The new CEO of GlobalFoundries Inc., Tim Breen, has announced that the company will be making a $16B investment into chip manufacturing within the U.S. Apple Inc., Qualcomm Inc., and General ...

GlobalFoundries plans to invest $16 billion to expand U.S.-based chipmaking to meet artificial intelligence demand. ... CEO Tim Breen said the AI boom is fueling demand for GF’s technologies.

Breen added the skyrocketing growth of AI is driving "strong, durable demand" for GlobalFoundries technologies. Even with today's roughly 2.5% gains, shares of GlobalFoundries are down about 12% ...

GlobalFoundries’ incoming CEO Tim Breen has been open to considering deal options, including a possible tie-up with UMC, Bloomberg reported, citing unnamed sources familiar with the matter.

GlobalFoundries’ CEO, Tim Breen, emphasized the company’s commitment to partnering with leading technology firms to advance innovation and strengthen economic and supply chain resiliency. The ...

GlobalFoundries (GLS) announced a ramp-up of its investment plans to $16 billion, ... CEO Tim Breen emphasized that the company’s spending timeline remains flexible and demand-driven, ...

Tim Breen, CEO of GlobalFoundries, emphasized the company’s role in advancing innovation and strengthening supply chain resiliency in the U.S. He mentioned the AI revolution’s impact on the demand for ...

SAN FRANCISCO (Reuters) -Chip manufacturer GlobalFoundries said on Wednesday it planned to increase its investment plans to $16 billion, allocating an additional $1 billion to capital spending and ...

MALTA, N.Y., May 06, 2025 (GLOBE NEWSWIRE) -- GLOBALFOUNDRIES Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the first quarter ended March 31, 2025.

GlobalFoundries boosts planned investment in US chip facilities by $3 billion, citing AI demand. New CEO Tim Breen highlights partnerships with tech giants.

GlobalFoundries’ CEO, Tim Breen, emphasized the company’s commitment to partnering with leading technology firms to advance innovation and strengthen economic and supply chain resiliency.