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 ...

Core Viewpoint - The potential merger between GlobalFoundries and UMC aims to create a larger American company to enhance chip production capabilities amid increasing competition from China in the mature chip sector [1][2][4]. Group 1: Merger Details - GlobalFoundries and UMC are exploring a merger to establish a company with a broader production footprint across Asia, the U.S., and Europe [1]. - The merger is intended to ensure the U.S. has access to mature chips, especially given the geopolitical tensions between China and Taiwan [1][4]. - The combined entity could potentially rival TSMC, which currently holds significant market shares in both mature and advanced chip markets [1][4]. Group 2: Regulatory and Government Involvement - U.S. government efforts have historically encouraged Taiwanese firms to increase chip production in the U.S., including urging UMC to build or acquire facilities [2]. - The potential merger may face regulatory scrutiny from both Taiwanese and Chinese authorities, as seen in previous cases like Intel's failed acquisition of Tower Semiconductor [2][4]. - Concerns have been raised about the impact of TSMC's $100 billion investment in the U.S. on Taiwan's semiconductor industry [2]. Group 3: Market Context and Competition - Mature chips account for over 70% of global semiconductor demand, crucial for various sectors including infrastructure and defense [4]. - UMC, established in 1980, is smaller than TSMC and employs around 20,000 people globally, serving major clients like Qualcomm and Nvidia [4][5]. - GlobalFoundries reported revenue of $6.75 billion with a net loss of $265 million, while UMC had revenue of NT$232.3 billion (approximately $7.21 billion) and a profit of NT$47.2 billion [5]. Group 4: Strategic Moves - UMC is collaborating with Intel to develop 12nm chips for various applications, aiming to start production in the U.S. by 2027 [5]. - UMC is also diversifying its manufacturing capabilities by expanding operations in Singapore [5]. - UMC's CFO stated that the company is not currently pursuing any merger deals and maintains good communication with all relevant governments, including the U.S. [6][7].

Core Viewpoint - U.S. semiconductor manufacturer GlobalFoundries is considering a merger with Taiwan-based United Microelectronics to enhance production capabilities and secure access to mature chips amid geopolitical tensions [1][2] Group 1: Merger Details - The proposed merger would create a company with production capabilities in the U.S., Asia, and Europe [2] - Following the news, shares of United Microelectronics increased by 13%, while GlobalFoundries shares decreased by approximately 1% [1] Group 2: Strategic Implications - The combined entity aims to secure American access to mature chips, addressing potential risks from competition with China and tensions between China and Taiwan [2] - The new company is expected to invest in research and development in the U.S. and could serve as an alternative to Taiwan Semiconductor Manufacturing [3] Group 3: Competitive Landscape - Taiwan Semiconductor Manufacturing announced a $100 billion investment in the U.S. to enhance chip manufacturing, raising its total investment in the U.S. to $165 billion [3]

