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GlobalFoundries Inc. is a multinational semiconductor contract manufacturing and design company incorporated in the Cayman Islands and headquartered in Malta, New York. [4] Created by the divestiture of the manufacturing arm of AMD in March 2009, the company was privately owned by Mubadala Investment Company , a sovereign wealth fund of the ...
(Reuters) -GlobalFoundries and IBM said on Thursday they have settled dueling lawsuits in which GlobalFoundries was accused of breaching a contract with IBM and the computer giant was alleged to ...
Shares of GlobalFoundries (NASDAQ: GFS) fell 13.8% in September 2024, according to data from S&P Global Market Intelligence.The chip sector as a whole took a haircut in the first week of September ...
GlobalFoundries Inc (NASDAQ:GFS) stock gained after it reported its quarterly earnings Tuesday. The company’s fiscal first-quarter 2024 revenue declined 16% year-on-year to $1.55 billion ...
GlobalFoundries — the world's third-largest contract chipmaker — had won $1.5 billion in subsidies from the U.S. government ear GlobalFoundries forecasts Q2 revenue, profit above estimates on ...
Nevertheless, GlobalFoundries shares were headed down with the rest of the stock market in early 2022. The stock reached $50 a share on February 23, dropping from $66.73 at the start of the year ...
GlobalFoundries said it expects adjusted profit per share to be in the range of 53 cents to 64 cents in the three months to December, above estimates of 52 cents, according to LSEG data.
The beaten-down semiconductor company's earnings were better than the market feared.