Key Takeaways GlobalFoundries will build one new plant, with a second possible, under a U.S.-Japan investment initiative.Each facility could add 900,000 wafers in annual capacity, with operations at the 1st plant expected in 2029.GFS will invest $955 million in silicon photonics, silicon-germanium and advanced packaging.
GLOBALFOUNDRIES Inc. (GFS - Free Report) has been selected to operate two new semiconductor manufacturing facilities at its Malta, New York, campus under a U.S.-Japan investment initiative worth up to $21 billion. The expansion will increase the company’s U.S. production capacity and support demand for chips used in automotive, industrial, communications and data center applications.
Under the project, GlobalFoundries will use Japan’s initial investment of around $10 billion to build a new semiconductor manufacturing plant, which is expected to begin operations in 2029. An additional investment of approximately $10 billion could fund a second facility. Each plant is expected to add around 900,000 300mm wafers of annual production capacity. The project is expected to create approximately 27,000 construction and related jobs, along with more than 1,000 skilled manufacturing positions.
Separately, the company will reallocate $955 million from its existing U.S. government award to invest in silicon photonics, silicon-germanium and advanced packaging at its New York and Vermont facilities. These technologies are expected to support growing demand for artificial intelligence (AI), cloud data centers and high-speed communications.
The investment could strengthen GlobalFoundries’ position in the U.S. semiconductor market, support key customers such as Renesas, Apple, Cirrus Logic and General Motors, and enhance its role in the global semiconductor supply chain.
GlobalFoundries’ PeersUnited Microelectronics Corporation (UMC - Free Report) provides semiconductor foundry services for chips used in communications, automotive, consumer electronics and industrial applications. The company specializes in mature and specialty process technologies, including solutions for display drivers, power management and connectivity. UMC focuses on manufacturing reliability, process efficiency and long-term customer relationships to support demand for chips across a wide range of electronic devices.
Taiwan Semiconductor Manufacturing Company Limited (TSM - Free Report) manufactures advanced semiconductors for leading global technology companies, supporting applications such as AI, high-performance computing and mobile devices. Its advanced process technologies help produce powerful, energy-efficient chips for smartphones, AI accelerators and high-performance computing systems. TSMC provides advanced packaging technologies that help improve chip performance and meet the growing computing demands of next-generation applications.
Marvell Technology, Inc. (MRVL - Free Report) develops semiconductor solutions for data infrastructure, including AI systems, cloud computing and data centers. Its portfolio includes networking chips, optical connectivity solutions and custom silicon designed to support high-speed data transfer and efficient computing. As AI workloads increase the need for faster connectivity and greater data processing capacity, Marvell is focusing on technologies that help cloud providers and enterprise customers build scalable, high-performance infrastructure.
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Building modern semiconductor fabrication facilities usually demands eye-watering capital expenditures that can strain free cash flow and saddle corporate balance sheets with heavy debt. For foundry operators trying to meet global chip demand, this capital intensity often compresses margins during cyclical downturns. GlobalFoundries Inc. NASDAQ: GFS may have just found a viable workaround to that chronic industry dilemma.
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Under a landmark bilateral agreement between the United States and Japan, GlobalFoundries was selected to construct and operate two advanced semiconductor facilities in New York, unlocking up to $21 billion in external funding.
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Japan will provide up to $21 billion in dedicated infrastructure capital, while GlobalFoundries serves as the operational anchor and technology provider.
The multi-phase expansion targets up to 1.8 million 300mm wafers in annual manufacturing capacity across two facilities. Existing relationships with major industrial customers could help support demand for the new facilities once production begins.
Sovereign Capital Rewrites the PlaybookConstructing leading-edge cleanrooms from the ground up routinely challenges return on invested capital. Traditional foundry expansion forces operators to take on significant leverage or dilute equity to fund years of building before generating a single dollar of wafer revenue. GlobalFoundries is sidestepping that risk by structuring this expansion around sovereign-backed capital.
Under the framework enabled by the U.S.-Japan trade agreement, Japan will fund an initial investment of approximately $10 billion to accelerate construction on the first 300mm facility. A second conditional phase of about $10 billion will fund an identical sister plant. Combined, the two fabs will add substantial domestic volume, yielding an estimated 900,000 wafers each year per facility once fully operational.
Because GlobalFoundries acts as the technology operator rather than the primary financier, GlobalFoundries preserves its exceptionally clean balance sheet. GlobalFoundries currently operates with a debt-to-equity ratio of about 0.13 and a healthy current ratio near 2.48. This structure shields operating cash flow from severe debt-service drag as construction advances toward an expected 2029 operational launch.
Building Customer Demand Before the First WaferAdding manufacturing scale only creates shareholder value if long-term utilization rates remain high. Empty fabs burn cash quickly, which is why commercial alignment remains central to GlobalFoundries' fundamental thesis. Major enterprise customers are already integrating this planned domestic capacity directly into their future product cycles.
Apple Inc. NASDAQ: AAPL has reaffirmed its partnership with GlobalFoundries to manufacture chips in the United States and expressed support for the expansion.
Automakers are pursuing similar strategies, with General Motors Company NYSE: GM establishing direct-to-foundry supply agreements with GlobalFoundries to lock in automotive-grade processing for next-generation vehicle architectures and driver-assist platforms. Specialized audio and mixed-signal designer Cirrus Logic, Inc. NASDAQ: CRUS and Japanese automotive chipmaker Renesas Electronics have likewise formalized long-term capacity plans around the New York campus.
