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.

Additional innovation winners announced for 2023 Master Inventors and DE&I in Inventorship Champion Additional innovation winners announced for 2023 Master Inventors and DE&I in Inventorship Champion

GlobalFoundries Engineer Receives $50,000 Award for Groundbreaking Technology Advances in Inaugural GFX Prize Program

MALTA, N.Y., April 04, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, May 9, 2023, at 8:30 a.m. ET following the release of the company's first quarter 2023 financial results.

GlobalFoundries Announces Conference Call to Review First Quarter 2023 Financial Results

New partnership to include educational opportunities for Georgia Tech students and faculty, STEM outreach, and joint R&D programs on GF technology New partnership to include educational opportunities for Georgia Tech students and faculty, STEM outreach, and joint R&D programs on GF technology

Georgia Tech and GlobalFoundries to Collaborate on Joint Semiconductor Research and Workforce Development

After steady growth since its IPO, GlobalFoundries is poised for a fall in revenue this year. Despite a less certain immediate outlook, profit margins look poised to keep rising.

The CHIPS Act Is Accepting Applications -- Does That Make GlobalFoundries Stock a Buy?

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Sellers knocked the stock market lower again, hurt by an earnings sell-off for Home Depot and another big jump in the 10-year Treasury yield. The post Stock Market Takes Another Hit As 10-Year Yield Approaches 4%; GlobalFoundries Triggers Sell Signal appeared first on Investor's Business Daily.

Stock Market Takes Another Hit As 10-Year Yield Approaches 4%; GlobalFoundries Triggers Sell Signal

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GlobalFoundries and General Motors Team Up -- a Win-Win for Both Companies?

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As semiconductor stocks soar, GlobalFoundries inks a deal with GM to make chips and posts 700% growth. GFS stock soars on the news.

Chipmaker Blasts Into Buy Zone On IoT Expansion, 700% Growth

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GLOBALFOUNDRIES Inc. (NASDAQ:GFS ) Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET Company Participants Sam Franklin - Head of Capital Markets and Investor Relations Tom Caulfield - Chief Executive Officer Dave Reeder - Chief Financial Officer Conference Call Participants Mark Lipacis - Jefferies Joseph Moore - Morgan Stanley Harlan Sur - JPMorgan Vivek Arya - Bank of America Ross Seymore - Deutsche Bank Chris Caso - Credit Suisse Mehdi Hosseini - SIG Rajvindra Gill - Needham Operator Good day and thank you for standing by. Welcome to the Conference Call to review Fourth Quarter of Fiscal Year 2022 Financial Results.

GLOBALFOUNDRIES Inc. (GFS) Q4 2022 Earnings Call Transcript

Semiconductor manufacturer GlobalFoundries Inc. GFS, +2.42% reported revenue and earnings that topped expectations Tuesday morning. The company generated fourth-quarter net income of $668 million, or $1.21 a share, compared with $43 million, or 8 cents a share, in the year-earlier period.

GlobalFoundries earnings, revenue beat expectations

Contract chipmaker GlobalFoundries on Tuesday easily beat Wall Street's targets for the fourth quarter. The post Contract Chipmaker GlobalFoundries Exceeds Fourth-Quarter Goals appeared first on Investor's Business Daily.

Contract Chipmaker GlobalFoundries Exceeds Fourth-Quarter Goals

Record Revenue, Gross Margin, Adjusted EBITDA, and Net Income Record Revenue, Gross Margin, Adjusted EBITDA, and Net Income

GlobalFoundries Reports Fourth Quarter and Fiscal Year 2022 Financial Results

While mass layoffs have predominantly characterized tech firms lately, GlobalFoundries (NASDAQ: GFS ) is bringing some much-needed positive energy to the sector. Earlier this morning, the semiconductor contract manufacturing and design company inked a deal with automaker General Motors (NYSE: GM ).

GFS Stock Alert: GlobalFoundries, General Motors Team Up on Chip Production

The semiconductor maker GlobalFoundries will dedicate part of its output to G.M. as the automaker offers more electric vehicles and driver-assistance systems.

General Motors Reaches Deal to Ensure Its Chip Supply

Automakers have struggled in recent years to secure the semiconductor chips needed in today's modern and increasingly tech-laden vehicles. The shortage has chipped away at profits, periodically idled factories and left automakers with unfinished vehicles that consumers are ready to buy.

GM locks in exclusive semiconductor chip production with GlobalFoundries

General Motors Co and chipmaker GlobalFoundries Inc on Thursday announced a long-term deal for the automaker to secure U.S.-made processors that will enable it to avoid the factory-halting chip shortages that kept millions of cars from being manufactured during the pandemic.

GM inks agreement with GlobalFoundries to secure chips made in the U.S.

GM has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips.

General Motors signs deal with GlobalFoundries for exclusive U.S. semiconductor production

MALTA, N.Y. and DETROIT , Feb. 9, 2023 /PRNewswire/ -- General Motors Co. (NYSE: GM) and GlobalFoundries (NASDAQ: GFS) (GF) today announced a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM's chip supply.

GlobalFoundries and GM Announce Long-Term Direct Supply Agreement for U.S. Production of Semiconductor Chips

Technology acquisition expands GF's portfolio and differentiated roadmap while accelerating the commercialization of memory solutions Technology acquisition expands GF's portfolio and differentiated roadmap while accelerating the commercialization of memory solutions

GlobalFoundries Acquires Renesas' Non-Volatile Resistive RAM Technology to Proliferate IoT and 5G Applications

The semiconductor industry has taken a beating in the last year, with SMH off more than 25%. One outperforming chips stock features a flat YoY return as it benefits from the emerging re-shoring narrative.

GlobalFoundries: A Re-Shoring Winner In A Sea Of Sour Semi Stocks

Analysts at Goldman do not seem to share the enthusiasm of the U.S. Department of Commerce concerning the CHIPS Act. This thesis shows that the CHIPS Act will indeed be helpful to reduce dependence on Asia, but, if done in a targeted fashion, as exemplified by GlobalFoundries.

GlobalFoundries: Made-In-USA Is Profitable And CHIPS Act Is A Positive

MALTA, N.Y., Jan. 06, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) (GF) today announced that it will host a conference call on Tuesday, February 14, 2023, at 8:30 a.m. ET following the release of the company's fourth quarter and full-year 2022 financial results.

News for GlobalFoundries Stock (GFS)