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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 (GFS) has received $30 million in federal funding to enhance the production of next-generation gallium nitride (GaN) chips at its facility in Essex Junction, Vermont. This funding, secured by Senator Patrick Leahy, will aid in purchasing tools and advancing 200mm GaN wafer manufacturing, crucial for high-power applications in sectors like 5G, electric vehicles, and solar energy. With nearly 2,000 employees and a capacity exceeding 600,000 wafers yearly, GF aims to solidify its leadership in semiconductor manufacturing.
GlobalFoundries (NASDAQ: GFS) will host a conference call on November 8, 2022, at 8:30 a.m. ET to discuss its third-quarter 2022 financial results. Interested individuals can register for the call here. Financial results and a webcast will be available on GF's Investor Relations site.
GlobalFoundries (GFS) announced its inclusion in the PHLX Semiconductor Sector Index (SOX), effective September 19, 2022. This recognition positions GFS alongside leading semiconductor firms and reflects its growth strategy and market confidence since its Nasdaq listing in October 2021. The SOX index represents the 30 largest U.S. semiconductor companies by market capitalization, highlighting GFS's strengthened standing in the industry. CFO David Reeder expressed pride in the company's advancements and commitment to delivering innovative semiconductor solutions.
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.
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