GlobalFoundries uzavřela s americkým ministerstvem obchodu definitivní dohodu o grantu až ve výši 375 milionů USD na výzkum a vývoj kvantových čipů. Cílem je posílit domácí výrobu a vedoucí postavení USA v kvantových technologiích.
MALTA, N.Y., Sept. 08, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced it has finalized a definitive agreement with the U.S. Department of Commerce’s CHIPS Research and Development Office for a $375 million award for research and development to accelerate the company's Quantum Technology Solutions (QTS) business, designed to help scale domestic quantum semiconductor manufacturing and strengthen the United States' leadership in quantum technologies.
The agreement advances the goal of establishing a secure, U.S.-based ecosystem for the development and manufacturing of quantum chips. Through Quantum Technology Solutions, GF is accelerating R&D and expanding access to advanced manufacturing capabilities and enabling quantum computing companies to move from research and prototyping toward commercial-scale production. Under the agreement, GF is eligible to receive up to $375 million in funding over a five-year period tied to the achievement of specified milestones.
"This is another important milestone for Quantum Technology Solutions and our efforts to build a scalable domestic quantum manufacturing ecosystem," said Nicholas Sergeant, vice president and general manager of Quantum Technology Solutions at GlobalFoundries. "Since launching, we have expanded engagement with customers and ecosystem partners who are leveraging GF's R&D and manufacturing expertise to address some of the industry's most challenging scaling requirements. We're grateful for the Department of Commerce's support as we continue building the foundation for a secure, domestic quantum manufacturing ecosystem."
GF has continued to advance its quantum technology roadmap and deepen collaborations across the quantum ecosystem. The company's efforts are focused on enabling the transition from research-driven innovation to scalable manufacturing through differentiated capabilities in cryogenic CMOS technologies, advanced packaging and heterogeneous integration, helping position GF as a foundry partner of choice for emerging quantum applications.
The completion of the agreement reflects continued progress toward establishing a robust U.S. quantum supply chain and expands GF's broader efforts to advance critical semiconductor technologies. GF has also recently announced it has entered into a $300 million letter of intent with the Department's CHIPS Research and Development Office to accelerate R&D in silicon photonics. GF’s initiatives in quantum computing and next-generation optical connectivity are two technologies expected to be foundational to future AI infrastructure and advanced computing systems. GF is focused on continuing to strengthen its position as a trusted manufacturing partner for emerging technology innovators through investments in research.
About GF
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors, enabling AI at scale from the cloud to the physical world. Through deep partnerships with customers, GF delivers differentiated, power efficient and high performance solutions for automotive, aerospace and defense, data center, smart mobile devices, internet of things and other high growth markets. With global manufacturing operations across the U.S., Europe and Asia, GF is a trusted and holistic technology partner for customers around the world. GF’s talented, global team remains focused every day on security, longevity and sustainability. For more information, visit www.gf.com.
Forward-Looking Statements
This press release includes “forward-looking statements” that reflect our current expectations and views of future events. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding our financial outlook, future guidance, product development, business strategy and plans, and market trends, opportunities and positioning. These statements are based on current expectations, assumptions, estimates, forecasts, projections and limited information available at the time they are made. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” "outlook," "on track" and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a broad variety of risks and uncertainties, both known and unknown. Any inaccuracy in our assumptions and estimates could affect the realization of the expectations or forecasts in these forward-looking statements. For example, our business could be impacted by geopolitical conditions such as the ongoing political and trade tensions with China and the continuation of conflicts in the Middle East and Ukraine; ongoing political developments in the United States, and in particular, any political and policy-related changes that may impact our industry and the market generally, such as the imposition of trade controls, tariffs and counter-tariffs between the United States and its trade partners and new legislation; the market for our products may develop or recover more slowly than expected or than it has in the past; we may fail to achieve the full benefits of our strategic optimization efforts; our operating results may fluctuate more than expected; there may be significant fluctuations in our results of operations and cash flows related to our revenue recognition or otherwise; a network or data security incident that allows unauthorized access to our network or data or our customers’ data could result in a system disruption, loss of data or damage our reputation; we could experience interruptions or performance problems associated with our technology, including a service outage; global economic conditions could deteriorate, including due to rising inflation and any potential recession; the expected benefits of our announced partnerships may fail to materialize; and we may fail to achieve the anticipated results or benefits from funding received (including awards under the U.S. CHIPS and Science Act and New York State Green CHIPS) and our expected results and planned or further expansions and operations may not proceed as planned if funding we expect to receive is delayed or withheld for any reason. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Moreover, we operate in a competitive and rapidly changing market, and new risks may emerge from time to time. You should not rely upon forward-looking statements as predictions of future events. These statements are based on our historical performance and on our current plans, estimates and projections in light of information currently available to us, and therefore you should not place undue reliance on them.
Although we believe that the expectations reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Moreover, neither we, nor any other person, assumes responsibility for the accuracy and completeness of these statements. Recipients are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-looking statements as a result of new information, subsequent events or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events. For a discussion of potential risks and uncertainties, please refer to the risk factors and cautionary statements in our 2025 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission (SEC). Copies of our SEC filings are available on our Investor Relations website, investors.gf.com, or from the SEC website, www.sec.gov.
GlobalFoundries uvolnila zákazníkům PDK pro dvě nové CMOS platformy UX: 40UX a 22UX pro inteligentní edge, konektivitu a Physical AI. 40UX míří na ultraúsporné MCU a bezdrátové aplikace, 22UX na náročnější analogové a senzorové systémy.
Newest feature-rich CMOS platform family combines ultra-low power connectivity, sensing and mixed-signal innovation with cost-efficient manufacturing for next-generation edge devices | Source: GlobalFoundries Inc.
SANTA CLARA, Calif., Sept. 02, 2026 (GLOBE NEWSWIRE) -- Today at its annual GF Technology Summit (GTS) in North America, GlobalFoundries (Nasdaq: GFS) (GF) announced process design kit (PDK) availability for its UX platform family, two new feature-rich CMOS technologies purpose-built for next-generation intelligent edge devices and advanced sensing systems. First introduced on stage at GTS last year, the UX family includes 40nm (40UX) and 22nm (22UX) technologies, providing customers with a scalable roadmap for ultra-low power microcontrollers, wireless connectivity devices, sensor interfaces, imaging systems and edge AI applications. Built on proven technology modules and supported by GF’s design ecosystem and global manufacturing footprint, UX technologies help customers accelerate development of AI devices and intelligent systems while balancing performance, power, cost and supply requirements.
