The company will host a conference call with the financial community on Tuesday, August 6, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. ©GlobalFoundries Inc. GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners. Conference Call and Webcast Information About GF ir@gf.com The company's financial results and a webcast of the confer ...

"We are committed to being the foundation of our customers' power applications today and for decades to come," said Niels Anderskouv, chief business officer at GF. "With this acquisition, GF takes another step toward accelerating the availability of GaN and empowering our customers to build the next generation of power management solutions that will reshape the future of mobility, connectivity and intelligence." "GlobalFoundries is at the forefront of technological advancements. With Tagore Technology joini ...

"We are committed to being the foundation of our customers' power applications today and for decades to come," said Niels Anderskouv, chief business officer at GF. "With this acquisition, GF takes another step toward accelerating the availability of GaN and empowering our customers to build the next generation of power management solutions that will reshape the future of mobility, connectivity and intelligence." Combining this manufacturing capacity with the technical know-how of the Tagore team, GF is set ...

Core Viewpoint - The semiconductor industry is experiencing a mixed performance, with some companies benefiting from AI advancements while others struggle due to exposure to cyclical markets [1][9]. Group 1: Intel (INTC) - Intel's stock has declined by 35% over the past five years, contrasting sharply with the nearly 400% increase of the Vaneck Semiconductor ETF [2]. - The company is investing significantly in modernization, with $32 billion allocated for Arizona facilities and $28 billion for new fabs in Ohio, supported by the Biden Administration's CHIPs Act [3]. - Despite recent challenges, Intel maintains a robust R&D budget of over $16 billion annually, positioning it to potentially regain competitiveness against rivals like Nvidia and AMD [12]. Group 2: GlobalFoundries (GFS) - GlobalFoundries is a major semiconductor foundry with approximately $7 billion in annual revenues [5]. - The stock has decreased by 15% in the past year, primarily due to its exposure to cyclical industries like automotive [6]. - The company is investing in a new state-of-the-art plant in Saratoga Springs, New York, which may attract clients looking to diversify supply chains amid geopolitical risks [14][17]. Group 3: Photronics (PLAB) - Photronics is currently trading at less than 12 times forward earnings and is considered a strong investment opportunity [7]. - The stock has tripled over the past five years but is down about 20% year-to-date, presenting a favorable entry point for investors [8]. - The company specializes in photomasks, which are essential for semiconductor manufacturing, and is expected to benefit from increased demand driven by AI and IoT applications [15][19].

MALTA, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- BAE Systems (LON: BA) and GlobalFoundries (Nasdaq: GFS) (GF) today announced a new collaboration to strengthen the supply of critical semiconductors for national security programs. Under the strategic agreement, the companies will align technology roadmaps and collaborate on long-term strategies for increasing U.S. semiconductor innovation and manufacturing, with the joint goal of advancing the ecosystem for domestic fabrication and packaging of secure chips an ...

Core Viewpoint - GlobalFoundries (GF) has committed to the U.S. Department of Commerce's CHIPS Women in Construction Framework, aiming to increase the representation of women and economically disadvantaged individuals in the construction workforce as part of the Million Women in Construction initiative [10][11]. Group 1: Commitment and Framework - GF will collaborate with contractors, trade unions, and community organizations to implement best practices that enhance recruitment and retention of women and economically disadvantaged individuals in construction [11][12]. - The CHIPS Women in Construction Framework consists of five best practices designed to support the successful completion of CHIPS program-funded projects [12]. Group 2: Workforce Development Initiatives - GF has announced a partnership with Micron Technology and the U.S. National Science Foundation to invest in workforce development at Minority Serving Institutions (MSI) to address the workforce needs of the U.S. semiconductor ecosystem [3]. - The company has introduced a student loan repayment program to assist U.S.-based employees and eligible recruits in paying up to $28,500 in student loan debt, tax-free, along with other benefits such as tuition reimbursement and childcare subsidies [4]. Group 3: Educational Outreach and Partnerships - GF has established strategic partnerships with top universities and community colleges to build a diverse workforce and semiconductor talent pipeline [5]. - The company runs a STEM outreach program aimed at engaging middle and high school students to raise industry awareness and provide hands-on experiences [5]. Group 4: Company Overview - GlobalFoundries is a leading semiconductor manufacturer known for its innovative process technology solutions and diverse workforce, with a manufacturing footprint across the U.S., Europe, and Asia [7].

