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2023-08-08 17:49:06 ET Summary UMC beat estimates for Q2, but the latest report contained a number of troubling developments in several areas. UMC lowered its outlook once again due to demand coming in weaker than expected, in addition to hinting demand could fall even further. ...
2023-08-08 11:31:10 ET GlobalFoundries, Inc. (GFS) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Sam Franklin - Head, Capital Markets & VP IR Dr. Thomas Caulfield - CEO David Reeder - CFO Niels Anderskouv - Chief Business...
2023-08-08 07:01:23 ET GLOBALFOUNDRIES press release ( NASDAQ: GFS ): Q2 Non-GAAP EPS of $0.53 beats by $0.03 . Revenue of $1.85B (-7.0% Y/Y) beats by $20M . Shares -1.1% PM. Gross margin of 28.8% and adjusted gross margin ( 1) of 29.6%. Ope...
MALTA, New York, Aug. 08, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the second quarter ended June 30, 2023. Key Second Quarter Financial Highlights Revenue of $1,845 million. Gross margin of 28.8% and adjus...
2023-08-07 12:58:24 ET GLOBALFOUNDRIES ( NASDAQ: GFS ) is scheduled to announce Q2 earnings results on Tuesday, August 8th, before market open. The consensus EPS Estimate is $0.50 (-13.8% Y/Y) and the consensus Revenue Estimate is $1.83B (-8.0% Y/Y). Over the last 1 ye...
2023-08-06 08:01:00 ET The second week of August promises to be an eventful one for investors as a slew of major companies is set to report quarterly results. Among the headliners, Disney ( NYSE: DIS ) is prehaps the most well-known company due to report. The schedule also incl...
2023-08-03 09:45:14 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips The United States has positioned itself to be able to withstand shocks to the aggressive interest rate cycle by the Federal Reserve . Its economy is continuing to shape out as a &...
2023-07-25 13:43:34 ET The $47B Chips Act that the European Union provisionally passed in April has received final approval from the European Council, paving the way for the 27-country bloc to compete with the U.S. and Asia in the semiconductor industry. "The Chips Act aims to ...
2023-07-20 11:29:03 ET Taiwan Semiconductor ( NYSE: TSM ) lowered its revenue outlook for 2023 on Thursday, resulting in a steep sell-off for the semiconductor industry. Taiwan Semiconductor ( TSM ) shares fell 4.5% after the global foundry said it expects full-...
2023-07-18 07:50:22 ET Investment firm Bank of America made a number of ratings changes in the semiconductor space on Tuesday, upgrading Camtek ( NASDAQ: CAMT ) and downgrading Coherent ( NYSE: COHR ), MACOM Technology ( NASDAQ: MTSI ) and Lumentum ( NASDAQ: LITE...
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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...