GlobalFoundries Inc. - Ordinary Share (GFS)

GlobalFoundries stock rises as the company partners with indie Semiconductor to develop advanced radar SoCs for automotive safety systems.

indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has announced a strategic collaboration with GlobalFoundries (Nasdaq: GFS) (GF) to develop its portfolio of high-performance radar systems-on-chip (SoC). These SoC’s - manufactured on GF’s 22FDX® platform - will target 77 GHz and 120 GHz radar applications for advanced driver assistance systems (ADAS) and adjacent industrial applications. Automotive radar adoption is being accelerated by global vehicle safety regulation, new car assessment programs, and consumer demand for convenience features. As a result, new vehicles will feature at least four radar sensors, and this is expected to double in next-generation platforms to meet the growing use cases.

Expanded collaboration includes joint research on GF’s leading semiconductor platforms

While the brokerage noted that GlobalFoundries' first-quarter (Q1) guidance was below expectations, it observed that the company's long-term growth outlook remains constructive.

GlobalFoundries stock gained after Needham analyst Quinn Bolton upgraded the stock from Hold to Buy and a price target of $50.

The company’s data center and automotive segments drove its topline during the quarter, which grew 18% and 30% year-on-year, respectively.

Wall Street analysts praised Astera Labs for its beat-and-raise fourth-quarter report but investors wanted more. ALAB stock fell on Tuesday.

After the market close, we’ll get more fodder for our Digital Lifestyle model with quarterly results from DoorDash IAC Inc.

U.S.

GlobalFoundries reported $1.83B revenue, beating analyst estimates. Adjusted EPS of 46 cents also beat expectations. CEO optimistic about strong design win momentum and plans to develop advanced packaging and test capabilities. Q1 outlook lower than expected.

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.

Dr. Thomas Caulfield appointed Executive Chairman, Tim Breen named CEO and Niels Anderskouv named President and COO

Wall Street sees Q4 EPS 12c, revenue $13.83B.

GlobalFoundries said that this facility will manufacture, process, package, and test its chips entirely onshore in the U.S., in line with the government’s efforts to attract companies to make crucial semiconductor chips in the country.

GlobalFoundries shares are trading higher on Friday after the company announced plans to create a new center for advanced packaging and testing of US-made essential chips.

First of-its-kind center will offer advanced packaging and test capabilities in New York for U.S.-made essential chips used in AI, automotive, aerospace and defense, and other applications

Apple Inc (NASDAQAAPL) is finalizing the verification of its “made in America” processor chips from Taiwan Semiconductor Manufacturing Co’s (NYSE:

MALTA, N.Y., Jan. 08, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQGFS) today announced that it will host a conference call on Tuesday, February 11, 2025, at 8:30 a.m. ET following the release of the company’s fourth quarter and full-year 2024 financial results.

Skywater Technology is a semiconductor manufacturer and development company with an interesting business model. It also has quantum computing upside.

GlobalFoundries and IBM settle explosive legal dispute over IP and trade secrets, paving the way for future collaboration.