Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €73.48, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 38x in the Semiconductor industry in Germany. Total returns to shareholders of 46% over the past three years. Announcement • May 10
GLOBALFOUNDRIES Inc. Announces First-Ever Quarterly Dividend, Payable on July 14, 2026 GLOBALFOUNDRIES Inc. announced that its Board of Directors approved its first-ever quarterly dividend, marking a significant milestone for the company. The quarterly dividend will be $0.12 per share, which will be payable on July 14, 2026 to shareholders of record as of June 24, 2026. Announcement • May 07
GLOBALFOUNDRIES Inc. Provides Earnings Guidance for the Second Quarter of 2026 GLOBALFOUNDRIES Inc. provided earnings guidance for the second of 2026. For the second quarter, the company expects net revenue of $1,760 million ± $25 million. Diluted EPS of $0.30 ± $0.05. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: US$0.19 (vs US$0.38 in 1Q 2025) First quarter 2026 results: EPS: US$0.19 (down from US$0.38 in 1Q 2025). Revenue: US$1.63b (up 3.1% from 1Q 2025). Net income: US$103.0m (down 51% from 1Q 2025). Profit margin: 6.3% (down from 13% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 05
GlobalFoundries Introduces Scale Optical Module Solution For Co-Packaged Optics GlobalFoundries announced the introduction of its SCALE optical module solution for co-packaged optics. GF’s SCALE solution, or Silicon photonics Co-packaged Advanced Light Engine solution, is the industry’s first Optical Compute Interconnect Multi-Source Agreement (OCI MSA) capable platform, exceeding the requirements for the OCI MSA’s optical interconnect specification for modern AI scale-up architectures. Built with GF’s advanced silicon photonics technology, the SCALE CPO solution utilizes both coarse and dense wavelength-division multiplexing (CWDM, DWDM) for bi-directional data transmission over each optical fiber for significant improvements in bandwidth density and system scalability versus traditional copper interconnects. GF has already demonstrated 8 and 16 bi-directional DWDM natively on its platform, a fundamental technology milestone that uniquely positions GF to support the industry’s shift to CPO and accelerate the adoption of optical scale-up interconnects. GF’s SCALE CPO solution and silicon photonics technology offer an advanced portfolio of fully-qualified photonic devices, such as 50Gbps and 100Gbps micro-ring modulators, coupled ring resonators and integrated photodiodes. Additional features include through silicon vias (TSVs) for high-speed signaling and power delivery and copper pad pitches ranging from 110µm down to sub-45µm for 2.5D/3D stacking from organic substrates to silicon interposers, enabling customers to move quickly from design to volume production. The platform integrates electrical ICs on single-digit advanced nodes, enabling optimization between best-in-class compute and optics without compromising performance. While GF offers multiple fiber-attach approaches, the SCALE solution leverages broadband detachable fibers with flat insertion loss over the CWDM spectrum to future-proof scaling from 4 in each direction to 8 and beyond, while still enabling serviceability and known-good-die testability for next-generation AI interconnects. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €62.97, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 40x in the Semiconductor industry in Germany. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €30.53 per share. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €49.80, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 35x in the Semiconductor industry in Germany. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.80 per share. Buy Or Sell Opportunity • Apr 08
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to €40.96. The fair value is estimated to be €32.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Announcement • Mar 31
GLOBALFOUNDRIES Inc. to Report Q1, 2026 Results on May 05, 2026 GLOBALFOUNDRIES Inc. announced that they will report Q1, 2026 results on May 05, 2026 Buy Or Sell Opportunity • Mar 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to €40.12. The fair value is estimated to be €33.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Announcement • Mar 10
GlobalFoundries Inc. Announces Availability Of AutoPro150 EMRAM Technology On Enhanced FDX Platform For Advanced Automotive Applications GlobalFoundries Inc. announced the availability of Auto Grade 1 ready embedded magnetic RAM (eMRAM) technology on the company’s ultra-low power FDX platform, a key enhancement to GF’s portfolio of non-volatile memory (eNVM) technologies and AutoPro platform of automotive-ready solutions. The new FDX+AutoPro150 eMRAM technology delivers essential advantages over competitive industry grade memories, including proven endurance up to 500k cycles, sub-10 nanosecond read speed, and superior scalability for larger memory density. The technology is designed to address known magnetic field effects and qualified for reliable operation in harsh environments up to 150°C, enabling high-performance, system-on-chip (SoC) solutions that meet the demands of critical automotive applications. On-chip integration with GF’s enhanced FDX platform, manufactured in both Germany and the U.S., enables compact and versatile designs with