GlobalFoundries Stock News

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

New FDX Fusion platform extends GF's FD-SOI leadership as the first process technology in Europe to deliver single-digit nanometer digital performance optimized for the physical world New FDX Fusion platform extends GF's FD-SOI leadership as the first process technology in Europe to deliver single-digit nanometer digital performance optimized for the physical world

Globalfoundries Inc (NASDAQ:GFS) shares rose over 3% to $49.86 on Thursday morning after the semiconductor manufacturer announced a multiyear agreement with TSMC valued at $2 billion to expand US production of advanced packaging components. The agreement will see GlobalFoundries add manufacturing capacity at its Malta, New York, facility to supply silicon interposers for TSMC's CoWoS advanced p...