GLOBALFOUNDRIES INC. ORD. overview

MALTA, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) announced today that it is launching a new student loan repayment program to help current employees and new recruits pay down student loan debt. The new benefit program is part of the company’s multi-million dollar investment to strengthen the semiconductor talent workforce by helping to ease the financial burden of higher education and training of our present and future employees. Under GF’s new benefit...

MALTA, N.Y., Nov. 07, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the third quarter ended September 30, 2023. Key Third Quarter Financial Highlights Revenue of $1,852 million. Gross margin of 28.6% and adjusted gross margin (1) of 29.2%. Operating margin of 14.1% and adjusted operating margin (1) of 17.4%. Net income of $249 million and adjusted net income (1) of $308 million. Adjusted EBITDA (1) of $667 million. Cash, cash...

ESSEX JUNCTION, Vt., Oct. 18, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) has been awarded $35 million in federal funding from the U.S. government to accelerate the manufacturing of GF’s differentiated gallium nitride (GaN) on silicon semiconductors at its facility in Essex Junction, Vermont. This funding brings GF closer to large-scale production of GaN chips, which are unique in their ability to handle high voltages and temperatures. These chips are positioned to enable...

MALTA, N.Y., Oct. 12, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) and the U.S. Department of Defense (DoD) will host a group of leaders and technologists from across the aerospace and defense industry on October 18-19 at GF’s Trusted Foundry Training 2023 in Arlington, Virginia. The invite-only event will showcase the critical role of Trusted chip manufacturing for sensitive national defense applications and highlight how essential chips securely manufactured by GF are enabling...

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 the company’s third quarter 2023 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, November 7, 2023, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here . The...

CHANDLER, Ariz., and MALTA, N.Y., Sept. 27, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (GF) ( Nasdaq: GFS ) and Microchip Technology (Nasdaq: MCHP) , via its Silicon Storage Technology (SST) subsidiary, today announces the immediate release to production of the SST ESF3 third-generation embedded SuperFlash non-volatile memory (NVM) solution in the GF 28SLPe foundry process. GF has established a new industry benchmark for implementing SST’s widely deployed ESF3 SuperFlash technology. This...

MUNICH, Germany, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Today at its annual Technology Summit in Europe, GlobalFoundries (GF) (Nasdaq: GFS) announced advancements to its industry-leading 22FDX ® (22nm FD-SOI) platform, introducing a suite of innovative features and enhancements. These enhancements represent a strategic response to the growing demand for better power efficiency and top-tier performance in both IoT and automotive applications. The new features include ultra-low power memory, designed...

MUNICH, Germany, Sept. 26, 2023 (GLOBE NEWSWIRE) -- At its annual Technology Summit in Europe beginning September 27 th , GlobalFoundries (GF) (Nasdaq: GFS), is highlighting key advancements to its technology platforms and solutions that will enable better power efficiency, enhanced performance and security for applications across critical end markets including IoT, smart mobile and automotive. These milestones highlight GF’s semiconductor manufacturing leadership in product development,...