This allied sovereign initiative complements recent operational milestones that strengthen GlobalFoundries' competitive moat. The U.S. Department of Commerce amended its existing CHIPS and Science Act award to reallocate approximately $955 million toward silicon photonics, silicon-germanium, and advanced packaging across GlobalFoundries campuses in New York and Vermont.
GlobalFoundries also recently secured an approximately $2 billion agreement with Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM to establish a U.S.-based supply of silicon interposers for TSMC's advanced chip packaging ecosystem, with volume production expected to ramp up in the first half of 2028, an essential component for artificial intelligence (AI) chip packaging.
Finally, GlobalFoundries unveiled its FDX Fusion platform, designed to deliver 7nm-class digital performance, catering to low-power physical AI and industrial automation applications.
By tying sovereign funding to existing customer relationships and anticipated future demand, GlobalFoundries is evolving from a trailing-node contract manufacturer into an indispensable foundation of Western supply chain security.
Weighing the Wait for Wafer RevenuePrudent investors should weigh the multi-year timeline required for this strategic thesis to bear fruit. Groundbreaking for the first facility is scheduled for late 2026, but meaningful revenue contributions are not anticipated until 2029. Multi-year industrial projects naturally carry risks of supply chain friction, specialized equipment lead-time delays, and macroeconomic shifts.
Near-term operational bottlenecks warrant close monitoring. GlobalFoundries reported companywide capacity utilization in the high-80% range in Q2 2026, demonstrating strong demand while leaving some room for additional production. That high utilization demonstrates steady customer demand, but it also leaves less room to accelerate production without additional capacity investments.
Equity structure adjustments will introduce some modest market friction. As part of the federal agreements, the U.S. Department of Commerce will receive an approximately 4% equity stake in GlobalFoundries. While this aligns government interests directly with corporate performance, it also introduces minor shareholder dilution and coincides with earlier public announcements of secondary government share sales.
These near-term variables explain why the wider market remains measured. GlobalFoundries trades at nearly 38x trailing earnings and 33x forward earnings, with an analyst consensus rating of Hold across 20 Wall Street brokerages. Sell-side targets reveal substantial latent optimism. The average 12-month price target is around $75, pointing to potential upside of roughly 56% from current trading levels.
GlobalFoundries Inc. (GFS) Price Chart for Friday, October, 16, 2026
What Investors Should Watch Before NovemberGlobalFoundries' immediate operational checkpoint arrives on Nov. 4, when management hosts its third-quarter financial results call. That forum should provide analysts with crucial initial insights into how capital from the Japanese partnership will flow through corporate financial statements.
In the meantime, GlobalFoundries remains disciplined in capital allocation. GlobalFoundries maintains a regular dividend yield of around 1% with a conservative payout ratio of 37.5%, underscoring that aggressive domestic expansion is not draining baseline cash distributions to equity holders.
Investors with an intermediate to long-term horizon might consider tracking execution updates on the New York groundbreaking through the remainder of the year. Patient investors seeking exposure to the secular reshoring of the semiconductor supply chain may want to use short-term valuation consolidations to build a position in GlobalFoundries as it transitions into a cornerstone asset of Western industrial policy.
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GlobalFoundries bude v New Yorku provozovat dvě nové továrny na čipy v rámci americko-japonské iniciativy s financováním až 21 mld. USD; první z nich má zahájit provoz v roce 2029.
President Trump's agreement with Japan unlocks up to $21 billion investment to expand foundational semiconductor production, support American jobs and strengthen domestic supply chains
| Source:
GlobalFoundries Inc.
MALTA, N.Y., Oct. 14, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced it has been selected as the technology provider and operator for two new semiconductor manufacturing facilities (“fabs”) at its Malta, New York, site under a U.S.-Japan initiative providing up to $21 billion in funding. Enabled by President Donald J. Trump's trade and investment agreement with Japan, the initiative will accelerate trusted semiconductor manufacturing in the United States, strengthen critical supply chains and support growing demand across automotive, industrial and connected infrastructure markets.
Japan will provide the investment, while GF will contribute its differentiated technologies, manufacturing expertise and proven operational capabilities as technology provider and operator.
An initial investment of approximately $10 billion will accelerate construction of a new 300mm semiconductor fab, which is expected to come online in 2029. An additional investment of approximately $10 billion would fund a second fab. Together, the two fabs will add significant new U.S. manufacturing capacity and reinforce GF's ability to support customers worldwide.
“This is a bold new initiative for semiconductor manufacturing, bringing together the United States and Japan with GF’s differentiated technology and decades of manufacturing expertise to accelerate trusted capacity in New York,” said Tim Breen, CEO of GlobalFoundries. “GF was selected because fabs of this scale require more than capital. They require differentiated technology, operational excellence and a proven ability to execute. That combination is what positions GF to make this first-of-its-kind initiative a success.”
The first fab is expected to add approximately 900,000 300mm wafers of annual U.S. manufacturing capacity when fully operational. A second fab would add approximately the same amount. The project is expected to create about 27,000 construction and ecosystem jobs and more than 1,000 high-skilled manufacturing jobs in New York's Capital Region.
