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2023-06-29 14:36:06 ET Semiconductor stocks were mostly lower on Thursday as investors fretted about a recovery in the industry despite better-than-expected results from Micron Technology ( NASDAQ: MU ). Micron ( MU ) shares fell nearly 4.5% , bringing down stoc...
2023-06-28 11:27:33 ET Samsung ( OTCPK:SSNLF ) announced expansion plans for its semiconductor foundry unit on Wednesday, with an emphasis on leading edge processors. At the company's 7th annual Samsung Foundry Forum, the South Korean tech giant said it would start application...
2023-06-20 14:26:35 ET Summary GlobalFoundries is well-positioned in the semiconductor foundry market, focusing on specialty process technology and benefiting from its manufacturing locations in favorable jurisdictions. The company's future prospects highlight the potential for ge...
MALTA, N.Y., June 12, 2023 (GLOBE NEWSWIRE) -- Lockheed Martin (NYSE: LMT) and GlobalFoundries (Nasdaq: GFS) (GF) today announced a strategic collaboration to advance U.S. semiconductor manufacturing and innovation and to increase the security, reliability and resiliency of domestic supply chains...
PARIS, June 05, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (Nasdaq: GFS), a global leader in feature-rich semiconductor manufacturing, and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the c...
2023-05-30 09:00:46 ET Summary Nvidia Corporation's growth momentum may be about to falter. Its high-end GPUs have been driving revenue and EPS beats, but the adoption of Nvidia's new mainstream GPUs is not happening yet. Nvidia Corporation stock seems poised for a major corre...
MALTA, N.Y., May 30, 2023 (GLOBE NEWSWIRE) -- The U.S. Department of Defense (DoD), through the Defense Microelectronics Activity (DMEA), Trusted Access Program Office (TAPO), has accredited GlobalFoundries’ (Nasdaq: GFS) (GF) advanced manufacturing facility in Malta, New York, as a Catego...
2023-05-25 14:09:13 ET Nvidia ( NASDAQ: NVDA ) led chip stocks higher on Thursday with a 25% gain after the semiconductor giant posted first-quarter results and guidance that shocked Wall Street. A total of 21 Wall Street firms raised their price targets on Nvidia ( NV...
2023-05-24 10:00:00 ET Summary We continue to be sell-rated on GlobalFoundries as we continue to see headwinds in 2H23. Consistent with our expectations, GFS revenue growth decelerated in 1Q23, dropping 5% Y/Y and 12% sequentially as ASP increases didn’t offset weaker unit ...
2023-05-24 06:15:00 ET GlobalFoundries (NASDAQ: GFS) projects to be free-cash-flow positive this year, even with a semiconductor recovery happening slower than previously anticipated. Want to learn more about what GlobalFoundries' earnings revealed about the semiconductor mark...
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2024-07-17 14:11:54 ET Semiconductor stocks are having a rough time of things Wednesday, with shares of giants such as Taiwan Semiconductor Manufacturing (NYSE: TSM) falling more than 7% on worries of additional U.S. government interference with the chip market. One semicond...
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 I...
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...