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GlobalFoundries Inc. reports developments in contract semiconductor manufacturing, including financial results, manufacturing technologies, customer platforms and capital allocation. GF serves automotive, smart mobile devices, IoT, communications infrastructure, AI data-center and other semiconductor markets from a global manufacturing footprint spanning the U.S., Europe and Asia.
Company news includes updates on silicon photonics and co-packaged optics, FDX and AutoPro automotive platforms, embedded non-volatile memory such as eMRAM, share repurchases, dividends, secondary share activity, investor-day strategy and intellectual-property actions tied to its process technologies.
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GlobalFoundries (GFS) has filed a lawsuit against IBM for alleged trade secret misappropriation, claiming IBM unlawfully disclosed GF's confidential intellectual property to partners including Intel and Japan's Rapidus. This lawsuit, filed in the Southern District of New York, stems from a 2015 sale of IBM's microelectronics business to GF. GF argues that IBM is unjustly profiting from licensing income exceeding hundreds of millions by leveraging technology that GF claims to exclusively own. The complaint also highlights IBM's recruitment efforts aimed at attracting GF's engineering talent, intensifying post the IBM/Rapidus partnership announcement. GF seeks compensatory and punitive damages, alongside an injunction against further disclosures of its trade secrets.
GlobalFoundries (GFS) announces the inaugural GFX Prize, awarding $50,000 to Dr. Yusheng Bian for his groundbreaking invention in silicon photonics technology.
This innovation is set to enhance data transfer speed and reliability in datacenters, crucial for modern technology. Dr. Bian holds over 170 patents and has been recognized as a leader in innovation. The GFX Prize is part of GF Patent Week, which encourages a culture of inventorship across the company.
Additionally, GF honored six new Master Inventors and recognized Laura Silverstein as the DEI in Inventorship Champion to support diversity in innovation. These initiatives underscore GF’s commitment to fostering talent and driving technological advancements.
GlobalFoundries (NASDAQ: GFS) has scheduled a conference call on May 9, 2023, at 8:30 a.m. ET to discuss its Q1 2023 financial results. The call will provide insights into the company’s performance and strategic direction. Interested parties can register for the call here. Financial results and a webcast will be available at the Investor Relations website.
GlobalFoundries (Nasdaq: GFS) has partnered with Georgia Tech to enhance semiconductor research and education.
The collaboration will focus on developing new educational opportunities and joint R&D programs related to GF technology. The partnership aims to support workforce development in the semiconductor industry, tapping into U.S. government funding through the CHIPS and Science Act.
Both organizations plan to create internship programs, enhance curriculum, and inspire diversity within the semiconductor sector.
GF's research initiatives will be managed by GF Labs, ensuring alignment with industry needs and innovation goals.