GLOBALFOUNDRIES Inc. (GFS)
| 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]
Financial Performance
Financial StatementsAnalyst 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.
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.
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...
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...
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...
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...
Chip Maker GlobalFoundries' Earnings Beat Expectations
The company's stock was rising early Tuesday after the its third-quarter report impressed.
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...
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...
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 ...
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
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...
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...
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
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.
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
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...
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.
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.
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.
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.
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...
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
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.
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
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.