With the AI boom sending waves throughout the industry, microchip companies and their stocks are logging record profits and production. Nvidia (NASDAQ: NVDA) is the best example of this surge, as it continues to showcase new all-time highs almost every dayAnd with the new U.S. government funding on the way, microchip producers are set to receive billions more.NVDA’s industry rivals, such as Intel (NASDAQ: INTC) and Taiwan Semiconductor Manufacturing (NYSE: TSM), could be set to receive billions in subsidies ...

MUNICH, Germany and MALTA, N.Y., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Infineon Technologies AG (OTCQX:IFNNY) and GlobalFoundries (NASDAQ:GFS) (GF) today announced a new multi-year agreement on the supply of Infineon's AURIX™ TC3x 40 nanometer automotive microcontrollers as well as power management and connectivity solutions. The additional capacity will contribute to secure Infineon's business growth from 2024 through 2030. Infineon and GF have been partnering since 2013 in the development of differentiated au ...

MALTA, N.Y., Jan. 08, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, February 13, 2024, at 8:30 a.m. ET following the release of the company’s fourth quarter and full-year 2023 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, February 13, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The comp ...

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Sam Franklin - Head, Capital Markets & Vice President, Investor Relations Thomas Caulfield - Chief Executive Officer David Reeder - Chief Financial Officer Niels Anderskouv - Chief Business Officer Conference Call Participants Mark Lipacis - Jefferies Ross Seymore - Deutsche Bank Chris Caso - Wolfe Research Joe Moore - Morgan Stanley Chris Danely - Citigroup Harlan Sur - JPMorgan Operator Good ...

GlobalFoundries © 2023 All Rights Reserved 9 Q3'23 Q2'23 Q3'22 Q3'23 vs Q3'22 Q3'23 vs Q2'23 GlobalFoundries © 2023 All Rights Reserved 16 Cash flows from operating activities: Net income $ 249 $ 336 Net cash provided by operating activities $ 416 $ 679 Cash flows from financing activities: Proceeds from issuance of equity instruments and other $ — $ — Proceeds (repayment) of debt, net (54) 95 (1)Finance expense, net and other has been adjusted to include interest and taxes paid that were previously include ...

GLOBALFOUNDRIES INC. TABLE OF CONTENTS | Unaudited Statements | Page | | --- | --- | | Interim Condensed Consolidated Statements of Financial Position | 2 | | Interim Condensed Consolidated Statements of Operations | 3 | | Interim Condensed Consolidated Statements of Comprehensive Income | 4 | | Interim Condensed Consolidated Statements of Changes in Equity | 5 | | Interim Condensed Consolidated Statements of Cash Flows | 6 | | Notes to Interim Condensed Consolidated Financial Statements | 7-16 | - 1 - GLOB ...

GlobalFoundries, Inc. (NASDAQ:GFS) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Sam Franklin - Head, Capital Markets & VP IR Dr. Thomas Caulfield - CEO David Reeder - CFO Niels Anderskouv - Chief Business Officer Conference Call Participants Ross Seymore - Deutsche Bank Mark Lipacis - Jefferies Chris Danely - Citigroup Inc. Joseph Moore - Morgan Stanley Vivek Arya - BofA Securities Harlan Sur - JPMorgan Mehdi Hosseini - Susquehanna Financial Group Krish Sankar - TD Cowe ...

Malta, New York, August 8, 2023 - GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the second quarter ended June 30, 2023. Key Second Quarter Financial Highlights "In the second quarter, GF delivered financial results at the upper end of the guidance ranges we provided in our May earnings release" said Dr. Thomas Caulfield, president and CEO of GF. "Despite the cyclical headwinds impacting our industry and continued macroeconomic uncertainty, we delivered consistent ...

GLOBALFOUNDRIES INC. TABLE OF CONTENTS | Unaudited Statements | Page | | --- | --- | | Interim Condensed Consolidated Statements of Financial Position | 2 | | Interim Condensed Consolidated Statements of Operations | 3 | | Interim Condensed Consolidated Statements of Comprehensive Income | 4 | | Interim Condensed Consolidated Statements of Changes in Equity | 5 | | Interim Condensed Consolidated Statements of Cash Flows | 6 | | Notes to Interim Condensed Consolidated Financial Statements | 7-15 | - 1 - GLOB ...

GLOBALFOUNDRIES, Inc. (NASDAQ:GFS) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Sam Franklin - Head, Capital Markets & IR Thomas Caulfield - CEO David Reeder - CFO Conference Call Participants Harlan Sur - JPMorgan Mark Lipacis - Jefferies Vivek Arya - Bank of America Securities Ross Seymore - Deutsche Bank Joseph Moore - Morgan Stanley Rajiv Gill - Needham and Co. Chris Danely - Citi Mehdi Hosseini - SIG Krish Sankar - Cowen and Company Operator Good day and thank you for st ...