GlobalFoundries Stock News

MALTA, N.Y., Nov. 04, 2026 (GLOBE NEWSWIRE) -- GLOBALFOUNDRIES Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the third quarter ended September 30, 2026.

Globalfoundries Inc (NASDAQ:GFS), the American semiconductor manufacturer, fell over 5% on Thursday morning in New York, retreating after a major US-Japan manufacturing agreement sent its shares higher a day earlier. The pullback came despite plans by the Trump administration to increase its equity stake in the chipmaker from 3% to 7%, more than doubling its holding.

GlobalFoundries will operate two new factories in New York, with Japan providing funding under an initiative worth up to $21 billion.

GlobalFoundries will operate two new chip fabs in Malta, N.Y., under a U.S.-Japan alliance that will provide up to $21 billion to the chipmaker.

GlobalFoundries plans to build two new semiconductor-manufacturing facilities in New York under a U.S.-Japanese initiative providing up to $21 billion in funding.

Japan will invest up to $21 billion in two chip factories in New York state that will be jointly ​owned by the US government and Japanese interests and operated by GlobalFoundries the company ‌said on Wednesday.

President Trump's agreement with Japan unlocks up to $21 billion investment to expand foundational semiconductor production, support American jobs and strengthen domestic supply chains President Trump's agreement with Japan unlocks up to $21 billion investment to expand foundational semiconductor production, support American jobs and strengthen domestic supply chains