Its announcement comes at a time when companies in the U.S. are facing greater investor scrutiny over their massive spending on the technology.

We expect GAAP gross margin to increase from 28% in 2023 to about 35% by 2029 as the firm should be able to increase utilization in its fabs. This level of gross margin is comparable with ...

Q4 2024 Earnings Call Transcript February 11, 2025 Operator: Good day, and thank you for standing by. Welcome to the ...

GLOBALFOUNDRIES, which operates a wafer plant in Singapore, sank into the red with a net loss of US$730 million for its ...

MALTA, N.Y. - On Tuesday, GlobalFoundries Inc. (NASDAQ:GFS) reported fourth-quarter earnings that beat analyst estimates, but its stock tumbled -5.14% in after-hours trading due to ...

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.

In addition to the appointments of Tim Breen and Niels Anderskouv as chief executive and COO, the semiconductor giant’s ...

GlobalFoundries Inc. (GF), the world's third-largest contract chip manufacturer, announced that Chief Operating Officer (COO) ...

MALTA, N.Y., Feb. 05, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq ... Chief Business Officer in 2023 with responsibilities for leading GF's product and technology roadmap, business and commercial ...

GlobalFoundries has announced a leadership restructuring with Tim Breen transitioning to the role of Chief Executive Officer.

“Following a thoughtful, multi-year succession planning process the board unanimously selected Tim to be GF’s next CEO,” said David Kerko, Lead Independent Director of the GF Board. “We are confident ...