“President Trump’s historic U.S.-Japan Trade Deal is delivering another massive manufacturing investment into America,” said Secretary of Commerce Howard Lutnick. “With Japan’s investment funding and GlobalFoundries’ partnership, two large semiconductor chip manufacturing facilities will be built in the U.S., creating thousands of high-paying jobs for American workers. This is how the President’s trade agreements result in transformational American industrial assets that strengthen our national and economic security.”
GF has also agreed with the U.S. Department of Commerce to amend its existing CHIPS and Science Act award to reallocate $955 million and accelerate the company’s investments in silicon photonics, silicon-germanium (SiGe) and advanced packaging at its facilities in Malta, New York, and Burlington, Vermont. These investments will expand domestic manufacturing capacity for technologies increasingly critical to communications infrastructure and data centers.
In a separate agreement, the U.S. Department of Commerce will receive equity in GF of approximately four percent, further enabling the American public to share in GF’s growth.
Breaking ground in New York
GF expects to break ground on the first fab at its Malta site later this year. The site is permitted and shovel-ready, using existing Malta infrastructure to speed construction. Details of a groundbreaking event will be announced separately.
Expanding American manufacturing
New York State continues to support the Capital Region’s semiconductor ecosystem through its Green CHIPS program.
"GlobalFoundries’ expansion in Malta is a tremendous vote of confidence in New York's world-class workforce, innovation ecosystem and the Capital Region's growing role as a global hub for semiconductor manufacturing and innovation," said New York Governor Kathy Hochul. "We also look forward to working with the Government of Japan and partnering with their world-leading semiconductor supply chain ecosystem in the years to come. This investment will create thousands of construction jobs, support more than 1,000 highly skilled manufacturing jobs and reinforce New York's position as a global hub for the semiconductor industry."
“Since 2009, the people of this site have built one of the nation’s most advanced semiconductor manufacturing operations,” said Grant McEwan, general manager of Fab 8 at GlobalFoundries. “These two great countries entrusting GF to operate two new fabs is a powerful vote of confidence in our workforce, our technology and New York’s Capital Region. With the potential to create thousands of new jobs, we are working with education and workforce partners to build the next generation of semiconductor talent. This is a milestone for our employees, our region and the future of advanced manufacturing in New York.”
Built for customers and partners
The new capacity builds on long-standing customer relationships across the United States and Japan.
"We are planning around GF's new capacity in New York as an extension of Renesas’ own production footprint, trusted U.S.-based manufacturing backed by a strong U.S.-Japan partnership," said Hidetoshi Shibata, CEO of Renesas. "This expanded collaboration further strengthens the stable, long-term supply of semiconductors with the differentiated technologies, quality and reliability our products require. These capabilities are essential as we deliver advanced solutions, with demand for electrification, connectivity, AI and data center applications accelerating worldwide."
“Resilient semiconductor manufacturing depends on a trusted ecosystem of equipment and technology partners," said Tony Kawai, president & CEO of Tokyo Electron. “Tokyo Electron has supported GlobalFoundries’ manufacturing operations across its global sites for many years, and we are pleased to contribute to expanding advanced semiconductor production capacity in the United States. We also recognize the importance of developing talent and fostering strong local communities to sustain long-term industry growth. This reflects the strong and deeply integrated U.S.-Japan collaboration that underpins the global semiconductor industry.”
“We’ve partnered with GlobalFoundries to produce essential chips for Apple products right here in the United States, as part of our $600 billion commitment to American investment,” said Sabih Khan, Apple’s COO. “As an inaugural member of Apple’s American Manufacturing Program, GlobalFoundries shares our belief in the power of American innovation and ingenuity. This new investment will help accelerate the advanced semiconductor manufacturing ecosystem in the United States.”
“The new fabs in Malta strengthen the U.S. semiconductor ecosystem and give Cirrus Logic access to important domestic manufacturing capability for next-generation mixed-signal products,” said John Forsyth, Cirrus Logic president and CEO. “Building on our long-standing relationship with GF, this new capacity supports the secure, resilient supply chains our customers rely on and broadens the foundation for future innovation.”
“GM is making strategic investments in autonomy and centralized computing to power the next generation of software-defined vehicles and deliver customer-focused technologies at scale, including widespread deployment of AI across our vehicles and breakthrough capabilities like next-generation Super Cruise. This requires significant processing power and a strong, resilient semiconductor supply chain,” said Mark Reuss, president, GM. “GM and GF established the first direct automaker-to-foundry supply agreement, and expanding domestically owned and operated fab capacity in upstate New York marks a decisive step forward for American manufacturing.”
Investor webinar
GF will host a webcast for investors and analysts on October 14 at 1 p.m. EDT to discuss the announcement. A live webcast and replay will be available at investors.gf.com.
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” 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 accelerated manufacturing capacity, anticipated funding and investment, 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,” “estimate,” “may,” “will,” “could,” “intend,” "outlook," 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 expectations or forecasts. For example, our business could be impacted by geopolitical conditions including trade tensions, tariffs, and political or policy developments; the market for our products may not develop as expected; our operating results and cash flows may fluctuate more than expected; a network or data security incident may result in system disruptions, loss of data or damage our reputation; global economic conditions could deteriorate; the expected benefits of our announced partnerships may fail to materialize; and we may fail to achieve the anticipated results or benefits from government grants and our expected results and planned or further expansions and operations may not proceed as planned if expected funding 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. Moreover, new risks may emerge from time to time.
