4 Reasons GlobalFoundries Could Be a Big Winner After Recent Lows

GlobalFoundries Inc. NASDAQ: GFS is a leading global semiconductor foundry that manufactures chips designed by its clients, mostly semiconductor companies. GlobalFoundries was originally a subsidiary of Advanced Micro Devices Inc. NASDAQ: AMD but was spun off because it was more cost-effective to outsource leading-edge chip production to Taiwan Semiconductors Manufacturing Co. Ltd. NYSE: TSM.GlobalFoundries TodayGFSGlobalFoundries$39.35 -0.06 (-0.15%) 52-Week Range$38.49▼$62.61P/E Ratio24.29Price Target$57. ...