4 results on strong demand from smartphone makers
World's third-largest contract chipmaker, GlobalFoundries , forecast fourth-quarter revenue above Wall Street estimates on Tuesday, driven by recovering semiconductor demand from smartphone makers, sending shares up nearly 10% in premarket trading.
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GlobalFoundries Reports Third Quarter 2024 Financial Results
MALTA, N.Y., Nov. 05, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the third quarter ended September 30, 2024.
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US penalizes GlobalFoundries for shipping chips to Chinese firm
The United States has imposed a $500,000 mitigated penalty against GlobalFoundries for shipping chips to a Chinese company without seeking authorization, the Department of Commerce said on Friday.
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GlobalFoundries and NXP to Deliver Next-Generation 22FDX Solutions for Automotive, IoT and Smart Mobile
Building on years of collaboration, this new process technology collaboration will provide power-efficient and secure connectivity solutions for essential consumer and industrial applications manufactured both in Europe and the U.S. Building on years of collaboration, this new process technology collaboration will provide power-efficient and secure connectivity solutions for essential consumer and industrial applications manufactured both in Europe and the U.S.
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One chip company's newest tactic to attract workers: Help pay off their student loans
Chipmaker GlobalFoundries began offering student loan debt relief to eligible employees this summer. The benefit is aimed at helping the company attract and retain workers.
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UMC or GFS: Which Is the Better Value Stock Right Now?
Investors interested in Electronics - Semiconductors stocks are likely familiar with United Microelectronics Corporation (UMC) and GlobalFoundries Inc. (GFS). But which of these two stocks offers value investors a better bang for their buck right now?
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GlobalFoundries: A Good Value Buy
GlobalFoundries faces growth challenges due to weak demand in key segments, but Smart Mobile Devices show signs of recovery with forecasted 4% increase in smartphone shipments. The Communications Infrastructure & Datacenter segment struggles with competitiveness as customers shift to advanced nodes, impacting GlobalFoundries' market position. Home and Industrial IoT segments are expected to see slow recovery as customer inventories normalize and industrial production growth shows modest improvement.
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GlobalFoundries Announces Conference Call to Review Third Quarter 2024 Financial Results
MALTA, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, November 5, 2024, at 8:30 a.m. ET following the release of the company's third quarter 2024 financial results.
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Is It Time to Buy September's Worst-Performing Nasdaq Stocks?
September is typically a bad month for stocks, but the Nasdaq still gained.
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Why GlobalFoundries (GFS) Stock Is Moving Today
Shares of GlobalFoundries (GFS, Financial) saw a modest increase of 1.98% recently, yet concerns linger due to earlier declines attributed to sector-wide geopolitical and economic challenges. Despite this small uptick, GlobalFoundries has struggled to mirror the recovery observed in other semiconductor stocks.
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Why GlobalFoundries Stock Fell 14% Last Month
Is GlobalFoundries falling behind in the semiconductor race? Find out how broader market trends are affecting this company and its stock.
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GLOBALFOUNDRIES Inc (GFS) Trading 3.92% Higher on Oct 2
Shares of GLOBALFOUNDRIES Inc (GFS, Financial) surged 3.92% in mid-day trading on Oct 2. The stock reached an intraday high of $40.15, before settling at $40.07, up from its previous close of $38.56.
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UMC vs. GFS: Which Stock Is the Better Value Option?
Investors interested in stocks from the Electronics - Semiconductors sector have probably already heard of United Microelectronics Corporation (UMC) and GlobalFoundries Inc. (GFS). But which of these two stocks is more attractive to value investors?
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4 Reasons GlobalFoundries Could Be a Big Winner After Recent Lows
GlobalFoundries Inc. NASDAQ: GFS is a leading global semiconductor foundry that manufactures chips designed by its clients, mostly semiconductor companies. GlobalFoundries was originally a subsidiary of Advanced Micro Devices Inc. NASDAQ: AMD but was spun off because it was more cost-effective to outsource leading-edge chip production to Taiwan Semiconductors Manufacturing Co. Ltd.
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GlobalFoundries: AI, Inventory Stabilizing And Chip Onshoring
GlobalFoundries stock is a buy due to AI opportunities, CHIPS Act funding, and inventory stabilization. Automotive and AI markets are bright spots, with GF benefiting from design wins and partnerships, especially in RF technology for smartphones and data centers. GF's specialization in mature nodes and niche markets like IoT, 5G, and defense ensures stable margins and positive free cash flow, unlike UMC.
