GlobalFoundries Fab 9 in Essex Junction, VermontGlobalFoundriesThe announcement of a preliminary memorandum to provide approximately $1.5 billion in direct funding under the CHIPS and Science Act to GlobalFoundries (GF) signals an investment in critical domestic capabilities around mixed signal and analog technology, a branch of the semiconductor industry that gets far less attention than it deserves. While the majority of the funding will contribute towards the expansion of GF’s facilities in Malta, NY, so ...

$1.5 billion potential investment will support the expansion of GlobalFoundries New York facility, including construction of a new state-of-the art fab, and the modernization of its Vermont facility, adding secure capacity for essential chip manufacturing for automotive and other key markets Additional $600 million plus planned in New York State Green CHIPS and other State benefits over the 10-year term of the New York projects MALTA, N.Y. and ESSEX JUNCTION, Vt., Feb. 19, 2024 (GLOBE NEWSWIRE) -- The U.S. ...

GlobalFoundries (GFS) has delivered adjusted earnings of 64 cents per share in fourth-quarter 2023, beating the Zacks Consensus Estimate by 8.5%. However, the bottom line declined 56% on a year-over-year basis.Revenues of $1.85 million topped the Zacks Consensus Estimate by 0.2%. However, the top line dipped 12% year over year.Weakness across the smart mobile devices, communications infrastructure and datacenter, home and industrial IoT, and personal computing end-markets was a major concern.Wafer shipments ...

财务数据和关键指标变化 - 2023年第四季度收入为18.54亿美元,环比增长,但同比下降12% [37] - 2023年全年收入为74亿美元,同比下降9% [39] - 2023年第四季度毛利率为29%,位于指导范围的上端,包括与客户成功解决近期合同量调整相关的收入 [56] - 2023年全年毛利率为29.1%,同比提升70个基点 [58] - 2023年第四季度营业利润率为20.7%,同比提升约50个基点 [60] - 2023年全年营业利润率为18.5%,同比提升约70个基点 [60] - 2023年第四季度自由现金流为4.56亿美元,全年为3.21亿美元 [64][65] 各条业务线数据和关键指标变化 - 智能手机设备业务2023年第四季度收入占比41%,同比下降7% [41] - 智能手机设备业务2023年全年收入占比41%,同比下降19% [42] - 家用和工业物联网业务2023年第四季度收入占比17%,同比下降23% [43] - 家用和工业物联网业务2023年全年收入占比19%,同比下降6% [44] - 汽车业务2023年第四季度收入占比17%,同比增长177% [47][48] - 汽车业务2023年全年收入超过10亿美元,同比增长约180% [49] - 通信基础设施和数据中心业务2023年第四季度收入占比8%,同比下降63% [51] - 通信基础设施和数据中心业务2023年全年收入占比12%,同比下降39% [52] 各个市场数据和关键指标变化 - 公司正在与客户密切合作,支持加速库存消耗,同时努力保持长期协议的经济价值 [11][12] - 公司预计2024年上半年客户将通过渠道销售来消耗库存,下半年需求将改善 [14] - 公司预计2024年第一季度收入环比将有所增长 [32] 公司战略和发展方向及行业竞争 - 公司正在加快将新技术转移到位于美国的FAB 8工厂,以提供更多选择并提高利用率 [28] - 公司正在努力将产能重新调配到更持久和增长的细分市场,如汽车和智能手机设备 [28] - 公司认为其独特的全球制造足迹和持续创新技术平台将使其在行业竞争中保持优势 [97][98][99] 管理层对经营环境和未来前景的评论 - 2023年宏观经济和行业环境充满挑战,但公司在这种艰难环境下仍能交出出色的业绩 [9][10] - 公司预计2024年上半年客户将继续消耗库存,下半年需求有望改善,但仍存在不确定性 [14][31] - 公司有信心能够在2024年实现2-3倍于2023年的自由现金流增长 [34][136][137] - 公司长期看好半导体在世界中的作用不断加速,作为纯粹的晶圆代工厂,公司有独特的优势 [33] 问答环节重要的提问和回答 问题1 **Harlan Sur提问** 询问公司2024年的业务情况,特别是客户从公司的FinFET技术转向单位数纳米技术的影响 [76][77][78][79][80][81][82][83] **Thomas Caulfield回答** 公司将继续开发FinFET技术,并将新技术部署到FAB 8工厂,以提高产能灵活性和多样性 [82][83] 问题2 **Ross Seymore提问** 询问公司FinFET业务占比及政府补助计划的进展情况 [106][107][108][109][110][111][112][113][114] **Thomas Caulfield和David Reeder回答** FinFET业务占公司总收入约20-25%,公司正在加快将新技术部署到美国工厂,并积极利用政府补助计划带来的优势 [107][108][111][112][113][114] 问题3 **Krish Sankar提问** 询问公司2024年的销量和平均售价预期 [142][143][144] **John Hollister回答** 公司预计2024年销量和平均售价与2023年相当,将主要取决于产品组合的变化 [143][144]

GlobalFoundries Inc. (GFS) reported $1.85 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 11.8%. EPS of $0.64 for the same period compares to $1.44 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.85 billion, representing a surprise of +0.21%. The company delivered an EPS surprise of +8.47%, with the consensus EPS estimate being $0.59.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.47%. A quarter ago, it was expected that this company would post earnings of $0.50 per share when it actually produced earnings of $0.55, delivering a surprise of 10%.Over the last four quarters, the company ...

Fourth Quarter 2023 and Fiscal Year 2023 Financial Results (unaudited) February 13, 2024 Disclai ...

GlobalFoundries (GFS) is scheduled to report fourth-quarter 2023 results on Feb 13.For the fourth quarter, GFS expects revenues between $1.825 billion and $1.875 billion. The Zacks Consensus Estimate for sales is pegged at $1.85 billion, indicating a decline of 11.9% from the year-ago quarter’s reported value.The company anticipates earnings in the range of 53-64 cents per share. The consensus mark for the same is pegged at 59 cents per share, indicating a 59% fall from the previous-year quarter’s reported ...

GlobalFoundries Reports Fourth Quarter 2023 and Fiscal Year 2023 Financial Results Malta, New York, February 13, 2024 - GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023. Key Fourth Quarter Financial Highlights • Revenue of $1.854 billion. • Gross margin of 28.3% and adjusted gross margin(1) of 29.0%. • Operating margin of 16.3% and adjusted operating margin(1) of 20.7%. • Net income of $278 million and adjust ...

With the AI boom sending waves throughout the industry, microchip companies and their stocks are logging record profits and production. Nvidia (NASDAQ: NVDA) is the best example of this surge, as it continues to showcase new all-time highs almost every dayAnd with the new U.S. government funding on the way, microchip producers are set to receive billions more.NVDA’s industry rivals, such as Intel (NASDAQ: INTC) and Taiwan Semiconductor Manufacturing (NYSE: TSM), could be set to receive billions in subsidies ...