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The Latest Breaking News from GlobalFoundries

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

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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

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

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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

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…

AnandTech

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.

Tom’s Hardware

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.

PC Gamer

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.

TechRadar

GlobalFoundries Sues IBM For Giving Chip Secrets to Intel, Rapidus

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

Tom’s Hardware

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Tribune News Service

GM makes deal with wafer maker to secure semiconductor part supply

General Motors Co. and GlobalFoundries are forming a long-term agreement to give GM a dedicated supply of a critical part on semiconductors, the companies announced Thursday.

Benzinga

What 6 Analyst Ratings Have To Say About GLOBALFOUNDRIES

Analysts have provided the following ratings for GLOBALFOUNDRIES (NASDAQ:GFS) within the last quarter:

The Guardian - US

Why is the US about to give away $52bn to corporations like Intel?

The Chips Act would provide an enormous subsidy to chipmakers for making their chips in the US. This is extortion

Benzinga

GlobalFoundries-STMicro Discuss Partnering For Chip Plant In France

GlobalFoundries Inc (NASDAQ:GFS) and STMicroelectronics N.V. (NYSE:STM) are amid discussions to build a semiconductor factory in France with the help of government funds, Bloomberg reports. The European Commission looks to produce 20% of the world’s chips by 2030. The European Union executive arm proposed the 43 billion euro ($45.3 billion) Chips Act earlier to…

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Benzinga

Where GLOBALFOUNDRIES Stands With Analysts

Analysts have provided the following ratings for GLOBALFOUNDRIES (NASDAQ:GFS) within the last quarter:

Benzinga

Needham Maintains Buy Rating for GLOBALFOUNDRIES: Here's What You Need To Know

Needham has decided to maintain its Buy rating of GLOBALFOUNDRIES (NASDAQ:GFS) and lower its price target from $87.00 to $70.00. Shares of GLOBALFOUNDRIES are trading down 5.06% over the last 24 hours, at $50.06 per share. A move to $70.00 would account for a 39.83% increase from the current share…

Benzinga

Analyst Ratings for GLOBALFOUNDRIES

GLOBALFOUNDRIES (NASDAQ:GFS) has observed the following analyst ratings within the last quarter:

StockNews.com

3 Red-Hot Semiconductor Stocks to Add to Your Watchlist: Rambus, GlobalFoundries, and Kulicke & Soffa

The escalating war between Ukraine and Russia has exacerbated ongoing global supply chain issues and price increases for semiconductor chips. The industry is nonetheless expected to thrive, however, due to rising investments to ramp up production and heightened demand for semiconductor chips in electric vehicles (EVs) and consumer electronics industries.…

Benzinga

Here's Why Morgan Stanley Prefers Globalfoundries Over Intel

Morgan Stanley analyst Joseph Moore upgraded Globalfoundries Inc (NASDAQ:GFS) to Overweight from Equal Weight with a price target of $72.50, up from $70 (21.64% upside). Moore downgraded Intel Corp (NASDAQ:INTC) from Equal-Weight to Underweight and announced a $47 price target (3.83% downside). Moore prefers GlobalFoundries over Intel, given his view that the former acts as a hedge against the…

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