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After A Rough Period For Semiconductors, GlobalFoundries Looks Like A Good Rebound Candidate
GlobalFoundries has a solid balance sheet with a strong current ratio and manageable long-term debt, despite industry challenges. The semiconductor industry is cyclical and currently facing overcapacity, but GlobalFoundries is expected to see revenue and earnings growth through 2026 and beyond. The company is cash flow positive and holds $2.2 billion in cash, focusing on growth rather than paying dividends.
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GlobalFoundries and Silicon Catalyst Partner to Accelerate Differentiated Technology Solutions for Semiconductor Startups
GF joins incubator's ecosystem as both a strategic and in-kind partner GF joins incubator's ecosystem as both a strategic and in-kind partner
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Finwave Semiconductor and GlobalFoundries Partner on RF GaN-on-Si Technology for Cellular Handset Applications
WALTHAM, Mass., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Finwave Semiconductor, Inc., a leading innovator in GaN (Gallium Nitride) technology, today announced a strategic technology development and licensing agreement with GlobalFoundries (GF), the world's leading specialty foundry with a rich history of RF leadership.
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Accelerating AI with Essential Chips at GlobalFoundries Technology Summit 2024
GF-made essential chips play a critical role in realizing “AI Everywhere” GF-made essential chips play a critical role in realizing “AI Everywhere”
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GlobalFoundries (GFS) Upgraded to Buy: Here's What You Should Know
GlobalFoundries (GFS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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GlobalFoundries Inc. (GFS) Q2 2024 Earnings Call Transcript
GlobalFoundries Inc. (NASDAQ:GFS ) Q2 2024 Results Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Sam Franklin - Vice President of Business Finance and Investor Relations Thomas Caulfield - President and Chief Executive Officer Niels Anderskouv - Chief Business Officer John Hollister - Chief Financial Officer Conference Call Participants Mark Lipacis - Evercore ISI Ross Seymore - Deutsche Bank CJ Muse - Cantor Fitzgerald Chris Caso - Wolfe Research Joseph Moore - Morgan Stanley Vivek Arya - Bank of America Securities Harlan Sur - J.P. Morgan Operator Good day and thank you for standing by.
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GlobalFoundries (GFS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for GlobalFoundries (GFS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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GlobalFoundries Inc. (GFS) Tops Q2 Earnings and Revenue Estimates
GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.53 per share a year ago.
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GlobalFoundries sees Q3 adjusted profit below estimates as inventory woes persist
GlobalFoundries marginally beat Wall Street expectations for second quarter revenue on Tuesday but forecast third-quarter adjusted profit below expectations, indicating a slower-than-anticipated recovery in chip demand.
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Weebit Nano to present test results of ReRAM performance on GlobalFoundries 22FDX® wafers at FMS 2024
HOD HASHARON, Israel, July 29, 2024 (GLOBE NEWSWIRE) -- Weebit Nano Limited (ASX:WBT), a leading developer and licensor of advanced memory technologies for the global semiconductor industry, is participating at FMS: the Future of Memory and Storage 2024, being held August 6-8, 2024, in Santa Clara, California. FMS is the world's largest conference and exhibition dedicated to the latest trends, innovations, and influencers driving the adoption of high-speed memory and storage technologies.
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Strength Seen in GlobalFoundries (GFS): Can Its 6.8% Jump Turn into More Strength?
GlobalFoundries (GFS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
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Why Intel, GlobalFoundries Are Gaining as Nvidia and Other Chip Stocks Drop
Intel (INTC) and GlobalFoundries (GFS) shares rose in intraday trading Wednesday while Nvidia (NVDA) and other chip stocks tumbled amid concerns about tightening trade restrictions and rising geopolitical tensions affecting the chip industry.
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Why Is GlobalFoundries (GFS) Stock Up Nearly 10% Today?
Semiconductor foundry GlobalFoundries (NASDAQ: GFS ) popped sharply higher on Wednesday, gaining about 10% before paring back some of the enthusiasm. Recent comments by former President Donald Trump catapulted the swing up.
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Why GlobalFoundries Stock Soared 7% on Wednesday
Former President Trump complained about Taiwan's dominance in the market for contract production of semiconductors yesterday. Shares of Taiwan Semiconductor Manufacturing are taking a hit on the news.