Although we believe that the expectations reflected in our statements are reasonable, we cannot guarantee that the anticipated results or achievements will 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 or guarantees of future events. Except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statements after the date hereof, or to conform these statements to actual results. 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 which are available at investors.gf.com, or from the SEC website, www.sec.gov.
GlobalFoundries plánuje v Drážďanech v roce 2028 zahájit výrobu platformy FDX Fusion pro fyzickou AI, která nabídne digitální výkon třídy 7 nm a více než dvojnásobnou hustotu oproti první generaci FDX.
New FDX Fusion platform extends GF’s FD-SOI leadership as the first process technology in Europe to deliver single-digit nanometer digital performance optimized for the physical world | Source: GlobalFoundries Inc.
DRESDEN, Germany, Oct. 09, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today unveiled plans for its new FDX Fusion™ FD-SOI platform, purpose-built for the evolving requirements of Physical AI. Designed to be the world’s most advanced FD-SOI technology, FDX Fusion will bring leading features and performance for the unique requirements of STAC (Sense, Think, Act, Communicate) workloads. The company plans to commence manufacturing FDX Fusion technology in 2028 at its advanced facility in Dresden, Germany, reinforcing the site’s role as a strategic European hub for differentiated semiconductor technologies.
The first generation of FDX Fusion technology is expected to deliver seven nanometer class digital performance and is being developed from the ground up as the next major extension of GF’s FDX™ FD-SOI roadmap. By combining advanced substrate engineering, front-end transistor innovation and back-end interconnect and integration capabilities with exceptional RF performance up to 0.5 THz ft/fmax, analog and mixed-signal features, low-leakage operation, in-memory computing capabilities, embedded non-volatile memory and dense logic, FDX Fusion is expected to deliver more than 2x density improvement over first-generation FDX technology. This approach aims to provide customers with a comprehensive, intelligent platform for edge and Physical AI applications while reducing system complexity, latency and power consumption.
“Physical AI is creating a new class of semiconductor requirements as intelligence moves beyond the cloud and into systems and devices that can process data in real time and interact seamlessly with the physical environment,” said Ed Kaste, senior vice president of GF’s CMOS business. “The FDX Fusion platform extends GF’s FD-SOI roadmap with innovations across the substrate, transistor and interconnect stack, delivering a platform purpose-built for power-efficient Physical AI applications. Combined with our software-to-silicon capabilities and our expanding, resilient manufacturing footprint in Europe, FDX Fusion will position GF as the technology partner of choice to accelerate the scaling of Physical AI.”
The new platform builds on the company’s longstanding leadership in FD-SOI technology and power-efficient semiconductor design for secure, connected devices, with billions of chips in use today across a broad range of applications including automotive radars and sensors, wireless microcontrollers, display drivers and front-end modules for SATCOM and 5G devices.
FDX Fusion is expected to address a broad range of Physical AI systems and applications across the automotive, consumer and industrial markets, including edge inference, robotics, industrial automation, autonomous systems, sensor-fusion architectures and intelligent connected devices. GF is engaged with several customers on early development and evaluation for FDX Fusion, using real application requirements to inform product design and accelerate the technology’s progress from platform definition to production readiness.
To accelerate time-to-market for FDX Fusion designs, customers can leverage GF’s broad design enablement ecosystem, including its advanced MIPS and ARC portfolio with workload-driven processor IP, RISC-V instruction set architecture (ISA) and application-specific processor design capabilities optimized for Physical AI. These resources will complement the FDX Fusion platform with scalable, standards-based solutions across the full Physical AI signal chain and enable GF to support customers through every step of the design cycle, from compute architecture development to high-volume silicon production.
Initial manufacturing for FDX Fusion technology is planned for GF’s Dresden facility, where ongoing expansion efforts supported under the framework of the European Chips Act are increasing capacity for differentiated semiconductor solutions critical to security and defense, industrial competitiveness, supply chain resilience and European technological sovereignty. Through its expansion and strategic technology roadmap, GF aims to accelerate Europe’s leadership in developing and manufacturing the technologies underpinning AI-enabled industrial systems, secure connectivity and next-generation intelligent systems.
Demonstrator silicon for FDX Fusion technology is targeted for early customer evaluation in early 2027, with an initial process design kit (PDK) release planned for mid-2027. The platform will also include optimized process flow and cost structures for rapid prototyping and faster time-to-market.
BMW
Future automotive applications will require increasingly integrated and energy-efficient semiconductor solutions that combine AI processing, sensing, real-time control and secure connectivity. FDX Fusion has the potential to address these requirements across a range of edge-AI applications. Expanding advanced semiconductor manufacturing capabilities in Europe can also contribute to resilient and diversified supply chains for automotive customers such as the BMW Group.
Bosch
“GF’s FDX roadmap is an important step towards delivering the semiconductor platforms needed to bring sensing, control, connectivity and efficient edge intelligence together for the next generation of robotics and automation,” said Dr. Axel Kaschner, Senior Vice President, Business Unit Integrated Circuits, Mobility Electronics.
CEA Leti
“We are delighted that GlobalFoundries has announced its next-generation ‘single-digit FD-SOI’ node, building on technology that CEA-Leti has been advancing for decades. Through the FAMES pilot line, CEA-Leti continues to shape the future European roadmap for FD-SOI and works every day to promote its adoption in a wide range of applications,” said Sébastien Dauvé, CEO.
