Financial Data and Key Metrics Changes - First quarter revenue was $1,585 million, representing a 13% decrease quarter-over-quarter but a 2% increase year-over-year [25] - Non-IFRS adjusted free cash flow was $165 million, translating to a free cash margin of approximately 10% [8][30] - Gross profit for the first quarter was $379 million, resulting in a gross margin of approximately 23.9% [28] Business Line Data and Key Metrics Changes - Automotive revenue represented approximately 19% of total revenue, decreasing 25% sequentially but increasing 16% year-over-year [27] - Smart mobile devices accounted for approximately 37% of total revenue, with a 21% sequential decrease and a 14% year-over-year decrease [26] - Communication infrastructure and data center revenue increased approximately 2% sequentially and 45% year-over-year, representing about 11% of total revenue [28] Market Data and Key Metrics Changes - The automotive market is expected to see meaningful year-over-year revenue growth in 2025, driven by increasing silicon content in vehicles [15] - The IoT market returned to year-over-year growth in Q1, but uncertainty remains for the second half of the year due to tariffs [19] - The communication infrastructure and data center market is projected to grow in the high teens for the full year 2025 [54] Company Strategy and Development Direction - The company is focused on free cash flow generation and has invested over $7 billion in facilities since 2021 to support growth [10][11] - The serviceable addressable market is anticipated to grow at approximately 10% per annum through the end of the decade [11] - The company aims to leverage its differentiated technologies and global footprint to gain market share in critical end markets [11][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing trade and tariff disputes impacting the semiconductor supply chain and end market demand dynamics [9] - Despite uncertainties, the long-term demand for essential chip technologies remains strong, with a robust financial profile and declining leverage [13] - The company is monitoring the changing landscape closely and diversifying sourcing strategies to mitigate potential impacts [9][10] Other Important Information - The company expects total revenue for Q2 2025 to be approximately $1,675 million, with gross margin guidance of around 25% [31] - The company has a strong balance sheet with $4.7 billion in liquidity and a total debt of $1.1 billion [13][30] Q&A Session Summary Question: Impact of tariffs on revenue and manufacturing flexibility - Management noted no significant short-term impacts from tariffs on orders, but they are closely monitoring the situation for potential medium-term effects [38][40] Question: ASP trends and gross margin maintenance - ASPs are expected to decline mid-single digits due to product mix changes, but gross margins can be maintained through better utilization and structural cost improvements [42][46] Question: Growth expectations in communication infrastructure and data center - Management expects high teens growth in the communication infrastructure and data center segment for 2025, driven by substantial investments in data centers [54][56] Question: Outlook for automotive and smart mobile devices - The automotive segment is expected to continue growing, while the smart mobile device market is anticipated to remain flattish in 2025 [61][66] Question: Long-term margin targets - The company aims to exit 2025 with a gross margin of 30%, supported by improved utilization and product mix [70][78]

GLOBALFOUNDRIES Inc. TABLE OF CONTENTS | Part 1 - Unaudited Financial Statements | Page | | --- | --- | | Interim Condensed Consolidated Statements of Financial Position | 2 | | Interim Condensed Consolidated Statements of Operations | 3 | | Interim Condensed Consolidated Statements of Comprehensive Income (Loss) | 4 | | Interim Condensed Consolidated Statements of Cash Flows | 5 | | Interim Condensed Consolidated Statements of Changes in Equity | 6 | | Notes to Interim Condensed Consolidated Financial Stat ...

Financial Performance - Revenue reached $1.59 billion, a 2% year-over-year increase[12] - Non-IFRS Gross Margin was 23.9%, a decrease of 220 bps year-over-year[12] - Non-IFRS Earnings per Share was $0.34, a 10% year-over-year increase[12] - Non-IFRS adjusted free cash flow margin was approximately 10%[19] End Market Analysis - Smart Mobile Devices revenue was $586 million, a decrease of 14% year-over-year[41] - Automotive revenue was $309 million, a 16% year-over-year increase[43] - Home and Industrial IoT revenue was $328 million, a 6% year-over-year increase[46] - Communications Infrastructure and Datacenter revenue was $174 million, a 45% year-over-year increase[51] Q2 2025 Guidance (Non-IFRS) - Net Revenue is expected to be $1.675 billion ± $25 million[58] - Gross Margin is expected to be 25.0% ± 100bps[58] - Operating Expenses are expected to be $185 million ± $10 million[58] - Diluted EPS is expected to be $0.36 ± $0.05[58]

Core Insights - GLOBALFOUNDRIES Inc. reported strong preliminary financial results for Q1 2025, achieving revenue and earnings at the high end of its Non-IFRS guidance ranges, driven by growth in key markets such as Automotive, Communications Infrastructure, and Datacenter [3][7] Financial Highlights - Net revenue for Q1 2025 was $1.585 billion, a year-over-year increase of 2% from $1.549 billion in Q1 2024 [6][14] - Gross profit was $355 million, with a gross margin of 22.4%, down from 25.4% in Q1 2024 [6][7] - Non-IFRS gross profit was $379 million, with a Non-IFRS gross margin of 23.9% [6][7] - Operating profit was $151 million, with an operating margin of 9.5% [9][14] - Net income was $211 million, translating to diluted earnings per share of $0.38, compared to $0.24 in Q1 2024 [7][14] Business Developments - The company announced a strategic partnership with indie Semiconductor to develop high-performance radar systems-on-chip, targeting advanced driver assistance systems [8] - Ayar Labs will utilize GF's monolithic photonics platform for the industry's first Universal Chiplet Interconnect Express optical interconnect chiplet, enhancing AI infrastructure performance [8] - Bosch launched a next-generation single chip radar sensor at Auto Shanghai, continuing its partnership with GF to enable high-performance automotive radar technology [8] Guidance for Q2 2025 - The company expects Q2 2025 net revenue to be approximately $1.675 billion, with a gross margin of around 24.1% [10][11] - Diluted EPS is projected to be approximately $0.27 under IFRS and $0.36 under Non-IFRS measures [10][11]