exceptional energy efficiency and security. eMRAM technology is widely used by Tier 1 OEMs for microcontroller units in software-defined vehicles (SDVs) and advanced driver assistance systems (ADAS), enabling real-time processing for safety-critical functions and over-the-air updates for improved user experience with reduced downtime. As Physical AI systems continue to advance and scale, eMRAM’s fast access times and low power consumption enable future-proof designs for self-learning entities, including autonomous vehicles and humanoid robots. A process design kit for FDX+AutoPro150 eMRAM is available through GF’s self-service GF Connect portal to help jumpstart the design process. Volume production is slated for the second half of 2026 through GF’s manufacturing site in Dresden, driven by several key customer engagements. New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Mar 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to €39.99. The fair value is estimated to be €33.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €40.62, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 27x in the Semiconductor industry in Germany. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.08 per share. Buy Or Sell Opportunity • Feb 12
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to €41.03. The fair value is estimated to be €33.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Feb 05
GLOBALFOUNDRIES Inc. Appoints Samer Halawa As Board Member And Strategy & Investment Committee Member, Effective February 3, 2026 GLOBALFOUNDRIES Inc. announced that on February 3, 2026, the Board of Directors elected Samer Halawa as a new member of the Board and of the Board's Strategy & Investment Committee. Mr. Halawa is currently the Chief Legal Officer of Mubadala Investment Company, the Company's majority shareholder. Mr. Halawa will serve as a Class III director, with an initial term expiring at the Company's 2027 annual general meeting of shareholders. Mr. Halawa was elected as a member of the Board as a Mubadala nominee pursuant to the Shareholder's Agreement between the Company and Mubadala. Announcement • Jan 15
Globalfoundries Appoints Ganesh Moorthy to Board of Directors, Effective from January 15, 2026 GlobalFoundries announced the appointment of Ganesh Moorthy to its board of directors. Mr. Moorthy, former president and CEO of Microchip Technology Inc., joins GF’s Board, effective from January 15, 2026. Mr. Moorthy brings more than four decades of experience in the semiconductor industry, including transformative leadership at Microchip Technology, where he served as CEO, president and board member until his retirement in November 2024. He was appointed CEO and president in March 2021 and joined Microchip’s Board of Directors in January 2021. Prior to that, he held senior leadership roles at Microchip including COO and executive vice president. Earlier in his career, Mr. Moorthy spent 19 years at Intel in engineering and executive leadership positions, building deep expertise across manufacturing, product innovation and customer-driven execution. Currently, Mr. Moorthy serves as Chair of the Board of Ralliant, a global precision technologies company essential for breakthrough innovation in an electrified and digital world. He also serves on the Board of Directors of Celanese, SiTime and Ayar Labs, a leader in optical interconnect solutions for large-scale AI workloads. Previously, he served for over a decade on the board of Rogers, a global leader in engineered materials.Mr. Moorthy’s appointment reinforces GF’s commitment to advance its long-term growth strategy through a resilient manufacturing footprint that delivers power-efficient, differentiated technologies to customers worldwide. Announcement • Jan 07
GlobalFoundries Inc. to Report Q4, 2025 Results on Feb 11, 2026 GlobalFoundries Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 11, 2026 Buy Or Sell Opportunity • Jan 06
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to €33.69. The fair value is estimated to be €26.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 11
GlobalFoundries Inc. Appoints Sam Franklin as Chief Financial Officer, Effective December 10, 2025 GlobalFoundries Inc. announced that its Board of Directors has appointed Sam Franklin as Chief Financial Officer, effective December 10, 2025. Mr. Franklin previously served as Senior Vice President of Business Finance & Operations and Investor Relations and recently Interim CFO. Franklin brings extensive financial leadership experience and a proven track record of driving operational excellence and strategic growth. He joined GF in 2022 and has held senior roles overseeing finance operations, business finance, investor relations, capital markets and treasury. His deep understanding of GF’s business and commitment to disciplined financial management position him to lead the company’s finance and operations organization as GF continues to execute its long-term strategy. Buy Or Sell Opportunity • Dec 05
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at €33.75. The fair value is estimated to be €27.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Meanwhile, the company became loss making. Announcement • Nov 18
GlobalFoundries Inc. (NasdaqGS:GFS) acquired Advanced Micro Foundry Pte Ltd. GlobalFoundries Inc. (NasdaqGS:GFS) acquired Advanced Micro Foundry Pte Ltd. on November 17, 2025.