As intelligence moves from the cloud into billions of connected devices, designers need semiconductor technologies that combine precise sensing, always-on connectivity and energy-efficient processing within tight power and form factor constraints. The UX family expands GF’s portfolio of differentiated technologies for Physical AI, giving customers a scalable path for solutions enabling connected microcontrollers (MCUs), highly integrated sensing and mixed-signal systems. 40UX brings proven, cost-efficient integration to MCUs and always-on-edge devices, while 22UX provides a higher level of analog, sensing, and mixed-signal performance for more complex intelligent systems.
The 40UX platform is optimized for secure, smart and connected microcontrollers and systems-on-a-chip (SoCs) serving wearable, IoT and wireless connectivity applications. Based on GF’s high-volume 40nm platform with high-endurance eFlash technology that has shipped more than one million wafers to date, 40UX combines ultra-low leakage transistors and SRAM, low-noise analog capabilities, integrated embedded flash with built-in self-test functionality and advanced RF enablement to support long battery life, high reliability and compact form factors. The platform is particularly well suited for Bluetooth Low Energy (BLE) devices, wireless connectivity products, low-noise sensor interfaces and other power-sensitive edge applications.
The 40UX platform is set to ramp to volume production at GF’s Singapore site by 2027, with future production planned through its site in Malta, New York. The technology’s roadmap includes optimizations embedded processing, including high-voltage and noise enablement, Automotive Grade 1 qualification and enhanced embedded non-volatile memory options.
For applications that require higher levels of analog integration and sensing performance, the 22UX platform delivers an analog-optimized 22nm solution for edge AI, imaging and mixed-signal systems. The platform combines ultra-low power operation with low-noise analog devices, improved device matching, wafer-scale Random Telegraph Signal (RTS) noise characterization, bonding-ready wafers for advanced 3D integration and a roadmap for ultra-low leakage, analog compute-in-memory and embedded memory capabilities. The platform is ideally suited for stacked CMOS image sensor readout ICs with a 1/f flicker noise and low-noise 3.3V analog FET for precise measurement. The platform’s improved device matching and higher voltage headroom make it an optimal choice for cost-optimized mixed-signal SoCs, sensor interfaces and power sensitive edge devices that require superior analog performance.
The 22UX platform integrates analog-optimized features including ultra-low power capabilities for exceptional energy-efficiency and third generation fill cells for faster product-level block/module integration. The platform is industry-compatible, offering easy porting from other bulk CMOS platforms, and was developed using high-volume proven modules and GF’s successful 28nm technology that has shipped over one million wafers to date. 22UX will be manufactured at GF’s advanced manufacturing facility in Dresden, Germany with a roadmap to reach multi-site production through GF’s global footprint.
“Intelligence is moving into more of the devices people and businesses rely on every day, creating new demands for power efficiency, precise sensing, connectivity and cost-effective integration,” said Ed Kaste, senior vice president of GF’s CMOS business. “Our new UX platform family gives customers a scalable path to develop differentiated products for the intelligent edge, backed by proven technology and GF’s global manufacturing capabilities. By expanding our feature-rich CMOS portfolio with 40UX and 22UX, we are helping customers bring the next generation of connected and Physical AI systems to market.”
Both platforms are available for customer engagement and prototyping through GF’s GlobalShuttle™ multi-project wafer program with quarterly shuttles scheduled through 2027.
About GF
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented global team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com.
Forward-looking information
This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.
TSMC ve 2. čtvrtletí zvýšila tržby o 33,7 % a v červenci meziročně o 44,7 % díky silné poptávce po nejpokročilejších technologiích. GlobalFoundries ve 2. čtvrtletí rostla jen o 6 %.
Key Takeaways TSMC's leading-edge demand drove 33.7% Q2 revenue growth and 44.7% July revenue growth.GlobalFoundries grew Q2 revenues 6%, while Communications Infrastructure and Data Center rose over 60%.TSMC trades at a lower forward P/E than GlobalFoundries, supporting its stronger investment case. Taiwan Semiconductor Manufacturing Company (TSM - Free Report) , or TSMC, and GlobalFoundries (GFS - Free Report) are two prominent players in the highly competitive foundry segment of the semiconductor industry. TSMC helped establish the pure-play foundry business model, focusing solely on making chips designed by its customers. A majority of its revenues come from wafer fabrication, while packaging and testing, mask making, design and royalty income make up the rest.
On the other hand, GFS is a scaled foundry that serves a broad range of end markets, including automotive, communications infrastructure and data centers, smart mobile devices, home and industrial Internet of Things (IoT). The company specializes in essential chip technologies across digital, analog, mixed-signal, RF, ultra-low-power and embedded memory.
Over the past 12 months, TSMC shares have surged 81.3%, while GFS has gained 48.9%.
Image Source: Zacks Investment Research
Mordor Intelligence projects the foundry market to reach $184.78 billion in 2026, up from $171.72 billion in 2025 and expand at a 7.61% CAGR through 2031. Against this backdrop, let’s analyze which stock makes the stronger investment case.
The Case for TSMCThe company is consistently gaining from strong demand for its leading-edge process technologies. In the second quarter of 2026, revenues increased 33.7% year over year. TSMC’s July revenue report further reflected this momentum, with revenues rising 44.7% year over year. The AI boom continues to drive the need for more computation, supporting the robust demand for leading-edge silicon. TSMC is also seeing a strong outlook from its customers, including major cloud service providers, strengthening its view of a multi-year AI opportunity. With its technology advantages and broad customer base, management expects full-year 2026 revenue growth to be slightly above 40% year over year in U.S. dollar terms.
TSMC is also making progress with its 2-nanometer (N2) ramp-up, which entered high-volume manufacturing in the fourth quarter of 2025 with good yield. Production is now ramping up in phases at Hsinchu and Kaohsiung, supported by demand from smartphones and HPC/AI applications. That said, the steep ramp-up is expected to dilute gross margin by about 3-4 percentage points in the second half of the year.
At the same time, the company continues to execute its global plan to add three more 3-nanometer (N3) fabs — one each in Taiwan, Arizona and Japan — to support its robust multiyear demand pipeline for N3 technologies. It is also increasing mature-node capacity in higher-value areas, such as through JASM Fab 1 in Japan for CMOS image sensor applications and ESMC in Germany for automotive and industrial applications.
The company ended the second quarter with $110 billion in cash and marketable securities, while cash from operations generated in the quarter was nearly TWD 783 billion. TSMC is also increasing its 2026 cash dividend to TWD 24 per share, up 33% from the 2025 levels. The company expects cash dividends per share to continue increasing in 2027.
The Case for GFSGlobalFoundries delivered $1.79 billion in revenues in the second quarter of 2026, which rose 6% year over year and exceeded the high end of its guidance range. Gross margin expanded nearly 500 basis points, helped by improved structural costs, manufacturing productivity and growth in value-accretive secular end markets.
