Globalfoundries, the semiconductor company that spun out of Advanced Micro Devices, announced the abrupt exit of its newly appointed CFO on Tuesday. Tim Stone, who was due to start at Globalfoundries

Bear of the Day: GlobalFoundries (GFS)

07:50am, Thursday, 06'th Jul 2023
GlobalFoundries ( GFS ) is the third largest semiconductor foundry in the world behind Taiwan Semi ( TSM ) and Samsung. Recent company updates scaled back immediate growth prospects, and that's why th
MALTA, N.Y., July 05, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, August 8, 2023, at 8:30 a.m. ET following the release of th

New Strong Sell Stocks for June 23rd

08:54am, Friday, 23'rd Jun 2023
MGY, RICK and GFS have been added to the Zacks Rank #5 (Strong Sell) List on June 23, 2023.
Chipmaker GlobalFoundries and missile manufacturer Lockheed Martin on Monday announced their partnership to secure domestic semiconductor supply for defense systems.
GlobalFoundries continues to benefit from the automotive tailwinds impacting the chip industry.
GlobalFoundries CEO Tom Caulfield joins 'Closing Bell Overtime' to discuss GlobalFoundries quarterly earnings results, stock performance, and its outlook for the second half of the year.
Shares of semiconductor contract manufacturing and design company GlobalFoundries (NASDAQ: GFS ) fell sharply amid a challenging backdrop. Primarily, GFS stock slipped about 8% in the late afternoon h

GlobalFoundries stock drops as revenue falls

08:48am, Tuesday, 09'th May 2023
Shares of GlobalFoundries Inc. GFS were declining about 1% in premarket trading Tuesday after the chip foundry company marginally exceeded expectations for quarterly revenue but saw a decline on the m
Our growth outlook remains limited by lower demand than supply with the smartphone and PC market weakness in 2023, especially for its smartphone segment (51% of revenue). The company's margins have in
Chipmakers STMicroelectronics and GlobalFoundries on Friday secured EU approval to build a new chip factory with French state aid in France.
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 t
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
After steady growth since its IPO, GlobalFoundries is poised for a fall in revenue this year. Despite a less certain immediate outlook, profit margins look poised to keep rising.
UMC vs. GFS: Which Stock Is the Better Value Option?
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