MALTA, N.Y., April 02, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, May 6, 2025, at 8:30 a.m. ET following the release of the company’s first quarter 2025 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, May 6, 2025, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company’s financial results an ...

The new company would eventually invest in research and development in the U.S. and potentially become an alternative to Taiwan Semiconductor Manufacturing, the report said. Taiwan Semiconductor announced a $100 billion investment in the U.S. earlier this month to bolster chip manufacturing. The deal brought the company's total investment in the U.S. to $165 billion. U.S. shares of United Microelectronics popped 13% on the news, while GlobalFoundries shares dipped about 1%. Nikkei reported the news, citing ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 _________________________ FORM 20-F _________________________ o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 1 ...

Expanded collaboration includes joint research on GF’s leading semiconductor platformsCAMBRIDGE, Mass. and MALTA, N.Y., Feb. 27, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) and the Massachusetts Institute of Technology (MIT) today announced a new master research agreement to jointly pursue advancements and innovations for enhancing the performance and efficiency of critical semiconductor technologies. The collaboration will be led by MIT’s Microsystems Technology Laboratories (MTL) and GF’s ...

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.The U.S. foundry, which produces chips on specialty lagging-edge nodes, had an earnings report that encouraged analysts. In addition, Vice President JD Vance made a speech touting domestic U.S. chip manufacturing, which lit a fire under GlobalFoundries and other U.S.-based chipmakers.GlobalFoundries beats expectations as it aims for a recoveryIn the fourth qu ...

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.P. Morgan Vivek Arya - Bank of America Securities Quinn Bolton - Needham & Company Operator Good day, and thank you ...

GlobalFoundries Inc. (GFS) reported $1.83 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 1.3%. EPS of $0.46 for the same period compares to $0.64 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.83 billion, representing a surprise of -0.15%. The company delivered an EPS surprise of +2.22%, with the consensus EPS estimate being $0.45.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.22%. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.41, delivering a surprise of 24.24%.Over the last four quarters, the compa ...

Fourth Quarter and Full-Year 2024 Financial Results (unaudited) February 11, 2025 1 Disclaimer This presentation and the accompanying oral presentation include "forward-looking statements," that reflect our current expectations and views of future events. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding our financial outlook, future guidance, product development, ...

GlobalFoundries Reports Fourth Quarter 2024 and Fiscal Year 2024 Financial Results Malta, New York, February 11, 2025 - GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2024. Key Fourth Quarter Financial Highlights Key Full Year 2024 Financial Highlights "In the fourth quarter, the GF team delivered solid financial results that exceeded the Non-IFRS midpoint of the guidance ranges we provided in our November earni ...