GlobalFoundries Inc. (NasdaqGS:GFS) completed the acquisition of Advanced Micro Foundry Pte Ltd. on November 17, 2025. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: US$0.45 (vs US$0.32 in 3Q 2024) Third quarter 2025 results: EPS: US$0.45 (up from US$0.32 in 3Q 2024). Revenue: US$1.69b (down 2.9% from 3Q 2024). Net income: US$248.0m (up 40% from 3Q 2024). Profit margin: 15% (up from 10% in 3Q 2024). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Announcement • Nov 12
GlobalFoundries Inc. Provides Earnings Guidance for the Fourth Quarter of 2025 GlobalFoundries Inc. provided earnings guidance for the fourth quarter of 2025. For the quarter, the company expects net revenue of $1,800 million plus or minus $25 million, and Diluted EPS of $0.35 plus or minus $0.05. Announcement • Oct 28
GlobalFoundries Inc. Announces Chief Financial Officer Changes GlobalFoundries Inc. announced that, effectively October 27, 2025, John Hollister, GF’s Chief Financial Officer, is leaving the company for personal reasons. Sam Franklin, GF’s Senior Vice President of Business Finance, Operations and Investor Relations, will assume the position of Interim Chief Financial Officer while the company conducts a search for a permanent CFO. Mr. Franklin is an experienced financial leader, with over 18 years in corporate finance, investment management and investment banking, and has been with GF since 2022. He brings deep institutional knowledge and extensive expertise to the role. During his Senior Vice President roles at GF, Sam’s responsibilities have included Finance Operations, Business Finance, Investor Relations, Capital Markets and Treasury. Previously, he was a Senior Vice President at Mubadala Investment Company with financial responsibilities for the Direct Investments group. Announcement • Oct 08
GlobalFoundries Inc. to Report Q3, 2025 Results on Nov 12, 2025 GlobalFoundries Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 12, 2025 Announcement • Aug 14
GlobalFoundries Inc. (NasdaqGS:GFS) acquired MIPS Tech LLC. GlobalFoundries Inc. (NasdaqGS:GFS) entered into a definitive agreement to acquire MIPS Tech LLC on July 8, 2025. Following the transaction, MIPS will continue to operate as a standalone business within GlobalFoundries.
The transaction is subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approvals. The expected completion of the transaction is in the second half of 2025. Sean Skiffington, Clare O’Brien of A&O Shearman acted as legal advisor to GlobalFoundries Inc. Evercore Group L.L.C. acted as financial advisor to GlobalFoundries Inc. Needham & Company, LLC acted as financial advisor to MIPS Tech LLC.
GlobalFoundries Inc. (NasdaqGS:GFS) completed the acquisition of MIPS Tech LLC on August 8, 2025. MIPS is expected to continue to operate as a standalone business within GF, maintaining its licensing model and focusing on serving a broad customer base across diverse technology sectors. Buy Or Sell Opportunity • Aug 12
Now 22% overvalued Over the last 90 days, the stock has fallen 13% to €28.13. The fair value is estimated to be €23.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: US$0.41 (vs US$0.28 in 2Q 2024) Second quarter 2025 results: EPS: US$0.41 (up from US$0.28 in 2Q 2024). Revenue: US$1.69b (up 3.4% from 2Q 2024). Net income: US$228.0m (up 47% from 2Q 2024). Profit margin: 14% (up from 9.5% in 2Q 2024). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Aug 05
Globalfoundries Inc. Provides Earnings Guidance for the Third Quarter of 2025 GlobalFoundries Inc. provided earnings guidance for the third quarter of 2025. For the quarter, the company expects net revenue of $1,675 million plus or minus $25 million, Diluted EPS of $0.28 plus or minus $0.05. Announcement • Jul 09
GlobalFoundries Inc. (NasdaqGS:GFS) entered into a definitive agreement to acquire MIPS Tech LLC. GlobalFoundries Inc. (NasdaqGS:GFS) entered into a definitive agreement to acquire MIPS Tech LLC on July 8, 2025. Following the transaction, MIPS will continue to operate as a standalone business within GlobalFoundries.