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Short Idea Alert: Beyond Meat, Shake Shack, Plus One Semiconductor Stock Analysts Have On Their Lists Right Now
As the market transitions into the second half of 2024, JPMorgan's equity research analysts have identified several companies they believe are ready to be shorted.
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GlobalFoundries Announces Conference Call to Review Second Quarter 2024 Financial Results
MALTA, N.Y., July 08, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, August 6, 2024, at 8:30 a.m. ET following the release of the company's second quarter 2024 financial results.
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GlobalFoundries races to find semiconductor talent as demand for chips soars
The semiconductor industry is recruiting workers in a tight labor market as the competition for talent ramps up and funding from the CHIPS and Science Act continues to be dispersed. It's also staring down a projected shortfall of as much as 1 million workers in the broader U.S. economy by 2030.
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GlobalFoundries Acquires Tagore Technology's GaN Technology to Accelerate Disruptive Power Management Solutions
Technology acquisition expands GF's power management solutions and differentiated roadmap Technology acquisition expands GF's power management solutions and differentiated roadmap
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3 Semiconductor Stocks to Buy on the Dip: June 2024
Semiconductor stocks are delivering record performance as of late. Key technological breakthroughs in fields such as artificial intelligence have caused a gold rush atmosphere across the chip stock space.
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7 Semiconductor Stock Superstars to Make Your Portfolio Sizzle
While it's easy to get locked into semiconductor stocks to buy thanks to the mercurial rise of Nvidia (NASDAQ: NVDA ), there's more to the sector than just one enterprise focused on artificial intelligence. Fundamentally, the chip-manufacturing ecosystem is enticing because it represents the building blocks of innovation.
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BAE Systems and GlobalFoundries Collaborate to Strengthen Supply of Essential Semiconductors for National Security Programs
Collaboration to focus on U.S. chip manufacturing and joint research and development for advanced chip technologies Collaboration to focus on U.S. chip manufacturing and joint research and development for advanced chip technologies
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GlobalFoundries Joins CHIPS Women in Construction Framework
GF commits to framework of U.S. Commerce Secretary Gina Raimondo's “Million Women in Construction” Initiative GF commits to framework of U.S. Commerce Secretary Gina Raimondo's “Million Women in Construction” Initiative
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Short Squeeze Savants: 3 Stocks Outsmarting the Bearish Hordes
The return of Keith Gill, the trader commonly known as Roaring Kitty, has sparked a great deal of enthusiasm. All sorts of meme stocks and heavily shorted companies are seeing their share prices rally on this development.
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ElevATE Semiconductor and GlobalFoundries Partner on High-Voltage Chips for Commercial and National Security Applications
Following demand from customers, collaboration will provide a new supply of chips on GF's power efficient and feature-rich 7HV semiconductor platform Following demand from customers, collaboration will provide a new supply of chips on GF's power efficient and feature-rich 7HV semiconductor platform
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GlobalFoundries Recognized on USA Today's “America's Climate Leaders 2024” List
MALTA, N.Y., May 30, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) has been named to USA Today's “America's Climate Leaders 2024” list. GF's inclusion on the list, announced today and viewable here, is the latest recognition of the company's longstanding commitment to sustainability and corporate responsibility.
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GlobalFoundries Announces Pricing of $950 Million Secondary Offering of Ordinary Shares, Including Concurrent $200 Million Share Repurchase
MALTA, N.Y., May 22, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (“GlobalFoundries” or “GF”) (Nasdaq: GFS), today announced the pricing of a secondary public offering of $950 million of its ordinary shares at a price to the public of $50.75 per share (including a $200 million share repurchase, as described below). All of the shares in the offering are being offered by Mubadala Technology Investment Company (the “Selling Shareholder”). The Selling Shareholder is a wholly owned subsidiary of Mubadala Investment Company PJSC (which, together with its affiliates, is GlobalFoundries' largest shareholder). The Selling Shareholder has also granted the underwriters a 30-day option to purchase up to an additional $112.5 million of GlobalFoundries' ordinary shares (equal to 15% of the initial ordinary shares being sold to the public) at the public offering price minus underwriting discounts and commissions. The offering is expected to close on May 28, 2024, subject to customary closing conditions.