Technology Services is gaining traction as more design wins convert into revenues and customer partnerships expand. Following the MIPS and Synopsys ARC processor IP Solutions business acquisitions, GlobalFoundries lifted its 2026 Technology Services revenue outlook to $100-$120 million from $60-$100 million, with gross margin expected to be significantly above corporate targets.
Among end markets, Communications Infrastructure and Data Center is a strong contributor, with demand for silicon photonics and silicon germanium (SiGe) offerings driving more than 60% year-over-year revenue growth in the second quarter. GlobalFoundries secured multiple new SiGe TIA and driver design wins across networking customers and also closed a first-of-a-kind design win for smart power stage gate drivers on its BCD platform.
Recently, it also entered into a letter of intent with the U.S. Department of Commerce for a $300 million award aimed at advancing next-generation silicon photonics technologies in the United States.
Solid demand for applications across AI-enabled image processing, health care wearables and next-generation MCUs for edge AI compute drove IoT revenue growth to its fastest year-over-year level since 2022. GlobusFoundries landed three strategic chiplet design wins with Lockheed Martin across its FinFET and FDX platforms and expanded its Microchip relationship through a FinFET design win. That said, Smart Mobile Devices are projected to decline by a low-teens percentage in 2026, as memory pricing and related shortages weigh on industry forecasts.
GFS also made progress in quantum, AI data-center networking and power, as well as IP, software and custom silicon during the quarter. In July, the company paid its first quarterly cash dividend of $0.12 per share, signaling confidence in future cash generation.
How Do Estimates Compare for TSM & GFS?The Zacks Consensus Estimate calls for TSMC’s 2026 EPS to increase 54.5% to $16.45. The estimate has moved higher over the past 60 days.
Image Source: Zacks Investment Research
The consensus mark for GFS’ 2026 EPS calls for a 14% increase to $1.96. The estimate has also been revised upward over the past 60 days.
Image Source: Zacks Investment Research
TSM & GFS’ ValuationTSMC shares are trading at a forward, 12-month Price/Earnings (P/E) of 21.41X, while GlobalFoundries trades at 25.57X.
Image Source: Zacks Investment Research
EndnoteTSMC continues to benefit from sustained demand for its leading-edge technologies. Its N2 technology is also moving through a significant production ramp-up and is expected to lift revenues further in the coming quarters. The company is also expanding N3 and mature-node capacity to support customer demand. GlobalFoundries delivered a solid second quarter, aided by higher revenues and stronger margins. The company is gaining momentum in Technology Services, alongside strong demand in Communications Infrastructure and Data Center and IoT end markets. However, Smart Mobile Devices faces a weaker outlook in 2026.
On the dividend front, TSMC is raising its payout, while GFS has paid its first quarterly dividend in the quarter. TSMC shares have outperformed GFS over the past year and trade at a lower earnings multiple. Taking all into account, TSM appears to be the stronger choice for investment today.
TSM sports a Zacks Rank #1 (Strong Buy), while GFS carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
SEALSQ od září 2026 spustí druhou fázi své iniciativy Quantum za 200 milionů USD a plánuje do konce roku 2027 vyčlenit dalších 100 milionů USD na nová kvantová aktiva.
GlobalFoundries' secure CMOS manufacturing platform, Quobly's silicon spin-qubit processors and EeroQ's electrons-on-helium architecture converge inside a single Root-to-Qubit-to-Space trust framework, as SEALQUANTUM.com prepares to deploy the next $100 million across new sovereign quantum assets August 07, 2026 08:30 ET | Source: SEALSQ
Geneva, Switzerland , Aug. 07, 2026 (GLOBE NEWSWIRE) --
August 7, 2026 — SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or the "Company"), a global leader in secure semiconductors, PKI and post-quantum cybersecurity technologies, outlines today how its SEALQuantum.com Sovereign Quantum Vertical Stack (“Stack”) is interconnecting the growing roster of partners and portfolio companies within the SEALQUANTUM.com ecosystem. Beginning in September SEALSQ will enter the second phase of deploying its $200 million budgeted allocation of capital, an internal strategic initiative through which SEALSQ allocates its own capital resources, targeting strategic Quantum assets to further strengthen and scale the platform and accelerate development of its post-quantum and quantum technology capabilities.
Second Phase of Deployment of the $200 Million Commitment Begins in September
Building on the more than $65 million already deployed out of the SEALQuantum.com initiative’s $200 million budget allocation, an additional $100 million has been earmarked for closing through the end of 2027. SEALSQ confirmed that, starting in September 2026, SEALQUANTUM.com will begin the second phase of allocation of its $200 million Quantum initiative. This next phase is intended to add further strategic assets to the Quantum Vertical Sovereign Stack, extending the ecosystem's coverage across post-quantum semiconductors, quantum-resistant cryptographic infrastructure, secure communications and digital identity, edge computing and embedded AI, and satellite and space-based infrastructure. The Company has identified several opportunities for these next investments, currently at various stages of discussion and negotiation.
“With the Quantum Vertical Sovereign Stack, our objective is to build a scalable, sovereign quantum platform that can translate today’s capital deployment into tomorrow’s recurring revenue and strategic moat,” said Carlos Moreira, Chairman and CEO of SEALSQ. “GlobalFoundries provides a trusted, high-volume manufacturing base, while Quobly and EeroQ give us two complementary, CMOS-compatible paths to quantum processors on that same foundation. As we enter the second phase of deployment of our $200 million SEALQuantum initiative in September, our focus is on adding assets that are accretive to this Root-to-Qubit-to-Space architecture, deepen our control of critical layers in the stack, and position SEALSQ to capture the long-term economic value of the SEALQUANTUM.com ecosystem.”
One Stack, Many Partners: How the Quantum Vertical Sovereign Stack Connects the Ecosystem
SEALSQ's Stack is designed as a "Root-to-Qubit" architecture that links every layer of the quantum value chain, secure semiconductors, post-quantum cryptographic infrastructure, digital identity, embedded AI, and satellite and space-based infrastructure, into a single, interoperable framework. Rather than functioning on a standalone basis, portfolio companies and partners including EeroQ, Quobly, ColibriTD, IC'ALPS, WISeSat.Space, Wecan Group, Miraex and Quantix Edge Security are being progressively woven into this common Stack, each contributing a distinct technology layer that connects upward and downward to its neighbors.
