Core Viewpoint - GlobalFoundries Inc. announced a secondary public offering of $950 million of its ordinary shares at a price of $50.75 per share, which includes a $200 million share repurchase from the Selling Shareholder, Mubadala Technology Investment Company [1][3] Group 1: Offering Details - The offering consists solely of shares being sold by Mubadala Technology Investment Company, which is GlobalFoundries' largest shareholder, and the company itself will not receive any proceeds from this sale [2] - The Selling Shareholder has granted underwriters a 30-day option to purchase an additional $112.5 million of shares, representing 15% of the initial offering [1] - The offering is expected to close on May 28, 2024, subject to customary closing conditions [1] Group 2: Share Repurchase - GlobalFoundries will concurrently repurchase $200 million of the Selling Shareholder's ordinary shares at the public offering price [3] - The repurchase will be funded with cash from GlobalFoundries' balance sheet and is conditioned on the closing of the offering [3] Group 3: Underwriters - Morgan Stanley & Co. LLC and BofA Securities are acting as book-running managers for the offering, with additional support from Citigroup, Goldman Sachs, and J.P. Morgan among others [4]

MALTA, N.Y., May 22, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. ("GlobalFoundries" or "GF") (NASDAQ:GFS), today announced the pricing of a secondary public offering of $950 million of its ordinary shares at a price to the public of $50.75 per share (including a $200 million share repurchase, as described below). All of the shares in the offering are being offered by Mubadala Technology Investment Company (the "Selling Shareholder"). The Selling Shareholder is a wholly owned subsidiary of Mubadala Investm ...

MALTA, N.Y., May 22, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. ("GlobalFoundries" or "GF") (Nasdaq: GFS) today announced the launch of a secondary public offering of $950 million of its ordinary shares (including a $200 million share repurchase, as described below). All of the shares in the offering are being offered by Mubadala Technology Investment Company (the "Selling Shareholder"). The Selling Shareholder is a wholly owned subsidiary of Mubadala Investment Company PJSC (which, together with its aff ...

MALTA, N.Y., May 22, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. ("GlobalFoundries" or "GF") (Nasdaq: GFS) today announced the launch of a secondary public offering of $950 million of its ordinary shares (including a $200 million share repurchase, as described below). All of the shares in the offering are being offered by Mubadala Technology Investment Company (the "Selling Shareholder"). The Selling Shareholder is a wholly owned subsidiary of Mubadala Investment Company PJSC (which, together with its aff ...

MALTA, N.Y., May 21, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced a partnership with Micron Technology, Inc. (NASDAQ:MU) and the U.S. National Science Foundation (NSF) to invest in workforce development at Minority Serving Institutions (MSI) to help meet the growing workforce needs of the U.S. semiconductor ecosystem. In partnership with Micron and the NSF, the investment will support semiconductor workforce development at Historically Black College and Universities, Hispanic S ...

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Sam Franklin - Vice President of Business Finance & Investor Relations Thomas Caulfield - Chief Executive Officer John Hollister - Chief Financial Officer Niels Anderskouv - Chief Business Officer Conference Call Participants Vivek Arya - Bank of America Securities Chris Caso - Wolfe Research Harlan Sur - JP Morgan Joseph Moore - Morgan Stanley Christopher Danely - Citi Ross Seymore - Deutsche Bank ...

For the quarter ended March 2024, GlobalFoundries Inc. (GFS) reported revenue of $1.55 billion, down 15.9% over the same period last year. EPS came in at $0.31, compared to $0.52 in the year-ago quarter.The reported revenue represents a surprise of +1.80% over the Zacks Consensus Estimate of $1.52 billion. With the consensus EPS estimate being $0.23, the EPS surprise was +34.78%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Key TakeawaysShares of semiconductor manufacturer GlobalFoundries surged as markets opened Tuesday on the back of a first-quarter earnings report that included income nearly doubling analyst expectations.However, GlobalFoundries' financial performance fell year-over-year as the semiconductor market has corrected.The company was also one of the beneficiaries of the CHIPS Act, receiving a $1.5 billion grant from the Biden administration earlier this year to expand its operations in New York and Vermont. Share ...

GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 34.78%. A quarter ago, it was expected that this company would post earnings of $0.59 per share when it actually produced earnings of $0.64, delivering a surprise of 8.47%.Over the last four quarters, the compa ...

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 ...