Globalfoundries Inc is a prominent semiconductor foundry that specializes in providing manufacturing services for integrated circuits
The company plays a crucial role in the global electronics supply chain, serving a wide range of clients in various sectors, including automotive, telecommunications, and consumer electronics. With advanced manufacturing capabilities, Globalfoundries focuses on the design and production of innovative semiconductor solutions, helping its customers bring cutting-edge technologies to market. The company is committed to delivering high-quality processes and services that meet the evolving demands of the technology landscape.
GlobalFoundries said that this facility will manufacture, process, package, and test its chips entirely onshore in the U.S., in line with the government’s efforts to attract companies to make crucial semiconductor chips in the country.
GlobalFoundries shares are trading higher on Friday after the company announced plans to create a new center for advanced packaging and testing of US-made essential chips.
First of-its-kind center will offer advanced packaging and test capabilities in New York for U.S.-made essential chips used in AI, automotive, aerospace and defense, and other applications
MALTA, N.Y., Jan. 08, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQGFS) today announced that it will host a conference call on Tuesday, February 11, 2025, at 8:30 a.m. ET following the release of the company’s fourth quarter and full-year 2024 financial results.
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GlobalFoundries secures $9.5M in funding from U.S. gov to advance production of GaN chips. GaN offers superior capabilities for high-performance, energy-efficient applications.
Semiconductor manufacturers like GlobalFoundries, Microchip Technologies, and Intel are down in the dumps in 2024 but expected to revert to growth in 2025.
This week's financial crimes include banned semiconductor wafer shipments to China, charges against online cash advance company Dave and the arrest of the alleged Snowflake hacker.