At the foundation of the Stack sits SEALSQ's certified secure-semiconductor and PKI base, developed together with manufacturing and process partners such as GlobalFoundries (Nasdaq: GFS) ("GF"), under a strategic Memorandum of Understanding covering secure semiconductor platforms, post-quantum cryptography and CryoCMOS technologies for quantum computing. Above that foundation, emerging quantum-processor technologies, including Quobly's silicon spin-qubit architecture and EeroQ's electrons-on-helium (eHe) architecture, plug into the same trusted, CMOS-compatible manufacturing base, while ColibriTD's quantum-as-a-service layer and IC'ALPS' ASIC design capabilities translate that hardware into deployable products. WISeSat.Space and the planned Quantum Spatial Orbital Cloud (QSOC) then extend the same root of trust into orbit, and Wecan Group and Quantix Edge Security bring quantum-resilient identity, compliance and cybersecurity services to end customers. The result is intended to be a single, auditable chain of trust running from the semiconductor wafer to the satellite constellation.
Because both Quobly's silicon spin-qubit devices and EeroQ's electrons-on-helium devices are engineered for CMOS-compatible fabrication, the Quantum Vertical Sovereign Stack is designed to let both processor families draw on the same class of secure, high-volume semiconductor manufacturing and control-electronics capability that SEALSQ is developing together with GF, giving SEALSQ two complementary, industrially scalable paths to quantum hardware, wrapped in a common layer of certified secure semiconductors and post-quantum cryptography.
About SEALSQ:
SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.
SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.
For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.
Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.
SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
SEALSQ Corp.
Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000 [email protected] Investor Relations (US)
The Equity Group Inc.
Lena Cati
Tel: +1 212 836-9611 [email protected]
GlobalFoundries ve 2. čtvrtletí překonala odhady: EPS činil 0,46 USD a tržby 1,79 mld. USD za čtvrtletí končící v červnu 2026. Akcie letos přidaly zhruba 49 %.
GlobalFoundries Inc. (GFS - Free Report) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.55%. A quarter ago, it was expected that this company would post earnings of $0.35 per share when it actually produced earnings of $0.4, delivering a surprise of +14.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
GlobalFoundries, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $1.79 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.42%. This compares to year-ago revenues of $1.69 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
GlobalFoundries shares have added about 49% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for GlobalFoundries?While GlobalFoundries has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for GlobalFoundries was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.50 on $1.87 billion in revenues for the coming quarter and $1.89 on $7.28 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Broadcom Inc. (AVGO - Free Report) , is yet to report results for the quarter ended July 2026.
This chipmaker is expected to post quarterly earnings of $3.22 per share in its upcoming report, which represents a year-over-year change of +90.5%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Broadcom Inc.'s revenues are expected to be $29.47 billion, up 84.7% from the year-ago quarter.
GlobalFoundries (NASDAQ:GFS – Get Free Report) will likely be announcing its Q2 2026 results before the market opens on Wednesday, August 5th. Analysts expect the company to post earnings of $0.4330 per share and revenue of $1.7641 billion for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 8:30 AM ET.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 EPS. On average, analysts expect GlobalFoundries to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
GlobalFoundries Stock Performance Shares of GFS opened at $50.01 on Tuesday. The company’s 50 day simple moving average is $71.63 and its 200-day simple moving average is $58.65. GlobalFoundries has a 12-month low of $31.51 and a 12-month high of $92.55. The firm has a market cap of $27.44 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 1.77 and a beta of 1.80. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13.
GlobalFoundries Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 24th. GlobalFoundries’s dividend payout ratio (DPR) is presently 34.53%.
Analyst Ratings Changes Several analysts have recently weighed in on GFS shares. Wedbush reaffirmed a “neutral” rating and issued a $50.00 target price on shares of GlobalFoundries in a report on Monday, May 4th. Arete Research set a $95.00 price target on shares of GlobalFoundries in a report on Wednesday, June 10th. UBS Group increased their price objective on GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Evercore reaffirmed an “outperform” rating and issued a $85.00 target price on shares of GlobalFoundries in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.12.
Read Our Latest Stock Analysis on GlobalFoundries
Insider Transactions at GlobalFoundries In other GlobalFoundries news, insider Samak L. Azar sold 500 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $74.82, for a total value of $37,410.00. Following the transaction, the insider owned 15,494 shares of the company’s stock, valued at approximately $1,159,261.08. This represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,800 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $75.17, for a total transaction of $210,476.00. Following the sale, the insider directly owned 6,695 shares of the company’s stock, valued at $503,263.15. This represents a 29.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 19,450 shares of company stock worth $1,412,000.
Hedge Funds Weigh In On GlobalFoundries Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in GlobalFoundries by 4.4% in the first quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after buying an additional 660 shares during the last quarter. AQR Capital Management LLC boosted its stake in GlobalFoundries by 77.6% during the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after purchasing an additional 44,599 shares during the period. Jones Financial Companies Lllp grew its stake in shares of GlobalFoundries by 7,120.1% in the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock worth $450,000 after acquiring an additional 12,033 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of GlobalFoundries by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock worth $1,055,000 after purchasing an additional 903 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of GlobalFoundries during the 2nd quarter worth approximately $269,000.
About GlobalFoundries (Get Free Report)
GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.
GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.
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First Trust Advisors LP raised its holdings in GlobalFoundries Inc. (NASDAQ:GFS – Free Report) by 97.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 264,837 shares of the company’s stock after acquiring an additional 130,643 shares during the quarter. First Trust Advisors LP’s holdings in GlobalFoundries were worth $11,780,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of GlobalFoundries by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after purchasing an additional 154 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in GlobalFoundries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company’s stock valued at $59,571,000 after purchasing an additional 31,590 shares during the last quarter. Parallel Advisors LLC lifted its stake in GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after purchasing an additional 237 shares during the last quarter. California Public Employees Retirement System boosted its holdings in GlobalFoundries by 3.9% during the first quarter. California Public Employees Retirement System now owns 192,309 shares of the company’s stock worth $8,554,000 after buying an additional 7,144 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after buying an additional 2,813,548 shares in the last quarter.
GlobalFoundries Stock Up 6.0% Shares of NASDAQ:GFS opened at $49.89 on Friday. The firm has a 50 day simple moving average of $73.05 and a 200 day simple moving average of $58.52. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The company has a market cap of $27.37 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.76.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the company posted $0.34 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, research analysts expect that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.
GlobalFoundries Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. GlobalFoundries’s payout ratio is currently 34.53%.
Analyst Ratings Changes Several research firms have issued reports on GFS. Robert W. Baird set a $100.00 price target on GlobalFoundries in a report on Wednesday, May 6th. Evercore reissued an “outperform” rating and set a $85.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 19th. Loop Capital set a $80.00 target price on GlobalFoundries in a report on Monday, May 4th. Morgan Stanley boosted their target price on GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Wedbush reaffirmed a “neutral” rating and set a $50.00 target price on shares of GlobalFoundries in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GlobalFoundries presently has a consensus rating of “Hold” and a consensus price target of $74.62.
