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Bear of the Day: GlobalFoundries (GFS)

07:20am, Thursday, 29'th Feb 2024
When I last wrote about GlobalFoundries ( GFS ) in early July, as shares were trading near $65, I summed up that this "US-based Semi fabricator fights to draw new business in a global nanometer AI-chi
The Biden administration's CHIPS Act will be giving chip designer GlobalFoundries (GFS) a $1.5 billion grant to promote state-side semiconductor production. TECHnalysis Research President and Chief An
Thomas Caulfield, GlobalFoundries CEO, joins 'Closing Bell Overtime' to talk a $1.5 billion investment from the CHIPS Act.
CNBC's Meghan Casella reports on the latest news in the semiconductor space.
The US government has awarded a $1.5 billion grant to GlobalFoundries under a broader initiative to enhance domestic semiconductor production. This funding, part of the CHIPS and Science Act initiativ
Globalfoundries Inc (NASDAQ:GFS) closed at $53.38, marking a significant pre-market surge of $3.88. Pre-market trading tends to exhibit heightened volatility due to lower trading volume outside standa
The announcement of a preliminary memorandum to provide approximately $1.5 billion in direct funding under the CHIPS and Science Act to GlobalFoundries (GF) signals an investment in critical domestic
The U.S. awarded GlobalFoundries $1.5 billion in CHIPS Act subsidies on Monday. Intel reportedly could soon get more than $10 billion.
The grant will go toward chips for the auto and defense industries, and is the largest award to date from $39 billion in government funding.
The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains.
GlobalFoundries' (GFS) fourth-quarter results reflect weakness across the smart mobile devices, communications infrastructure and datacenter, home and industrial IoT, and personal computing markets.
Thomas Caulfield, GlobalFoundries CEO, joins 'Closing Bell Overtime' to talk quarterly results, the state of the economy, the semiconductor industry and more.
The headline numbers for GlobalFoundries Inc. (GFS) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall
GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $1.44 per share a year ago.
GlobalFoundries (GFS) fourth-quarter 2023 results are likely to reflect strength across automotive and IoT end markets. However, weakness in communications infrastructure and data center markets is a
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