GLOBALFOUNDRIES Inc. (GFS)

NASDAQ: GFS · IEX Real-Time Price · USD
53.63
-0.06 (-0.11%)
At close: Dec 1, 2023, 4:00 PM
53.46
-0.17 (-0.32%)
Pre-market: Dec 4, 2023, 7:00 AM EST
-0.11%
Market Cap 29.67B
Revenue (ttm) 7.64B
Net Income (ttm) 1.41B
Shares Out 553.20M
EPS (ttm) 2.54
PE Ratio 21.11
Forward PE 21.84
Dividend n/a
Ex-Dividend Date n/a
Volume 1,127,515
Open 53.49
Previous Close 53.69
Day's Range 53.27 - 54.09
52-Week Range 48.12 - 72.50
Beta 1.83
Analysts Strong Buy
Price Target 72.08 (+34.4%)
Earnings Date Nov 7, 2023

About GFS

GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York. [Read more]

Industry Semiconductors
Sector Technology
IPO Date Oct 28, 2021
Employees 14,000
Stock Exchange NASDAQ
Ticker Symbol GFS
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for GFS stock is "Strong Buy." The 12-month stock price forecast is $72.08, which is an increase of 34.40% from the latest price.

Price Target
$72.08
(34.40% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

GlobalFoundries CEO Thomas Caulfield weighs in on the state of the semiconductor market

Thomas Caulfield, GlobalFoundries CEO, joins  'Closing Bell Overtime' to talk the semiconductor market, consumer demand and more.

2 days ago - CNBC Television

Weebit Nano receives wafers manufactured in GlobalFoundries' 22FDX® process

HOD HASHARON, Israel, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Weebit Nano Limited (ASX:WBT), a leading developer of advanced memory technologies for the global semiconductor industry, has received the first...

13 days ago - GlobeNewsWire

GlobalFoundries Announces New Multi-Million Dollar Student Loan Repayment Program to Strengthen Semiconductor Workforce

Program designed to build a critical talent pipeline by easing the burden of education debt for U.S. employees Program designed to build a critical talent pipeline by easing the burden of education de...

17 days ago - GlobeNewsWire

GlobalFoundries Posts Better-Than-Expected Earnings on Resilient Demand

GlobalFoundries (GFS) shares jumped 5% Tuesday after the semiconductor manufacturer reported third-quarter earnings that beat estimates on resilient demand, sending other semiconductor stocks higher a...

26 days ago - Investopedia

GlobalFoundries CEO: The breadth of the end markets we serve differentiates us from peers

Thomas Caulfield, president and chief executive officer of GlobalFoundries, joins 'Squawk on the Street' to discuss how the company's quarterly earnings results fit into the overall narrative, how the...

26 days ago - CNBC Television

Chip Maker GlobalFoundries' Earnings Beat Expectations

The company's stock was rising early Tuesday after the its third-quarter report impressed.

27 days ago - Barrons

GlobalFoundries Awarded $35 Million Funding from U.S. Government to Accelerate Manufacturing of Next-Generation GaN Chips

In partnership with U.S. Government, GF's semiconductor manufacturing facility in Vermont continues to move closer to large-scale production of next-generation gallium nitride chips for use in aerospa...

6 weeks ago - GlobeNewsWire

GlobalFoundries and U.S. Department of Defense Showcase Secure Chip Manufacturing at 2023 Trusted Foundry Training

Annual event for aerospace and defense industry showcases necessity, value of Trusted chip manufacturing Annual event for aerospace and defense industry showcases necessity, value of Trusted chip manu...

7 weeks ago - GlobeNewsWire

GlobalFoundries Announces Conference Call to Review Third Quarter 2023 Financial Results

MALTA, N.Y., Oct. 02, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, November 7, 2023, at 8:30 a.m. ET following the release of ...

2 months ago - GlobeNewsWire

How GlobalFoundries aims to remain world's third-biggest semiconductor foundry

GlobalFoundries is manufacturing more of the world's critical chips, gaining significance with U.S.-China tension and big deals like one with General Motors

2 months ago - CNBC

GlobalFoundries and Microchip Announce Microchip's 28nm SuperFlash® Embedded Flash Memory Solution in Production

Widely deployed non-volatile memory (NVM) solution is optimized for microcontrollers, smartcards, and IoT chips Widely deployed non-volatile memory (NVM) solution is optimized for microcontrollers, sm...