View Our Latest Stock Analysis on GFS
GlobalFoundries News Summary Here are the key news stories impacting GlobalFoundries this week:
Positive Sentiment: The proposed government award strengthens GlobalFoundries’ position in the strategic U.S. semiconductor supply chain and provides outside funding for a technology area viewed as important to the growth of AI infrastructure. Analysts at Wedbush said the agreement reinforces the case for increased domestic silicon-photonics investment. US to award GlobalFoundries $300 million to develop faster AI chip links Positive Sentiment: Investors are also looking ahead to GlobalFoundries’ second-quarter 2026 results, scheduled for Aug. 5 before the market opens. The company has beaten earnings estimates in each of the past four quarters, with an average surprise of 13.97%, raising expectations for another potential beat. GFS Set to Report Q2 Results Neutral Sentiment: The award remains subject to the finalization of the government agreement, and the immediate financial impact is uncertain. With shares trading at a relatively elevated earnings multiple, some of the optimism surrounding the CHIPS funding may already be reflected in the stock. Neutral Sentiment: GlobalFoundries also streamlined its board following shareholder-backed annual-meeting decisions. The governance change could improve focus, but the reports provide limited evidence of a near-term effect on earnings or valuation. GlobalFoundries Streamlines Board After Shareholder-Backed AGM Decisions Negative Sentiment: An insider sold 335 shares for approximately $19,135 under a pre-arranged Rule 10b5-1 trading plan. The small, scheduled transaction is unlikely to materially change the investment case, but it is a modest negative signal. Insider Activity In related news, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $58.22, for a total transaction of $232,880.00. Following the transaction, the director directly owned 14,867 shares of the company’s stock, valued at approximately $865,556.74. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,800 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $75.17, for a total value of $210,476.00. Following the completion of the sale, the insider directly owned 6,695 shares of the company’s stock, valued at approximately $503,263.15. This represents a 29.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 19,615 shares of company stock worth $1,430,608.
About GlobalFoundries (Free Report)
GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.
GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.
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GlobalFoundries za 2. čtvrtletí očekává růst tržeb na 1,76 miliardy USD z 1,69 miliardy USD před rokem. Tahounem má být poptávka po AI sítích, komunikacích a datových centrech.
Key Takeaways GFS is expected to post higher Q2 revenues, supported by AI networking, communications and data centers.GlobalFoundries expanded AI and quantum offerings through new launches and an acquisition during the quarter.GFS faces weak smartphone demand, macro uncertainty and geopolitical risks ahead of Q2 earnings. GlobalFoundries Inc. (GFS - Free Report) is set to report second-quarter 2026 results on Aug. 5, before the opening bell. In the trailing four quarters, the company delivered an earnings surprise of 13.97%, beating estimates on all occasions.
The leading semiconductor manufacturer is expected to witness top-line growth year over year, backed by healthy demand in AI networking, communications infrastructure and data center space. Strength in automotive and recovery in industrial IoT are positive factors. However, weak smartphone market, macro headwinds, geopolitical uncertainty and customer concentration are concerning.
Factors at PlayDuring the quarter, GlobalFoundries strengthened its position in AI infrastructure by introducing the SCALE (Silicon Photonics Co-packaged Advanced Light Engine) optical module solution for co-packaged optics. The solution is expected to have boosted the company's silicon photonics portfolio and drive customer engagement in the AI networking domain.
GlobalFoundries also expanded its presence in Physical AI through the completion of the acquisition of Synopsys' Processor IP Solutions business. The buyout is likely to have strengthened prospects across automotive, industrial robotics and edge AI applications.
During the quarter, GlobalFoundries launched Quantum Technology Solutions, a dedicated business focused on manufacturing quantum hardware. The initiative is backed by customer engagements, government support and partnerships with leading quantum computing companies. It is expected to have enhanced the company's exposure to high-performance computing markets.
Innovative product launches and solid demand in AI infrastructure, communications and data center domains are expected to have a positive impact in the second quarter. However, weakness in the smartphone vertical and ongoing macro uncertainty remain concerns. The company faces competition from other major players in the industry such as TSMC, Tower Semiconductor and others.
Overall ExpectationsFor the June quarter, the Zacks Consensus Estimate for total revenues is pegged at $1.76 billion, indicating an improvement from the year-ago quarter’s reported figure of $1.69 billion. The consensus estimate for adjusted earnings per share is pegged at 44 cents, indicating growth from 42 cents reported a year ago.
Earnings WhispersOur proven model does conclusively predict a likely earnings beat for GFS for the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is exactly the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +0.33%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: GFS carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to ConsiderHere are some other stocks you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat this season:
Sandisk Corporation (SNDK - Free Report) is set to release quarterly numbers on Aug. 5. It has an Earnings ESP of +4.13% and sports a Zacks Rank #1.
The Earnings ESP for Arista Networks, Inc. (ANET - Free Report) is +3.08%, and it carries a Zacks Rank of 2. The company is scheduled to report quarterly numbers on Aug. 4.
The Earnings ESP for Advanced Micro Devices, Inc. (AMD - Free Report) is +1.56%, and it carries a Zacks Rank of 2. The company is scheduled to report quarterly numbers on Aug. 4.
GlobalFoundries uzavřel s americkým ministerstvem obchodu předběžnou dohodu o potenciální dotaci 300 milionů USD na rozvoj silikonové fotoniky pro AI a HPC.
LOI for CHIPS R&D award advances the optical technologies powering AI and high-performance computing July 29, 2026 06:32 ET | Source: GlobalFoundries Inc.
MALTA, N.Y., July 29, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) today announced it has entered into a letter of intent (LOI) with the U.S. Department of Commerce to accelerate research and development of next-generation silicon photonics — the optical technology that moves data at the speed of light and underpins the AI and high-performance computing data centers driving the global economy. Under the LOI, the Department’s CHIPS Research and Development Office is expected to award GF $300 million to advance next-generation optical materials, wafer technologies and advanced packaging, reinforcing U.S. leadership in a technology essential to AI infrastructure.
The award will accelerate GF’s development of next-generation silicon photonics wafer technologies, novel optical materials and advanced packaging, including proven 3D hybrid bonding, that enable the roll-out of near-packaged optics (NPO) and co-packaged optics (CPO). This work builds directly on GF’s recently introduced SCALE™ (Silicon Photonics Co-Packaged Advanced Light Engine) platform, targeting industry-leading modularity, 400Gb/s performance and a 5x increase in energy efficiency over current-generation implementations.
In a separate agreement, the U.S. Department of Commerce will receive equity from GF, representing approximately 1 percent ownership as of today's date, enabling the American public to share in GF's growth.
