BofA analyst Vivek Arya lowered the firm’s price target on GlobalFoundries (GFS) to $45 from $48 and keeps a Neutral rating on the shares after the company reported Q4 results.

Baird lowered the firm’s price target on GlobalFoundries (GFS) to $50 from $63 and keeps an Outperform rating on the shares. The firm said 1Q25 appears to represent a cycle trough for the ...

TSMC, GlobalFoundries and the unidentified third company are among 21 awarded about $37 billion in preliminary agreements through the bipartisan 2022 Chips and Science Act, aimed at luring ...

Shares of semiconductor foundry Globalfoundries (NASDAQ: GFS) rallied 12.1% on Wednesday, as of 1:32 p.m. ET. The company, a leading manufacturer of specialty semiconductors that are often made ...

WASHINGTON (Reuters) - The U.S. Commerce Department said Wednesday it has finalized a $1.5 billion government subsidy for GlobalFoundries to expand semiconductor production in Malta, New York and ...

In our previous coverage of GlobalFoundries Inc. (NASDAQ: GFS), we highlighted the company's expansion plans which are expected to boost supply growth by 20% in 2023. However, we also noted that ...