Arete upgraded GlobalFoundries from Sell to Neutral and set a new price target of $37.00

Goldman initiated coverage of GlobalFoundries with a rating of Neutral and set a new price target of $40.00

Argus initiated coverage of GlobalFoundries with a rating of Buy and set a new price target of $52.00

Needham upgraded GlobalFoundries from Hold to Buy and set a new price target of $50.00

UBS initiated coverage of GlobalFoundries with a rating of Neutral and set a new price target of $47.00

Morgan Stanley downgraded GlobalFoundries from Overweight to Equal-Weight and set a new price target of $43.00 from $53.00 previously

TD Cowen reiterated coverage of GlobalFoundries with a rating of Buy and set a new price target of $55.00 from $65.00 previously

Jefferies initiated coverage of GlobalFoundries with a rating of Buy and set a new price target of $62.00 from $67.00 previously

Evercore ISI initiated coverage of GlobalFoundries with a rating of Outperform and set a new price target of $71.00

Cantor Fitzgerald downgraded GlobalFoundries from Overweight to Neutral and set a new price target of $55.00 from $70.00 previously

Strategic Collaboration to Deliver Practical Chip Design Experience to Prepare the Next Generation of Engineering Talent Key Highlights  Launching a pilot 'chip design to tapeout' flow curriculum, enabling academic institutions with industry-aligned coursework.Pilot testing underway at over 40 select worldwide universities with intent to scale.Combination of access to Synopsys' EDA solutions and GlobalFoundries' technology solutions to provide students valuable, real-world experience.SUNNYVALE, Calif. and MALTA, N.Y., Sept. 4, 2025 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) and GlobalFoundries (NASDAQ:GFS) (GF) announced today a new collaboration to launch an educational 'chip design to ta

Expansion of EMEA operations signals strong focus on Automotive, Industrial, and Communications Infrastructure market growth, leveraging the industry-leading MIPS Atlas Portfolio of RISC-V IP MIPS, a GlobalFoundries company, announced today that Michael Zirngibl has joined as Vice President, Business Development for EMEA. In this role, Michael will lead business expansion across the region, building on his extensive background in automotive, industrial, and communications infrastructure sectors to support MIPS mission to advance the next wave of physical AI. "Michael joining MIPS today highlights the opportunity for MIPS technology in physical AI platforms," said Sameer Wasson, MIPS CEO

SANTA CLARA, Calif., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Today at its annual Technology Summit in California, GlobalFoundries (GF)(NASDAQ:GFS) announced the production release of its 130nm complementary Bi-CMOS (CBIC) platform, the company's highest-performance silicon germanium (SiGe) technology to date. Now available for design with a process design kit (PDK), 130CBIC delivers unmatched performance with NPN transistors exceeding 400 GHz ft/fmax and PNP transistors surpassing 200 GHz—making it the only high-performance SiGe platform capable of addressing multiple key markets including smartphones, wireless infrastructure, optical networking, satellite communications and industrial IoT. De

SANTA CLARA, Calif., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Today at its annual Technology Summit in California, GlobalFoundries (NASDAQ:GFS)(GF) announced the availability of its 22FDX+ with Resistive RAM (RRAM) technology, marking a significant advancement in the company's portfolio of embedded non-volatile memory (eNVM) solutions. The new RRAM technology, when combined with the high-performance, ultra-low power 22FDX® platform, delivers secure, low-latency, high-density embedded memory for code storage for wireless microcontrollers and AI IoT applications. Designed with industry-proven OxRAM technology, GF's embedded RRAM offers cost-effective memory with low power read/write, high endura

SANTA CLARA, Calif., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Today at its annual Technology Summit in California, GlobalFoundries (NASDAQ:GFS) (GF) announced a milestone for its 40nm process technology through its partnership with Silicon Labs, the leading innovator in low-power wireless, with the shipment of more than 10 million Silicon Labs Wi-Fi units built on GF's 40LP platform. This scaled production of wireless SoCs on 40LP, including Silicon Labs' SiWX917 Wi-Fi 6 chip, is enabling the next generation of high-performance, energy efficient connected devices. Central to this partnership is GF's expansive portfolio of cost-effective, feature-rich Complementary Metal-Oxide-Semiconductor (