“With today’s compute supply chain investments, the Trump Administration is accelerating America’s innovation engine,” said Secretary of Commerce Howard Lutnick. “These strategic investments will enhance our country’s domestic capabilities, create high-paying jobs and keep America at the forefront of the semiconductor industry.”
“The CHIPS R&D incentives will support a breakthrough in compute and communication networks moving past traditional copper bottlenecking to power next-generation AI,” said Bill Frauenhofer, the Executive Director for Semiconductor Innovation and Investment at the Department of Commerce. “Accelerating R&D for domestic photonics capabilities and advanced packaging provides American industry the extreme bandwidth and energy efficiency to scale complex AI workloads securely and rapidly.”
Silicon photonics enables ultra-high bandwidth, energy-efficient data movement by transmitting information with light rather than electrical signals — delivering greater performance, higher interconnect density and lower power consumption as AI and data center workloads scale. GF’s silicon photonics platform is enabling today’s pluggable optical interconnects and is uniquely positioned to enable the industry’s transition to near-packaged optics (NPO) and co-packaged optics (CPO). Together with GF’s recently introduced SCALE™, customers gain a clear, scalable, U.S.-based path to meeting the demands of next-generation architectures. The work will leverage GF’s existing capabilities in Malta, N.Y., and Burlington, Vt., to help accelerate a U.S.-based path to high-volume silicon photonics manufacturing.
“Silicon photonics is essential to AI infrastructure. For a decade, the industry talked about the shift from copper to optical as something that was coming — today it is here, moving data at higher bandwidth and improved power efficiency as workloads grow more complex,” said Tim Breen, CEO of GlobalFoundries. “GlobalFoundries has spent more than a decade building the technology, footprint and ecosystem to lead this transition, and we have the proven manufacturing foundation to scale it — in the United States — accelerating technology leadership for generations to come. We are proud to deepen our partnership with the U.S. Government, and the CHIPS R&D Office in particular, to accelerate our programs.”
“As we accelerate development of next-generation optical materials and co-packaged optics, GF is building on our already qualified portfolio of photonic devices, proven 3D hybrid bonding and advanced packaging expertise, combined with our manufacturing scale to bring near-packaged and co-packaged optics to high volume — putting our customers on a direct, U.S.-based path to scaling optical connectivity for tomorrow’s AI systems,” said Gregg Bartlett, chief technology officer of GlobalFoundries.
GF is working with leading customers to ensure emerging NPO and CPO architectures and next-generation optical engines are supported by U.S.-based silicon photonics R&D. These efforts reflect a shared focus on scaling the technologies that will drive the next wave of AI and data center performance.
AMD
“As AI systems scale, moving data efficiently is as critical as increasing compute performance. Silicon photonics and advanced packaging will be key to delivering the bandwidth, energy efficiency, and system-level connectivity required for the next generation of AI cluster infrastructure. We welcome GlobalFoundries’ continued investment in U.S.-based innovation and manufacturing, and the broader public-private collaboration needed to advance these foundational technologies,” said AMD CTO and EVP Mark Papermaster.
Broadcom
"As AI workloads continue to grow in size and complexity, scaling the infrastructure that connects increasingly powerful compute clusters is becoming one of the industry's defining challenges. Advances in optical interconnects, silicon photonics and advanced packaging will be critical to enabling the next generation of AI architectures. GlobalFoundries' announcement today helps strengthen the innovation ecosystem needed to accelerate development of these foundational technologies," said Near Margalit, VP and GM of Optical Systems Division, Broadcom.
Cisco
"As AI infrastructure scales, moving data efficiently is becoming as important as compute itself. Advances in silicon photonics and optical interconnects will be critical to enabling the bandwidth, performance and energy efficiency future AI systems require. GlobalFoundries' investment in next-generation silicon photonics technologies helps strengthen the foundation for future AI networking and optical infrastructure," said Jeetu Patel, President and Chief Product Officer of Cisco.
Corning
"The rapid growth of AI is driving unprecedented bandwidth demands, making optical connectivity essential to next-generation data centers. Meeting these demands will require innovation across the ecosystem from advanced materials and optical components to silicon photonics and packaging. Investments such as GlobalFoundries' announcement today help strengthen the U.S. innovation and manufacturing base needed to scale future AI infrastructure," said Wendell P. Weeks, Chairman, Chief Executive Officer, and President of Corning Incorporated.
Lumentum
"AI is driving unprecedented demand for optical connectivity that can move more data while consuming less power. Meeting that challenge will require continued innovation across the silicon photonics ecosystem and a strong, resilient U.S.-based supply chain capable of scaling advanced optical technologies. GlobalFoundries' investments in silicon photonics and advanced packaging, combined with support from the U.S. government, are helping accelerate an open path to next-generation optical interconnect that will be essential for the future of AI and high-performance computing,” said Michael Hurlston, CEO of Lumentum.
Marvell
“The bottleneck in AI infrastructure is shifting from compute to connectivity — the ability to move data between and within systems without letting bandwidth or power constraints limit performance. As a leader in silicon photonics and optical connectivity, Marvell welcomes continued investment in U.S.-based R&D to accelerate the transition to near-packaged and co-packaged optics, key to scaling the next generation of AI infrastructure,” said Chris Koopmans, President and Chief Operating Officer, Marvell.
Meta
"Silicon photonics technologies will play a critical role in future generations of Meta's AI infrastructure. We believe that a multi-supplier, geographically diverse ecosystem produces the best technical innovations and the most scalable high-volume supply chains, and investing in U.S. manufacturing capacity is a crucial component in achieving this goal", said Yee Jiun Song, VP of Engineering, Meta.
Microsoft
"The next generation of AI infrastructure will require significant advances in networking, optical interconnects and data movement. Silicon photonics is an important enabling technology for meeting those demands. Microsoft welcomes industrywide investments that accelerate innovation and strengthen the ecosystem developing the technologies that will power the future of AI," said Rani Borkar, President of Azure Hardware Systems and Infrastructure, Microsoft.
NVIDIA
“Rebuilding our supply chains is critical to the new industrial revolution. Scaling US manufacturing requires advances across chips, networking, optics, software, and manufacturing. Silicon photonics is essential to that future, and GlobalFoundries brings the manufacturing expertise to help make it real in the United States," said NVIDIA founder and CEO Jensen Huang.
Qualcomm
"As AI expands across cloud, enterprise and edge environments, enabling greater performance and efficiency will require innovation throughout the technology stack. Silicon photonics has the potential to play an important role in supporting next-generation AI platforms by helping address growing bandwidth and connectivity demands. We welcome efforts that advance innovation in this important technology area," said Kevin O'Buckley, Qualcomm Executive Vice President, Global Operations and Supply Chain.