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GlobalFoundries Announces Launch of $950 Million Secondary Offering of Ordinary Shares, Including Concurrent $200 Million Share Repurchase
MALTA, N.Y., May 22, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (“GlobalFoundries” or “GF”) (Nasdaq: GFS) today announced the launch of a secondary public offering of $950 million of its ordinary shares (including a $200 million share repurchase, as described below). All of the shares in the offering are being offered by Mubadala Technology Investment Company (the “Selling Shareholder”). The Selling Shareholder is a wholly owned subsidiary of Mubadala Investment Company PJSC (which, together with its affiliates, is GlobalFoundries' largest shareholder). The Selling Shareholder is expected to grant the underwriters a 30-day option to purchase up to an additional $112.5 million of GlobalFoundries' ordinary shares (equal to 15% of the initial ordinary shares being sold to the public).
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GlobalFoundries Partners with Micron and U.S. National Science Foundation to Drive Semiconductor Workforce Development at Minority Serving Institutions
Effort aims to develop the next generation of diverse semiconductor talent, accelerate R&D and strengthen collaboration between industry and academia Effort aims to develop the next generation of diverse semiconductor talent, accelerate R&D and strengthen collaboration between industry and academia
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Tech's Lean, Mean Profit Machines: 7 Streamlined Stocks Ready to Roar
While the innovation ecosystem has rightfully commanded much of the attention on Wall Street, investors may want to consider profitable tech stocks. As circumstances become more challenging, it's the substantive enterprises that may last for the long haul.
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International Assets Investment Management LLC Sells 1,464 Shares of GLOBALFOUNDRIES Inc. (NASDAQ:GFS)
International Assets Investment Management LLC lowered its position in GLOBALFOUNDRIES Inc. (NASDAQ:GFS – Free Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,770 shares of the company’s stock after selling 1,464 shares during the period. International Assets Investment Management LLC’s holdings in GLOBALFOUNDRIES were worth $531,000 as of its most recent SEC filing. Several other hedge funds have also added to or reduced their stakes in the business. Advisors Preferred LLC bought a new position in GLOBALFOUNDRIES in the third quarter valued at approximately $58,000. Blue Trust Inc. lifted its position in GLOBALFOUNDRIES by 31.6% in the 4th quarter. Blue Trust Inc. now owns 1,510 shares of the company’s stock valued at $88,000 after acquiring an additional 363 shares in the last quarter. Toronto Dominion Bank boosted its stake in GLOBALFOUNDRIES by 122.5% in the 3rd quarter. Toronto Dominion Bank now owns 3,473 shares of the company’s stock worth $202,000 after purchasing an additional 1,912 shares during the period. Himension Capital Singapore PTE. LTD. bought a new position in GLOBALFOUNDRIES during the 3rd quarter worth about $216,000. Finally, Headlands Technologies LLC acquired a new stake in shares of GLOBALFOUNDRIES in the 3rd quarter valued at about $225,000. Wall Street Analysts Forecast Growth Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on GLOBALFOUNDRIES from $56.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Jefferies Financial Group began coverage on shares of GLOBALFOUNDRIES in a research note on Monday, May 13th. They set a “buy” rating and a $62.00 price target for the company. Susquehanna lifted their price objective on shares of GLOBALFOUNDRIES from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Needham & Company LLC restated a “hold” rating on shares of GLOBALFOUNDRIES in a report on Wednesday, May 8th. Finally, Morgan Stanley lifted their price target on shares of GLOBALFOUNDRIES from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.62. View Our Latest Stock Analysis on GLOBALFOUNDRIES GLOBALFOUNDRIES Trading Down 0.4 % GLOBALFOUNDRIES stock opened at $53.95 on Monday. The stock has a 50-day simple moving average of $50.67 and a 200 day simple moving average of $53.95. The stock has a market capitalization of $29.86 billion, a P/E ratio of 33.30, a PEG ratio of 5.08 and a beta of 1.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.59 and a current ratio of 2.18. GLOBALFOUNDRIES Inc. has a 52 week low of $45.52 and a 52 week high of $68.57. GLOBALFOUNDRIES Company Profile (Free Report) GLOBALFOUNDRIES Inc operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies.
