GFS - GLOBALFOUNDRIES Inc.
After hours:
| Previous Close | 57.40 |
| Open | 57.69 |
| Bid | 58.80 x 900 |
| Ask | 59.10 x 800 |
| Day's Range | 57.69 - 60.28 |
| 52 Week Range | 36.81 - 72.50 |
| Volume | |
| Avg. Volume | 1,392,146 |
| Market Cap | 32.665B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 22.26 |
| EPS (TTM) | 2.66 |
| Earnings Date | May 09, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 72.29 |
GlobeNewswireGlobalFoundries and STMicroelectronics Finalize Agreement for New 300mm Semiconductor Manufacturing Facility in France
PARIS, June 05, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (Nasdaq: GFS), a global leader in feature-rich semiconductor manufacturing, and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the conclusion of the agreement to create a new, jointly-operated, high-volume semiconductor manufacturing facility in Crolles (France), which was announced on 11 July 2022. “I would like to thank Minister Le Mair
ReutersFrance to provide 2.9 billion euros in aid for new STMicro/GlobalFoundries factory
France said on Monday it will provide 2.9 billion euros ($3.10 billion) in state aid to help support an investment of 7.5 billion euros that chipmakers STMicroelectronics and GlobalFoundries are making to build a semiconductor factory in Crolles, southeastern France. "This is a considerable and massive" investment, Finance Minister Bruno Le Maire told a joint news conference held at the ministry with the heads of the two companies. The 2.9 billion euros are part of the 5.5 billion euros package France has set aside for its investments in the microchip sector by 2030, he added.
- GlobeNewswire
U.S. Government Accredits GlobalFoundries to Manufacture Trusted Semiconductors at New York Facility
Securely manufactured chips to be used in DoD systems on land, air, sea, and in spaceMALTA, N.Y., May 30, 2023 (GLOBE NEWSWIRE) -- The U.S. Department of Defense (DoD), through the Defense Microelectronics Activity (DMEA), Trusted Access Program Office (TAPO), has accredited GlobalFoundries’ (Nasdaq: GFS) (GF) advanced manufacturing facility in Malta, New York, as a Category 1A Trusted Supplier with the ability to manufacture secure semiconductors for a range of critical aerospace and defense ap
Motley FoolGlobalFoundries Believes the Semiconductor Recovery Is Here, but There's a Catch
GlobalFoundries (NASDAQ: GFS) projects to be free-cash-flow positive this year, even with a semiconductor recovery happening slower than previously anticipated. Want to learn more about what GlobalFoundries' earnings revealed about the semiconductor market? Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say.
- Thomson Reuters StreetEvents
Q1 2023 Globalfoundries Inc Earnings Call
Q1 2023 Globalfoundries Inc Earnings Call
ReutersChipmaker GlobalFoundries forecasts downbeat quarter, shares fall
The chip industry has struggled in the past few months due to a slowdown in orders from data center operators and consumer electronics maker, with a recovery expected only later this year. GlobalFoundries forecast second-quarter revenue between $1.81 billion and $1.85 billion, the midpoint of which was slightly lower than estimates of $1.85 billion, according to Refinitiv. Its profit outlook was also below expectations.
ZacksGlobalFoundries Inc. (GFS) Beats Q1 Earnings and Revenue Estimates
GlobalFoundries Inc. (GFS) delivered earnings and revenue surprises of 4% and 0.51%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
GlobalFoundries Announces Chief Financial Officer Transition and Names New Chief Business Officer
Tim Stone to join GF as CFO and Niels Anderskouv joins as CBO to accelerate market leadership in differentiated technologiesMALTA, N.Y., May 09, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) (GF) today announced the appointment of two new senior executives to its leadership team. Tim Stone has been appointed as the new Chief Financial Officer (CFO), taking over for David Reeder who will leave the company after transitioning to Stone over the coming months, and Niels Anderskouv will join
- GlobeNewswire
GlobalFoundries Reports First Quarter 2023 Financial Results
MALTA, N.Y., May 09, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the first quarter ended March 31, 2023. Key First Quarter Financial Highlights Revenue of $1,841 million.Gross margin of 28.0% and adjusted gross margin(1) of 28.5%.Operating margin of 15.8% and adjusted operating margin(1) of 17.7%.Net income of $254 million and adjusted net income(1) of $290 million.Adjusted EBITDA(1) of $655 million.Cash, cash equivalents and
Simply Wall St.GLOBALFOUNDRIES Inc.'s (NASDAQ:GFS) Share Price Could Signal Some Risk
It's not a stretch to say that GLOBALFOUNDRIES Inc.'s ( NASDAQ:GFS ) price-to-sales (or "P/S") ratio of 3.9x right now...
ReutersSTMicroelectronics, GlobalFoundries win EU approval for French chip factory
Chipmakers STMicroelectronics and GlobalFoundries secured EU approval on Friday to build a chip factory with French state aid in France. “The aid will take the form of direct grants to ST and to GF, to support their investments in the project worth totally 7.4 billion euros ($8.13 billion),” the European Commission said in a statement. The EU executive, which acts as the competition enforcer in the 27-country bloc, said the companies agreed to satisfy EU priority rated orders during a supply shortage and will also share potential additional profits beyond current expectations with France.