Cirrus Logic (NASDAQ:CRUS), a leading provider of high-performance audio and mixed-signal semiconductor solutions, today announced the expansion of its long-standing relationship with GlobalFoundries (NASDAQ:GFS) (GF) - one of the world's leading semiconductor manufacturers. These joint development efforts aim to accelerate the introduction of more efficient, powerful, and reliable chip technologies that will drive the next generation of everyday devices, from smartphones to automobiles. Together, the companies are advancing the development and commercialization of next-generation BCD (Bipolar-CMOS-DMOS) process technology, which allows different functions to be combined on a single chip,

MALTA, N.Y., Aug. 14, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced that it has completed its acquisition of MIPS, a leading supplier of AI and processor IP. The acquisition strengthens GF's position as a global leader in differentiated semiconductor manufacturing and enhances its capabilities in AI, edge computing and other high-growth markets. The combination of GF and MIPS brings together decades of expertise in advanced semiconductor manufacturing and processor IP innovation, enabling GF to deliver more differentiated solutions to meet the growing demand for energy-efficient, high-performance computing at the edge and beyond. MIPS is expected to continue

MALTA, N.Y., Aug. 06, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced it has entered into an agreement with Apple for a deeper collaboration that will advance semiconductor technologies and strengthen U.S. manufacturing. This partnership will enable GF to accelerate investments at its state-of-the-art semiconductor manufacturing facility in Malta, New York, underscoring a shared commitment to strengthen U.S.-based innovation and production of power-efficient, AI-enabling technologies that are essential to the future of mobile computing and intelligent devices. "Today's announcement is a significant milestone in our decade-long partnership with Apple, as we work

MALTA, N.Y., Aug. 05, 2025 (GLOBE NEWSWIRE) -- GLOBALFOUNDRIES Inc. (GF) (NASDAQ:GFS) today announced preliminary financial results for the second quarter ended June 30, 2025. Key Second Quarter Financial Highlights Revenue of $1.688 billionGross margin of 24.2% and Non-IFRS gross margin(1) of 25.2%Operating margin of 11.6% and Non-IFRS operating margin(1) of 15.3%Net income of $228 million and Non-IFRS net income(1) of $234 millionDiluted earnings per share of $0.41 and Non-IFRS diluted earnings per share(1) of $0.42Non-IFRS adjusted EBITDA(1) of $585 millionEnding cash, cash equivalents and marketable securities of $3.9 billionNet cash provided by operating acti

MALTA, N.Y. and SAN JOSE, Calif., July 08, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced a definitive agreement to acquire MIPS, a leading supplier of AI and processor IP. This strategic acquisition will expand GF's portfolio of customizable IP offerings, allowing it to further differentiate its process technologies with IP and software capabilities. "MIPS brings a strong heritage of delivering efficient, scalable compute IP tailored for performance-critical applications, which strategically aligns with the evolving demands of AI platforms across diverse markets," said Niels Anderskouv, president and chief operating officer at GlobalFoundries. "Through this ac

Expansion of EMEA operations signals strong focus on Automotive, Industrial, and Communications Infrastructure market growth, leveraging the industry-leading MIPS Atlas Portfolio of RISC-V IP MIPS, a GlobalFoundries company, announced today that Michael Zirngibl has joined as Vice President, Business Development for EMEA. In this role, Michael will lead business expansion across the region, building on his extensive background in automotive, industrial, and communications infrastructure sectors to support MIPS mission to advance the next wave of physical AI. "Michael joining MIPS today highlights the opportunity for MIPS technology in physical AI platforms," said Sameer Wasson, MIPS CEO

