GlobalFoundries expects strong quarterly revenue on chips demand from data centers

Core Viewpoint - GlobalFoundries has forecasted first-quarter revenue that exceeds Wall Street expectations, driven by strong demand for its chips, and has announced a $500 million share buyback program, positively impacting its stock price [1] Group 1: Financial Performance - The company anticipates first-quarter revenue to surpass analyst expectations, indicating robust demand for its semiconductor products [1] - The announcement of a $500 million share buyback program is expected to enhance shareholder value and reflects confidence in the company's financial health [1] Group 2: Market Demand - Strong demand for chips is a key factor contributing to the positive revenue forecast, suggesting a favorable market environment for GlobalFoundries [1]