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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 Inc (NASDAQ:GFS), the American semiconductor manufacturer, fell over 5% on Thursday morning in New York, retreating after a major US-Japan manufacturing agreement sent its shares higher a day earlier.

The pullback came despite plans by the Trump administration to increase its equity stake in the chipmaker from 3% to 7%, more than doubling its holding.

Reuters reported that the agreement includes up to $21 billion in Japanese investment to build two semiconductor factories in New York state, which GlobalFoundries will operate as part of a drive to strengthen domestic chip production.

Construction on the first factory is expected to begin this year, with production scheduled to start in 2029 and annual capacity of about 900,000 silicon wafers once fully operational.

However, the investment will not represent a direct $21 billion cash injection into GlobalFoundries, as Japan will provide the capital for the factory infrastructure while the chipmaker earns fees for managing and operating the facilities.

GlobalFoundries expects to generate $50 million in management fees in 2027, with the agreement providing fee-generating services for at least 20 years.

The share-price decline also came amid broader weakness across technology stocks, as hotter-than-expected American inflation data fuelled concerns about interest rates and prompted investors to reduce their exposure to the sector.

Investors must also weigh the expansion opportunity against pressure in existing markets, with the company facing smartphone-related revenue declines and softer automotive demand.

Heavy capital expenditure remains another consideration because spending on factories and technology can constrain adjusted free cash flow even as gross margins improve.

The latest agreement strengthens GlobalFoundries’ strategic position in American semiconductor manufacturing, but the near-term share-price performance remains exposed to broader market sentiment and the costs of expanding production capacity.

Operator

Thank you for standing by. Welcome to today's program entitled "GlobalFoundries Advancing Semiconductor Leadership in America." [Operator Instructions] I will now introduce your host for today's program, Eric Chow, Head of Investor Relations. Please go ahead, sir.

Eric Chow
Director of Investor Relations

Thank you, and welcome to our investor webinar entitled "GlobalFoundries Advancing Semiconductor Leadership in America." On the call with me today are Tim Breen, CEO; and Sam Franklin, CFO.

The press release we issued today is available on our Investor Relations website at investors.gf.com. A replay of this webcast and the accompanying presentation will be posted to that same site shortly after today's session.

Before we begin, I will remind you that certain statements on today's call may be deemed to be forward-looking statements, which can be identified by terms such as believe, expect, intend, anticipate and may or by the use of the future tense and that you should not place undue reliance on them.

Actual results may differ materially from these forward-looking statements, and we do not undertake any obligation to update any forward-looking statements we make today. For more information about the factors that may cause actual results to differ materially from our forward-looking statements, please refer to the press release we issued this morning.

You should also refer to the risks and uncertainties described in our SEC filings, including in the sections under the caption Risk Factors in our annual report on Form 20-F and in any current reports on Form 6-K furnished with the SEC.

Note that we will present non-IFRS financial measures during today's call. With that, I will now

GlobalFoundries plans to build two new semiconductor-manufacturing facilities in New York under a U.S.-Japanese initiative providing up to $21 billion in funding.

Japan will invest up to $21 billion in two chip factories in New York state that will be jointly owned ​by the US government and Japanese interests and operated by GlobalFoundries (GFS.O), the company said ‌on Wednesday.

Shares of the Malta, New York-based company rose nearly 5% in premarket trading. As of last close, the stock had gained more than 33% so far this year.

The move is part of a deal for Japan to invest $550 ​billion in the US struck by President Donald Trump's administration last year in return for the ​US lowering tariffs on Japanese cars and other imports from at least 25% to 15%.

The ⁠US will take a stake in the new chip factories, but Japan will provide all of ​the investment capital, GlobalFoundries said.

The company, which is majority-owned by Abu Dhabi's sovereign wealth fund Mubadala Investment ​Co, will earn fees from building and operating the factories, as well as licensing chip manufacturing technology to them.

In a separate agreement, the US government will take a 4% stake in GlobalFoundries, bringing its total ownership of the chipmaker to ​about 7%, GlobalFoundries CEO Tim Breen told Reuters.

Breen said GlobalFoundries would manage customer relationships, and initial ​customers for the New York factories include Japan's Renesas Electronics (6723.T) and iPhone maker Apple (AAPL.O).

"We definitely would like to give priority ‌to ⁠US and Japanese customers," he said. "Ultimately, I expect other companies that aren't US and Japanese will also be part of the demand, but we'll obviously go through a process after announcement to finalize the exact who gets what over what timeframe."

Japan has so far announced two batches of projects worth over $100 billion ​combined under the investment ​scheme.

Under the arrangement with ⁠the US, Trump selects projects to be funded by Japan. Available free cash flows from investments will be split evenly between the two countries until a ​specific allocation is reached, after which 90% will go to the US.

GlobalFoundries' Breen ​said that ⁠at least some of the capital investment by Japan will flow back to chip-manufacturing toolmakers such as Tokyo Electron (8035.T) and other Japanese firms that along with US rivals dominate the supply chain.

"Obviously, we have a strong ⁠interest in ​the Japanese equipment suppliers to be part of it," Breen ​said. "We will be very open-minded, but we'll definitely engage very much with the Japanese ecosystem because they have great technologies."

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.

Media Contact:
Stephanie Gonzalez
[email protected]

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.

Xanadu Quantum Technologies Ltd. (NASDAQ:XNDU) shares are trading higher Tuesday after the company announced a strategic multi-year partnership with GlobalFoundries Inc. (NASDAQ:GFS) to manufacture components for utility-scale quantum computers.

Moving Xanadu’s Photonic Chips From the Lab to a 300 mm Production LineThe partnership will bring Xanadu’s ultra-low-loss silicon nitride photonics and superconducting nanowire single-photon detectors, known as SNSPDs, onto GlobalFoundries’ 300 mm production line in Malta, New York. SNSPDs read out a calculation’s results by counting the photons in a pulse of light. Xanadu has adopted them as the detector platform for its utility-scale systems, and the company expects them to substantially speed up its machines and cut the chip overhead those systems need.