MALTA, N.Y., July 01, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced that it has acquired Tagore Technology's proprietary and production proven Power Gallium Nitride (GaN) IP portfolio, a high-power density solution designed to push the boundaries of efficiency and performance in a wide range of power applications in automotive, internet of things (IoT) and artificial intelligence (AI) datacenter. As the digital world continues to evolve with technologies like Generative AI, GaN stands out as a pivotal solution for sustainable and efficient power management particularly in datacenters. Today's announcement reinforces GF's commitment to large-scale manufacturing

MALTA, N.Y., May 09, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced the appointment of two new senior executives to its leadership team. Tim Stone has been appointed as the new Chief Financial Officer (CFO), taking over for David Reeder who will leave the company after transitioning to Stone over the coming months, and Niels Anderskouv will join as the new Chief Business Officer (CBO). As CFO, Mr. Stone will build on the strong foundation laid by current CFO, David Reeder, and will focus on accelerating GF's financial performance. Mr. Stone brings a world-class finance pedigree to GF including more than 20 years building Amazon's global business in senior finan

MALTA, N.Y., Nov. 21, 2022 /PRNewswire/ -- GlobalFoundries (NASDAQ:GFS) (GF), a global leader in feature-rich semiconductor manufacturing, today announced the appointment of Ashlie Wallace as Senior Vice President of Global Supply Chain, effective November 28, 2022. In this role, Ms. Wallace will spearhead GF's global supply chain operations including logistics, supply planning, sourcing, and procurement to drive operational efficiency that will support the company's continued growth. "Ashlie's deep expertise in supply chain management will continue to ensure GF is at the fore

Experienced HR executive joins GF leadership team MALTA, N.Y., Aug. 25, 2022 /PRNewswire/ -- GlobalFoundries (NASDAQ:GFS) (GF), a global leader in feature-rich semiconductor manufacturing, today announced the appointment of Pradheepa Raman as Chief People Officer. The appointment is effective September 12, 2022.  An experienced human resources executive with demonstrated success in driving positive change to the employee experience and building organizational resiliency through skills development, Raman will be responsible for leading all aspects of GF's worldwide human resour

MALTA, N.Y., March 3, 2022 /PRNewswire/ -- GlobalFoundries Inc. (NASDAQ:GFS) (GF) today announced the appointment of Bobby Yerramilli-Rao as an independent director of the company's board of directors. Dr. Yerramilli-Rao is currently chief strategy officer and corporate vice president of corporate strategy at Microsoft, where he is responsible for developing and driving growth-oriented strategies. Dr. Yerramilli-Rao's appointment is effective immediately and expands the GF board to 11 directors, including five independent directors. He will be a member of the Strategy & Techno

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MALTA, N.Y., Aug. 05, 2025 (GLOBE NEWSWIRE) -- GLOBALFOUNDRIES Inc. (GF) (NASDAQ:GFS) today announced preliminary financial results for the second quarter ended June 30, 2025. Key Second Quarter Financial Highlights Revenue of $1.688 billionGross margin of 24.2% and Non-IFRS gross margin(1) of 25.2%Operating margin of 11.6% and Non-IFRS operating margin(1) of 15.3%Net income of $228 million and Non-IFRS net income(1) of $234 millionDiluted earnings per share of $0.41 and Non-IFRS diluted earnings per share(1) of $0.42Non-IFRS adjusted EBITDA(1) of $585 millionEnding cash, cash equivalents and marketable securities of $3.9 billionNet cash provided by operating acti

MALTA, N.Y., July 02, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Tuesday, August 5, 2025, at 8:30 a.m. ET following the release of the company's second quarter 2025 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, August 5, 2025, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company's financial results and a webcast of the conference call will be available on GlobalFoundries' Investor Relations website at https://investors.gf.com. About GF GlobalFoundries (GF) is a leading manu

