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GlobalFoundries (GFS) is a leading semiconductor foundry providing advanced manufacturing solutions for automotive, IoT, and aerospace industries. This page aggregates official news and press releases to help stakeholders track strategic developments.
Access real-time updates on earnings reports, process technology breakthroughs, and supply chain initiatives. Our curated collection includes announcements about factory expansions, R&D partnerships, and market-specific innovations across GF's global facilities.
Key coverage areas include quarterly financial results, new customer collaborations, and advancements in silicon photonics or advanced packaging. Bookmark this page for streamlined access to operational milestones and regulatory filings.
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GlobalFoundries (Nasdaq: GFS) announced a $950 million secondary public offering of its ordinary shares, including a concurrent $200 million share repurchase. All shares are offered by Mubadala Technology Investment Company, GlobalFoundries' largest shareholder. An additional $112.5 million worth of shares may be purchased by underwriters within 30 days. GlobalFoundries will not receive proceeds from the sale but will fund the share repurchase using its own cash reserves. Morgan Stanley & Co. and BofA Securities are managing the offering, with relevant documents filed with the SEC.
GlobalFoundries (Nasdaq: GFS) has announced a partnership with Micron Technology (Nasdaq: MU) and the U.S. National Science Foundation (NSF) to support semiconductor workforce development at Minority Serving Institutions (MSI). This initiative aims to diversify the semiconductor workforce by investing in education and career reentry programs at Historically Black Colleges and Universities, Hispanic Serving Institutions, Asian American Native American Pacific Islander-Serving Institutions, and Tribal Colleges across the U.S. The partnership aligns with the objectives of the federal CHIPS and Science Act and New York State's Green Chips legislation. Prominent figures like Senate Majority Leader Chuck Schumer have endorsed this initiative, emphasizing its potential to create jobs and foster the next generation of semiconductor talent through internships, education, and training programs.
GlobalFoundries Inc. (GF) reported strong financial results for Q1 2024 with revenue of $1.549 billion, a gross margin of 25.4%, and net income of $134 million. The company's dedication to innovation and differentiation in the semiconductor industry led to surpassing earnings guidance. GF also secured significant funding from the U.S. Department of Commerce and New York State for expansion projects. Additionally, the company committed to achieving net-zero greenhouse gas emissions and 100% carbon-neutral power by 2050, aligning with global climate goals.
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