Group 1: Company Initiatives - GlobalFoundries (GF) announced a new student loan repayment program to assist U.S.-based employees and eligible recruits in paying up to $28,500 in student loan debt, tax-free [1] - GF offers tuition reimbursement for employees pursuing undergraduate and graduate degrees, fully paid parental leave, an employee fitness stipend, and childcare subsidies [1] - GF has established a first-of-its-kind apprenticeship program providing full-time paid positions and cost-free college courses for individuals with no prior experience in the semiconductor industry [1] Group 2: Commitment to Diversity - GF committed to the U.S. Department of Commerce's CHIPS Women in Construction Framework, aiming to increase the representation of women and economically disadvantaged individuals in the construction workforce [7] - The CHIPS initiative seeks to double the number of women in construction over the next decade, with GF's Chief People Officer announcing the commitment at a White House event [7] - GF will collaborate with contractors, trade unions, and community organizations to implement best practices that support the recruitment and retention of women and economically disadvantaged individuals [3][4] Group 3: Strategic Partnerships and Outreach - GF has formed strategic partnerships with top universities and community colleges to build a diverse workforce and semiconductor talent pipeline [9] - The company engages in STEM outreach programs to inspire younger students and raise industry awareness through hands-on experiences [9] - In May, GF announced a partnership with Micron Technology and the U.S. National Science Foundation to invest in workforce development at Minority Serving Institutions [12]

Core Insights - ElevATE Semiconductor and GlobalFoundries (GF) have formed a manufacturing partnership to produce high-voltage chips at GF's facility in Essex Junction, Vermont, which are essential for commercial semiconductor testing equipment and aerospace and defense applications [1][2][3] Company Overview - ElevATE Semiconductor specializes in advanced semiconductor test and ATE solutions, focusing on high-density integrated circuits (ICs) to reduce testing costs for customers [5] - GlobalFoundries is a leading semiconductor manufacturer, providing innovative process technology solutions and a diverse range of design, development, and fabrication services across the U.S., Europe, and Asia [6] Technology and Production - The partnership will utilize GF's 7HV technology platform, which is optimized for cost and performance, and manufactured on 200mm wafers, delivering power management and wireless sensing capabilities [2][3] - The collaboration aims to restart the production of 7HV chips, which will save customers costs and time by avoiding the need to redesign products with different chip technologies [3][4] Strategic Importance - This collaboration is significant for ElevATE's production strategy, ensuring a reliable supply of chips to meet increasing customer demands for volume, quality, and time-to-market [4] - GF emphasizes its commitment to supporting the U.S. semiconductor and national security ecosystems by providing secure, domestically manufactured chips [4]

Core Insights - ElevATE Semiconductor and GlobalFoundries (GF) have formed a manufacturing partnership to produce high-voltage chips at GF's facility in Essex Junction, Vermont, which are essential for commercial semiconductor testing and aerospace and defense applications [1][2][3] Group 1: Partnership Details - The agreement includes GF supplying its 7HV chip technology to ElevATE, with chips manufactured on 200mm wafers at GF's Vermont facility, combining power management and wireless sensing capabilities [2][3] - The 7HV platform is designed for cost and performance optimization, featuring a comprehensive suite of design tools and proven manufacturing reliability [2][3] Group 2: Production Strategy - ElevATE and GF are collaborating to restart the production of 7HV chips, which will help clients save costs and time while avoiding the need to redesign products with different chip technologies [3][4] - This partnership signifies a shift in ElevATE's production strategy, ensuring a reliable supply to meet increasing customer demands for volume, quality, and time-to-market [4] Group 3: Industry Impact - GF emphasizes its commitment to supporting the U.S. semiconductor and national security ecosystems by providing a secure supply of domestically manufactured chips [4] - GF's Essex Junction facility is a key semiconductor manufacturing site in the U.S., employing around 1,800 workers and producing chips used in various applications globally [4]

Core Insights - GlobalFoundries (GF) has been recognized in USA Today's "America's Climate Leaders 2024" list, highlighting its commitment to sustainability and corporate responsibility [1][2] - GF aims to achieve net-zero greenhouse gas emissions and 100% carbon-neutral power by 2050, building on its 2021 pledge to reduce greenhouse gas emissions by 25% from 2020 to 2030 [3] - The company has received multiple recognitions for its sustainability efforts, including being named to Morningstar Sustainalytics' "2024 Top-Rated ESG Companies" and maintaining a "Prime" corporate ESG performance rating in 2023 from ISS [4] Company Overview - GlobalFoundries is a leading semiconductor manufacturer, focusing on innovative process technology solutions for high-growth markets [5] - The company operates a diverse manufacturing footprint across the U.S., Europe, and Asia, providing design, development, and fabrication services to its global customers [5]