MALTA, N.Y., May 06, 2025 (GLOBE NEWSWIRE) -- GLOBALFOUNDRIES Inc. (GF) (NASDAQ:GFS) today announced preliminary financial results for the first quarter ended March 31, 2025. Key First Quarter Financial Highlights Revenue of $1.585 billionGross margin of 22.4% and Non-IFRS gross margin(1) of 23.9%Operating margin of 9.5% and Non-IFRS operating margin(1) of 13.4%Net income of $211 million and Non-IFRS net income(1) of $189 millionDiluted earnings per share of $0.38 and Non-IFRS diluted earnings per share(1) of $0.34Non-IFRS adjusted EBITDA(1) of $558 millionEnding cash, cash equivalents and marketable securities of $3.7 billionNet cash provided by operating activities of $331 million and

MALTA, N.Y., April 02, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Tuesday, May 6, 2025, at 8:30 a.m. ET following the release of the company's first quarter 2025 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, May 6, 2025, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company's financial results and a webcast of the conference call will be available on GlobalFoundries' Investor Relations website at https://investors.gf.com. About GF GlobalFoundries (GF) is a leading manufactur

MALTA, N.Y., Feb. 11, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (NASDAQ:GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2024. Key Fourth Quarter Financial Highlights Revenue of $1.830 billionGross margin of 24.5% and Non-IFRS gross margin(1) of 25.4%Operating margin of (38.3)% and Non-IFRS operating margin(1) of 15.6%Net loss of $729 million and Non-IFRS net income(1) of $256 millionDiluted loss per share of $1.32 and Non-IFRS diluted earnings per share of $0.46Non-IFRS adjusted EBITDA(1) of $661 millionEnding cash, cash equivalents and marketable securities of $4.2 billionNet cash provided by operating activities of $

MALTA, N.Y., Feb. 05, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced, following a rigorous succession planning process, its Board of Directors has appointed Dr. Thomas Caulfield as Executive Chairman and Tim Breen as Chief Executive Officer. Caulfield succeeds Ahmed Yahia who will step down from the Board and his role as Chairman after more than a decade in the position. Breen, who has been with GF since 2018, and is currently Chief Operating Officer (COO), succeeds Caulfield. In addition, Niels Anderskouv, currently GF's Chief Business Officer, has been appointed GF's President and COO. With a strong foundation in place, this leadership transition positions GF

MALTA, N.Y., Jan. 08, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Tuesday, February 11, 2025, at 8:30 a.m. ET following the release of the company's fourth quarter and full-year 2024 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, February 11, 2025, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company's financial results and a webcast of the conference call will be available on GlobalFoundries' Investor Relations website at https://investors.gf.com. About GF GlobalFoundries (G

MALTA, N.Y., Nov. 05, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (NASDAQ:GFS) today announced preliminary financial results for the third quarter ended September 30, 2024. Key Third Quarter Financial Highlights Revenue of $1.739 billionGross margin of 23.8% and Non-IFRS gross margin(1) of 24.7%Operating margin of 10.6% and Non-IFRS operating margin(1) of 13.6%Net income of $178 million and Non-IFRS net income(1) of $229 millionNon-IFRS adjusted EBITDA(1) of $627 millionCash, cash equivalents and marketable securities of $4.3 billionYear to date net cash provided by operating activities of $1,265 million and Non-IFRS adjusted free cash flow(1) of $779 million "In the third quarte

MALTA, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Tuesday, November 5, 2024, at 8:30 a.m. ET following the release of the company's third quarter 2024 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, November 5, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company's financial results and a webcast of the conference call will be available on GlobalFoundries' Investor Relations website at https://investors.gf.com. About GF GlobalFoundries (GF) is o

MALTA, N.Y., Aug. 06, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (NASDAQ:GFS) today announced preliminary financial results for the second quarter ended June 30, 2024. Key Second Quarter Financial Highlights Revenue of $1.632 billionGross margin of 24.2% and Non-IFRS gross margin(1) of 25.2%Operating margin of 9.5% and Non-IFRS operating margin(1) of 13.0%Net income of $155 million and Non-IFRS net income(1) of $211 millionNon-IFRS Adjusted EBITDA(1) of $610 millionCash, cash equivalents and marketable securities of $4.1 billionYear to date net cash provided by operating activities of $890 million and Non-IFRS adjusted free cash flow of $563 million "In the sec

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