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GFS / GlobalFoundries stock drops as revenue falls

Shares of GlobalFoundries Inc. GFS were declining about 1% in premarket trading Tuesday after the chip foundry company marginally exceeded expectations for quarterly revenue but saw a decline on the metric. The company recorded net income of $254 million, or 46 cents a share, up from $178 million, or 33 cents a share, in the year-prior quarter. Read More

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Posted: May 9 2023, 08:48

Author Name: Market Watch

GFS News

By GlobeNewsWire
October 2, 2023

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

By CNBC
October 1, 2023

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

By Proactive Investors
September 25, 2023

GlobalFoundries submits applications for CHIPS funding

GlobalFoundries (GF) said it has submitted two applications to the US Department of Commerce for funding under the US CHIPS and Science Act Funding p

By Reuters
September 25, 2023

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

By Investopedia
September 12, 2023

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

By TechXplore
September 12, 2023

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 expan

By CNBC International TV
September 12, 2023

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.

By CNBC
September 11, 2023

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.

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