Market Reaction - Semiconductor stocks experienced significant declines, with Wolfspeed dropping 14.6%, NXP Semiconductors down 6.6%, and Rambus falling 4.7% [1] - Other notable declines include ON Semiconductor at 2.4%, Supermicro at 2.3%, and Micron Technology at 1.67% [1] Government Policy Impact - The Trump administration is reportedly working on modifying a rule from the Biden era that restricts most countries from accessing U.S.-designed AI chips [1] - The proposed changes may involve replacing the current tiered system with intergovernmental agreements [1]

Taiwan Semiconductor Manufacturing Company (TSM) and GlobalFoundries (GFS) are two of the most prominent players in the global semiconductor foundry space, but they offer very different propositions. TSM leads in cutting-edge chip manufacturing with a dominant market share, while GFS targets differentiated processes and specialty technologies.With 2025 shaping up as a pivotal year for the semiconductor industry, which foundry stock offers a more compelling investment option today? Let’s find out.The Case fo ...

市场消息：晶圆代工企业联电被问及有关与同业格芯（格罗方德）合作的相关媒体报导时表示，目前未 有合并活动。 ...

Core Viewpoint - GlobalFoundries (GF) is accelerating its greenhouse gas (GHG) emission reduction goals, committing to a 42% reduction by 2030 from 2021 levels, up from a previous target of 25% [2][5]. Group 1: Emission Reduction Commitment - GF's updated Journey to Zero Carbon pledge aims for a 42% reduction in total GHG emissions by 2030, while expanding its semiconductor manufacturing capacity [2]. - The company plans to achieve this goal through energy efficiency improvements, advanced emissions controls, alternative chemistries, and lower-carbon power usage across its facilities in the U.S., Germany, and Singapore [2][4]. Group 2: Alignment with Standards - GF is aligning its GHG emission reduction targets with the Science Based Target Initiative (SBTi), recognized as a leading standard for science-based carbon reduction [3][4]. - The commitment to SBTi reflects GF's dedication to responsible manufacturing and supporting customers' sustainability goals [4]. Group 3: Long-term Sustainability Goals - In addition to the near-term targets, GF remains committed to achieving net-zero GHG emissions and 100% carbon-neutral power by 2050 [5]. - This long-term objective aligns with global efforts to reduce emissions and promote environmental sustainability [5].

Core Viewpoint - GlobalFoundries will host a conference call on May 6, 2025, to discuss its first quarter 2025 financial results [1][2]. Group 1: Conference Call Details - The conference call is scheduled for May 6, 2025, at 8:30 a.m. ET [1][2]. - Interested parties can register to join the conference call [2]. - Financial results and a webcast of the conference call will be available on GlobalFoundries' Investor Relations website [2]. Group 2: Company Overview - GlobalFoundries is a leading manufacturer of essential semiconductors used in various high-growth markets such as automotive, smart mobile devices, and the internet of things [3]. - The company focuses on delivering power-efficient, high-performance products and has a global manufacturing footprint across the U.S., Europe, and Asia [3]. - GlobalFoundries emphasizes security, longevity, and sustainability in its operations [3].

4月1日，《日经亚洲评论》报道称，全球第五大晶圆代工厂格芯（GlobalFoundries）与中国台湾第二大 晶圆代工厂联电正在探索合并的可能性。一旦双方合并，将超越中芯国际，成为全球第二大纯晶圆代工 厂。 随后，台湾联电首席财务官刘启东回应了联电和格芯的合并传闻，他表示："公司目前没有进行任何合 并交易，也不会回应任何市场传闻。" 尽管如此，但这一消息还是震惊市场。 这家日媒援引一份评估计划称，格芯和联电合并后的公司将在美国投资研发，创建一家规模更大的美国 公司，最终可能成为全球最大芯片代工厂台积电在成熟芯片领域的替代者，其生产业务遍及亚洲、美国 和欧洲，合并的目的是打造一家规模更大的晶圆代工企业，让美国的成熟制程芯片供应得到保障。 知情人士透露，格芯和联电就可能的合并进行了接触，美国和中国台湾的一些官员也知道这一谈判，这 两家芯片制造商大约两年前就讨论过可能的合作，但谈判没有取得进展。 此消息一出立即引爆舆论关注，网友感慨美国想把台积电、联电"整碗端走"。受此消息影响，联电股价 当天收涨9％，今日盘中最高涨近20%。 资料显示，联华电子成立于1980年，是岛内第一家芯片制造商，但如今规模小于台积电，该公司 ...