Geopolitical and Market Risks - The semiconductor industry is experiencing significant geopolitical tensions, particularly between the United States and China, which could adversely affect the company's operations and market conditions [31]. - The ongoing geopolitical tensions and economic sanctions may adversely affect the company's operations and financial results [35]. - The semiconductor industry is facing challenges due to trade barriers, which may decrease growth and disrupt supply chains, particularly in Europe [38]. - The company faces significant tariffs on Chinese-origin goods, with general tariffs currently at 20% and special duties reaching up to 70% for certain products [33]. - The imposition of 25% tariffs on most Mexican and Canadian origin goods took effect on March 4, 2025, impacting the company's supply chain [34]. - Trade restrictions, particularly between the U.S. and China, may limit access to essential equipment and components [116]. Customer and Revenue Dependence - The company relies on a small number of customers for a significant portion of its revenue, making it vulnerable to revenue declines if key customers are lost [26]. - The company relies heavily on a small number of customers, with the top ten customers accounting for approximately 65% of wafer shipment volume in 2024 [50]. Operational and Financial Control Risks - The company has identified material weaknesses in its internal control over financial reporting, which may adversely affect future financial results [30]. - The company identified material weaknesses in its Internal Control over Financial Reporting (ICFR) as of December 31, 2024, which may adversely affect future financial results [200]. - There is uncertainty regarding the effectiveness of the remediation efforts for identified material weaknesses, which could impact financial reporting accuracy [202]. - The company completed remediation of the 2023 material weakness related to IT user access controls, but there is no assurance that these controls will continue to operate effectively [201]. Industry Cyclicality and Economic Conditions - The company faces risks related to the cyclical nature and seasonality of the semiconductor industry, which can lead to significant economic downturns [26]. - Economic conditions, including inflation and potential recession, could significantly impact demand for the company's products and services [39]. - Seasonal variations in market conditions contribute to fluctuations in demand and prices for semiconductor services, impacting the company's revenue [43]. - The semiconductor industry is characterized by unpredictable cycles, complicating revenue forecasting and expense management [105]. Competition and Market Position - The company is facing increased competition from other semiconductor manufacturers, which could affect its market share and profitability [26]. - Increased competition from IDMs expanding their internal capacity may negatively impact demand for foundry services [58]. - The company is focused on securing and maintaining design wins, particularly single-sourced awards, to enhance its market position [26]. - The company has shifted focus to securing single-sourced design wins amid changing demand dynamics and reduced ability to enter into long-term agreements (LTAs) [45]. Supply Chain and Capacity Management - The company is actively managing its capacity and production facilities to optimize operations and maintain competitiveness [28]. - The company must manage manufacturing capacity to meet customer demand, with risks of defaulting on obligations if capacity commitments are not met [48]. - The company is exposed to risks associated with overcapacity in the semiconductor industry, which could negatively impact revenue and profit margins [26]. - The company faces risks from potential disruptions in the silicon supply chain, which could materially impact operations and financial condition [52]. - The company has extended its supply agreement with Soitec for 300mm RF SOI and FD Products until 2026, with conditions for extension until 2030 [51]. Research and Development Investments - The company is investing in advanced technologies and research and development to maintain its competitive edge in the semiconductor market [16]. - The company must invest significantly in R&D to remain competitive, with the risk of unsuccessful efforts harming its market position [67]. - The company is investing in AI/ML technologies to enhance manufacturing efficiency, but failure to deploy these effectively could impact competitiveness [119]. Compliance and Regulatory Challenges - The company is subject to stringent export controls and compliance requirements that could impair its ability to compete internationally [32]. - Sales to government entities involve compliance challenges that could impact operations and financial results [80]. - The Department of Defense's Cyber Security Material Model Certificate (CMMC) will require compliance by 2026, potentially impacting the company's ability to bid on contracts [128]. - The company faced a civil penalty in 2024 due to inadvertent shipments that breached BIS regulations, highlighting risks associated with compliance failures [124]. - Compliance obligations may lead to lost sales opportunities and delays in business operations [168]. Environmental and Safety Regulations - Environmental, health, and safety regulations expose the company to compliance risks, which could adversely affect its operations and financial condition [158]. - The company is potentially liable for environmental contamination cleanup costs, which could result in material liabilities [161]. - Regulations related to climate change may lead to increased costs for process materials and emissions control, impacting manufacturing operations [162]. Financial and Tax Risks - The majority of the company's debt is based on floating interest rates, exposing it to risks from interest rate fluctuations [175]. - Changes in effective tax rates could adversely affect the company's financial condition and results of operations [180]. - The company is subject to a new corporate alternative minimum tax of 15% on adjusted financial statement income starting in 2024 due to the Inflation Reduction Act of 2022 [184]. - The company may face increased tax uncertainty due to differing interpretations of tax laws and increased audit scrutiny in jurisdictions like Germany, Singapore, and the U.S. [183]. Intellectual Property and Legal Risks - The company is subject to significant risks related to intellectual property disputes, which may lead to increased costs and liabilities [138]. - The semiconductor industry frequently experiences patent infringement claims, potentially impacting the company's operations and financial condition [138]. - The company may need to allocate substantial resources to monitor and protect its intellectual property rights, which could divert management's attention and incur significant costs [139]. - Agreements with customers and partners may require the company to defend against intellectual property infringement claims, potentially leading to increased operational costs and loss of revenue [141]. Strategic Collaborations and Investments - The company is engaged in a strategic collaboration with ST Microelectronics to build a new semiconductor manufacturing facility in France, targeting a production capacity of 620,000 300mm wafers per year [152]. - The collaboration with ST is dependent on meeting various milestones to secure substantial government funding, which poses risks to the project's success [153]. Human Resources and Workforce Challenges - GF faces challenges in recruiting and retaining skilled technical personnel, which is critical for maintaining competitive differentiation [79]. - The integration of AI/ML may disrupt workforce needs, leading to increased competition for skilled personnel and potential additional costs [120]. Cybersecurity and Data Privacy - Cybersecurity threats require significant investments, and breaches could adversely affect operations and financial results [108]. - Compliance with data privacy laws, such as the California Consumer Privacy Act and the EU GDPR, may incur significant costs and affect operational margins [125][126]. - Stricter enforcement of data privacy laws could limit marketing effectiveness and increase compliance costs, adversely affecting financial results [126].