Infineon
“Together, Infineon and GlobalFoundries are strengthening their collaboration to define and explore future 7nm class FDX Fusion technologies for next generation radar and wireless communication products,” said Patrick Press, Executive Vice President External Wafer Manufacturing.
NXP
"Physical AI is redefining what machines can do in the real world, creating new requirements for secure, reliable and low-latency processing at the edge. In Physical AI, trust and low power are paramount. NXP is encouraged by GF’s efforts to optimize its roadmap in service of making Trusted Physical AI a reality,” said Lars Reger, Executive Vice President and Chief Technology Officer.
Siemens
“Europe's economy runs on silicon, one wafer at a time. Chips are critical for applications like robotics and connectivity, and for bringing AI into the physical world and industry. Achieving that vision requires close collaboration across the semiconductor, industrial automation, and software ecosystems. GF’s FDX Fusion roadmap strengthens the technology foundation for Physical AI by advancing capabilities that will help enable more intelligent, efficient, and resilient industrial systems,” said Cedrik Neike, Member of the Managing Board of Siemens AG and President Digital Industries.
Tesla
“The development and manufacturing of high-performance compute devices for edge processing is key to unlocking the next generation of advanced robotics and autonomous systems. GF’s technology roadmap reflects the type of semiconductor investment needed to bring physical AI to the masses,” said Karn Budhiraj, Vice President 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 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.
GlobalFoundries uzavřela s TSMC pětiletou dohodu v hodnotě 2 mld. USD na výrobu křemíkových interposerů v USA pro pokročilé pouzdření pro AI. Sériová výroba má začít v první polovině roku 2028.
Multi-year $2 billion agreement will expand capacity for advanced packaging ecosystem and support growing demand for AI and high-performance computing technologies | Source: GlobalFoundries Inc.
MALTA, N.Y., Oct. 08, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced a manufacturing agreement with TSMC to establish a U.S.-based supply of silicon interposers for TSMC's CoWoS® advanced packaging ecosystem. Under the agreement, GF will provide manufacturing service to TSMC, and add fabrication capacity at its Malta, New York facility, supporting growing demand for high-performance computing and AI systems. The agreement provides a foundation to expand capacity over time as customer demand grows.
GF expects to expand capacity at its Malta facility and establish the first U.S.-based source of silicon interposers supporting advanced packaging technologies, including embedded deep trench capacitor components. The additional manufacturing capacity will provide greater scale and flexibility for delivering advanced packaging solutions across multiple product generations.
“Advanced packaging is becoming increasingly critical to delivering the performance, power efficiency and scale required for next-generation AI systems,” said Ed Kaste, senior vice president of CMOS Business at GF. “By providing manufacturing service using GF’s trusted U.S. manufacturing footprint, we are creating a secure, scalable source of essential advanced-packaging elements that will help customers accelerate innovation and strengthen the semiconductor supply chain.”
Volume production is expected to begin ramping at GF's Malta site during the first half of 2028. The agreement has an initial term of five years and provides a framework for future capacity expansion.
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.
Akcie společnosti Xanadu Quantum Technologies v úterý ráno vzrostly o 16,8 % poté, co firma oznámila víceleté partnerství s GlobalFoundries na výrobě fotonických kvantových čipů.
Shares of Xanadu Quantum Technologies (XNDU +15.93%) soared on Tuesday morning, slowing a deep downtrend over the last month. As of 11:25 a.m. ET, the Canadian quantum computing company was up by 16.8%.
The company announced a multi-year partnership with GlobalFoundries (GFS +0.44%), co-developing a large-scale manufacturing process for Xanadu's photonic quantum computing chips.
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From lab prototypes to 300 mm productionPhotonic quantum computers run on light, and reading their answers means counting photons one at a time. Xanadu does that with superconducting nanowire single-photon detectors (SNSPDs). It then routes the photons through ultra-low-loss silicon nitride circuits that work like optical circuit boards. Both technologies are now headed for GlobalFoundries' 300 mm production line in Malta, New York.
Xanadu described the move as a shift from lab-scale prototyping to industrial-grade production. The output is meant to supply the company's upcoming fault-tolerant demonstrator systems, and the two companies are exploring additional projects. Neither side disclosed financial terms.
The relationship isn't new. Xanadu first announced a collaboration with GlobalFoundries in March 2022, designing error-correction components for the foundry's GF Fotonix platform. This is just a tighter collaboration.
Image source: Getty Images.
One good day doesn't erase a 50% dropToday's deal fits a recent pattern. Xanadu announced a lithography collaboration with ASML (ASML -1.86%) on Sept. 9, and both partnerships target optical loss. That's the main source of errors in Xanadu's photonic architecture.
With chip-production giants ASML and GlobalFoundries by its side, Xanadu has a strong cast of supporting characters for its quest to launch large quantum computing systems with effective error correction.
A supporting cast doesn't pay the bills, though. The company booked $1.5 million of revenue last quarter against a $42.1 million net loss, and it isn't targeting serious commercial sales until 2029 or 2030. It also sold 5.5 million new shares through its equity facility with Yorkville Advisors during the quarter.
