GlobalFoundries Stock News

Expanded collaboration includes joint research on GF's leading semiconductor platforms Expanded collaboration includes joint research on GF's leading semiconductor platforms

Shares of U.S. specialty chip manufacturer GlobalFoundries (GFS -1.68%) rallied 11.4% this week, according to data from S&P Global Market Intelligence.

GlobalFoundries, Inc. (NASDAQ:GFS ) Q4 2024- Earnings Conference Call February 11, 2025 8:30 AM ET Company Participants Sam Franklin - VP, Business Finance & IR Thomas Caulfield - CEO John Hollister - CFO Niels Anderskouv – CBO Tim Breen - COO Conference Call Participants Chris Caso - Wolfe Research Mark Lipacis - Evercore ISI Krish Sankar - TW Cowen Ross Seymore - Deutsche Bank Harlan Sur - J....

GlobalFoundries on Tuesday forecast first-quarter revenue and profit below Wall Street estimates as the contract chipmaker braces for the potential impact of President Donald Trump's tariffs on automaker clients and a challenging smartphone market in 2025.

MALTA, N.Y., Feb. 11, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2024.

Contract chipmaker GlobalFoundries has appointed Tim Breen as its chief executive officer, the company said on Wednesday.

First of-its-kind center will offer advanced packaging and test capabilities in New York for U.S.-made essential chips used in AI, automotive, aerospace and defense, and other applications First of-its-kind center will offer advanced packaging and test capabilities in New York for U.S.-made essential chips used in AI, automotive, aerospace and defense, and other applications

Shares in GlobalFoundries Inc (NASDAQ:GFS) rose 1.2% after a settlement was reached to resolve ongoing lawsuits with International Business Machines Corp (NYSE:IBM). All litigation, including potential breach of contract, trade secrets and intellectual property claims between the two companies have now been resolved, GF said in a statement, adding that it allows the companies to "explore new op...