The companies described the work as a shift from lab-scale prototyping to industrial-grade production. The output is expected to serve as the manufacturing foundation for Xanadu’s upcoming fault-tolerant demonstrators. The two companies are also exploring further work on high-performance quantum modules.

“Transitioning quantum computing technology to a high-volume manufacturing line is fundamental to delivering quantum computing at scale,” said Dr. Christian Weedbrook, Founder and CEO of Xanadu.

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Xanadu Shares Rush HigherXNDU Price Action: At the time of publication, Xanadu shares are trading 7.63% higher at $4.86, according to data from Benzinga Pro.

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Key Takeaways GFS is partnering with SMART Photonics to combine silicon and indium phosphide photonics manufacturing.GFS' communications infrastructure and data center revenue rose 62% year over year in Q2 2026.GFS is advancing 1.6-terabit and 3.2-terabit optical modules as 200-gigabit-per-lane production begins. GlobalFoundries Inc. (GFS - Free Report) is expanding its presence in the photonics market through a new partnership with SMART Photonics. GFS is seeing accelerating demand for optical networking technologies, specifically in AI and data center applications. In the second quarter of 2026, the company’s communications infrastructure and data center business recorded 62% year-over-year revenue growth, marking its seventh consecutive quarter of double-digit growth. The momentum is partially driven by strong demand for silicon photonics and silicon germanium (SiGe) technologies used in optical networking.

The SMART Photonics collaboration is particularly relevant here. The partnership is set to offer an open-access manufacturing service combining silicon and indium phosphide photonics. This will help customers develop and produce next-generation optical products that can move data faster and more efficiently.

The move fits well with GFS' growing exposure to the AI data-center market. The company is already seeing strong demand for technologies used in optical networking and is working with four of the five largest optical transceiver players. GFS is actively moving towards 1.6 terabit and 3.2 terabit optical modules. The production of its 200-gigabit-per-lane technology is already underway.

The SMART Photonics partnership strengthens GFS’ positioning across a rapidly developing photonics ecosystem. However, the financial contribution from the new SMART relationship will likely take some time to get reflected in its financial results. However, strong AI and optical networking demand will likely boost prospects in GFS’ photonics portfolio in the long run.

Other Major Players in the Photonics MarketTower Semiconductor Ltd. is also benefiting from strong demand for silicon photonics. In the second quarter of 2026, Tower reported record revenue of $460 million, up 24% year over year. Its silicon photonics business recorded a triple-digit increase, reaching a $680 million annualized revenue run rate, compared with $180 million a year earlier.

Coherent Corp. (COHR - Free Report) is another major player with exposure to the growing optical-connectivity market. The company reported fiscal fourth-quarter 2026 revenue of $2.05 billion, up 34% year over year, while non-GAAP gross margin increased to 40.2%.

GFS’ Price Performance, Valuation and EstimatesGFS has increased 46.4% over the past year compared with the industry’s growth of 34.6%.

Image Source: Zacks Investment Research

Going by the price/earnings ratio, the company's shares currently trade at 19.67 forward earnings, higher than the industry average of 13.52.

Image Source: Zacks Investment Research

GFS’ earnings estimate for 2026 has improved over the past 60 days.

Image Source: Zacks Investment Research

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.

Further Reading Five stocks we like better than GlobalFoundries NVIDIA Just Named AI’s Next Bottleneck—And These 3 Stocks Sit Right In It Gold Has Gone Sideways, But These 3 Stocks Haven’t The AI Bottleneck Is Not Chips Anymore and 3 Pipeline Stocks Are Cashing In These 3 Stocks Under $20 Have Wall Street Looking Past the Share Price

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TSMC dominates AI silicon and just raised its growth outlook, yet one corner of GlobalFoundries' business is quietly outpacing it on a percentage basis while the stock sits near a 52-week low. The case for the underdog gets more specific…

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GlobalFoundries (NASDAQ:GFS | GFS Price Prediction) and Taiwan Semiconductor Manufacturing (NYSE:TSM) both just delivered fresh results, and the contrast is unusually clean. TSMC is riding a 36% year-over-year revenue surge on leading-edge AI silicon. GFS grew a slower 5.8%, but its data-center specialty business jumped 62%. Two very different foundry bets sit side by side.

Silicon Photonics Carries GFS. Two Nanometer Carries TSMC. GFS posted $1.786 billion in Q2 2026 revenue, and the standout was its Communications Infrastructure and Datacenter segment at $277 million. CEO Tim Breen said silicon-photonics revenue should more than double in 2026, with seven optical-networking design wins and engagements with four of the top five optical-transceiver players. Silicon germanium is already oversubscribed throughout 2027. That is real AI exposure without leading-edge capital risk.

TSMC’s Q2 told a scale story. Revenue hit $40.20 billion, gross margin reached 67.7%, and HPC accounted for 66% of revenue. Two-nanometer chips already contributed 3% of wafer revenue in their commercial debut. Management raised full-year growth guidance to slightly above 40%. The moat is obvious. So is the price tag.

Where Geopolitics and Capex Really Split Them Lens GFS TSM Manufacturing base Malta, NY plus global Taiwan-centric 2026 capital budget ~23% of revenue $60-$64 billion Forward P/E 17 20 Market cap $23.9B $2.17T TSMC’s leading-edge dominance requires spending that keeps climbing. Management said capex over the next three years will be “even more significantly higher than the past three years”, and its Arizona commitment now totals $265 billion. Overseas fabs are guided to dilute gross margin by 3 to 4 percentage points in later stages.

GFS goes the other way. Breen said the company can “10x our photonics capacity within our current four walls plan on a global basis”. Annual capex fell from $3.06 billion in 2022 to $722 million in 2025. Meanwhile, secured U.S. supply appeals to customers hedging Taiwan risk. Breen noted customers are “mitigating geopolitical risk that they see”.

What Decides This Trade Into 2027 The near-term catalysts diverge. For GFS, I am watching whether silicon photonics ramps into near-packaged optics in 2027 and whether the $375 million quantum grant converts to real manufacturing revenue. For TSMC, the 2nm ramp is guided to dilute Q3 gross margin by 3 to 4 percentage points. Any AI order softness lands harder given the stock’s 61.17% one-year run.

