MALTA, N.Y., Nov. 10, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced that it has entered into a technology licensing agreement with TSMC for 650V and 80V Gallium Nitride (GaN) technology. This strategic move will accelerate GF's next generation of GaN products for datacenter, industrial and automotive power applications and provide U.S.-based GaN capacity for a global customer base. As traditional silicon CMOS technologies hit their performance limits, GaN is emerging as the next-generation solution for meeting the increasing demand for higher efficiency, power density and compactness in power systems. GF is developing a comprehensive GaN portfolio, including h

MALTA, N.Y. and AUSTIN, Texas, Oct. 30, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF), one of the world's leading semiconductor manufacturers, and Silicon Labs (NASDAQ:SLAB), the leading innovator in low-power wireless, today announced the expansion of their strategic partnership to advance the development of next-generation, energy-efficient wireless technologies and scale U.S.-based semiconductor manufacturing. This collaboration – the first of its kind to introduce this process technology in the United States – aims to accelerate the development and production of high-performance wireless solutions manufactured at GF's advanced facility in Malta, New York, reinforcing U.S.

DRESDEN, Germany, Oct. 28, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced plans to invest €1.1 billion to expand its manufacturing capabilities at its Dresden, Germany site. The investment will enable a production capacity increase to more than one million wafers per year by the end of 2028, making it the largest site of its kind in Europe. The expansion, known as project SPRINT, is expected to be supported by the German federal government and the State of Saxony under the framework of the European Chips Act, with EU approval for the full program expected later this year. This investment underscores Saxony's role as a critical hub for semiconductor manufacturin

MALTA, N.Y., Oct. 27, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced that, effectively immediately, John Hollister, GF's Chief Financial Officer, is leaving the company for personal reasons. Sam Franklin, GF's Senior Vice President of Business Finance, Operations and Investor Relations, will assume the position of Interim Chief Financial Officer while the company conducts a search for a permanent CFO. "We appreciate John's valuable contributions to GF and we wish him the best. While the company determines a permanent successor, we are confident in Sam's ability to serve as our Interim CFO given his deep experience and intimate familiarity with the company's bus

MALTA, N.Y., Oct. 08, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Wednesday, November 12, 2025, at 8:30 a.m. ET following the release of the company's third quarter 2025 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Wednesday, November 12, 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 lea

MALTA, N.Y., Sept. 29, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) (GF) today announced a collaborative effort with Corning Incorporated (NYSE: GLW) to develop detachable fiber connector solutions for GF's silicon photonics platform. Corning's GlassBridge™ solution, a glass-waveguide based edge-coupler compatible with the platform's v-grooves, is designed to meet the growing demands of AI datacenters for high bandwidth and power-efficient optical connectivity. Other coupling mechanisms are also being developed, including a vertically-coupled detachable fiber-to-PIC (Photonic Integrated Circuit) solution—demonstrating GlobalFoundries and Corning's combined ability to produce mult

MALTA, N.Y., Sept. 23, 2025 (GLOBE NEWSWIRE) -- Today at its annual Technology Summit in Shanghai, China, GlobalFoundries (NASDAQ:GFS)(GF) announced its collaboration with Egis Technology to deliver a new direct time-of-flight (dToF) sensors on GF's 55nm platform. This new solution supports smart sensing technologies for new and emerging applications in smart mobile, IoT and automotive end markets. GF's first-generation FSI (front-side illuminated) SPAD (single-photon avalanche diode) device features best-in-class Dark Count Rate and Near-Infrared Photon Detection Probability for high-SNR dToF sensing. The SPAD device, available as a p-cell, is integrated on GF's feature-rich 55nm platfor

SINGAPORE, Sept. 16, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced that the World Economic Forum (WEF) has designated its 300mm fab in Singapore as part of the Global Lighthouse Network (GLN) of advanced manufacturers. This prestigious title recognizes GF's leadership in deploying and scaling Fourth Industrial Revolution (4IR) technologies to drive enterprise-wide operational transformation. GF continuously strives to leverage digital capabilities to improve safety, cost, quality, and productivity. By harnessing AI and machine learning, GF is transforming its manufacturing operations and driving smarter, more sustainable production across fabs in the U.S., Eur

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

Jefferies downgraded GlobalFoundries from Buy to Hold and set a new price target of $38.00

BNP Paribas Exane initiated coverage of GlobalFoundries with a rating of Outperform and set a new price target of $45.00

BofA Securities downgraded GlobalFoundries from Neutral to Underperform and set a new price target of $35.00

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

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MALTA, N.Y., Oct. 27, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced that, effectively immediately, John Hollister, GF's Chief Financial Officer, is leaving the company for personal reasons. Sam Franklin, GF's Senior Vice President of Business Finance, Operations and Investor Relations, will assume the position of Interim Chief Financial Officer while the company conducts a search for a permanent CFO. "We appreciate John's valuable contributions to GF and we wish him the best. While the company determines a permanent successor, we are confident in Sam's ability to serve as our Interim CFO given his deep experience and intimate familiarity with the company's bus

MALTA, N.Y., Oct. 08, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Wednesday, November 12, 2025, at 8:30 a.m. ET following the release of the company's third quarter 2025 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Wednesday, November 12, 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 lea

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

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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