The transaction is subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approvals. The expected completion of the transaction is in the second half of 2025. Sean Skiffington, Clare O’Brien of A&O Shearman acted as legal advisor to GlobalFoundries Inc. Announcement • Jul 02
GlobalFoundries Inc. to Report Q2, 2025 Results on Aug 05, 2025 GlobalFoundries Inc. announced that they will report Q2, 2025 results on Aug 05, 2025 Announcement • Jun 20
GlobalFoundries Inc., Annual General Meeting, Jul 29, 2025 GlobalFoundries Inc., Annual General Meeting, Jul 29, 2025. Location: 140 east 45th street, 41s` floor, new york 10017, new york United States Reported Earnings • May 07
First quarter 2025 earnings released: EPS: US$0.38 (vs US$0.24 in 1Q 2024) First quarter 2025 results: EPS: US$0.38 (up from US$0.24 in 1Q 2024). Revenue: US$1.59b (up 2.3% from 1Q 2024). Net income: US$210.0m (up 58% from 1Q 2024). Profit margin: 13% (up from 8.6% in 1Q 2024). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • May 06
GlobalFoundries Inc. Provides Earnings Guidance for the Second Quarter of 2025 GlobalFoundries Inc. provided earnings guidance for the second quarter of 2025. For the quarter, the company expects net revenue of $1,675 million plus or minus $25 million, Diluted EPS of $0.27 plus or minus $0.06. Buy Or Sell Opportunity • Apr 03
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at €31.26. The fair value is estimated to be €40.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Camilla Languille was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 22
Full year 2024 earnings released: US$0.48 loss per share (vs US$1.85 profit in FY 2023) Full year 2024 results: US$0.48 loss per share (down from US$1.85 profit in FY 2023). Revenue: US$6.75b (down 8.7% from FY 2023). Net loss: US$265.0m (down 126% from profit in FY 2023). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Feb 06
GlobalFoundries Inc. Announces Chief Executive Officer Changes, Effective April 28, 2025 GlobalFoundries Inc. announced following a rigorous succession planning process, its Board of Directors has appointed Tim Breen as Chief Executive Officer. Breen, who has been with GF since 2018, and is currently Chief Operating Officer (COO), succeeds Caulfield. With a strong foundation in place, this leadership transition positions GF to accelerate its next phase of growth. These changes will become effective April 28, 2025. Caulfield became President and CEO of GF in 2018. During his tenure he repositioned the technology portfolio to focus on differentiated, essential chips and steered the company to sustainable profitability. In 2021, he spearheaded GF’s IPO. Amid a global chip shortage, he focused on building resilient supply chains, investing in new manufacturing capacity and forging partnerships with key customers and governments. Breen oversees the company’s global operations, including the manufacturing, quality, supply chain and IT teams, based in New York. Prior to becoming COO in 2023, he served in various senior executive roles encompassing strategy, business transformation and finance as a close partner and advisor to the CEO since 2018. Prior to joining GF, Breen was a senior member of the executive team at Mubadala Investment Company where he led global projects and investments across numerous sectors from energy and industrials to consumer and life sciences, including contributing to the creation of several multi-billion-dollar companies. He has also served on the board of several public and private companies, including his current position of Chairman of NOVA Chemicals. Earlier in his career, after graduating from the London Business School, he was a partner at McKinsey & Company. Announcement • Feb 05
Globalfoundries Inc. Announces Management Changes, Effective April 28, 2025 GlobalFoundries announced its Board of Directors has appointed Dr. Thomas Caulfield as Executive Chairman and Tim Breen as Chief Executive Officer. Caulfield succeeds Ahmed Yahia who will step down from the Board and his role as Chairman after more than a decade in the position. Breen, who has been with GF since 2018, and is currently Chief Operating Officer (COO), succeeds Caulfield. In addition, Niels Anderskouv, currently GF’s Chief Business Officer, has been appointed GF’s President and COO. With a strong foundation in place, this leadership transition positions GF to accelerate its next phase of growth. These changes will become effective April 28, 2025. Caulfield became President and CEO of GF in 2018. During his tenure he repositioned the technology portfolio to focus on differentiated, essential chips and steered the company to sustainable profitability. In 2021, he spearheaded GF’s IPO. Amid a global chip shortage, he focused on building resilient supply chains, investing in new manufacturing capacity and forging partnerships with key customers and governments. Breen oversees the company’s global operations, including the manufacturing, quality, supply chain and IT teams, based in New York. Prior to becoming COO in 2023, he served in various senior executive roles encompassing strategy, business transformation and finance as a close partner and advisor to the CEO since 2018. Prior to joining GF, Breen was a senior member of the executive team at Mubadala Investment Company where he led global projects and investments across numerous sectors