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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?
Newly public companies are often among the market's biggest percentage gainers, and 2021 initial public offerings Globalfoundries Inc. (NASDAQ: GFS), On Holding AG (NYSE: ONON), and Qualtrics Internat
Sellers knocked the stock market lower again, hurt by an earnings sell-off for Home Depot and another big jump in the 10-year Treasury yield. The post Stock Market Takes Another Hit As 10-Year Yield A
With the Federal Reserve committed to containing previously skyrocketing inflation, a sense of urgency and direction may benefit certain stocks with more upside potential. True, this year has already
Three semiconductor investors discuss how legacy car maker General Motors is trying to get ahead of the chip supply chain struggles.
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