About GF
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors, enabling AI at scale from the cloud to the physical world. Through deep partnerships with customers, GF delivers differentiated, power-efficient and high-performance solutions for automotive, aerospace and defense, data center, smart mobile devices, internet of things and other high-growth markets. With global manufacturing operations across the U.S., Europe and Asia, GF is a trusted and holistic technology partner for customers around the world. GF’s talented, global team remains focused every day on security, longevity and sustainability. For more information, visit www.gf.com.
Forward-looking information
This press release includes “forward-looking statements” that reflect our current expectations and views of future events. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding our financial outlook, future guidance, product development, business strategy and plans, and market trends, opportunities and positioning. These statements are based on current expectations, assumptions, estimates, forecasts, projections and limited information available at the time they are made. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” "outlook," "on track" and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a broad variety of risks and uncertainties, both known and unknown. Any inaccuracy in our assumptions and estimates could affect the realization of the expectations or forecasts in these forward-looking statements. For example, our business could be impacted by geopolitical conditions such as the ongoing political and trade tensions with China and the continuation of conflicts in the Middle East and Ukraine; ongoing political developments in the United States, and in particular, any political and policy-related changes that may impact our industry and the market generally, such as the imposition of trade controls, tariffs and counter-tariffs between the United States and its trade partners and new legislation; the market for our products may develop or recover more slowly than expected or than it has in the past; we may fail to achieve the full benefits of our strategic optimization efforts; our operating results may fluctuate more than expected; there may be significant fluctuations in our results of operations and cash flows related to our revenue recognition or otherwise; a network or data security incident that allows unauthorized access to our network or data or our customers’ data could result in a system disruption, loss of data or damage our reputation; we could experience interruptions or performance problems associated with our technology, including a service outage; global economic conditions could deteriorate, including due to rising inflation and any potential recession; the expected benefits of our announced partnerships may fail to materialize; and we may fail to achieve the anticipated results or benefits from funding received (including awards under the U.S. CHIPS and Science Act and New York State Green CHIPS) and our expected results and planned or further expansions and operations may not proceed as planned if funding we expect to receive is delayed or withheld for any reason. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Moreover, we operate in a competitive and rapidly changing market, and new risks may emerge from time to time. You should not rely upon forward-looking statements as predictions of future events. These statements are based on our historical performance and on our current plans, estimates and projections in light of information currently available to us, and therefore you should not place undue reliance on them.
Although we believe that the expectations reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Moreover, neither we, nor any other person, assumes responsibility for the accuracy and completeness of these statements. Recipients are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-looking statements as a result of new information, subsequent events or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events. For a discussion of potential risks and uncertainties, please refer to the risk factors and cautionary statements in our 2025 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission (SEC). Copies of our SEC filings are available on our Investor Relations website, investors.gf.com, or from the SEC website, www.sec.gov.
GlobalFoundries rozšiřuje kapacity pro silicon photonics a SiGe, protože poptávka z AI a datových center převyšuje nabídku až do roku 2027. UMC zároveň hlásí silnější poptávku a růst spolupráce na 12nm procesu s Intelem.
Key Takeaways GlobalFoundries is expanding silicon photonics and SiGe capacity amid strong AI and data center demand.UMC is seeing stronger specialty technology demand while advancing 12-nanometer work with Intel.Both companies expect higher 2026 sales and earnings as foundry demand continues to improve. The global semiconductor foundry industry continues to benefit from rising demand for chips used in artificial intelligence, automotive electronics, industrial automation and connected devices. As chipmakers increasingly outsource manufacturing, foundries with advanced technologies, diverse customer bases and expanding production capacity are well positioned to capture long-term growth.
Against this backdrop, GLOBALFOUNDRIES Inc. (GFS - Free Report) and United Microelectronics Corporation (UMC - Free Report) stand out as two prominent players. While GlobalFoundries focuses on specialized process technologies and strategic manufacturing partnerships, UMC leverages its mature-node expertise and cost-efficient operations to serve a broad range of customers. Which semiconductor foundry stock offers the better investment opportunity today? Let's compare the two.
The Case for GFSGlobalFoundries is strengthening its long-term growth profile by capitalizing on rising demand from artificial intelligence and data center applications. The company reported robust double-digit growth in its Communications Infrastructure & Data Center and Automotive businesses during the first quarter, while highlighting strong momentum in silicon photonics and silicon-germanium (SiGe) technologies. Management noted that demand for its SiGe solutions has exceeded available capacity well into 2027, prompting capacity expansion. The company also expects its silicon photonics revenues to roughly double in 2026 and target a run rate exceeding $1 billion by the end of 2028, supported by increasing customer wins and new optical networking products.
Another positive is GlobalFoundries' improving profitability and expanding customer relationships. The company posted a record first-quarter gross margin of about 29%, up more than five percentage points year over year, reflecting a richer product mix, cost improvements and contributions from higher-margin technology services. Design wins climbed 50% from the prior-year period, while strategic partnerships with companies such as Renesas and Apple reinforce its position in automotive, industrial and U.S.-based semiconductor manufacturing. Management also emphasized that its diversified manufacturing footprint across the United States, Germany and Singapore is attracting customers seeking resilient supply chains amid ongoing geopolitical uncertainty.
Despite these strengths, GlobalFoundries continues to face headwinds in its Smart Mobile Devices business, which remains the largest revenue contributor. Management expects the segment to decline at a high-single-digit rate in 2026 as the broader smartphone market weakens, although it believes the business will outperform overall industry trends. The company also warned that geopolitical disruptions could raise supply-chain costs, with additional spending on critical materials expected to weigh on margins through the remainder of the year. These challenges suggest that sustained growth in AI, automotive and communications markets will be essential to offset weakness in mobile demand.
The Case for UMCUnited Microelectronics is benefiting from improving demand across its mature-node foundry business, supported by rising utilization and strong momentum in specialty technologies. During the first quarter, wafer shipments increased sequentially, lifting utilization to 79%, while 22-nanometer revenues reached another record and accounted for 14% of total sales. Management expects more than 50 customers to complete tape-outs on its 22-nanometer platform by the end of 2026, spanning applications such as display driver ICs, networking chips and microcontrollers. Looking ahead, UMC guided for high-single-digit shipment growth and low-single-digit ASP improvement in the second quarter, reflecting healthy demand across communications, consumer, industrial and AI-related markets.
