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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GLOBALFOUNDRIES's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GLOBALFOUNDRIES's position in the market.
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GlobalFoundries (Nasdaq: GFS) has been named to Newsweek’s list of “America’s Most Responsible Companies 2024” for the second consecutive year, highlighting its commitment to ESG and environmentally sustainable manufacturing. Stacey Barrick, GF’s global head of ESG, expressed pride in the recognition and emphasized GF’s dedication to corporate responsibility and ESG in every decision.
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2.56%
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GlobalFoundries (NASDAQ: GFS) has announced the appointment of John Hollister as Chief Financial Officer (CFO), effective February 5, 2024. Hollister, a semiconductor industry veteran, will be responsible for GF’s financial strategy and will lead the company’s global finance organization. With decades of experience and a proven track record as a CFO of a publicly traded company, Hollister is expected to support the acceleration of GF's financial performance and create sustainable value for stakeholders.
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5.43%
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GlobalFoundries (Nasdaq: GFS) (GF) announced the launch of a student loan repayment program to help U.S. employees pay down student loan debt. The program is part of a multi-million dollar investment to strengthen the semiconductor talent workforce and will provide a tax-free, lifetime total of $28,500 toward eligible employees' student debt. The initiative aims to ease the financial burden of higher education and training for present and future employees, offering benefits such as tuition reimbursement, parental leave, fitness stipend, and childcare subsidy. The program is set to begin in early 2024 and is designed to attract and retain talented workers, especially in the Capital Region and Upstate New York. The funding from the CHIPS and Science Act aims to make higher education more accessible and level the playing field for the U.S. through building a workforce that enables a successful domestic semiconductor industry.
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0.5%
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GlobalFoundries Inc. (GF) announced preliminary financial results for Q3 2023, with revenue of $1,852 million, gross margin of 28.6%, operating margin of 14.1%, net income of $249 million, and adjusted EBITDA of $667 million. The U.S. Department of Defense awarded GF a 10-year contract for semiconductors. GF expanded its global operations and announced its most advanced RF technology.
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GlobalFoundries receives $35 million in federal funding to accelerate manufacturing of gallium nitride chips
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-1.54%
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GlobalFoundries and the U.S. Department of Defense to host Trusted Foundry Training event
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GlobalFoundries to host conference call on November 7, 2023, following release of Q3 2023 financial results.
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-0.38%
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GlobalFoundries and Microchip Technology announce the release of the SST ESF3 third-generation embedded SuperFlash non-volatile memory (NVM) solution in the GF 28SLPe foundry process. The implementation delivers capabilities such as low cost, competitive bitcell size, and high performance. Use cases for embedded flash are increasing in applications like IoT and smart devices.
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2.81%
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GlobalFoundries announces advancements to its 22FDX platform, meeting demands in IoT and automotive industries. New features include ultra-low power memory and temperature-resistant capabilities. These enhancements address the need for better power efficiency and top-tier performance.
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GlobalFoundries (GF) (Nasdaq: GFS) is highlighting key advancements in semiconductor manufacturing at its annual Technology Summit in Europe. The event focuses on enabling better power efficiency, enhanced performance, and security for applications in critical end markets like IoT, smart mobile, and automotive. GF's President and CEO, Dr. Thomas Caulfield, will kick off the event with a keynote address entitled 'Essential chips fuel the era of AI,' emphasizing the transformative potential of these technologies.
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GLOBALFOUNDRIES Inc.
Nasdaq:GFS
GFS Rankings
GFS Stock Data
28.19B
83.60M
102.66%
2.37%
Semiconductor and Related Device Manufacturing
Manufacturing
United States of America
Santa Clara
About GFS
globalfoundries is the world’s first full-service semiconductor foundry with a truly global footprint. launched in march 2009, the company has quickly achieved scale as one of the largest foundries in the world, providing a unique combination of advanced technology and manufacturing to more than 250 customers. with operations in singapore, germany and the united states, globalfoundries is the only foundry that offers the flexibility and security of manufacturing centers spanning three continents. the company’s 300mm fabs and 200mm fabs provide the full range of process technologies from mainstream to the leading edge. this global manufacturing footprint is supported by major facilities for research, development and design enablement located near hubs of semiconductor activity in the united states, europe and asia. globalfoundries is owned by mubadala development company. for more information on globalfoundries, visit www.globalfoundries.com globalfoundries is an equal employment opport