Valuation Gap and Capex Discipline Favor GFS If you already own AI winners and want a foundry with less Taiwan concentration, GFS offers a differentiated foundry profile today. It trades at a forward multiple below TSMC, has genuine data-center exposure through photonics and silicon germanium, and generates cash without a $60 billion capex treadmill (we reverse-engineered what the biggest chip winners looked like early in a free Next Nvidia playbook). TSMC is the better business. I do not dispute that. But GFS shares are down 19.48% in the past month while TSMC sits near record highs. That valuation gap is worth watching. If AI capex ever cools, the specialty foundry that can flex capacity may weather it better than the one that just committed to four or more new Arizona fabs.

Contact [email protected] for any questions or corrections.

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%.

Image Source: Zacks Investment Research

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. 

Image Source: Zacks Investment Research

GlobalFoundries currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 

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.

Image Source: Zacks Investment Research

From a valuation standpoint, Monolithic Power trades at a forward price-to-sales ratio of 12.25, above the industry tally of 7.75.

Image Source: Zacks Investment Research

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.

Image Source: Zacks Investment Research

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 Inc. (GFS) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

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.

Media contact:
Stephanie Gonzalez
[email protected]

SummaryGlobalFoundries remains a buy after the recent selloff, though upside is now more modest and valuation is less compelling than last year.GFS's growth is driven by surging data center revenue (+62% YoY) and new optical networking wins, offset by cyclical weakness in automotive.CapEx is rising sharply to support quantum and silicon photonics initiatives, creating long-term growth potential but introducing near-term cash flow risk.GFS's 1% dividend signals financial health, but yield and upside are limited until speculative investments begin to pay off. JHVEPhoto/iStock Editorial via Getty Images

When last we covered GlobalFoundries (GFS) in September, I reiterated my buy rating on them, citing growth, an improving balance sheet, and the potential benefits of the MIPS acquisition. It’s been a volatile year since then, and the stock was doing incredibly

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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.

Subscribers to Schaeffer's Weekend Trader options recommendation service received this GFS commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.

Collaboration establishes a real-time data foundation to improve operational efficiency,
scalability and decision-making across its operations

, /PRNewswire/ -- Redpanda, the leading provider of mission-critical data and agent governance infrastructure, today announced that GlobalFoundries (NASDAQ: GFS) (GF), a leading semiconductor manufacturer, has selected Redpanda as a key partner in its digital transformation journey. Through the collaboration, GF and Redpanda are building a unified real-time data platform that connects manufacturing, engineering and business systems across its operations while supporting a new generation of AI-driven capabilities across GF's global workforce. Redpanda's forward-deployed engineers are working alongside GF teams to modernize core digital manufacturing capabilities, helping improve visibility, responsiveness and operational efficiency. The Redpanda Data Platform replaces legacy change-data-capture infrastructure to stream equipment, process, and scientific data from GF's manufacturing operations.

Redpanda's platform enables GF to bring together data from equipment, process control, engineering, supply chain and manufacturing systems into a unified environment. By creating a consistent real-time view across operations, GF can more effectively monitor processes, support decision-making and scale digital capabilities across its global manufacturing footprint. Tier-0, mission-critical systems are already live in production, helping to advance semiconductor manufacturing capabilities as the platform is deployed across GF's global operations.

"Semiconductor manufacturing depends on trusted, real-time access to operational data and, at GF, we are continually investing in the digital capabilities needed to support increasingly complex manufacturing operations," said Vishal Mehra, SVP, Chief Information Officer at GF. "Working with Redpanda, we are building a modern, scalable data infrastructure that improves operational visibility and accelerates decision-making at global scale. This collaboration helps position GF for the next phase of digital manufacturing as we continue to expand real-time, data-driven capabilities across our manufacturing network."

Leveraging Redpanda's Agentic Data Plane, GF is building a portfolio of AI agents to drive automation, insights, and operational efficiency across IT, procurement, and other business functions. GF plans to expand adoption over time as it continues to integrate real-time insights into day-to-day processes and business workflows across the business.

"GlobalFoundries is transforming itself for a world built on streaming data, AI, and agents," said Alex Gallego, founder and CEO of Redpanda. "That means building the same governance, confidentiality, and access controls semiconductor manufacturing has always required, just designed for a world where agents, not only people, are using that data in real time. With Redpanda, the same data platform that streams their fabs' data today now powers the agents their teams build every day."

Additional resources:

Learn more about how GF is using Redpanda as a key partner in its digital transformation journey in this webinar: https://www.redpanda.com/events/fireside-chat-globalfoundries. Learn how Redpanda connects real-time data and AI agents for your business: redpanda.com/demo 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.

About Redpanda

Redpanda builds the data infrastructure that many businesses already run on, and because your agents need the same governed, real-time access to that data as your applications do, it is also the platform that connects, governs, and audits them. It's all built on a battle-tested data platform that unifies data streaming, intelligent connectivity, and SQL analytics into a single system, delivering high throughput at low latency and unmatched value. Available as Bring Your Own Cloud (BYOC), self-managed, or fully managed cloud, Redpanda is trusted by hundreds of organizations, including Global 2000 enterprises across industries and a thriving global community of tens of thousands of developers. Learn more: redpanda.com

SOURCE Redpanda

Key Takeaways GFS raised its 2026 communications and data center growth outlook to 50%-60% as Q2 revenues jumped over 60%.GFS secured seven optical design wins and expects silicon photonics revenues to more than double in 2026.GFS lifted Q2 non-IFRS gross margin to 29.9% and now expects about 30% for 2026, led mainly by mix. GlobalFoundries Inc. (GFS - Free Report) used its second-quarter 2026 earnings call to emphasize accelerating optical networking demand, broader AI data center opportunities and improving profitability through a richer business mix.

The company’s second-quarter non-IFRS earnings of 46 cents per share topped the Zacks Consensus Estimate of 44 cents. Revenues of $1.79 billion also beat the $1.76 billion estimate. The call centered on capacity, technology investments and growth beyond traditional foundry services.

