NasdaqGS:GFSSemiconductor
GlobalFoundries (GFS) Is Down 5.7% After Renesas Deal, Buyback Launch, COO Exit - What's Changed
GlobalFoundries Inc. recently reported fourth-quarter 2025 sales of US$1,830 million with net income of US$199 million, announced a new share repurchase program of up to US$500 million over 12 months, and confirmed that President and COO Niels Anderskouv will resign in March 2026.
At the same time, GlobalFoundries and Renesas Electronics Corporation entered a multi‑billion‑dollar partnership aimed at securing long‑term chip supply for automotive and industrial customers using...