from energy and industrials to consumer and life sciences, including contributing to the creation of several multi-billion-dollar companies. He has also served on the board of several public and private companies, including his current position of Chairman of NOVA Chemicals. Earlier in his career, after graduating from the London Business School, he was a partner at McKinsey & Company. Anderskouv joined GF as Chief Business Officer in 2023 with responsibilities for leading GF’s product and technology roadmap, business and commercial strategy as well as the company’s go-to-market execution. He brings more than 25 years of experience in engineering, manufacturing, executive management and global leadership in the semiconductor industry. Prior to joining GF, he served as Senior Vice President and Executive Officer at Texas Instruments, where he was responsible for the company’s multi-billion-dollar Analog Power business. Anderskouv holds a Master of Science in Electrical Engineering from the Technical University of Denmark (DTU) in Copenhagen. Announcement • Jan 08
GlobalFoundries Inc. to Report Q4, 2024 Results on Feb 11, 2025 GlobalFoundries Inc. announced that they will report Q4, 2024 results on Feb 11, 2025 Announcement • Jan 02
GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters GlobalFoundries and IBM announced that the two companies have reached a settlement in their ongoing lawsuits, resolving all litigation matters, inclusive of breach of contract, trade secrets and intellectual property claims between the two companies. This settlement marks the end of an ongoing legal dispute and allows the companies to explore new opportunities for collaboration in areas of mutual interest. The details of the settlement are confidential and both parties have expressed satisfaction with the outcome. Announcement • Nov 20
GlobalFoundries and U.S. Department of Commerce Announce Award Agreement on CHIPS Act Funding for Essential Chip Manufacturing GlobalFoundries (GF) and the U.S. Department of Commerce have announced an award of up to $1.5 billion in direct funding to GF through the CHIPS and Science Act. The award follows the previously signed preliminary memorandum of terms announced in February 2024 and will enable GF to expand its essential chip manufacturing and technology development in the U.S., strengthening supply chains and supporting customers across a range of vital end-markets including automotive, smart mobile devices, IoT, datacenters, and aerospace and defense. GF’s CHIPS and Science Act award will support three projects: · Expansion of GF’s existing Malta, New York, fab by adding critical technologies already in production at GF’s Singapore and Germany facilities, to enable a secure and reliable supply of domestically manufactured essential chips for the U.S. auto industry. · Modernization and upgrading of GF’s existing fab in Essex Junction, Vermont, to expand production capacity and create one of the facilities capable of high-volume manufacturing of next-generation gallium nitride (GaN) semiconductors for use in electric vehicles, data centers, IoT, smartphones and other critical applications. · In alignment with market conditions and customer demand, construction of a new fab on GF’s Malta, New York, campus to meet expected demand for U.S.-made essential chips across a broad range of markets and applications including automotive, AI in the data center and at the edge, as well as aerospace and defense. The two New York-based projects are expected to triple the existing capacity of GF’s Malta campus over the next 10-plus years, in alignment with expected market requirements and customer demand. Construction of the new fab will leverage the GF site’s existing infrastructure and ecosystem, enabling a fast and efficient path from construction to production. In aggregate, these projects represent more than $13 billion of investment over the next 10-plus years across GF’s two U.S. sites. This investment includes the $1.5 billion CHIPS and Science Act award, more than $550 million in support from the New York State Green CHIPS Program, as well as funding and support from Vermont, GF ecosystem partners and key strategic customers, and other incentives. Combined, these investments are expected to create close to 1,000 direct manufacturing jobs and more than 9,000 construction jobs over the life of these projects. GF’s fabs in New York and Vermont are both Trusted Foundry accredited and manufacture secure chips in partnership with the U.S. government. As part of its CHIPS and Science Act award, to attract and cultivate a pipeline of semiconductor talent in New York and Vermont, GF will continue to invest in and develop new workforce development efforts including curriculum development, internship and apprenticeship programs, K-12 STEM outreach, as well as additional education and training programs. Consistent with GF’s longstanding commitment to communities and the environment, GF’s design and construction plans for its expansions and modernizations in New York and Vermont will reflect the company’s sustainability goals for future operations. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €39.92, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.07 per share. Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: US$0.32 (vs US$0.45 in 3Q 2023) Third quarter 2024 results: EPS: US$0.32 (down from US$0.45 in 3Q 2023). Revenue: US$1.74b (down 6.1% from 3Q 2023). Net income: US$177.0m (down 29% from 3Q 2023). Profit margin: 10% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Oct 07
