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GlobalFoundries (Nasdaq: GFS) commits to achieving net-zero greenhouse gas emissions and 100% carbon-neutral power by 2050, aligning with the Paris Agreement goals. The company aims to reduce emissions by 25% from 2020 to 2030 and has already initiated energy efficiency improvements and alternative chemistry projects. Dr. Thomas Caulfield, GF's president and CEO, emphasizes the importance of taking action against climate change. GF plans to achieve its goals by implementing state-of-the-art emissions controls, utilizing alternative chemistries, and working with partners to reduce emissions throughout its value chain.
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GlobalFoundries (GFS) to host conference call on May 7, 2024, following the release of first quarter 2024 financial results.
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GlobalFoundries (Nasdaq: GFS) secures $1.5 billion investment for expansion and modernization of facilities in New York and Vermont, enhancing chip manufacturing capabilities for automotive and other key markets. The investment will support the creation of new state-of-the-art fabs and drive growth in essential chip production.
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GlobalFoundries Inc. (GFS) announces strong financial results for Q4 2023 and FY 2023 with revenue of $1.854 billion and $7.4 billion respectively. Key highlights include net income of $278 million for Q4 and $1.0 billion for FY 2023. The company also achieved adjusted EBITDA of $773 million for Q4 and $2.8 billion for FY 2023. Recent business highlights include a new agreement with Infineon, federal funding for GaN chip manufacturing, and recognition on Newsweek's 'America's Most Responsible Companies' list.
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Infineon Technologies AG and GlobalFoundries have announced a new multi-year agreement for the supply of Infineon’s AURIX TC3x 40 nanometer automotive microcontrollers, power management, and connectivity solutions. This agreement is expected to contribute to Infineon's business growth from 2024 through 2030. The collaboration aims to develop differentiated automotive, industrial, and security semiconductor technology and products, with a focus on enabling mission-critical automotive applications while meeting safety and security requirements for next-generation vehicle systems. The announcement also highlights the importance of a global manufacturing footprint to meet capacity needs and ensure a resilient supply chain.
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GlobalFoundries (NASDAQ: GFS) to host conference call to discuss fourth quarter and full-year 2023 financial results
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GlobalFoundries (Nasdaq: GFS) has been named to Newsweek’s list of “America’s Most Responsible Companies 2024” for the second consecutive year, highlighting its commitment to ESG and environmentally sustainable manufacturing. Stacey Barrick, GF’s global head of ESG, expressed pride in the recognition and emphasized GF’s dedication to corporate responsibility and ESG in every decision.
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GlobalFoundries (NASDAQ: GFS) has announced the appointment of John Hollister as Chief Financial Officer (CFO), effective February 5, 2024. Hollister, a semiconductor industry veteran, will be responsible for GF’s financial strategy and will lead the company’s global finance organization. With decades of experience and a proven track record as a CFO of a publicly traded company, Hollister is expected to support the acceleration of GF's financial performance and create sustainable value for stakeholders.
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GlobalFoundries (Nasdaq: GFS) (GF) announced the launch of a student loan repayment program to help U.S. employees pay down student loan debt. The program is part of a multi-million dollar investment to strengthen the semiconductor talent workforce and will provide a tax-free, lifetime total of $28,500 toward eligible employees' student debt. The initiative aims to ease the financial burden of higher education and training for present and future employees, offering benefits such as tuition reimbursement, parental leave, fitness stipend, and childcare subsidy. The program is set to begin in early 2024 and is designed to attract and retain talented workers, especially in the Capital Region and Upstate New York. The funding from the CHIPS and Science Act aims to make higher education more accessible and level the playing field for the U.S. through building a workforce that enables a successful domestic semiconductor industry.
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GlobalFoundries Inc. (GF) announced preliminary financial results for Q3 2023, with revenue of $1,852 million, gross margin of 28.6%, operating margin of 14.1%, net income of $249 million, and adjusted EBITDA of $667 million. The U.S. Department of Defense awarded GF a 10-year contract for semiconductors. GF expanded its global operations and announced its most advanced RF technology.
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GlobalFoundries Inc. Ordinary Shares
Nasdaq:GFS
GFS Rankings
GFS Stock Data
27.53B
83.60M
102.66%
2.37%
Semiconductor and Related Device Manufacturing
Manufacturing
United States of America
Santa Clara
About GFS
globalfoundries is the world’s first full-service semiconductor foundry with a truly global footprint. launched in march 2009, the company has quickly achieved scale as one of the largest foundries in the world, providing a unique combination of advanced technology and manufacturing to more than 250 customers. with operations in singapore, germany and the united states, globalfoundries is the only foundry that offers the flexibility and security of manufacturing centers spanning three continents. the company’s 300mm fabs and 200mm fabs provide the full range of process technologies from mainstream to the leading edge. this global manufacturing footprint is supported by major facilities for research, development and design enablement located near hubs of semiconductor activity in the united states, europe and asia. globalfoundries is owned by mubadala development company. for more information on globalfoundries, visit www.globalfoundries.com globalfoundries is an equal employment opport