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 (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 (GFS) has filed a lawsuit against IBM for alleged trade secret misappropriation, claiming IBM unlawfully disclosed GF's confidential intellectual property to partners including Intel and Japan's Rapidus. This lawsuit, filed in the Southern District of New York, stems from a 2015 sale of IBM's microelectronics business to GF. GF argues that IBM is unjustly profiting from licensing income exceeding hundreds of millions by leveraging technology that GF claims to exclusively own. The complaint also highlights IBM's recruitment efforts aimed at attracting GF's engineering talent, intensifying post the IBM/Rapidus partnership announcement. GF seeks compensatory and punitive damages, alongside an injunction against further disclosures of its trade secrets.