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 ...

The five best practices GF is committing to adopt are: In November 2023, GF announced a new student loan repayment program to help U.S.-based employees and eligible new recruits pay up to $28,500 in student loan debt, tax-free, to help ease the financial burden of higher education and training. GF also offers tuition reimbursement for employees pursuing undergraduate and graduate degrees, fully paid parental leave, employee fitness stipend to promote good health and childcare subsidy towards dependent care. ...

Set goals and monitor progress towards increasing the participation of women on CHIPS-funded construction projects. Build community partnerships with community organizations with a track record of increasing women and economically disadvantaged individuals' exposure to and recruitment into the construction industry. Develop training pathways such as training investments, apprentice utilization goals, or apprentice readiness program partnerships that serve women and economically disadvantaged individuals. Pr ...

GF's facility in Essex Junction, Vermont, near Burlington, was among the first major semiconductor manufacturing sites in the United States. Today, around 1,800 GF employees work at the site. Built on GF's differentiated technologies, these GF-made chips are used in smartphones, automobiles, and communications infrastructure applications around the world. The facility is a DMEA-accredited Trusted Foundry and manufactures secure chips in partnership with the U.S. government. About ElevATE Semiconductor ElevA ...

SAN DIEGO and ESSEX JUNCTION, Vt., June 05, 2024 (GLOBE NEWSWIRE) -- ElevATE Semiconductor and GlobalFoundries (Nasdaq: GFS) (GF) today announced a manufacturing partnership for high-voltage chips produced at GF's facility in Essex Junction, Vermont. Designed by ElevATE and manufactured at scale by GF on its proven and power-efficient 7HV technology platform, the chips are vital to both commercial semiconductor testing equipment and critical applications for aerospace and defense systems. The agreement outl ...

MALTA, N.Y., May 30, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) has been named to USA Today's "America's Climate Leaders 2024" list. GF's inclusion on the list, announced today and viewable here, is the latest recognition of the company's longstanding commitment to sustainability and corporate responsibility. "Our team works every day to find new efficiencies and innovate new ways to minimize our impact on the environment. It's fundamental to who we are as a company," said Brian Raley, dire ...