Streetbeat News

GFS

GLOBALFOUNDRIES Inc.

https://www.globalfoundries.com

Industry

Semiconductors

GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. It manufactures integrated circuits, which enable various electronic devices that are pervasive. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems, as well as offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.

Open

46.94

Mkt cap

25B

Volume

3.8M

High

47.00

P/E Ratio

34.30

52-wk high

62.61

Low

44.17

Div yield

N/A

52-wk low

35.85

GlobalFoundries shares are trading higher amid strength in chip stocks following positive US jobs data.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 7:29 pm

GlobalFoundries (NASDAQ:GFS) has acquired Tagore Technology's GaN technology, enhancing its portfolio in high-power density solutions for automotive, IoT, and AI datacenter applications. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:25 pm

BAE Systems and GlobalFoundries have announced a collaboration to develop semiconductors for national security programs. This partnership aims to enhance the supply chain for critical defense technologies.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:55 pm

ElevATE Semiconductor and GlobalFoundries (NASDAQ:GFS) have announced a partnership to produce high-voltage chips at GF's Vermont facility. These chips, designed by ElevATE and manufactured using GF's 7HV technology, are crucial for commercial semiconductor testing equipment and aerospace and defense systems.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:43 pm

JPMorgan's 52nd annual Global Technology, Media, and Communications Conference highlighted an optimistic outlook for the semiconductor industry, driven by cyclical improvements and AI demand. Companies like AMD, Micron, and Arm are expected to benefit from this upcycle, with strong demand for AI infrastructure and memory products.

Portfolio Pulse from Surbhi Jain

May 23, 2024 | 4:09 pm

GlobalFoundries shares are trading lower following the announcement of a $950 million secondary offering.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:34 am

Several major stocks, including VF Corp, Cytokinetics, and NetEase, experienced significant declines in pre-market trading on Thursday. VF Corp reported worse-than-expected Q4 results, leading to a 15.2% drop. Cytokinetics and NetEase also saw notable declines due to a public offering and disappointing Q1 revenue, respectively.

Portfolio Pulse from Avi Kapoor

May 23, 2024 | 9:39 am

GlobalFoundries has priced a $950 million secondary offering of ordinary shares at $50.75 per share, which includes a concurrent $200 million share repurchase. The selling shareholder is a subsidiary of Mubadala Investment Company PJSC, GlobalFoundries' largest shareholder.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 6:14 am

GlobalFoundries Inc. (NASDAQ:GFS) announced a $950 million secondary offering of its ordinary shares, leading to a 6.54% drop in its share price after-hours. The offering is from its largest shareholder, Mubadala Technology Investment Company, and includes a concurrent $200 million share repurchase by GlobalFoundries.

Portfolio Pulse from Erica Kollmann

May 22, 2024 | 9:07 pm

The article highlights the after-market movements of 11 information technology stocks on Wednesday. Notable gainers include LiveRamp Holdings, Zuora, Ascent Solar Technologies, FOXO Technologies, Snowflake, and WiSA Technologies. On the losing side, Oblong, Actelis Networks, GLOBALFOUNDRIES, Signing Day Sports, and WM Tech saw declines.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 8:31 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.