Today's pop needs some context, too. The stock is down 45.7% over the last month, while industry rival IonQ (IONQ +1.12%) gained 10.6%. The GlobalFoundries deal is a credible manufacturing step, but it doesn't change Xanadu's development timeline or the dilution risk.
Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ASML, Globalfoundries, and IonQ. The Motley Fool has a disclosure policy.
GlobalFoundries ve 2. čtvrtletí zvýšila hrubý zisk o 24 % na 505 mil. USD a hrubá marže podle IFRS vzrostla na 28,3 %. Tahounem byly technologie pro komunikace a datová centra, jejichž tržby stouply meziročně o 62 %.
Key Takeaways GlobalFoundries' Q2 2026 gross profit rose 24% to $505M as IFRS gross margin reached 28.3%.GFS' Technology services made up about 11% of Q2 revenue and are expected to support gross margin growth.GFS' Communications infrastructure and data center revenue jumped 62%, its seventh double-digit quarter. GlobalFoundries Inc. (GFS - Free Report) is making steady progress in strengthening its profitability. The company delivered stronger-than-expected second-quarter 2026 results, supported by favorable business mix, manufacturing productivity gains and higher utilization. In the second quarter, gross profit increased 24% to $505 million, while IFRS gross margin expanded to 28.3% from 24.2% in the year-ago quarter. Non-IFRS gross margin was even stronger at 29.9%, representing a 470-basis-point year-over-year increase and a 90-basis-point sequential improvement.
Technology services, which includes IP, licensing, software, reticles and nonrecurring engineering activities, accounted for approximately 11% of second-quarter revenue. Solid traction in the Technology services business is expected to be a strong driver of Gross Margin in upcoming quarters.
The company is also benefiting from stronger demand in communications infrastructure and data centers. Revenues from this end market surged 62% year over year in the second quarter, marking the seventh consecutive quarter of double-digit growth. High-margin technologies such as silicon photonics and silicon germanium are also gaining momentum.
Apart from improving revenue mix, margin expansion is also driven by structural manufacturing-cost improvements and greater utilization of existing manufacturing capacity. Despite the favorable momentum, sustaining the improvements will depend on GF’s ability to balance profitability and investments in future growth. GFS needs to continue moving toward higher-value technologies while improving manufacturing productivity to sustain margin growth in the long run.
How Are Competitors Faring?GlobalFoundries operates in a highly competitive foundry industry. It faces competition from industry giants, such as United Microelectronics (UMC - Free Report) and Taiwan Semiconductor (TSM - Free Report) . UMC's gross margin increased to 32.5% in the second quarter of 2026 from 29.2% in the first quarter and 28.7% a year earlier. UMC’s growth was driven by higher wafer shipments and better capacity utilization.
In the second quarter of 2026, TSM’s gross margin reached 67.7%, up 150 basis points sequentially and 910 basis points from the year-ago quarter. Management attributed the sequential improvement primarily to cost-improvement initiatives and higher capacity utilization.
GFS’ Price Performance, Valuation and EstimatesGFS has increased 44.1% over the past year compared with the industry’s growth of 34.6%.
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Going by the price/earnings ratio, the company's shares currently trade at 19.67 forward earnings, higher than the industry average of 13.53.
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GFS’ earnings estimate for 2026 has improved over the past 60 days.
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GlobalFoundries currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) insider Samak Azar sold 335 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $44.87, for a total value of $15,031.45. Following the transaction, the insider directly owned 9,464 shares in the company, valued at approximately $424,649.68. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Price Performance GFS opened at $47.82 on Monday. The business has a 50 day moving average price of $50.12 and a 200 day moving average price of $59.28. GlobalFoundries Inc. has a twelve month low of $32.02 and a twelve month high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The firm has a market cap of $26.24 billion, a P/E ratio of 37.36, a price-to-earnings-growth ratio of 1.52 and a beta of 1.78.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Research analysts forecast that GlobalFoundries Inc. will post 1.48 EPS for the current year.
GlobalFoundries Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be paid a $0.12 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. GlobalFoundries’s dividend payout ratio (DPR) is presently 37.50%. GlobalFoundries News Summary Here are the key news stories impacting GlobalFoundries this week:
Positive Sentiment: Expanded Marvell capacity agreement strengthens AI exposure. The deal positions GlobalFoundries to benefit from rising demand for optical connectivity as AI workloads increase data-center networking requirements. However, the companies did not disclose specific financial terms, so the near-term earnings impact remains unclear. Reuters article on the GlobalFoundries and Marvell capacity agreement Positive Sentiment: Potential U.S. fab role could create another strategic growth opportunity. Reports indicate GlobalFoundries could operate a U.S. chip plant supported by Japan-U.S. investment. The arrangement could improve its access to government-backed semiconductor spending, although the report remains unconfirmed and details are limited. Yahoo Finance report on a potential Japan-backed U.S. chip plant Positive Sentiment: Options activity suggests increased speculative interest. Investors purchased 12,944 GFS call options, 78% above the average daily volume, indicating some traders are positioning for potential upside. Neutral Sentiment: Insider selling was limited and conducted under a preset plan. Director Samak Azar sold 335 shares worth approximately $15,031, reducing ownership by 3.42%. Because the transaction occurred under a Rule 10b5-1 plan and was small relative to the remaining stake, it is not a strong standalone bearish signal. SEC insider transaction filing Analyst Ratings Changes GFS has been the subject of a number of recent analyst reports. Arete Research set a $95.00 price target on shares of GlobalFoundries in a report on Wednesday, June 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a research note on Wednesday, August 26th. Morgan Stanley reissued a “negative” rating and set a $60.00 price objective on shares of GlobalFoundries in a research report on Thursday, August 6th. TD Cowen decreased their target price on GlobalFoundries from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, UBS Group lowered their target price on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $74.32.
