Welcome to our dedicated page for Globalfoundries news (Ticker: GFS), a resource for investors and traders seeking the latest updates and insights on Globalfoundries stock.
GlobalFoundries Inc. (Nasdaq: GFS) generates a steady flow of news that reflects its role as a manufacturer of essential semiconductors for automotive, smart mobile devices, internet of things, and communications infrastructure and data center markets. This news page aggregates company announcements, industry collaborations, technology updates and financial disclosures related to GFS.
Readers can find updates on GlobalFoundries’ strategic moves in areas such as Physical AI, silicon photonics, GaN power technologies and processor IP. Recent releases include a definitive agreement to acquire Synopsys’ ARC Processor IP Solutions business, integration plans with MIPS for RISC-V and AI-focused platforms, and the acquisition of Advanced Micro Foundry in Singapore to expand silicon photonics capabilities for AI datacenters and communications.
The company also issues news on partnerships and customer engagements, such as BAE Systems using GF’s advanced FinFET technology for space applications, and technology licensing agreements like the GaN collaboration with TSMC to support datacenter, industrial and automotive power devices. In addition, GlobalFoundries regularly announces events for investors and analysts, including earnings conference calls, financial results and strategy webinars focused on Physical AI and high-growth applications.
By following this GFS news feed, investors and observers can track developments in GF’s global manufacturing footprint across the U.S., Europe and Asia, its end-market focus in automotive, IoT and communications, and its evolving roadmap in silicon photonics, GaN and RISC-V processor IP. This page offers a centralized view of GlobalFoundries’ public communications, from governance and leadership changes to technology milestones and capacity expansion plans.
GlobalFoundries (GFS) reported robust preliminary financial results for Q4 and FY2022, achieving a Q4 revenue of $2,101 million, a 14% increase year-over-year. Yearly revenue reached $8,108 million, up 23%, with a gross margin of 27.6%. Q4 net income soared to $668 million, marking a 1,453% year-over-year increase. Adjusted EBITDA for the year stood at $3,088 million. The company secured a long-term agreement with General Motors and acquired Renesas' CBRAM technology, bolstering its growth strategy. However, a decline in wafer shipments in Q4 was noted, potentially impacting future revenues.
General Motors and GlobalFoundries have announced a strategic agreement to establish a dedicated chip supply corridor. This collaboration aims to improve the manufacturing of semiconductors for GM, responding to the growing demand driven by complex vehicle technologies.
The agreement allows GlobalFoundries to manufacture chips for GM's suppliers in New York, enhancing supply chain resilience. GM anticipates a doubling of its semiconductor needs in the coming years, crucial for electrification and autonomous driving. The partnership underscores a commitment to U.S. semiconductor production, supporting local economies and job creation.
GlobalFoundries (GFS) has announced the acquisition of Renesas Electronics’ Conductive Bridging Random Access Memory (CBRAM) technology, enhancing its memory solutions portfolio. This low power memory solution is aimed at improving applications in IoT and smart devices, offering high read/write speeds and reduced manufacturing costs.
The acquisition is expected to accelerate the development of embedded non-volatile memory solutions, enabling customers to design advanced, energy-efficient devices. Notably, CBRAM technology allows for extended battery life in products, with potential applications ranging from wearables to industrial devices.
GlobalFoundries (NASDAQ: GFS) announced a conference call set for February 14, 2023, at 8:30 a.m. ET, to discuss the company's fourth quarter and full-year 2022 financial results. Interested parties can join the call by registering online. The financial results and a webcast of the call will be available on GF’s Investor Relations website. GF is a leading semiconductor manufacturer known for its innovative process technology solutions, supporting global customers across various markets.
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GlobalFoundries (Nasdaq: GFS) has announced a strategic partnership with Purdue University to bolster semiconductor research and education. This collaboration focuses on joint R&D programs and educational opportunities, enhancing the talent pipeline in semiconductor engineering. Both parties aim to address the growing demand for skilled professionals in the semiconductor industry, underlining the strategic significance of semiconductors for economic security. The initiative complements Purdue's recent launch of the first comprehensive semiconductor degree program in the U.S.
GlobalFoundries Inc. (GFS) reported record third-quarter financial results for 2022, with revenue of $2.1 billion, a 22% increase year-over-year. The net income reached $336 million, marking a 6,620% rise from the previous year. Key metrics include a gross margin of 29.4% and an operating margin of 17.2%. The company also achieved a record in wafer shipments at 637,000 units. Looking ahead, GFS projects Q4 2022 revenue between $2.05 billion and $2.1 billion, with net income expected between $645 million and $770 million.
GlobalFoundries (GFS) has received $30 million in federal funding to enhance the production of next-generation gallium nitride (GaN) chips at its facility in Essex Junction, Vermont. This funding, secured by Senator Patrick Leahy, will aid in purchasing tools and advancing 200mm GaN wafer manufacturing, crucial for high-power applications in sectors like 5G, electric vehicles, and solar energy. With nearly 2,000 employees and a capacity exceeding 600,000 wafers yearly, GF aims to solidify its leadership in semiconductor manufacturing.
GlobalFoundries (NASDAQ: GFS) will host a conference call on November 8, 2022, at 8:30 a.m. ET to discuss its third-quarter 2022 financial results. Interested individuals can register for the call here. Financial results and a webcast will be available on GF's Investor Relations site.
GlobalFoundries (GFS) announced its inclusion in the PHLX Semiconductor Sector Index (SOX), effective September 19, 2022. This recognition positions GFS alongside leading semiconductor firms and reflects its growth strategy and market confidence since its Nasdaq listing in October 2021. The SOX index represents the 30 largest U.S. semiconductor companies by market capitalization, highlighting GFS's strengthened standing in the industry. CFO David Reeder expressed pride in the company's advancements and commitment to delivering innovative semiconductor solutions.