GlobalFoundries 1 Second Quarter 2024 Financial Results (unaudited) August 6, 2024 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, b ...

GlobalFoundries Inc. TABLE OF CONTENTS 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 Changes in Equity | 5 | | Interim Condensed Cons ...

GlobalFoundries Inc. (GFS) shares rallied 6.8% in the last trading session to close at $58.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.1% gain over the past four weeks. GlobalFoundries extended its rally, driven by its U.S. manufacturing capabilities to support its domestic chip manufacturing amid rising geopolitical tensions, including increasing trade restrictions on China. This company is expecte ...

Semiconductor foundry GlobalFoundries (NASDAQ:GFS) popped sharply higher on Wednesday, gaining about 10% before paring back some of the enthusiasm. Recent comments by former President Donald Trump catapulted the swing up. A potential pivot to an isolationist stance may benefit GFS stock as domestic chip production rises. Based in Malta, New York, GlobalFoundries, according to its profile, "manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processo ...

Semiconductor stocks are having a rough time of things Wednesday, with shares of giants such as Taiwan Semiconductor Manufacturing (TSM -7.52%) falling more than 7% on worries of additional U.S. government interference with the chip market. Playing politics with semiconductors The implication: If reelected, Trump might aim to reduce dependence on Taiwanese chips. And the unspoken implication: He might impose tariffs on chips sold by Taiwan Semiconductor. Is GlobalFoundries stock a buy? To the contrary, with ...

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 ...

However, not all chip stocks have profited equally from these developments. In fact, quite a few semiconductor stocks are down so far in 2024. The chip industry is large, and many companies serve fields such as industrial, automotive or consumer electronics that are not enjoying the same demand tailwinds as AI-enabled chips. Intel (INTC) The past returns are certainly brutal. INTC stock has fallen 35% over the past five years, whereas the Vaneck Semiconductor ETF (NASDAQ:SMH) has soared nearly 400% over the ...

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 ...