GFS Raises Its Data Center OutlookCommunications infrastructure and data center revenues rose more than 60% year over year, driven by silicon photonics and silicon germanium demand.

GlobalFoundries now expects 2026 revenue growth of 50% to 60% for that end market, up from its prior high-30% outlook. The business represented about 16% of second-quarter revenues, with customer demand supporting further investment in high-margin technology corridors.

GlobalFoundries Builds Optical CapacityThe company secured seven optical networking design wins during the quarter and now expects silicon photonics revenues to more than double in 2026.

Asked by a Wolfe Research analyst about expansion timing, chief executive Tim Breen said capacity can be added within existing fabs, allowing GlobalFoundries to increase output without constructing another facility.

A TD Cowen analyst pressed management on the sharp outlook increase. Breen said validation across customers and hyperscalers strengthened confidence, while manufacturing productivity improvements should support higher shipments through 2027.

GFS Leans on Mix to Lift MarginsNon-IFRS gross margin reached 29.9%, up 470 basis points year over year, as technology services, stronger manufacturing mix, cost improvements and utilization supported profitability.

GlobalFoundries now expects full-year gross margin of about 30%, rather than merely reaching that level exiting 2026.

During the Q&A, chief financial officer Sam Franklin told a Cantor Fitzgerald analyst that mix remains the largest margin driver. He also cited roughly 10 percentage points of available utilization, structural cost reductions and pricing increases scheduled to begin affecting revenues in 2027.

GlobalFoundries Expands IP and PowerBreen said the completed acquisition of Synopsys’ ARC Processor IP Solutions business deepens the company’s RISC-V, software and custom silicon capabilities.

Franklin said MIPS and ARC are expected to contribute $100 million to $120 million to 2026 technology services revenue, above the prior $60 million to $100 million range.

Breen also highlighted the acquired integrated voltage regulator team as a way to move power conversion closer to AI processors. He said the capability complements GlobalFoundries’ BCD, GaN and integrated inductor portfolio.

GFS Balances End-Market ShiftsFranklin said automotive revenues fell 10% year over year because of customer shipment timing, but management maintained its low-double-digit 2026 growth outlook with greater fourth-quarter weighting.

Smart mobile device revenues declined 6%, and Franklin now expects a low-teens full-year decrease as handset forecasts weakened amid memory pricing and shortages.

Home and industrial IoT improved 10% year over year. Franklin raised the 2026 growth outlook to 10% to 15%, citing normalized inventory, better demand signals and new production ramps.

GlobalFoundries Funds Growth and Returns CashFranklin guided third-quarter revenues to $1.885 billion, plus or minus $25 million, with non-IFRS gross margin of 30.5%, plus or minus 100 basis points.

He projected non-IFRS earnings of 51 cents per share, plus or minus 5 cents, and said second-half operating expenses should remain near the third-quarter level as R&D investment rises.

Franklin also reaffirmed an adjusted free cash flow margin of about 10% for 2026. The board approved another 12-cent quarterly dividend, while roughly $100 million remains under the share repurchase authorization.

GFS Leaves the Call Focused on ExecutionBreen’s tone remained confident on optical networking, quantum manufacturing and physical AI, but he repeatedly tied growth to the pace of capacity additions and factory productivity.

Franklin framed the next phase around mix improvement, disciplined investment and cost execution, with higher-value technologies carrying more weight in revenue and margins.

What Zacks Rank & Style Scores Signal for GlobalFoundriesGFS currently carries a Zacks Rank #3 (Hold), a less favorable designation than the Zacks Rank #1 (Strong Buy) or 2 (Buy) ratings that pair most strongly with A or B Style Scores. Its Momentum Score of A is favorable, while Value and Growth Scores of C are middle-tier readings. You can see the complete list of today’s Zacks #1 Rank stocks here.

The VGM Score of B reflects a favorable combined profile across value, growth and momentum, though the overall signal remains balanced alongside the Hold rank. The Zacks Rank can change as analyst estimates are revised following the just-reported results.

Micron's $250 Billion Bet Could Reshape the AI Memory RaceGlobalFoundries NASDAQ: GFS reported second-quarter fiscal 2026 revenue of $1.786 billion, up 9% sequentially and 6% from a year earlier, as demand for communications infrastructure and data-center applications helped drive growth and margin expansion.

Chief Executive Officer Tim Breen said revenue and non-IFRS profitability measures were at or above the high end of the company’s guidance ranges. The company shipped about 625,000 300-millimeter equivalent wafers, up 8% both sequentially and year over year.

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Quantum Computing's Commercial Breakout Has ArrivedManufacturing services represented about 89% of quarterly revenue, while technology services—including IP, licensing, software, reticles, non-recurring engineering and other items—accounted for about 11%.

Margins Expand as Data-Center Demand Accelerates Chief Financial Officer Sam Franklin said GlobalFoundries generated gross profit of $534 million, translating to a non-IFRS gross margin of about 29.9%, an increase of 470 basis points from the prior-year period. The company attributed the improvement to a richer revenue mix, manufacturing cost improvements and higher utilization.

Quantum Stocks Just Got a Lifeline—Who Benefits Most?Operating profit was $298 million, or a 16.7% operating margin, while net income totaled approximately $256 million. Diluted earnings were $0.46 per share, based on about 556 million fully diluted shares.

Communications infrastructure and data center represented approximately 16% of second-quarter revenue. Revenue in that end market rose 20% sequentially and 62% year over year, fueled by demand for silicon photonics and silicon-germanium products used in optical networking.

GlobalFoundries increased its full-year 2026 outlook for the segment and now expects communications infrastructure and data-center revenue to grow 50% to 60% from a year earlier, compared with its previous expectation for growth in the high-30% range.

Breen said silicon photonics revenue is now expected to more than double in 2026. The company is engaged with four of the five largest optical transceiver suppliers, he said, and is expanding capacity within its existing manufacturing footprint. GlobalFoundries also said it is oversubscribed for silicon-germanium capacity through 2027 and is expanding output at its Vermont facility.

