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) 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.
GlobalFoundries (Nasdaq: GFS) has secured a $117 million agreement with the U.S. Department of Defense to supply critical semiconductors for national security applications. The semiconductor chips will be produced at GF's Fab 8 facility in Malta, New York. This partnership aims to boost domestic semiconductor manufacturing capability and ensure a secure supply of essential chips for defense and aerospace. The agreement also facilitates a technology transfer from Fab 10 and is expected to enhance GF's offerings to commercial clients.
GlobalFoundries (Nasdaq: GFS) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for onsemi's acquisition of GF's East Fishkill facility. This regulatory milestone confirms that the deal is on track to close by the end of 2022. GF has utilized the three-year transition period to optimize its global assets and invest in differentiated technologies, ensuring the long-term viability of the East Fishkill facility and its workforce.
GlobalFoundries (NASDAQ: GFS) will host a conference call on May 10, 2022, at 4:30 PM EDT to discuss its Q1 2022 financial results. This call follows the release of its financial report after market closure. Participants can join by dialing 1-877-788-0411 (U.S.) or 1-615-489-8522 (international) using passcode 8265345. Furthermore, the company announced its first Capital Markets Day, scheduled for August 10, 2022, in New York City, where updates on business, technology, and finance will be provided.
On March 7, 2022, GlobalFoundries (Nasdaq: GFS) announced a collaboration with major industry leaders like Broadcom, Cisco, and NVIDIA to address challenges in data centers with innovative silicon photonics solutions. The company introduced its GF Fotonix™ platform, which aims to enhance data transmission efficiency, leveraging a projected growth in the optical networking market to $4 billion by 2026. GF's advanced manufacturing capabilities will support this initiative, alongside partnerships to develop custom silicon photonics solutions, promising improved performance and energy efficiency for high-demand applications.
GlobalFoundries (Nasdaq: GFS) announced the appointment of Bobby Yerramilli-Rao as an independent director, expanding its board to 11 members. Currently the chief strategy officer at Microsoft, Dr. Yerramilli-Rao brings extensive experience in technology strategy and innovation. His role will include serving on the Strategy & Technology Committee, as GF aims to enhance its growth and address evolving customer needs in semiconductor manufacturing. The board chair, Ahmed Yahia Al Idrissi, expressed confidence in Bobby's potential to contribute to GF's innovation journey.
GlobalFoundries (Nasdaq: GFS) reported a record fourth quarter revenue of $1.85 billion, up 9% sequentially. Gross margin improved to 20.8% with an adjusted gross margin of 21.5%. For the fiscal year 2021, revenues reached $6.6 billion, reflecting a 36% year-over-year growth. Operating margins were 5% in Q4 and -1% for the year. The company highlighted significant partnerships, including a supply extension with AMD and a collaboration with Ford. Cash reserves stand at $2.9 billion, providing a robust foundation for future expansion.
GlobalFoundries (NASDAQ: GFS) will host a conference call on February 8, 2022, at 4:30 PM EST to discuss its fourth quarter and full year 2021 financial results. The call follows the release of the financial data after market close. Interested parties can join by dialing 1-877-788-0411 (U.S.) or 1-615-489-8522 (International) with the passcode 8285067. The conference call and a replay will be available on GF's Investor Relations website. GlobalFoundries is a major player in semiconductor manufacturing, offering a mix of design, development, and fabrication services.