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Corporation
ELECTRONICS | Chips & Semiconductors
globalfoundries.com

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Founded Year

2009

Stage

IPO | IPO

Date of IPO

10/28/2021

Market Cap

37.02B

Stock Price

66.26

About GlobalFoundries

GlobalFoundries (NASDAQ: GFS) is a provider in semiconductor foundry.

GlobalFoundries Headquarter Location

2600 Great America Way

Santa Clara, California, 95054,

United States

408-462-3900

Latest GlobalFoundries News

Rising Wafer Output Drives GlobalFoundries’ Revenues

Dec 2, 2021

The chipmaker's collaboration with Ford brings with it some downside capacity risks, analysts note. GlobalFoundries posted a 5-percent quarterly jump in revenues to $1.7 billion in its inaugural earnings report along with a 56-percent annual increase in revenues. Despite global chip shortages, GlobalFoundries reported net income of $5 million in its third quarter ending Sept. 30, putting the chipmaker back in the black after reporting a $293 million net loss a year ago. The company also exceeded analysts’ earnings-per-share estimates of $0.00 with an adjusted EPS of $0.07. “Our revenue growth was primarily driven by higher wafer output and continued improvement in mix as our differentiated solutions become a larger portion of our total business,” said CEO Thomas Caulfield. About 92 percent of the company’s total revenue derived from its wafer output. However, GlobalFoundries isn’t impervious to the  semiconductor supply chain issues . During its first earnings call since going public in October, Caulfield acknowledged that supply and demand issues persist. “We are still dealing with shortages of what we can supply to our key customers in 2022,” Caulfield said during the earnings call with analysts. Even so, GlobalFoundries predicts fourth-quarter revenue at between $1.8 billion to $1.83 billion, and its EPS between $0.02 to $0.06. GlobalFoundries went public on Oct. 28, initially pricing its stock at $47 with 55 million ordinary shares available. The stock (NASDAQ: GFS) topped out at $73.25 per share before closing Nov. 30 at $69.24. Capacity expansion GlobalFoundries said it plans to continue its capacity expansion operations. The company expects its global installed capacity to rise roughly 4 percent this quarter, a 12-percent increase compared to a year ago. The chipmaker’s Fab 1 facility in Dresden, Germany, is expected to increase output by 16 percent this quarter – a 15-percent rise compared to a year ago. Expansion responds to growing customer demand for its 22FDX, 20-nm ISP and its BiCMOS technology. GlobalFoundries plans to invest $6 billion this year to expand its chip production as it addresses demand spikes and supply bottlenecks. The chipmaker is targeting the hard-hit automotive sector. On Nov 18. GlobalFoundries and Ford announced collaboration to boost semiconductor manufacturing while advancing automotive electronics. The partnership looks to bolster chip supplies for Ford as well as other U.S. auto makers. The non-binding agreement would enable GlobalFoundries to launch research on semiconductor production, initially to address the current chip crisis, eventually focusing on enhanced chip manufacturing for Ford’s vehicle lineup in areas such as ADAS and battery management. This could lead to improvements and increased chip supplies for ADAS and battery management systems. Observers note, however, the partnership and increased focus on building chip inventories could spawn future capacity issues for the chipmaker. “On the one hand, [collaboration with Ford] seems to create a risk that GlobalFoundries’ solution to today’s chip deficit could end up creating a chip glut two years from now,” analyst Rich Smith noted in an article published in  The Motley Fool . “On the other hand, that’s the risk you take when investing in cyclical industries.” This article was originally published on  EE Times . Stefani Munoz is associate editor of EE Times. Prior to joining EE Times, Stefani was an editor for TechTarget and covered a host of topics around IT virtualization trends and VMware technologies.

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Expert Collections containing GlobalFoundries

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

GlobalFoundries is included in 1 Expert Collection, including The Edge Computing Landscape.

T

The Edge Computing Landscape

343 items

Edge computing companies facilitate workload deployment in addition to providing data processing and storage at the farthest reaches of the network. These edge computing companies range from data centers at the edge to workload management tools designed to orchestrate edge deploy

GlobalFoundries Patents

GlobalFoundries has filed 7592 patents.

The 3 most popular patent topics include:

  • Semiconductor device fabrication
  • Transistor types
  • Semiconductor devices
patents chart

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1/28/2021

11/30/2021

Semiconductor device fabrication, Photonics, Thin film deposition, Microtechnology, Transistor types

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Related Topics

Semiconductor device fabrication, Photonics, Thin film deposition, Microtechnology, Transistor types

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