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Financial Contrast: ORIX (NYSE:IX) versus TROOPS (NASDAQ:TROO)
TROOPS (NASDAQ:TROO – Get Free Report) and ORIX (NYSE:IX – Get Free Report) are both multi-sector conglomerates companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, analyst recommendations, earnings, dividends, valuation, profitability and institutional ownership. Analyst Recommendations This is a breakdown of recent recommendations and price targets for TROOPS and ORIX, as reported by MarketBeat. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score TROOPS 0 0 0 0 N/A ORIX 0 0 0 0 N/A Profitability This table compares TROOPS and ORIX’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets TROOPS N/A N/A N/A ORIX 12.25% 8.88% 2.15% Earnings & Valuation This table compares TROOPS and ORIX’s gross revenue, earnings per share and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio TROOPS $3.57 million N/A -$1.72 million N/A N/A ORIX $19.50 billion 1.30 $2.39 billion $10.27 10.64 ORIX has higher revenue and earnings than TROOPS. Risk and Volatility TROOPS has a beta of 1.42, meaning that its share price is 42% more volatile than the S&P 500. Comparatively, ORIX has a beta of 0.87, meaning that its share price is 13% less volatile than the S&P 500. Institutional & Insider Ownership 1.7% of ORIX shares are held by institutional investors. 1.1% of TROOPS shares are held by insiders. Comparatively, 0.1% of ORIX shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term. Summary ORIX beats TROOPS on 6 of the 8 factors compared between the two stocks. About TROOPS (Get Free Report) TROOPS, Inc., together with its subsidiaries, engages in the money lending business in Hong Kong and Australia. The company provides mortgage, personal, and corporate loans; operates online financial marketplace through a platform for money lending, system integration, and consultation services; and invests in real estate properties in Hong Kong. It also offers fintech and IT support services, which includes artificial intelligence, big data and blockchain technology, machine learning, fingerprint ID, facial recognition, and cloud computing, and GFS strives; and engages in property leasing and management services. The company was formerly known as SGOCO Group, Ltd. and changed its name to TROOPS, Inc. in November 2021. TROOPS, Inc. was founded in 2005 and is headquartered in Tsuen Wan, Hong Kong. About ORIX (Get Free Report) ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services. Its Real Estate segment develops, rents, and manages real estate properties; operates facilities; real estate asset management; manages residential condominiums and office building; and provides construction contracting, real estate brokerage, and real estate investment advisory services, as well as operates hotels and Japanese inns. The company's PE Investment and Concession segment engages in the private equity (PE) investment and concession businesses. Its Environment and Energy segment provides renewable energy; ESCO; retails electric power; sells solar panels and battery electricity storage systems; and recycling and waste management services, as well as generates solar power. The company's Insurance segment sells life insurance products through agents, banks, and other financial institutions, as well as face-to-face and online. Its Banking and Credit segment provides banking and consumer finance services. The company's Aircraft and Ships segment engages in the aircraft leasing and management, and ship-related finance and investment businesses. Its ORIX USA segment offers finance, investment, and asset management services. The company's ORIX Europe segment provides equity and fixed income asset management services. Its Asia and Australia segment offers finance and investment businesses. The company was formerly known as Orient Leasing Co., Ltd. and changed its name to ORIX Corporation in 1989. ORIX Corporation was incorporated in 1950 and is headquartered in Tokyo, Japan.
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Tech Stocks on the Move Today: GlobalFoundries, Datadog, and More
Tech stocks lost ground in intraday trading Tuesday, with the S&P 500 Information Technology Sector Index 0.5% lower as of 2:30 p.m. ET, while the broader S&P 500 was little changed and the tech-heavy Nasdaq lost 0.2%.
investopedia.com
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GLOBALFOUNDRIES Inc. (GFS) Q1 2024 Earnings Call Transcript
GLOBALFOUNDRIES Inc. (NASDAQ:GFS ) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Sam Franklin - Vice President of Business Finance & Investor Relations Thomas Caulfield - Chief Executive Officer John Hollister - Chief Financial Officer Niels Anderskouv - Chief Business Officer Conference Call Participants Vivek Arya - Bank of America Securities Chris Caso - Wolfe Research Harlan Sur - JP Morgan Joseph Moore - Morgan Stanley Christopher Danely - Citi Ross Seymore - Deutsche Bank CJ Muse - Cantor Fitzgerald Mehdi Hosseini - Susquehanna International Group Operator Good day and thank you for standing by. Welcome to the GLOBALFOUNDRIES Conference Call to review the First Quarter of Fiscal Year 2024 Financial Results.
seekingalpha.com
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GlobalFoundries (GFS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for GlobalFoundries (GFS) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
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GlobalFoundries Stock Surges as Income Nearly Doubles Expectations
Shares of semiconductor maker GlobalFoundries (GFS) jumped after markets opened Tuesday following the release of a first-quarter earnings report that beat expectations.
