GlobalFoundries Stock News

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.

The beaten-down semiconductor company's earnings were better than the market feared.

Global Foundries' Q3 report arrived with better-than-expected sales and earnings and encouraging forward guidance.

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...

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.

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.

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.

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 ...