Globalfoundries stock jumps on US govt's $1.5-billion grant to boost chip production
GFSGLOBALFOUNDRIES(GFS) Invezz·2024-02-20 20:31

Globalfoundries Inc (NASDAQ:GFS) closed at 53.38,markingasignificantpre−marketsurgeof53.38, marking a significant pre-market surge of 3.88. Pre-market trading tends to exhibit heightened volatility due to lower trading volume outside standard hours. US govt grant of 1.5billiontoGlobalfoundriesCopylinktosectionTherecentnewsoftheU.S.governmentawardinga1.5 billion to Globalfoundries Copy link to section The recent news of the U.S. government awarding a 1.5 billion grant to GlobalFoundaries to bolster semiconductor production and fortify the supply chain in the U.S. has impacted the stock’s trajectory. In addition to the sizable gr ...