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Citi Updates GlobalFoundries (GFS) Valuation Model to 2027 Estimates From 2026
Yahoo Finance· 2026-01-30 19:58
Group 1 - GlobalFoundries Inc. has seen a rise in stock interest, with Citi raising its price target from $35 to $42 while maintaining a Neutral rating [1] - The company has executed a definitive agreement to acquire Synopsys Inc.'s ARC Processor IP Solutions business, which includes engineering and design teams, aimed at enhancing its capabilities in custom silicon solutions [2][3] - The acquisition will integrate various product lines and tools into GlobalFoundries' existing MIPS offerings, focusing on providing a processor IP suite tailored for physical AI, thereby improving customer engagement and time-to-market [3] Group 2 - GlobalFoundries operates as a semiconductor foundry, offering a range of wafer fabrication services and technologies globally [4]