During the quarter, the company secured seven optical-networking design wins across transceiver suppliers, hyperscalers and networking companies. It also taped out a SCALE-platform design win related to near-packaged or co-packaged optics and expects another tape-out in the third quarter.

Other End Markets Show Mixed Trends Automotive revenue, representing about 19% of quarterly sales, declined 13% sequentially and 10% year over year, principally due to customer shipment timing. Nevertheless, GlobalFoundries maintained its expectation for low-double-digit automotive revenue growth for the full year, with greater weighting toward the fourth quarter.

Smart mobile devices accounted for about 36% of revenue. Sales rose 15% sequentially but fell 6% year over year. Franklin said handset forecasts have been reduced due to memory pricing and shortages, and GlobalFoundries now expects smart-mobile revenue to decline by a low-teens percentage rate in 2026.

Home and industrial IoT, which represented about 19% of revenue, increased 30% sequentially and 10% year over year. The company raised its full-year growth outlook for the segment to 10% to 15%, from a prior expectation for mid-single-digit growth.

Acquisitions and Government Partnerships Support Growth Plans GlobalFoundries completed its acquisition of Synopsys’ ARC Processor IP Solutions business in June and acquired the custom power team from Photeon Technologies in July. Breen said the ARC acquisition, combined with MIPS, expands the company’s processor IP, software-development tools and custom-silicon capabilities for automotive, industrial, robotics and edge-AI applications.

Franklin said MIPS and the ARC IP acquisition are expected to contribute $100 million to $120 million in technology-services revenue in 2026, up from the company’s prior estimate of $60 million to $100 million. He said these businesses are R&D-intensive but carry gross margins above GlobalFoundries’ corporate targets.

The company also highlighted quantum computing as a longer-term opportunity. Breen said GlobalFoundries’ Quantum Technology Solutions organization has initiated four customer-specific engagements since its launch in May. The company expects quantum-related revenue over the next one to three years to be primarily engineering work reported within technology services, with manufacturing-services revenue potentially ramping closer to the end of the decade as customer platforms reach volume production.

GlobalFoundries cited an expected $375 million U.S. Department of Commerce grant for quantum manufacturing capacity and a separate letter of intent for a $300 million Commerce Department award supporting next-generation silicon-photonics development, including materials, modulators and packaging.

Third-Quarter Outlook and Capital Returns For the third quarter, GlobalFoundries forecast revenue of $1.885 billion, plus or minus $25 million. It expects non-IFRS gross margin of approximately 30.5%, plus or minus 100 basis points, operating expenses excluding share-based compensation of $260 million, plus or minus $10 million, and diluted earnings per share of $0.51, plus or minus $0.05.

The company said it implemented pricing increases across several technology corridors during the second quarter, with the adjustments expected to begin affecting revenue in 2027. It plans to continue assessing pricing through the second half of 2026.

Cash flow from operations was $405 million in the second quarter, while capital expenditures net of government-grant proceeds totaled $408 million. Adjusted free cash flow was negative $3 million. GlobalFoundries ended the quarter with approximately $3.3 billion in cash equivalents and marketable securities and $1.1 billion in debt.

The company paid its first quarterly cash dividend of $0.12 per share on July 14 and announced another $0.12-per-share quarterly dividend payable Oct. 9 to shareholders of record on Sept. 23. GlobalFoundries also had approximately $100 million remaining under its share-repurchase authorization.

About GlobalFoundries (NASDAQ:GFS)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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A view of the clean room in U.S. chipmaker GlobalFoundries' new fabrication plant in Singapore September 12, 2023. REUTERS/Edgar Su Purchase Licensing Rights, opens new tab

Aug 5 (Reuters) - GlobalFoundries (GFS.O), opens new tab reported second-quarter revenue above Wall Street estimates on Wednesday, as growing ​demand for its chips used ‌in data centers boosted sales.

The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.

GlobalFoundries makes specialty chips for communications, data centers, automotive, industrial and ​consumer electronics companies.

The company reported ​second-quarter revenue of $1.79 billion; analysts on average ⁠estimated $1.77 billion, according to data compiled ​by LSEG.

Adjusted diluted earnings per share ​came in at 46 cents, above analysts' estimate of 44 cents.

Spending on artificial intelligence infrastructure has ​increased demand for its silicon photonics ​chips, which use light instead of electrical signals ‌to ⁠move data faster inside AI data centers.

The specialty chip maker forecast third-quarter revenue of $1.89 billion, plus or minus $25 million, ​roughly in ​line with ⁠analysts' estimate of $1.88 billion.

Adjusted free cash flow was negative $3 million, ​compared with positive $277 million a ​year ⁠earlier.

In March, Global Foundries sued Israel-based rival Tower Semiconductor (TSEM.TA), opens new tab alleging the Israeli chipmaker infringed ⁠11 ​patents related to manufacturing ​chips used in smartphones and other electronics.

Reporting by Anzar ​Mehraj in Bengaluru; Editing by Joyjeet Das

Our Standards: The Thomson Reuters Trust Principles., opens new tab

MALTA, N.Y., Aug. 05, 2026 (GLOBE NEWSWIRE) -- GLOBALFOUNDRIES Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the second quarter ended June 30, 2026.

Key Second Quarter Financial Highlights

Revenue of $1.786 billionGross margin of 28.3% and Non-IFRS gross margin(1) of 29.9%Operating margin of 9.7% and Non-IFRS operating margin(1) of 16.7%Net income of $167 million and Non-IFRS net income(1) of $256 millionDiluted earnings per share of $0.30 and Non-IFRS diluted earnings per share(1) of $0.46Non-IFRS adjusted EBITDA(1) of $587 millionEnding cash, cash equivalents and marketable securities of $3.3 billionNet cash provided by operating activities of $405 million and Non-IFRS adjusted free cash flow(1) of $(3) million "GF delivered strong results in the second quarter, with revenue and Non-IFRS gross margin exceeding the high end of our guidance ranges,” said Tim Breen, CEO of GlobalFoundries. "We continue to see strong momentum, accelerating customer demand, and revenue growth across our strategic growth drivers, including Optical Networking within the AI data center, where our differentiated silicon photonics and silicon germanium technologies are driving meaningful value for our customers."