GlobalFoundries Inc. to Report Q3, 2024 Results on Nov 05, 2024 GlobalFoundries Inc. announced that they will report Q3, 2024 results on Nov 05, 2024 Announcement • Sep 11
Globalfoundries Inc. Announces Board Changes On September 8, 2024, the board of directors (the "Board") of GLOBALFOUNDRIES Inc. elected Camilla Languille as a new member of the Board and of each of the Board's People and Compensation Committee and Strategy and Technology Committee. Ms. Languille is currently the Co-Deputy Chief Executive Officer of Mubadala Investment Company’s Direct Investments platform ("Mubadala"), the Company's majority shareholder. Ms. Languille will serve as a Class I director, with an initial term expiring at the Company's 2025 annual general meeting of shareholders. Ms. Languille was elected as a member of the Board to replace Ahmed Saeed Al Calily as a Mubadala nominee pursuant to the Shareholder's Agreement between the Company and Mubadala. Mr. Al Calily’s resignation is effective on the same day and was not due to any disagreement between Mr. Al Calily and the Company on any matter related to the operations, policies or practices of the Company. Ms. Languille’s compensation for her role as a director on the Board will be the same as the compensation paid to each other non-employee director for their service on the Board. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.28 (vs US$0.43 in 2Q 2023) Second quarter 2024 results: EPS: US$0.28 (down from US$0.43 in 2Q 2023). Revenue: US$1.63b (down 12% from 2Q 2023). Net income: US$155.0m (down 35% from 2Q 2023). Profit margin: 9.5% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Announcement • Jul 09
GlobalFoundries Inc. to Report Q2, 2024 Results on Aug 06, 2024 GlobalFoundries Inc. announced that they will report Q2, 2024 results on Aug 06, 2024 Announcement • Jun 22
GLOBALFOUNDRIES Inc., Annual General Meeting, Jul 30, 2024 GLOBALFOUNDRIES Inc., Annual General Meeting, Jul 30, 2024. Location: 140 east 45lh street, 41s` floor, new york 10017., new york United States Announcement • May 24
GLOBALFOUNDRIES Inc. has completed a Follow-on Equity Offering in the amount of $950 million. GLOBALFOUNDRIES Inc. has completed a Follow-on Equity Offering in the amount of $950 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,719,212
Price\Range: $50.75 Announcement • May 23
GLOBALFOUNDRIES Inc. has filed a Follow-on Equity Offering. GLOBALFOUNDRIES Inc. has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 950,000,000 Announcement • May 09
GLOBALFOUNDRIES Inc. Provides Earnings Guidance for the Second Quarter of 2024 GLOBALFOUNDRIES Inc. provided earnings guidance for the second quarter of 2024. For the quarter, the company expects Net revenue of $1,590 million - $1,640 million, Operating profit of $94 million - $168 million, Net income of $78 million - $146 million, Net income margin (mid-point) of 6.9%, and Diluted EPS of $0.14 - $0.26. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: US$1.85 (vs US$2.69 in FY 2022) Full year 2023 results: EPS: US$1.85 (down from US$2.69 in FY 2022). Revenue: US$7.39b (down 8.8% from FY 2022). Net income: US$1.02b (down 30% from FY 2022). Profit margin: 14% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Board Change • Apr 15
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Bobby Yerramilli-Rao was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 06
GLOBALFOUNDRIES Inc. to Report Q1, 2024 Results on May 07, 2024 GLOBALFOUNDRIES Inc. announced that they will report Q1, 2024 results on May 07, 2024 Announcement • Feb 20
The U.S. Department of Commerce Announces $1.5 Billion in Planned Direct Funding for GlobalFoundries Inc The U.S. Department of Commerce announced $1.5 billion in planned direct funding for GlobalFoundries as part of the U.S. CHIPS and Science Act. This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets. New York-headquartered GF, celebrating its 15th year of operations, is the only U.S.-based pure play foundry with a global manufacturing footprint including facilities in the U.S., Europe, and Singapore. GF is the first semiconductor pure play foundry to receive a major award (over $1.5 billion) from the CHIPS and Science Act, designed to strengthen American semiconductor manufacturing, supply chains and national security. The proposed funding will support three GF projects: Expansion of GF’s existing Malta, NY, fab by adding critical technologies already in production in GF’s Singapore and Germany facilities geared towards enabling the U.S. auto industry. As vehicles transition from mechanical to electronic systems, the number of semiconductor chips in each car or truck continues to soar. This expansion is key to ensuring supply chain resilience for the growing demand and to delivering for GF’s automotive customers including General Motors. This will continue to diversify GF’s Malta fab into new technologies and end markets. Construction of a new fab on the Malta campus to meet expected customer demand for U.S.