GlobalFoundries Inc. (GFS) shares rallied 6.8% in the last trading session to close at $58.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.1% gain over the past four weeks.GlobalFoundries extended its rally, driven by its U.S. manufacturing capabilities to support its domestic chip manufacturing amid rising geopolitical tensions, including increasing trade restrictions on China.This company is expected ...

Semiconductor foundry GlobalFoundries (NASDAQ:GFS) popped sharply higher on Wednesday, gaining about 10% before paring back some of the enthusiasm. Recent comments by former President Donald Trump catapulted the swing up. A potential pivot to an isolationist stance may benefit GFS stock as domestic chip production rises. Based in Malta, New York, GlobalFoundries, according to its profile, "manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processo ...

Can former President Trump single-handedly turn GlobalFoundries into a viable competitor to Taiwan Semiconductor?Semiconductor stocks are having a rough time of things Wednesday, with shares of giants such as Taiwan Semiconductor Manufacturing (TSM -7.52%) falling more than 7% on worries of additional U.S. government interference with the chip market.One semiconductor stock in particular, however, is having a much better day: GlobalFoundries (GFS 6.41%), the contract semiconductor manufacturer that Intel tr ...

MALTA, N.Y., July 08, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, August 6, 2024, at 8:30 a.m. ET following the release of the company’s second quarter 2024 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, August 6, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company’s financial resu ...

MALTA, N.Y., July 01, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced that it has acquired Tagore Technology's proprietary and production proven Power Gallium Nitride (GaN) IP portfolio, a high-power density solution designed to push the boundaries of efficiency and performance in a wide range of power applications in automotive, internet of things (IoT) and artificial intelligence (AI) datacenter. As the digital world continues to evolve with technologies like Generative AI, GaN ...

MALTA, N.Y., July 01, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced that it has acquired Tagore Technology’s proprietary and production proven Power Gallium Nitride (GaN) IP portfolio, a high-power density solution designed to push the boundaries of efficiency and performance in a wide range of power applications in automotive, internet of things (IoT) and artificial intelligence (AI) datacenter. As the digital world continues to evolve with technologies like Generative AI, GaN ...

Semiconductor stocks are delivering record performance as of late. Key technological breakthroughs in fields such as artificial intelligence have caused a gold rush atmosphere across the chip stock space.However, not all chip stocks have profited equally from these developments. In fact, quite a few semiconductor stocks are down so far in 2024. The chip industry is large, and many companies serve fields such as industrial, automotive or consumer electronics that are not enjoying the same demand tailwinds as ...

MALTA, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- BAE Systems (LON: BA) and GlobalFoundries (NASDAQ:GFS) (GF) today announced a new collaboration to strengthen the supply of critical semiconductors for national security programs. Under the strategic agreement, the companies will align technology roadmaps and collaborate on long-term strategies for increasing U.S. semiconductor innovation and manufacturing, with the joint goal of advancing the ecosystem for domestic fabrication and packaging of secure chips and ...

MALTA, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- BAE Systems (LON: BA) and GlobalFoundries (Nasdaq: GFS) (GF) today announced a new collaboration to strengthen the supply of critical semiconductors for national security programs. Under the strategic agreement, the companies will align technology roadmaps and collaborate on long-term strategies for increasing U.S. semiconductor innovation and manufacturing, with the joint goal of advancing the ecosystem for domestic fabrication and packaging of secure chips an ...

MALTA, N.Y., June 18, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries announced today a commitment to the U.S. Department of Commerce's CHIPS Women in Construction Framework, a set of five best practices intended to increase representation of women and economically disadvantaged individuals in the construction workforce. The Framework is part of U.S. Secretary of Commerce Gina Raimondo's ongoing Million Women in Construction initiative that aims to expand the American construction workforce by doubling the number ...