UMC is also investing to expand its long-term growth opportunities beyond traditional mature-node manufacturing. The company continues to advance its 12-nanometer collaboration with Intel, which is expected to provide customers with U.S.-based manufacturing and pave the way for commercial production in 2027. At the same time, management highlighted growing traction in emerging businesses such as silicon photonics and advanced packaging, with more than 10 customer engagements and over 35 expected tape-outs in 2026. These initiatives, combined with disciplined pricing actions planned for the second half of the year and a strategy focused on higher-value specialty technologies, should strengthen UMC's competitive position over time.
On the downside, UMC's profitability continues to face cost pressures despite improving demand. Management cautioned that higher depreciation from the Singapore fab expansion, along with rising raw material, energy and logistics costs, is expected to offset much of the benefit from stronger utilization in 2026. While the company plans to implement wafer price increases in the second half, executives acknowledged that margin expansion is likely to remain constrained until depreciation expenses begin to ease, making sustained earnings growth dependent on continued demand recovery and successful execution of its higher-value technology roadmap.
How Does the Zacks Consensus Estimate Compare for GFS & UMC?The Zacks Consensus Estimate for GFS’ 2026 sales and earnings per share implies a 7.3% and 9.9%, respectively, year-over-year increase. Moreover, in the past 60 days, earnings estimates have witnessed upward revisions.
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The Zacks Consensus Estimate for UMC’s 2026 sales and EPS implies year-over-year growth of 10.9% and 32.1%, respectively. Earnings estimates for 2026 have increased in the past 60 days.
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Price Performance & ValuationGFS stock has gained 140.2% in the past six months compared with its sector’s growth of 49.5%. Conversely, UMC’s shares have surged 247.9% in the same time frame.
Price Performance
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GFS is trading at a forward 12-month price-to-earnings ratio of 48.92X, above its median of 32.37X over the last year. UMC’s forward earnings multiple sits at 36.23X, above its median of 18.79X over the same time frame.
P/E (F12M)
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Which Stock to Buy Now?Both companies are well positioned to benefit from long-term semiconductor demand, but UMC appears to have the stronger investment case at this stage. The company is seeing broad-based improvement across core businesses, healthy momentum in the specialty technology portfolio and encouraging progress in emerging areas such as silicon photonics, advanced packaging and its collaboration with Intel.
In addition, analysts have become increasingly optimistic about UMC's earnings outlook, while it is expected to deliver faster growth than GlobalFoundries. Although both stocks trade at premium valuations after strong rallies, UMC's stronger earnings trajectory, improving demand environment and expanding technology roadmap give it an edge. This makes it the more compelling semiconductor foundry stock to buy now.
UMC currently has a Zacks Rank #2 (Buy), whereas GFS carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GlobalFoundries v 1. čtvrtletí zvýšila hrubou marži na 29 % z 23,9 % a výnosy vzrostly o 3 % na 1,63 miliardy USD. Růst táhl segment Communications Infrastructure a Data Center, kde výnosy stouply o 32 %.
Key Takeaways GlobalFoundries' Q1 gross margin rose 510 bps to 29%, as revenues increased 3% to YoY $1.63B.GFS saw Communications Infrastructure and Data Center revenues jump 32%, helped by a richer AI mix.GlobalFoundries expects silicon photonics revenues to roughly double in 2026 as SiGe demand stays strong. GlobalFoundries Inc. (GFS - Free Report) is starting to show that its AI opportunity is not limited to direct exposure to GPUs or leading-edge logic chips. Instead, the company is benefiting from the broader infrastructure required to support AI, including silicon photonics, silicon germanium, automotive semiconductors, embedded memory and industrial connectivity.
The first quarter of 2026 suggests that strategy is beginning to pay off. While first-quarter revenues increased a modest 3% year over year to $1.63 billion, the more important story was profitability. Gross margin (Non-IFRS) expanded to 29%, up from 23.9% a year earlier, a remarkable 510-basis-point improvement and the largest year-over-year expansion in more than three years. Management now expects another quarter of roughly 28.5% gross margin despite ongoing investments in capacity and technology. The improvement was driven by a richer revenue mix, with Communications Infrastructure and Data Center revenues climbing 32% to $230 million. Management expects silicon photonics revenues to roughly double in 2026 and forecasts high-30% growth for the broader segment.
The margin implications could be meaningful. Management described silicon germanium, another key optical networking, as margin accretive and said demand is strong enough that capacity at its Vermont fab is oversubscribed well into 2027. GlobalFoundries is expanding capacity in silicon photonics, FDX and high-performance SiGe to meet customer demand, but these investments are being targeted toward higher-value technology corridors rather than broad commodity capacity.
GlobalFoundries is also extending its AI exposure into physical AI, including robotics and industrial automation. The company expects Home and Industrial IoT to become a key beneficiary of physical AI beyond 2026, even though that segment declined in the first quarter due to shipment timing and inventory normalization. Its partnership with Inova Semiconductors for a robotics control reference platform supports this longer-term strategy.
At 29% non-IFRS gross margin, GlobalFoundries is close to a key profitability milestone. If silicon photonics continues to scale, automotive remains resilient and Technology Services grows as expected, 30% may not be the ceiling. It may be the beginning of a more profitable phase for the company.
Can GFS Outpace Silicon Photonics Rivals Like TSM & UMC?GlobalFoundries is not alone in targeting the fast-growing silicon photonics market. Among its closest competitors is Taiwan Semiconductor Manufacturing Company Limited (TSM - Free Report) , which is advancing co-packaged optics through its COUPE platform. Leveraging its leadership in advanced process technologies and packaging, TSM is well-positioned to serve hyperscalers and AI chip designers seeking higher-bandwidth interconnect solutions. However, GlobalFoundries differentiates itself with a specialized optical networking portfolio that combines silicon photonics, silicon germanium, packaging, testing and manufacturing services.
United Microelectronics Corporation (UMC - Free Report) is also expanding its presence in silicon photonics. The company recently announced a strategic partnership to develop thin-film lithium niobate photonics for AI infrastructure and plans to launch its first silicon photonics process design kit in 2027. UMC is also evaluating hybrid bonding, TSV and chiplet integration to support future co-packaged optics applications, underscoring the industry's growing focus on AI networking technologies.
GFS’ Stock Price Performance & Valuation TrendShares of GlobalFoundries have surged 133.7% in the past six months, outperforming the Zacks Electronics - Semiconductors industry’s 48.4% growth.
GFS 6-Month Price Performance
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GFS stock is currently trading at a premium to its industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 47.61, as shown in the chart below.
P/E (F12M)
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Earnings Estimate Revision of GFSGFS’ earnings estimates for 2026 and 2027 have trended upward in the past 60 days to $1.89 and $2.62 per share, respectively. The revised estimates for 2026 and 2027 imply year-over-year growth of 9.9% and 38.6%, respectively.
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GFS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