-made essential chips across a broad range of markets and applications including automotive, aerospace, defense and AI. The new fab, which has already been granted some necessary permitting, will leverage the site’s existing infrastructure and ecosystem, enabling a fast and efficient path from construction to production. The semiconductor market is expected to double over the next decade, and GF’s new fab will be uniquely positioned to capture the mature, essential chip segment which is expected to continue to represent more than 60% of the semiconductor market. Construction of this new fab combined with expansion of GF’s existing site is expected to triple the existing capacity of the Malta campus over the next 10+ years. These two projects are expected to increase wafer production to 1 million per year once all phases are complete. Modernization of GF’s longest continuously operated fab and the nation’s first and largest Trusted 200mm facility in Essex Junction, Vermont. The project will upgrade existing facilities, expand capacity as well as create the first U.S. facility capable of high-volume manufacturing of next-generation gallium nitride (GaN) semiconductors for use in electric vehicles, power grids, data centers, 5G and 6G smartphones and other critical technologies. Based on market requirements and demand, GF plans to invest more than $12 billion over the next 10 plus years across its two U.S. sites through public-private partnerships with support from the federal and state governments as well as from its ecosystem partners, including key strategic customers. In support of the two Malta, New York projects, Governor Hochul announced $575 million in planned direct funding for New York State Green CHIPS. Also announced was $15 million in planned funding for NYS Workforce Development activities for GlobalFoundries as well as $30 million in planned funding for NYS Infrastructure upgrades and Energy incentives provided by the New York Power Authority (NYPA). Combined, these investments are expected to create over 1,500 manufacturing jobs and about 9,000 construction jobs over the life of these projects. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: US$1.85 (vs US$2.69 in FY 2022) Full year 2023 results: EPS: US$1.85 (down from US$2.69 in FY 2022). Revenue: US$7.39b (down 8.8% from FY 2022). Net income: US$1.02b (down 30% from FY 2022). Profit margin: 14% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Announcement • Jan 09
GLOBALFOUNDRIES Inc. to Report Q4, 2023 Results on Feb 13, 2024 GLOBALFOUNDRIES Inc. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 13, 2024 Board Change • Dec 22
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Bobby Yerramilli-Rao was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 11
GLOBALFOUNDRIES Inc. Announces Chief Financial Officer Changes, Effective February 5, 2024 GlobalFoundries Inc. announced that John Hollister will join the company as Chief Financial Officer (CFO), effective February 5, 2024. Hollister, will be responsible for GF’s financial strategy and will lead the company’s global finance organization. Hollister joins GF from Silicon Labs where he has served as Senior Vice President and CFO for more than 10 years helping to lead the company’s growth in the broad-based semiconductor and Internet of Things (IoT) markets. He has been with Silicon Labs for nearly 20 years and held a variety of key financial management positions. He also served as Vice President of Manufacturing for Silicon Labs’ Asia Operations, based in Singapore for five years and later served as Vice President of Corporate Development, driving the company's IoT acquisition strategy. Prior to joining Silicon Labs, Hollister served as Vice President of Finance at Cicada Semiconductor and held various finance positions at Cirrus Logic, Veritas DGC, and 3-D Geophysical. Hollister began his career in the audit practice of PricewaterhouseCoopers LLP and has been an active CPA for nearly 30 years. He holds a master’s degree in professional accounting from the University of Texas at Austin. Hollister succeeds David Reeder who announced his intentions to leave GF earlier this year. Both John and David will transition to their new roles in early February 2024. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$0.45 (vs US$0.62 in 3Q 2022) Third quarter 2023 results: EPS: US$0.45 (down from US$0.62 in 3Q 2022). Revenue: US$1.85b (down 11% from 3Q 2022). Net income: US$249.0m (down 26% from 3Q 2022). Profit margin: 13% (down from 16% in 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Announcement • Nov 08
GLOBALFOUNDRIES Inc. Provides Earnings Guidance for the Fourth Quarter of 2023 GLOBALFOUNDRIES Inc. provided earnings guidance for the fourth quarter of 2023. For the quarter, the company expects Net revenue in the range of $1,825 million - $1,875 million, Operating Profit in the range of $277 million - $349 million, Net Income in the range of $246 million - $318 million and Diluted EPS in the range of $0.44 - $0.57. Announcement • Oct 19