以下文章来源于芯思想 ，作者赵元闯 芯思想 . 中国半导体正能量传播平台。为中国半导体产业服务，我们都是中国半导体产业腾飞的见证人。新闻分 析，精彩评论，独家数据，为您定制信息，欢迎拍名片回复，和行业精英交流。 如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容转自【芯思想】，作者：赵元闯，谢谢。 2024年前十大专属晶圆代工公司中，增幅排名前三的都超过20%，增幅最高的是台积电（TSMC）， 年增幅32%；其次是晶合集成（Nexchip），年增幅达28%；增幅排名第三的是中芯国际（SMIC）， 达27%。2024年营收唯一出现下滑的是格芯（GlobalFoundries），下滑超过8%。 在IDM厂商代工方面，三星代工2024年营收约1462亿元，英特尔1261亿元，都较2023年下滑7%。 台积电 2023年台积电的3纳米正式贡献营收，到2024年第四季营收占比达26%，全年营收占比18%。 台积电在IEDM 2024大会上首次披露了2nm（N2）工艺的关键技术细节和性能指标： 对比3nm，晶 体管密度增加15％，同等功耗下性能提升15％，同等性能下功耗降低24-35％ ，同时通过NanoFlex技 术 ...

Expanded collaboration includes joint research on GF’s leading semiconductor platformsCAMBRIDGE, Mass. and MALTA, N.Y., Feb. 27, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) and the Massachusetts Institute of Technology (MIT) today announced a new master research agreement to jointly pursue advancements and innovations for enhancing the performance and efficiency of critical semiconductor technologies. The collaboration will be led by MIT’s Microsystems Technology Laboratories (MTL) and GF’s ...

Shares of U.S. specialty chip manufacturer GlobalFoundries (GFS -1.68%) rallied 11.4% this week, according to data from S&P Global Market Intelligence.The U.S. foundry, which produces chips on specialty lagging-edge nodes, had an earnings report that encouraged analysts. In addition, Vice President JD Vance made a speech touting domestic U.S. chip manufacturing, which lit a fire under GlobalFoundries and other U.S.-based chipmakers.GlobalFoundries beats expectations as it aims for a recoveryIn the fourth qu ...

GlobalFoundries, Inc. (NASDAQ:GFS) Q4 2024- Earnings Conference Call February 11, 2025 8:30 AM ET Company Participants Sam Franklin - VP, Business Finance & IR Thomas Caulfield - CEO John Hollister - CFO Niels Anderskouv – CBO Tim Breen - COO Conference Call Participants Chris Caso - Wolfe Research Mark Lipacis - Evercore ISI Krish Sankar - TW Cowen Ross Seymore - Deutsche Bank Harlan Sur - J.P. Morgan Vivek Arya - Bank of America Securities Quinn Bolton - Needham & Company Operator Good day, and thank you ...