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 (NASDAQ: GFS) has appointed Pradheepa Raman as Chief People Officer, effective September 12, 2022. Raman brings extensive HR experience, having previously served at Stanley Black & Decker and Samsung Electronics America. Her role at GF will focus on recruitment, talent development, and enhancing the company's diversity, equity, and inclusion culture. CEO Thomas Caulfield has expressed optimism about her leadership, stating Raman will elevate GF's HR strategies during a critical period for the semiconductor industry.
GlobalFoundries (NASDAQ: GFS) announced its participation in two upcoming investor conferences. The first is on September 1, 2022, at the Deutsche Bank 2022 Technology Conference, scheduled for 9:30 am PT. The second is on September 8, 2022, during the Citi 2022 Global Technology Conference at 8:15 am ET. Live webcasts and replays will be available in the Investor section on GF's website at investors.gf.com. As a leading semiconductor manufacturer, GF provides advanced technology solutions for high-growth markets.
GlobalFoundries reported a record revenue of $1.99 billion for Q2 2022, marking a 23% increase year-over-year. The company achieved a gross margin of 27.0% and net income of $264 million. Highlights include the shipment of 630 thousand wafers and the extension of a long-term agreement with Qualcomm, expected to add over $4 billion in revenue. With strong cash positions of $3.3 billion, GF is focused on expanding capacity to meet growing customer demands while navigating supply chain challenges.
GlobalFoundries and Qualcomm Technologies have extended their long-term semiconductor manufacturing agreement, following the U.S. CHIPS and Science Act. This expansion aims to secure wafer supply and enhance U.S.-based manufacturing at GF's advanced facility in Malta, New York. The agreement will support production for 5G transceivers, Wi-Fi, automotive, and IoT applications through 2028, highlighting a commitment to bolster the domestic semiconductor industry. The collaboration is expected to ensure a resilient supply chain for high-performance chips amid increasing global demand.
The CEOs of GlobalFoundries (GFS), Applied Materials (AMAT), and Ford (F) will co-host a summit with government officials to foster partnerships following the CHIPS and Science Act's passage. This act aims to enhance U.S. semiconductor manufacturing, addressing supply chain challenges and supporting economic and national security. Key leaders like Brian Deese and Dr. William LaPlante will engage in discussions on optimizing semiconductor production and promoting transportation electrification. The summit, held on August 8, 2022, underscores a commitment to domestic manufacturing and innovation.
GlobalFoundries (NASDAQ: GFS) announced a conference call on August 9, 2022, at 8:30 AM ET, to discuss its second quarter 2022 financial results. Following this, the company will host its first Capital Markets Day on August 10, 2022, in New York City, where updates on business, manufacturing, technology, and finance will be presented by company executives. Interested parties can access the financial results and a webcast of the call on GF's Investor Relations website.
Summary not available.
GlobalFoundries (GFS) launched GF Labs at the GF Technology Summit, focusing on semiconductor innovation and a long-term technology roadmap. This initiative aims to broaden its portfolio and enhance customer product development, connecting to trends like IoT, AI, and 5G, projecting semiconductor market revenue to exceed $1.3 trillion by 2030. GF Labs will foster partnerships for R&D, advancing technologies such as RF silicon on insulator (RFSOI) and silicon-germanium (SiGe) while enhancing capabilities in data-centric applications.
GlobalFoundries (NASDAQ: GFS) announced its participation in several upcoming investor conferences, including the J.P. Morgan Global Technology Conference on May 24, 2022, and the Bank of America Global Technology Conference on June 8, 2022. The company will host its first Capital Markets Day on August 10, 2022, in New York City, where executives will provide updates on business, manufacturing, technology, and finance. Live webcasts of these events will be available on their investor website.
GlobalFoundries Inc. (GFS) reported a 37% year-over-year revenue increase for Q1 2022, reaching $1.94 billion. The company achieved a record gross margin of 24.2% and net income of $178 million. Adjusted metrics also showed significant growth, with an adjusted net income of $232 million and adjusted EBITDA margin at 36.0%. Cash and equivalents amounted to $3.26 billion. Recent highlights included the launch of GF Fotonix™ and positive advancements in an ongoing acquisition deal. The outlook for Q2 2022 forecasts revenue between $1,955 million and $1,985 million.