2 months ago - GlobeNewsWire

GlobalFoundries Unveils Power-Efficient Advancements to 22FDX® Platform at Annual Tech Summit

New Features, Temperature-Resilient Capabilities Meet Growing Demands in IoT and Automotive Industries New Features, Temperature-Resilient Capabilities Meet Growing Demands in IoT and Automotive Indus...

2 months ago - GlobeNewsWire

Industry Leaders Gather in Europe for GF Technology Summit 2023

Munich Event Highlights Technology Advancements and Unveils Essential Chips Roadmap Munich Event Highlights Technology Advancements and Unveils Essential Chips Roadmap

2 months ago - GlobeNewsWire

Chipmaker GlobalFoundries seeks funding under CHIPS Act

Contract chipmaker GlobalFoundries said on Monday it has submitted applications for funding under the U.S. CHIPS act to expand capacity and modernize its local manufacturing facilities.

2 months ago - Reuters

GlobalFoundries Submits Applications for U.S. CHIPS and Science Act Funding

GF seeking funding to support capacity expansion and modernization of its U.S. fabs GF seeking funding to support capacity expansion and modernization of its U.S. fabs

2 months ago - GlobeNewsWire

U.S. Government Awards GlobalFoundries New $3.1 Billion, 10-Year Contract for Secure Chip Manufacturing

With $3.1 billion spending ceiling, new 10-year contract provides U.S. Dept. of Defense an assured supply of securely manufactured semiconductors for use in the nation's most sensitive applications Wi...

2 months ago - GlobeNewsWire

GlobalFoundries Opens $4B Chip Plant in Singapore to Expand Capacity

GlobalFoundries (GFS), the world's third-largest chipmaker, opened a $4 billion fabrication plant in Singapore to expand capacity in anticipation of a rise in demand for semiconductor chips.

2 months ago - Investopedia

US chip giant GlobalFoundries opens $4 bn Singapore plant

The world's third-largest contract chipmaker GlobalFoundries opened a $4 billion manufacturing plant in Singapore on Tuesday as part of a global expansion to help ease an industry supply crunch.

2 months ago - TechXplore

We can help Vietnam and India with their semiconductor manufacturing goals: GlobalFoundries

Thomas Caulfield, CEO of the semiconductor manufacturing company, says it already has more than 800 employees in India.

2 months ago - CNBC International TV

GlobalFoundries opens $4 billion Singapore expansion fab to meet 'demand for essential semiconductor chips'

GlobalFoundries announced Tuesday the opening of its $4 billion expansion fabrication plant in Singapore.

2 months ago - CNBC

GlobalFoundries Announces 9SW RFSOI Technology for Next-Generation Mobile and 5G Applications

Builds on 8SW for Reduced Power, Improved Efficiency, and Better Performance Enabling Stronger Connections Builds on 8SW for Reduced Power, Improved Efficiency, and Better Performance Enabling Stronge...

3 months ago - GlobeNewsWire

GlobalFoundries Enhances Technology Platforms to Enable Critical Applications for Next Generation Electric and Autonomous Vehicles

New solutions support demand for improved power performance and efficiency, safety and connectivity New solutions support demand for improved power performance and efficiency, safety and connectivity

3 months ago - GlobeNewsWire

BrainChip Receives First Shipment of AKD1500 Chips in Silicon from Technology Partner GlobalFoundries

LAGUNA HILLS, Calif.--(BUSINESS WIRE)--BrainChip Receives First Shipment of AKD1500 Chips in Silicon from Technology Partner GlobalFoundries.

3 months ago - Business Wire

GlobalFoundries Unveils Key Innovations at Technology Summit 2023

Spotlight on Power Management, RF Connectivity, Intelligent and Secure Solutions Spotlight on Power Management, RF Connectivity, Intelligent and Secure Solutions

3 months ago - GlobeNewsWire

Quantitative trading firm explains why it likes TSMC and GlobalFoundries

Mehdi Hosseini of Susquehanna International Group says TSMC will benefit from the artificial intelligence race, while GlobalFoundries will benefit from the localization of semiconductors.

Other symbols: TSM
4 months ago - CNBC International TV