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The Latest Breaking News from GlobalFoundries

U.S. government set to announce multi-billion dollar Intel grant in Arizona next week: Report

Biden administration will reportedly announce first award to Intel next week.

Tom’s Hardware

Weakness in Tech Stocks Drags the Overall Market Lower

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.60%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.79%. Stocks on Tuesday settled lower, with the Nasdaq...

Barchart

Stocks Under Pressure from Tech Stocks and Nvidia

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.50%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.88%. The broader market is under pressure today as weakness...

Barchart

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Stocks Slip as Weakness in Nvidia Drags Tech Stocks Lower

Morning Markets The S&P 500 Index ($SPX ) (SPY ) today is currently down -0.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.51%. Stock indexes this morning are moderately lower as a -4% slide...

Barchart

GlobalFoundries to Receive $1.5 Billion In Funding from U.S. CHIPS Act

The United States Department of Commerce and GlobalFoundires announced on Monday that the US will be awarding GlobalFoundries with $1.5 billion in funding under the CHIPS and Science Act. The latest domestic chip fab to receive money under the act, GlobalFoundries's funding will be spent to upgrade company's New York…

AnandTech

GlobalFoundries gets 1.5 billion from CHIPS fund, $600 million from NY state

GlobalFoundries to upgrade U.S. fabs using $1.5 billion funding it gets under the CHIPS act and $600 million from the state of New York.

Tom’s Hardware

U.S. Awards GlobalFoundries $1.5 Billion From CHIPS Act; Big Intel Subsidies Soon?

The U.S. awarded GlobalFoundries $1.5 billion in CHIPS Act subsidies on Monday. Intel reportedly could soon get more than $10 billion.

Investors Business Daily

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Biden Administration Invests Biden Administration Invests Top News.5 Billion in Semiconductor Manufacturing.5 Billion in Semiconductor Manufacturing

Get insights on Biden Administration's plan to invest in computer chip production with focus on GlobalFoundries expansion under the CHIPS and Science Act.

Top News

GlobalFoundries: Clients Are Migrating to Sub-10nm Faster Than Expected

When GlobalFoundries abandoned development of its 7 nm-class process technology in 2018 and refocused on specialty process technologies, it ceased pathfinding, research, and development of all technologies related to bleeding-edge sub-10nm nodes. At the time, this was the correct (and arguably only) move for the company, which was bleeding money…

AnandTech

GlobalFoundries Latest Chipmaker To Guide Lower For March Quarter

GlobalFoundries delivered in-line to better-than-expected results for the fourth quarter but guided well below views for the current period.

Investors Business Daily

Intel Reiterates: We Are Not Going to Spin Off IFS

When Intel struggled with its 10nm process technology a few years ago, some investors suggested that the company would be better-off spinning its chip production into an independent foundry, leaving the core of the company to focus on chip design instead. Bucking these calls, however, Intel opted to keep chipmaking…

AnandTech

TSMC Solidifies Leadership on Foundry Market as Intel Jumps into Top 10

The global foundry industry witnessed a substantial rise in demand in the third quarter of 2023, according to TrendForce. The Top 10 foundries collectively saw their revenue soar to about $28.29 billion, marking a 7.9% increase compared to the previous quarter. Taiwan Semiconductor Manufacturing Co. (TSMC) maintained its No. 1…

AnandTech

Chipmaker GlobalFoundries Beats Earnings Goal On In-Line Sales

Contract chipmaker GlobalFoundries beat expectations for earnings in the third quarter while matching views on sales.

Investors Business Daily

How Singapore and its population of just six million is beating much bigger countries in the race to attract chip manufacturing

Singapore could be a lesson for other countries hoping to break into chips: Experience and expertise is worth more than money.

Fortune

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AnandTech

GlobalFoundries Applies for CHIPS Money to Expand U.S. Fabs

Update 9/30: Correcting the number of companies interested in receiving support from the CHIPS fund. GlobalFoundries has applied for financial support from the U.S. CHIPS and Science Act to expand its American manufacturing sites, the company said this week. The company intends to get federal grants and investment tax credits…

Tom’s Hardware

GlobalFoundries Criticizes German Subsidies to Rival TSMC

GlobalFoundries also wants some government money.

Tom’s Hardware

GlobalFoundries: European Chip Subsidies May Damage Ability to Compete

GlobalFoundries, a specialist semiconductor foundry company, has come forward with warnings about how Europe's planned chip subsidies might impact the highly-competitive semiconductor manufacturing landscape.

Investors Business Daily

GlobalFoundries Stock Flashing Renewed Technical Strength With 80+ RS

A Relative Strength Rating upgrade for GlobalFoundries shows improving technical performance.

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PC Gamer

If you own a CPU or GPU, it was made in one of these fab locations

From Dublin to Hsinchu, three companies make most of the high performance chips for our gaming PCs.

Investors Business Daily

Dow Jones Falls Ahead Of Biden Debt Ceiling Meeting; PayPal Dives On Earnings

The Dow Jones Industrial Average fell Tuesday ahead of President Joe Biden's meeting with Congress on the debt ceiling deadline.

Investors Business Daily

GlobalFoundries Tops First-Quarter Targets But Misses Views With Guidance

Contract chipmaker GlobalFoundries beat Wall Street's targets for the first quarter but guided lower for the current period.

TechRadar

GlobalFoundries sues IBM over alleged trade secrets breach

Since a handover between IBM and GF, both companies have been battling it out on the legal playing field.

Tom’s Hardware

GlobalFoundries Sues IBM For Giving Chip Secrets to Intel, Rapidus

GlobalFoundries accuses IBM of disclosing proprietary information to Intel and Rapidus.

Investors Business Daily

Stock Market Rally Extends Pause Amid Hot Inflation; Tesla, Shopify, Airbnb In Focus: Weekly Review

The stock market rally struggled late in the week as hot inflation and other economic data took a toll. Tesla, Shopify, Airbnb moved on news.

Investors Business Daily

Chipmaker Blasts Into Buy Zone On IoT Expansion, 700% Growth

As semiconductor stocks soar, GlobalFoundries inks a deal with GM to make chips and posts 700% growth. GFS stock soars on the news.

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