GlobalFoundries forecasts weak Q1 amid tariff concerns and smartphone sector struggles
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GlobalFoundries has forecasted lower-than-expected revenue and profit for Q1, citing concerns over tariffs affecting automaker clients and challenges in the smartphone market.
February 11, 2025 | 2:00 pm
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GlobalFoundries has issued a forecast for Q1 that falls below Wall Street expectations, citing potential impacts from tariffs on automaker clients and a challenging smartphone market.
The forecasted weak Q1 results are directly linked to external factors such as tariffs and a struggling smartphone market, which are likely to negatively impact GlobalFoundries' financial performance in the short term.
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