Read Our Latest Stock Analysis on GlobalFoundries
Institutional Trading of GlobalFoundries Hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd raised its position in shares of GlobalFoundries by 844.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 62,593 shares of the company’s stock valued at $2,186,000 after buying an additional 55,967 shares during the last quarter. Sei Investments Co. grew its position in GlobalFoundries by 239.0% during the first quarter. Sei Investments Co. now owns 48,246 shares of the company’s stock worth $2,146,000 after buying an additional 34,014 shares in the last quarter. AXQ Capital LP increased its stake in GlobalFoundries by 438.9% during the fourth quarter. AXQ Capital LP now owns 49,617 shares of the company’s stock valued at $1,733,000 after acquiring an additional 40,410 shares during the period. Bank of America Corp DE increased its stake in GlobalFoundries by 106.1% during the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after acquiring an additional 450,722 shares during the period. Finally, Monaco Asset Management SAM acquired a new position in GlobalFoundries in the 4th quarter valued at approximately $6,984,000.
GlobalFoundries Company Profile (Get Free Report)
GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.
The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.
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GlobalFoundries a Marvell rozšiřují svou víceletou spolupráci, aby zvýšily kapacitu technologie SiGe pro rostoucí poptávku po optické konektivitě v infrastruktuře pro AI. Dohoda má podpořit nové optické transceivery, NPO a CPO.
Multi-year strategic agreement increases capacity for high-performance SiGe technology to support growing AI infrastructure demand | Source: GlobalFoundries Inc.
MALTA, N.Y., Sept. 17, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) and Marvell Technology, Inc. (Nasdaq: MRVL), a leader in data infrastructure semiconductor solutions, today announced an expanded multi-year agreement to increase capacity for GF’s silicon germanium (SiGe) technology at its Burlington, Vermont, facility to support growing demand for next-generation optical connectivity.
Modern AI data centers operate as distributed compute systems, where performance depends not only on accelerators, but also on the high-speed interconnects that move data between them. As AI systems scale, moving data efficiently is becoming increasingly critical to overall performance. The expanded collaboration between GF and Marvell will increase capacity for high-performance SiGe technology used in next-generation pluggable optical transceivers, Near-Packaged Optics (NPO) and Co-packaged Optics (CPO).
The expanded agreement builds on existing production and is expected to add significant capacity to support Marvell’s growing requirements.
GF’s SiGe technology portfolio provides the high-frequency performance, signal integrity and power efficiency required for advanced optical networking applications. Its current technology supports 200G-per-lane optical connectivity, with a roadmap designed to address higher-speed generations as AI and cloud data center bandwidth requirements continue to grow. GF has manufactured advanced SiGe technology for over a decade and continues to co-integrate SiGe, silicon photonics and advanced packaging for new optical connectivity architectures including NPO and CPO.
“AI is fundamentally changing the way data centers are built, and connectivity is becoming increasingly critical to unlocking the performance of these systems,” said Robb Johnson, Vice President, Foundry Technology, Marvell. “As the industry moves toward higher-bandwidth optical architectures, including NPO and CPO, Marvell is investing aggressively to lead this transition. Our expanded collaboration with GF will help ensure we have the SiGe technology and manufacturing capacity to support the significant growth we see ahead.”
“SiGe is where GF’s decades of high-performance radio frequency and analog leadership translate directly into breakthrough optical performance,” said Shankaran Janardhanan, senior vice president of Photonics & RF businesses at GF. “This agreement reinforces our long-standing relationship with Marvell and reflects the critical role SiGe technology plays in enabling high-speed optical networking for AI infrastructure. We will continue investing in our technology roadmap and manufacturing capabilities both in the U.S. and around the world to support our customers' future growth.”
The agreement builds on more than a decade of collaboration between GF and Marvell and reflects the increasingly important role optical networking technologies play in enabling AI and cloud infrastructure at scale.
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 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.
GlobalFoundries rozšiřuje partnerství v oblasti AI, optických sítí, automobilového průmyslu a kvantových technologií. Nová dohoda s Monolithic Power Systems cílí na automobilový průmysl, robotiku a AI infrastrukturu.
Key Takeaways GlobalFoundries is expanding partnerships across AI, optical networking, automotive and quantum technologies.GFS' new deal with Monolithic Power Systems targets automotive, robotics and AI infrastructure applications.GFS is advancing optical networking and quantum R&D while collaborating on power-efficient memory. GlobalFoundries Inc. (GFS - Free Report) is strengthening its growth prospects by expanding collaborations across several emerging semiconductor applications. It is deepening partnerships with chip designers, technology developers and government agencies to combine its manufacturing capabilities with complementary technologies. These collaborations are broadening in several domains, including AI, optical networking, power management, automotive, edge computing and quantum technologies.