Recent Business Highlights

In July 2026, GF signed a letter of intent with the U.S. Department of Commerce for a $300 million award to accelerate U.S. silicon photonics leadership. 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. In July 2026, GF completed the acquisition of Photeon Technologies' integrated voltage regulator (IVR) business, adding differentiated IVR technology, specialized engineering talent, and expanded R&D capabilities. The acquisition complements GF's existing BCD, GaN and integrated inductor technologies and expands the company's capabilities in power delivery solutions for AI data center applications. In June 2026, GF completed its previously-announced acquisition of Synopsys’ ARC Processor IP Solutions business, which together with MIPS brings together RISC-V processor IP, software tools, custom design and advanced manufacturing into a single offering. This acquisition further enables GF as a leader in RISC-V IP solutions and establishes the Company as a holistic technology partner, offering customers a software-to-silicon capability for Physical AI and beyond. In May 2026, GF launched Quantum Technology Solutions (QTS), building upon over a decade of sustained investment in cryogenic CMOS, advanced packaging and materials science. Accelerated by an expected $375 million grant by the U.S. Department of Commerce, pursuant to a letter of intent, and supported by several of the leading quantum companies in the world, GF plans to manufacture at scale the complete hardware solutions that will power real-world quantum computing of the future. Dividend Payment
On July 14 2026, GF paid its first-ever quarterly cash dividend of $0.12 per share. In addition, the Board of Directors has approved a dividend of $0.12 per share payable on October 9, 2026 to shareholders of record as of September 23, 2026.

(1)See “Reconciliation of IFRS to Non-IFRS" for a detailed reconciliation of Non-IFRS financial measures to the most directly comparable IFRS measure. See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful. GLOBALFOUNDRIES Inc.
 Summary Quarterly Results
(Unaudited, in millions, except per share amounts and wafer shipments)
         Year-over-Year Sequential  Q2 2026 Q1 2026 Q2 2025 Q2 2026 vs Q2 2025 Q2 2026 vs Q1 2026               Net revenue $1,786  $1,634  $1,688  $98  6 % $152  9 %               Gross profit  $505  $451  $408  $97  24 % $54  12 %Gross margin   28.3 %  27.6 %  24.2 %   +410bps   +70bps               Non-IFRS gross profit(1) $534  $474  $425  $109  26 % $60  13 %Non-IFRS gross margin(1)  29.9 %  29.0 %  25.2 %   +470bps   +90bps               Operating profit  $174  $180  $196  $(22) (11)%
 $(6) (3)%
Operating margin  9.7 %  11.0 %  11.6 %   (190)bps   (130)bps               Non-IFRS operating profit(1) $298  $271  $258  $40  16 % $27  10 %Non-IFRS operating margin(1)  16.7 %  16.6 %  15.3 %   +140bps   +10bps               Net income  $167  $104  $228  $(61) (27)%
 $63  61 %Net income margin  9.4 %  6.4 %  13.5 %   (410)bps   +300bps               Non-IFRS net income(1) $256  $227  $234  $22  9 % $29  13 %Non-IFRS net income margin (1)  14.3 %  13.9 %  13.9 %   +40bps   +40bps               Diluted earnings per share ("EPS") $0.30  $0.18  $0.41  $(0.11) (27)%
 $0.12  67 %               Non-IFRS diluted EPS(1) $0.46  $0.40  $0.42  $0.04  10 % $0.06  15 %               Non-IFRS adjusted EBITDA(1) $587  $561  $585  $2  — % $26  5 %Non-IFRS adjusted EBITDA margin(1)  32.9 %  34.3 %  34.7 %   (180)bps   (140)bps               Cash from operating activities $405  $542  $431  $(26) (6)%
 $(137) (25)%
               Wafer shipments (300mm equivalent) (in thousands)  625   579   581   44  8 %  46  8 %                (1) See “Reconciliation of IFRS to Non-IFRS" for a detailed reconciliation of Non-IFRS financial measures to the most directly comparable IFRS measure. See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful.

