Why GlobalFoundries Stock Soared 7% on Wednesday
GLOBALFOUNDRIES(GFS) The Motley Fool·2024-07-18 02:11
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 ...