GlobalFoundries Expands Partnership with Apple to Advance Wireless Connectivity and Power Management, Reinforcing U.S. Chip Manufacturing Leadership

Rhea-AI Summary

GlobalFoundries (Nasdaq: GFS) has announced an expanded partnership with Apple to advance semiconductor technologies and strengthen U.S. manufacturing capabilities. The collaboration focuses on manufacturing wireless connectivity technologies and power management solutions for AI-enabled devices at GF's Malta, New York facility.

This agreement builds upon GF's recently announced $16 billion investment plan to expand semiconductor manufacturing across New York and Vermont facilities. The partnership aligns with Apple's $600 billion American Manufacturing Program commitment over the next four years and supports the administration's goals for domestic semiconductor production and AI leadership.

Positive

• Strategic partnership with Apple strengthens GF's position in advanced chip manufacturing
• Part of a larger $16 billion investment plan for expanding U.S. manufacturing facilities
• Secures long-term collaboration for next-generation AI-enabled device components
• Reinforces GF's role in domestic semiconductor supply chain security

Negative

• Significant capital investment requirements for facility expansion
• Increased dependency on a single major customer (Apple)

News Market Reaction – GFS

-3.27% 2.4x vol

16 alerts

-3.27% News Effect

+6.0% Peak in 12 hr 51 min

-$672M Valuation Impact

$19.88B Market Cap

2.4x Rel. Volume

On the day this news was published, GFS declined 3.27%, reflecting a moderate negative market reaction. Argus tracked a peak move of +6.0% during that session. Our momentum scanner triggered 16 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $672M from the company's valuation, bringing the market cap to $19.88B at that time. Trading volume was elevated at 2.4x the daily average, suggesting increased selling activity.

Data tracked by StockTitan Argus on the day of publication.

MALTA, N.Y., Aug. 06, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced it has entered into an agreement with Apple for a deeper collaboration that will advance semiconductor technologies and strengthen U.S. manufacturing.

This partnership will enable GF to accelerate investments at its state-of-the-art semiconductor manufacturing facility in Malta, New York, underscoring a shared commitment to strengthen U.S.-based innovation and production of power-efficient, AI-enabling technologies that are essential to the future of mobile computing and intelligent devices.

“Today’s announcement is a significant milestone in our decade-long partnership with Apple, as we work together to manufacture critical wireless connectivity technologies and power management solutions, key parts of next-generation AI-enabled devices,” said Tim Breen, CEO of GlobalFoundries. “This is a testament to GF's technology differentiation, coupled with our unique secure and onshore capabilities, and the trust Apple has placed in GF to deliver and build the advanced chips that power its next-generation smart mobile technologies. This agreement builds on our prior announcements and reinforces our shared commitment to strengthening U.S. semiconductor manufacturing and building a more resilient onshore supply chain.”

“With our new American Manufacturing Program, we’re proud to partner with companies like GlobalFoundries to create new jobs and bring even more manufacturing to America,” said Sabih Khan, Apple’s chief operating officer. “This is part of our $600 billion commitment to the US over the next four years, and we couldn’t be more excited about the future of American innovation.”

In June, in collaboration with major technology partners, GF announced plans to invest $16 billion to expand semiconductor manufacturing and advanced packaging across its facilities in New York and Vermont. These efforts are supported by and aligned with the administration's bold policies, which prioritize American leadership in AI, including domestic semiconductor manufacturing for national and supply chain security.

About GF

GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented global team delivers results with an unyielding focus on security, longevity and sustainability. For more information, visit www.gf.com.

©GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners.

Media Contact:
Erica McGill
GlobalFoundries
erica.mcgill@gf.com

FAQ

What is the new partnership between GlobalFoundries and Apple?

GlobalFoundries has partnered with Apple to manufacture wireless connectivity technologies and power management solutions for AI-enabled devices at its Malta, New York facility, as part of Apple's $600 billion U.S. commitment.

How much is GlobalFoundries investing in U.S. manufacturing expansion?

GlobalFoundries announced plans to invest $16 billion to expand semiconductor manufacturing and advanced packaging across its facilities in New York and Vermont.

What types of chips will GlobalFoundries manufacture for Apple?

GlobalFoundries will manufacture critical wireless connectivity technologies and power management solutions that are essential for next-generation AI-enabled devices.

How does this partnership affect U.S. semiconductor manufacturing?

The partnership strengthens U.S. semiconductor manufacturing capabilities and helps build a more resilient onshore supply chain, supporting domestic AI leadership and national security objectives.

What is Apple's commitment to U.S. manufacturing through this partnership?

Apple has committed $600 billion to U.S. manufacturing over the next four years through its American Manufacturing Program, which includes partnerships like the one with GlobalFoundries.