 GLOBALFOUNDRIES Inc. Summary of Third Quarter 2026 Guidance(1)(Unaudited, in millions, except per share amounts)  IFRSShare-Based
Compensation(3)Non-IFRS(2)Net revenue$1,885 ± $25  Gross margin(2)29.5% ± 100bps~100bps30.5% ± 100bpsOperating expenses(2) $318 ± $10~$58$260 ± $10Operating margin(2) 12.7% ± 170bps~400bps16.7% ± 170bpsDiluted EPS(2)(4)$0.37 ± $0.05~$0.14$0.51 ± $0.05Fully Diluted Share Count~556   (1)The Guidance provided contains forward-looking statements as defined in the U.S. Private Securities Litigation Act of 1995, and is subject to the safe harbors created therein. The Guidance includes management's beliefs and assumptions and is based on information that is available as of the date of this release.  (2)Non-IFRS gross margin, Non-IFRS operating expenses, Non-IFRS operating margin and Non-IFRS diluted EPS are Non-IFRS measures and, for purposes of the Guidance only, are defined as gross profit as a percent of revenue, operating expenses, operating profit as a percent of revenue, and diluted EPS, all before share-based compensation, respectively. See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful.  (3)We expect share-based compensation of $18 million and $58 million in cost of revenue and operating expenses, respectively. The Non-IFRS margin impacts are calculated by dividing share-based compensation by net revenue, and the Non-IFRS diluted EPS impact is calculated by dividing share-based compensation by the fully diluted share count.  (4)Included in IFRS and Non-IFRS diluted EPS is net interest income (expense) and other income (expense) which we estimate will be between $3 million and $11 million for the third quarter 2026. Also included in IFRS and Non-IFRS diluted EPS is income tax expense which we estimate will be between $28 million and $52 million for the third quarter 2026. GLOBALFOUNDRIES Inc.
 Consolidated Statements of Operations
(Unaudited, in millions, except per share amounts)
   Three Months Ended  June 30, 2026 June 30, 2025     Net revenue $1,786  $1,688Cost of revenue  1,281   1,280Gross profit $505  $408Operating expenses:    Research and development  174   134Selling, general and administrative  157   78Operating expenses $331  $212Operating profit  $174  $196Finance income (expense), net  9   17Other income (expense), net  13   8Income tax (expense) benefit  (29)  7Net income  $167  $228EPS:    Basic $0.30  $0.41Diluted $0.30  $0.41Shares used in EPS calculation:    Basic  549   555Diluted  556   557 GLOBALFOUNDRIES Inc.
 Condensed Consolidated Statements of Financial Position
(Unaudited, in millions)
   As of  June 30, 2026 December 31, 2025     Assets:    Cash and cash equivalents $1,087  $1,809 Marketable securities  1,270   1,241 Receivables, prepayments and other  1,489   1,578 Inventories  1,622   1,577 Current assets $5,468  $6,205 Property, plant and equipment, net $7,098  $7,223 Goodwill and intangible assets, net  1,861   1,368 Marketable securities  946   939 Right-of-use assets  578   569 Other assets  937   837 Non-current assets $11,420  $10,936 Total assets $16,888  $17,141 Liabilities and equity:    Current portion of long-term debt $98  $86 Other current liabilities  2,111   2,282 Current liabilities $2,209  $2,368 Non-current portion of long-term debt $1,024  $1,065 Non-current portion of lease obligations  495   487 Other liabilities  1,286   1,238 Non-current liabilities $2,805  $2,790 Total liabilities $5,014  $5,158 Shareholders' equity:    Common stock / additional paid-in capital $23,937  $24,231 Accumulated deficit  (12,178)  (12,381)Accumulated other comprehensive income  59   78 Non-controlling interests  56   55 Total liabilities and equity $16,888  $17,141  GLOBALFOUNDRIES Inc.
 Condensed Consolidated Statements of Cash Flows
(Unaudited, in millions)
   Three Months Ended  June 30,
2026 June 30,
2025Operating Activities:    Net income $167  $228 Depreciation and amortization  307   335 Finance (income) expense, net and other  (14)  (8)Deferred income taxes  18   (20)Net change in working capital  (115)  (136)Other non-cash operating activities  42   32 Net cash provided by operating activities $405  $431      Investing Activities:    Purchases of property, plant and equipment and intangible assets $(411) $(159)Acquisitions, net of cash acquired  (440)  — Net sales (purchases) of marketable securities  (294)  (23)Other investing activities  26   (25)Net cash used in investing activities $(1,119) $(207)     Financing Activities:    Proceeds from issuance of equity instruments, net of taxes paid $(3) $1 Proceeds (repayment) of debt, net  (45)  (36)Net cash used in financing activities  $(48) $(35)Effect of exchange rate changes  —   5 Net change in cash and cash equivalents $(762) $194 Cash and cash equivalents at the beginning of the period  1,849   1,596 Cash and cash equivalents at the end of the period $1,087  $1,790  GLOBALFOUNDRIES Inc.
 Reconciliation of IFRS to Non-IFRS
(Unaudited, in millions, except per share amounts)
  Three Months Ended June 30, 2026  Gross profit Selling, general & administrative Research & development Operating profit Other income (expense) Income tax (expense) benefit Net income Diluted EPSAs Reported $505  $157  $174  $174  $13  $(29) $167  $0.30 IFRS margins(1)  28.3 %      9.7 %      9.4 %  Share-based compensation  23   (38)  (25)  86   —   (3)  83   0.15 Structural optimization(2)  3   (4)  —   7   —   (2)  5   0.01 Amortization of acquired intangibles and other acquisition related charges  3   (23)  (5)  31   —   —   31   0.06 Revaluation and gain on sale of equity investments  —   —   —   —   (25)  5   (20)  (0.04)Tax matters(3)  —   —   —   —   —   (10)  (10)  (0.02)Non-IFRS measures(1) $534  $92  $144  $298  $(12) $(39) $256  $0.46 Non-IFRS margins(1)  29.9 %      16.7 %      14.3 %    Three Months Ended March 31, 2026  Gross profit Selling, general & administrative Research & development Operating profit Other income (expense) Income tax (expense) benefit Net income Diluted EPSAs Reported $451  $139  $132  $180  $(10) $(81) $104  $0.18IFRS margins(1)  27.6 %      11.0 %      6.4 %  Share-based compensation  16   (32)  (15)  63   —   (2)  61   0.11Structural optimization(2)  2   (3)  (1)  6   —   (1)  5   0.01Amortization of acquired intangibles and other acquisition related charges  5   (15)  (2)  22   —   (3)  19   0.03Tax matters(3)  —   —   —   —   —   38   38   0.07Non-IFRS measures(1) $474  $89  $114  $271  $(10) $(49) $227  $0.40Non-IFRS margins(1)  29.0 %      16.6 %      13.9 %    Three Months Ended June 30, 2025  Gross profit Selling, general & administrative Research & development Operating profit Other income (expense) Income tax (expense) benefit Net income  Diluted EPSAs Reported $408  $78  $134  $196  $8  $7  $228  $0.41 IFRS margins(1)  24.2 %      11.6 %      13.5 %  Share-based compensation  17   (29)  (8)  54   —   (2)  52   0.09 Structural optimization(2)  —   (5)  —   5   (24)  —   (19)  (0.03)Amortization of acquired intangibles and other acquisition related charges  —   (2)  (1)  3   —   —   3   0.01 Litigation claims  —   —   —   —   9   (1)  8   0.01 Tax matters(3)  —   —   —   —   —   (38)  (38)  (0.07)Non-IFRS measures(1) $425  $42  $125  $258  $(7) $(34) $234  $0.42 Non-IFRS margins(1)  25.2 %      15.3 %      13.9 %   (1)See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful.  (2)Structural optimization represents costs associated with employee workforce reductions, manufacturing footprint alignment and liquidation charges.  (3)Includes $(10) million and $38 million tax impacts from foreign exchange revaluation of German deferred taxes for the three months ended June 30, 2026 and March 31, 2026, respectively, and $(38) million net deferred tax asset recognition and foreign exchange rate impact for the three months ended June, 30, 2025. GLOBALFOUNDRIES Inc.
 Reconciliation of IFRS to Non-IFRS
Non-IFRS Adjusted Free Cash Flow(1)
(Unaudited, in millions)
   Three Months Ended  June 30, 2026 March 31, 2026 June 30, 2025       Net cash provided by operating activities $405  $542  $431 Less: Purchases of property, plant and equipment and intangible assets  (411)  (312)  (159)Add: Proceeds from government grants  3   3   5 Non-IFRS total capital expenditures net of proceeds from government grants(1) $(408)  (309)  (154)Non-IFRS adjusted free cash flow(1) $(3) $233  $277 Non-IFRS adjusted free cash flow margin(1)  (0.2
)%
  14.3 %  16.4 % (1)  See "Financial Measures (Non-IFRS)" for further discussion on this Non-IFRS measure and why we believe it is useful.

