GlobalFoundries Inc. Ordinary Shares (GFS)
GlobalFoundries Inc. is a leading provider of semiconductor manufacturing services, specializing in advanced process technologies for integrated circuits. The company offers a wide range of fabrication solutions to clients across various industries, including mobile, automotive, and data centers. Headquartered in the United States, GlobalFoundries focuses on producing high-performance chips and supporting the global semiconductor supply chain.
Company News
The global semiconductor plant construction market is projected to grow from $43.81 billion in 2024 to $104.84 billion by 2032, driven by increasing demand for semiconductors in technologies like 5G, AI, electric vehicles, and IoT, with significant government incentives supporting domestic manufacturing.
GlobalFoundries reported Q2 earnings beating expectations with 3.4% revenue growth, but faces challenges in consumer electronics segment. The company's Q3 guidance was below analyst expectations, reflecting ongoing market difficulties.
GlobalFoundries announced a strategic acquisition of MIPS, a leading AI and processor IP supplier, to expand its customizable IP offerings and enhance capabilities in AI platforms across automotive, industrial, and datacenter markets.
Intel reported a $19.2 billion net loss for 2024, leading to restructuring rumors. Qualcomm, GlobalFoundries, Broadcom, and TSMC are reportedly exploring acquiring parts of Intel's business.
Intel is rapidly transforming into a top U.S. foundry company to manufacture high-end semiconductors, with government funding support. Read more here.