BloombergIBM Sued for Allegedly Profiting Off a Business It Spun Off Years Ago
(Bloomberg) -- GlobalFoundries Inc. filed a lawsuit against International Business Machines Corp., claiming that Big Blue is continuing to profit from a chip business that it spun off nearly eight years ago. Most Read from BloombergTucker Carlson Leaves Fox News in Shakeup After SettlementClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtFox Fired ‘Uncontrollable’ Host Tucker Carlson, Who Badmouthed BossesBRICS Draws Membership Bids From 19 Nations Before SummitCNN A
- Reuters
UPDATE 4-GlobalFoundries sues IBM, says trade secrets were unlawfully given to Japan's Rapidus
Chip manufacturer GlobalFoundries Inc said on Wednesday it had filed a lawsuit against International Business Machines Corp , accusing it of unlawfully sharing confidential intellectual property and trade secrets. New York-based GlobalFoundries said in its complaint that IBM had shared IP and trade secrets with Rapidus, a new state-backed Japanese consortium that IBM is working with to develop and produce cutting-edge two-nanometre chips. It also asserted that IBM had unlawfully disclosed and misused its IP with Intel Corp, noting that IBM had announced in 2021 it would collaborate with Intel on next-generation chip technology.
ReutersGlobalFoundries sues IBM, says trade secrets were unlawfully given to Japan's Rapidus
OAKLAND, California, (Reuters) -Chip manufacturer GlobalFoundries Inc said on Wednesday it had filed a lawsuit against International Business Machines Corp, accusing it of unlawfully sharing confidential intellectual property and trade secrets. New York-based GlobalFoundries said in its complaint that IBM had shared IP and trade secrets with Rapidus, a new state-backed Japanese consortium that IBM is working with to develop and produce cutting-edge two-nanometre chips. It also asserted that IBM had unlawfully disclosed and misused its IP with Intel Corp, noting that IBM had announced in 2021 it would collaborate with Intel on next-generation chip technology.
- GlobeNewswire
GlobalFoundries Files Lawsuit Against IBM to Protect its Intellectual Property and Trade Secrets
Accuses IBM of unlawful disclosure to Intel, the Japanese consortium Rapidus and othersMALTA, N.Y., April 19, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) (GF) today sued IBM for trade secret misappropriation. The complaint asserts the former semiconductor manufacturing company has unlawfully disclosed GF’s confidential IP and trade secrets, after IBM sold its microelectronics business to GF in 2015. The technology at issue was collaboratively developed, over decades, by the companies
- GlobeNewswire
GlobalFoundries Engineer Receives $50,000 Award for Groundbreaking Technology Advances in Inaugural GFX Prize Program
Additional innovation winners announced for 2023 Master Inventors and DE&I in Inventorship ChampionMALTA, N.Y., April 11, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) announced today the winner of its inaugural GFX Prize. This inaugural award recognizes a single groundbreaking invention from among our GF inventors worldwide. As part of this prestigious program, the GFX Prize awards $50,000 USD. We are pleased to announce that Dr. Yusheng Bian, a technology development engineer, Ma
- Simply Wall St.
We Like These Underlying Return On Capital Trends At GLOBALFOUNDRIES (NASDAQ:GFS)
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
- GlobeNewswire
GlobalFoundries Announces Conference Call to Review First Quarter 2023 Financial Results
MALTA, N.Y., April 04, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, May 9, 2023, at 8:30 a.m. ET following the release of the company’s first quarter 2023 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, May 9, 2023, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company’s financia
- GlobeNewswire
Georgia Tech and GlobalFoundries to Collaborate on Joint Semiconductor Research and Workforce Development
New partnership to include educational opportunities for Georgia Tech students and faculty, STEM outreach, and joint R&D programs on GF technologyATLANTA and MALTA, N. Y., March 31, 2023 (GLOBE NEWSWIRE) -- Georgia Institute of Technology, one of the top public research universities in the U.S., and GlobalFoundries (Nasdaq: GFS) (GF), one of the world’s leading semiconductor manufacturers, today announced a new partnership to expand collaboration on semiconductor research, education, talent, and
Motley FoolThe CHIPS Act Is Accepting Applications -- Does That Make GlobalFoundries Stock a Buy?
The bear market of 2022 bludgeoned technology stocks, but it also brought an end to the chip shortage for many markets -- at exactly the wrong time for investors. Supply of high-end chips for smartphones, PCs, and some data center components started to loosen up, just as consumer demand for electronic devices started to wane after two years of early-pandemic spending sprees. The U.S. CHIPS and Science Act is now accepting applications from chip manufacturers, which could help bring relief to companies that use mature-node semiconductors in the coming years.
ZacksUMC or GFS: Which Is the Better Value Stock Right Now?
UMC vs. GFS: Which Stock Is the Better Value Option?
Motley FoolGlobalFoundries and General Motors Team Up -- a Win-Win for Both Companies?
Three semiconductor investors discuss how legacy car maker General Motors is trying to get ahead of the chip supply chain struggles.
ZacksZacks Industry Outlook Highlights Infineon Technologies, GlobalFoundries and ASE Technology
Infineon Technologies, GlobalFoundries and ASE Technology Zacks Industry Outlook article.
Zacks3 Electronics Stocks to Escape Pandemic-Led Disruptions
The pandemic-led disruptions hurt the Zacks Electronics - Semiconductors industry. Industry players like IFNNY, GFS and ASX are set to gain from the solid adoption of 5G, AI, ML, IoT and Blockchain.
ZacksGlobalFoundries Inc. (GFS) Q4 Earnings and Revenues Top Estimates
GlobalFoundries Inc. (GFS) delivered earnings and revenue surprises of 7.46% and 1.29%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