 Reconciliation of IFRS to Non-IFRS
Non-IFRS Adjusted EBITDA(1)
(Unaudited, in millions)
   Three Months Ended  June 30, 2026 March 31, 2026 June 30, 2025       Net revenue $1,786  $1,634  $1,688 Net income  167   104   228 Net income margin   9.4 %  6.4 %  13.5 %Depreciation and amortization  307   311   335 Finance expense  23   22   22 Finance income  (32)  (37)  (39)Income tax expense (benefit)  29   81   (7)Share-based compensation  86   63   54 Structural optimization  7   6   (19)Revaluation and gain on sale of equity investments  (25)  —   — Litigation claims  —   —   9 Other acquisition related charges  25   11   2 Non-IFRS adjusted EBITDA(1) $587  $561  $585 Non-IFRS adjusted EBITDA margin(1)  32.9 %  34.3 %  34.7 % (1)  See "Financial Measures (Non-IFRS)" for further discussion on this Non-IFRS measure and why we believe it is useful.

GLOBALFOUNDRIES Inc.

Financial Measures (Non-IFRS)

In addition to the financial information presented in accordance with International Financial Reporting Standards ("IFRS"), this press release includes the following Non-IFRS financial measures: Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS operating expense, Non-IFRS net income, Non-IFRS selling, general and administrative, Non-IFRS research and development, Non-IFRS other income (expense), Non-IFRS income tax benefit (expense), Non-IFRS diluted earnings per share (“EPS”), Non-IFRS adjusted EBITDA, Non-IFRS adjusted free cash flow, Non-IFRS total capital expenditures net of proceeds from government grants, and any related margins. We define each of Non-IFRS gross profit, Non-IFRS selling, general and administrative, Non-IFRS research and development, Non-IFRS operating profit, Non-IFRS other income (expense), Non-IFRS income tax benefit (expense) and Non-IFRS net income as gross profit, selling, general and administrative, research and development, operating profit, other income (expense), income tax benefit (expense), and net income (loss), respectively, adjusted for share-based compensation, structural optimization, amortization of acquired intangibles and other acquisition related charges, impairment charges, revaluation of equity investments, restructuring charges, litigation claims, tax matters, and any associated income tax effects. We define Non-IFRS operating expense as Non-IFRS gross profit minus Non-IFRS operating profit. We define Non-IFRS diluted EPS as Non-IFRS net income divided by the diluted shares outstanding. We define Non-IFRS adjusted free cash flow as cash flow provided by (used in) operating activities less purchases of property, plant and equipment and intangible assets plus proceeds from government grants related to capital expenditures. We define Non-IFRS total capital expenditures net of proceeds from government grant as purchases of property, plant and equipment and intangible assets less proceeds of government grants. We define Non-IFRS adjusted EBITDA as net income adjusted for the impact of finance expense, finance income, income tax expense (benefit), depreciation and amortization, share-based compensation, restructuring charges, impairment charges, revaluation of equity investments, structural optimization, litigation claims and acquisition related charges. We define each of Non-IFRS gross margin, Non-IFRS operating margin, Non-IFRS net income margin, Non-IFRS adjusted free cash flow margin and Non-IFRS adjusted EBITDA margin as Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS net income, Non-IFRS adjusted free cash flow and Non-IFRS adjusted EBITDA, respectively, divided by net revenue. Any adjustments described above that are zero for a given period are excluded from the “Reconciliation of IFRS to Non-IFRS” table. See "Reconciliation of IFRS to Non-IFRS" section for a detailed reconciliation of Non-IFRS financial measures to the most directly comparable IFRS measure.

We believe that in addition to our results determined in accordance with IFRS, these Non-IFRS financial measures provide useful information to both management and investors in measuring our financial performance and highlight trends in our business that may not otherwise be apparent when relying solely on IFRS measures. These Non-IFRS financial measures provide supplemental information regarding our operating performance that excludes certain gains, losses and non-cash charges that occur relatively infrequently and/or that we consider to be unrelated to our core operations. Management believes that Non-IFRS adjusted free cash flow as a Non-IFRS measure is helpful to investors as it provides insights into the nature and amount of cash the Company generates in the period.

Non-IFRS financial information is presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for financial information presented in accordance with IFRS. Our presentation of Non-IFRS measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Other companies in our industry may calculate these measures differently, which may limit their usefulness as comparative measures.

Conference Call and Webcast Information

GF will host a conference call with the financial community on Wednesday, August 5, 2026 at 8:30 a.m. U.S. Eastern Time (ET) to review the second quarter 2026 results in detail. Interested parties may join the scheduled conference call by registering at https://edge.media-server.com/mmc/p/osibvq84/.

The call will be webcast and can be accessed from the GF Investor Relations website https://investors.gf.com. A replay of the call will be available on the GF Investor Relations website within 24 hours of the actual call.

GF uses its Investor Relations website at https://investors.gf.com as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor this website, in addition to following GF's press releases, Securities and Exchange Commission (SEC) filings, public conference calls and webcasts.

About GlobalFoundries

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. © 2026 GlobalFoundries Inc. GF®, GlobalFoundries®, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners.

Forward-looking Statements and Third Party Data

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.

For further information, please contact:

Investor Relations
[email protected]

Posted by Defense World Staff on Aug 4th, 2026

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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