Recently, the company inked a long-term manufacturing agreement with Monolithic Power Systems. Under the agreement, Monolithic will deploy its proprietary process technology at GF’s advanced 300mm facility in Singapore. The products are expected to address automotive architectures, industrial robotics and automation, as well as smart power stages for AI and cloud infrastructure.
GF is also building momentum in optical networking. During the second quarter, its communications infrastructure and data-center end market generated more than 60% year-over-year growth, driven by demand for optical networking across its silicon photonics and silicon germanium platforms. In addition to these, GFS is simultaneously venturing into the quantum semiconductor market. In September, the company finalized a definitive agreement with the U.S. Department of Commerce’s CHIPS Research and Development Office for up to $375 million in R&D funding over five years.
Recently, the company has also announced a strategic collaboration with RAAAM Memory Technologies. RAAAM has developed a new type of memory called Gain-Cell RAM, while GF has the manufacturing technology to put that memory into chips using its FDX platform. The company claimed the new memory can take up 40% less space on a chip and use up to 60% less power than traditional SRAM. This can be a game changer for AI, automotive and IoT devices, where chips increasingly have to process large amounts of data and have to be compact and power efficient.
Such strategic partnerships with major tech companies are propelling innovation. However, the financial impact of these collaborations depends on successful commercialization of these technologies, customer adoption and production ramps.
How Are Competitors Faring?GlobalFoundries operates in a highly competitive foundry industry. It faces competition from industry giants, such as United Microelectronics (UMC - Free Report) and Taiwan Semiconductor (TSM - Free Report) . UMC offers technologies that target applications spanning connectivity, automotive, industrial and edge computing. In July 2026, it announced a phased expansion of its Singapore and Taiwan manufacturing footprint to address rising customer demand. The company plans to expand cleanroom capacity in Singapore, including silicon-photonics capacity, while preparing a new fab building in Tainan to support future technologies.
TSMC is a much larger and more technologically broad competitor. TSMC's advantage is its ability to offer customers an increasingly integrated manufacturing ecosystem. Recently, TSMC and ASML announced a collaborative initiative to develop large-format photomasks for High-NA EUV lithography.
GFS’ Price Performance, Valuation and EstimatesGFS has declined 33.6% over the past year against the industry’s growth of 24.4%.
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Going by the price/earnings ratio, the company's shares currently trade at 17.65 forward earnings, higher than 12.79 of the industry average.
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GFS’ earnings estimates for 2026 have improved over the past 60 days.
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GlobalFoundries currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Monolithic Power Systems uzavřel dlouhodobou dohodu s GLOBALFOUNDRIES o výrobě v singapurském 300mm závodě. Sériová výroba má začít na začátku roku 2027 a podpořit poptávku po řešeních power managementu pro AI, cloud, automotive, robotiku a průmyslovou automatizaci.
Key Takeaways MPWR will deploy its process technology at GlobalFoundries' 300mm Singapore facility.Volume production is expected in early 2027 to support rising demand for power management solutions.Monolithic Power will serve AI, cloud, automotive, robotics and industrial automation markets. Monolithic Power Systems, Inc. (MPWR - Free Report) is strengthening its manufacturing capabilities through a new long-term agreement with GLOBALFOUNDRIES Inc. (GFS - Free Report) to increase production capacity for its advanced power management technologies. The collaboration is expected to support Monolithic Power’s expansion across artificial intelligence (AI), automotive, industrial and data center markets.
Under the agreement, Monolithic Power will deploy its proprietary process technology at GlobalFoundries’ advanced 300mm manufacturing facility in Singapore. Volume production is expected to begin in early 2027, giving the company additional capacity to meet rising demand for power solutions used in next-generation electronic systems.
The company will manufacture solutions for automotive platforms, industrial robotics and automation as well as smart power stages for AI and cloud infrastructure. By combining its proprietary technology with GlobalFoundries’ manufacturing capabilities, Monolithic Power aims to increase production, improve supply availability and expand its global manufacturing capacity.
As investment in AI infrastructure, cloud computing, vehicle electrification and industrial automation continues to grow, Monolithic Power is likely to benefit from rising demand for high-performance and efficient power management solutions.
How Are Competitors Advancing?Monolithic Power faces stiff competition from Analog Devices, Inc. (ADI - Free Report) and Microchip Technology Incorporated (MCHP - Free Report) . Analog Devices continues to strengthen its global manufacturing capacity to meet growing demand for its semiconductor solutions. The company is expanding its production capabilities to support customers across industrial, automotive, communications and other markets. ADI’s manufacturing efforts focus on increasing production efficiency, flexibility and supply-chain resilience.
Microchip is ramping up its manufacturing operations as demand for its semiconductor products improves. The company is increasing activity across its front-end and back-end facilities to improve capacity utilization and better serve customers. Microchip is also strengthening its supply capabilities to provide greater flexibility.
MPWR’s Price Performance, Valuation & EstimatesMonolithic Power shares have soared 43.3% over the past year compared with the industry’s 40% growth.
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From a valuation standpoint, Monolithic Power trades at a forward price-to-sales ratio of 12.25, above the industry tally of 7.75.
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Earnings estimates for 2026 have increased 12.7% to $27.11 over the past 60 days, while those for 2027 have increased 18.5% to $34.73.
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Monolithic Power currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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.
Image Source: Zacks Investment Research
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
Image Source: Zacks Investment Research
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)
Image Source: Zacks Investment Research
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)
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
GFS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
