GlobalFoundries announces $16B investment to expand semiconductor manufacturing in NY and VT, driving AI technology ...

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. The firm ...

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 ...

GM’s direct relationship with GlobalFoundries will give the automaker a secure supply of chips and will help control costs, said CEO Thomas Caulfield. GM will not have to pay mark-ups to its ...