investopedia.com
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GlobalFoundries Inc. (GFS) Beats Q1 Earnings and Revenue Estimates
GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.52 per share a year ago.
zacks.com
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Chipmaker GlobalFoundries Tops Q1 Views, Offers Reassuring Outlook
Contract chipmaker GlobalFoundries beat estimates for the first quarter and offered in-line to better-than-expected guidance for the current period.
investors.com
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GlobalFoundries forecasts Q2 revenue, profit above estimates on chip market recovery
GlobalFoundries forecast second-quarter revenue above Wall Street estimates on Tuesday, betting on improving demand for semiconductors after a years-long slump that was caused by surplus inventory at its customers.
reuters.com
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GlobalFoundries Reports First Quarter 2024 Financial Results
MALTA, N.Y., May 07, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the first quarter ended March 31, 2024.
globenewswire.com
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Discount Alert! 7 Hot Stocks Heading for the Clearance Rack.
With the market encountering significant challenges, now may be the time to consider stocks on sale. While it's always a sweaty-palm affair to buy into the red ink, doing so may give the speculator significant upside.
investorplace.com
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GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050
New goals target additional reductions and removal of greenhouse gas emissions to help fight climate change New goals target additional reductions and removal of greenhouse gas emissions to help fight climate change
globenewswire.com
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GlobalFoundries Announces Conference Call to Review First Quarter 2024 Financial Results
MALTA, N.Y., April 05, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, May 7, 2024, at 8:30 a.m. ET following the release of the company's first quarter 2024 financial results.
globenewswire.com
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4 Stocks with Surprisingly Large Short Interest
As the overall market continues to break records and achieve new heights, speculation and optimism are rising. During such periods, stocks with unusually high short interest tend to outperform, as the overall market's strength and bullish sentiment can overwhelm the fundamental reasons that caused bears to initiate short positions.
marketbeat.com
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Beyond the Biggies: 3 Alternative Chip Stocks Gaining Traction
There are some alternative chip stocks available beyond the marquee names of Nvidia (NASDAQ: NVDA ), Intel (NADAQ: INTC ) and the like. The reason I'm bullish on these companies is because they have one thing in common: lower valuations than the mainstream stocks we're all used to talking about.
investorplace.com
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GlobalFoundries Gets a Downgrade. The Stock Drops.
Susquehanna analyst Mehdi Hosseini changed his rating to Neutral from Positive.
barrons.com
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The Top 3 Nasdaq Stocks to Buy in March 2024
The positive future of the United States economy is evident in its recent strong growth, with a 2.5% expansion in 2023. Consumer spending, a major driving force, grew at a healthy 3% annual pace in the last quarter.
investorplace.com
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Bear of the Day: GlobalFoundries (GFS)
When I last wrote about GlobalFoundries ( GFS ) in early July, as shares were trading near $65, I summed up that this "US-based Semi fabricator fights to draw new business in a global nanometer AI-chip war." Well after their Q4 report two weeks ago, the story has not improved, with continued year-over-year declines in sales and profits and weaker guidance for both that has dropped the stock back into the cellar of the Zacks Rank.
zacks.com
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Semiconductor industry hails GlobalFoundries' $1.5bn CHIPS funding
The US government has awarded a $1.5 billion grant to GlobalFoundries under a broader initiative to enhance domestic semiconductor production. This funding, part of the CHIPS and Science Act initiative approved by Congress in 2022, will facilitate the construction of a new semiconductor production site in New York, and the expansion of operations in Vermont.
proactiveinvestors.com
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Globalfoundries stock jumps on US govt's $1.5-billion grant to boost chip production
Globalfoundries Inc (NASDAQ:GFS) closed at $53.38, marking a significant pre-market surge of $3.88. Pre-market trading tends to exhibit heightened volatility due to lower trading volume outside standard hours.
invezz.com
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CHIPS Act Support For GlobalFoundries Will Strengthen Key Domestic Capabilities
The announcement of a preliminary memorandum to provide approximately $1.5 billion in direct funding under the CHIPS and Science Act to GlobalFoundries (GF) signals an investment in critical domestic capabilities around mixed signal and analog technology, a branch of the semiconductor industry that gets far less attention than it deserves. While the majority of the funding will contribute towards the expansion of GF's facilities in Malta, NY, some portion will be directed towards the revitalization of its Fab 9 in Essex Junction (Burlington), Vermont.
forbes.com
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