GLOBALFOUNDRIES Inc. Awards $35 Million Funding from U.S. Government to Accelerate Manufacturing of Next-Generation Gan Chips GlobalFoundries (GF) has been awarded $35 million in federal funding from the U.S. government to accelerate the manufacturing of GF’s differentiated gallium nitride (GaN) on silicon semiconductors at its facility in Essex Junction, Vermont. This funding brings GF closer to large-scale production of GaN chips, which are unique in their ability to handle high voltages and temperatures. These chips are positioned to enable game-changing performance and efficiency in 5G and 6G cellular communications for infrastructure and handsets, automotive and industrial Internet of things (IoT), as well as power grids and other critical infrastructure. With the new $35 million in funding, awarded by the Department of Defense’s Trusted Access Program Office (TAPO), GF plans to purchase additional tools to expand development and prototyping capabilities, moving closer to at-scale 200mm GaN-on-silicon semiconductor manufacturing. As part of the investment, GF plans to implement new capabilities for reducing the exposure of GF and its customers to supply chain constraints of gallium, while improving the speed of development, assurance of supply and competitiveness of U.S-made GaN chips. The funding builds on years of collaboration with the U.S. government – including $40 million in support from 2020-2022 – that leverages the talent of GF's Vermont team and their 200mm semiconductor manufacturing experience, and applies it to GaN-on-silicon manufacturing. 200mm is state-of-the-art for GaN chip technology. GF’s facility in Essex Junction, Vermont, near Burlington, was among the first major semiconductor manufacturing sites in the United States. Around 1,800 GF employees work at the site. Built on GF’s differentiated technologies, these GF-made chips are used in smartphones, automobiles, and communications infrastructure applications around the world. The facility is a DMEA accredited Trusted Foundry and manufactures secure chips in partnership with the U.S. Department of Defense, for use in some of the nation’s most sensitive aerospace and defense systems. Announcement • Oct 05
GLOBALFOUNDRIES Inc. to Report Q3, 2023 Results on Nov 07, 2023 GLOBALFOUNDRIES Inc. announced that they will report Q3, 2023 results on Nov 07, 2023 Board Change • Aug 30
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Bobby Yerramilli-Rao was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 09
Globalfoundries Inc. Provides Earnings Guidance for the Third Quarter of 2023 GLOBALFOUNDRIES Inc. provided earnings guidance for the third quarter of 2023. For the quarter, the company expects net revenue to be in the range of $1,825 million - $1,870 million, operating profit to be in the range of $227 million - $287 million, net income to be in the range of $204 million - $262 million and diluted EPS to be in the range of $0.37 - $0.47. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: US$0.43 (vs US$0.49 in 2Q 2022) Second quarter 2023 results: EPS: US$0.43 (down from US$0.49 in 2Q 2022). Revenue: US$1.85b (down 7.4% from 2Q 2022). Net income: US$240.0m (down 9.1% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Semiconductor industry in Germany. Announcement • Jul 12
GlobalFoundries Announces CFO Changes GlobalFoundries announced that Tim Stone and GF have agreed that he will not assume his duties as CFO for GF and will depart the company effective July 11th. David Reeder will remain as GF's CFO through the end of the year, to support the selection of a new CFO and ensure an orderly transition to new financial leadership. Announcement • Jul 06
GLOBALFOUNDRIES Inc. to Report Q2, 2023 Results on Aug 08, 2023 GLOBALFOUNDRIES Inc. announced that they will report Q2, 2023 results on Aug 08, 2023 Board Change • Jun 26
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Bobby Yerramilli-Rao was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 24
GLOBALFOUNDRIES Inc., Annual General Meeting, Aug 02, 2023 GLOBALFOUNDRIES Inc., Annual General Meeting, Aug 02, 2023, at 08:00 US Eastern Standard Time. Location: Greenberg Traurig LLP, One Vanderbilt Avenue, 29th Floor New York New York United States Agenda: To elect the below nominees as Class II directors of the Company, each to serve for a three-year term, or until such person resigns or is removed in accordance with the terms of the Company's Amended and Restated Memorandum and Articles of Association: Martin L. Edelman, David Kerko, Jack Lazar, Carlos Obeid; to ratify the appointment of KPMG LLP as company's independent public accounting firm for 2023; and to consider and act upon such other business as may properly come before the AGM or any adjournment or postponement. Reported Earnings • Apr 17
Full year 2022 earnings released: EPS: US$2.69 (vs US$0.49 loss in FY 2021) Full year 2022 results: EPS: US$2.69 (up from US$0.49 loss in FY 2021). Revenue: US$8.11b (up 23% from FY 2021). Net income: US$1.45b (up US$1.70b from FY 2021). Profit margin: 18% (up from net loss in FY 2021). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Semiconductor industry in Germany. Announcement • Feb 15
GLOBALFOUNDRIES Inc. Provides Earnings Guidance for the First Quarter of 2023 GLOBALFOUNDRIES Inc. provided earnings guidance for the first quarter of 2023. For the quarter, on IFRS basis, the company expects net revenue to be in the range of $1,810 million to $1,850 million, operating profit to be in the range of $233 million to $282 million, net income to be in the range of $202 million to $257 million and diluted EPS to be in the range of $0.36 to $0.46. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: US$2.69 (vs US$0.49 loss in FY 2021) Full year 2022 results: EPS: US$2.69 (up from US$0.49 loss in FY 2021). Revenue: US$8.11b (up 23% from FY 2021). Net income: US$1.45b (up US$1.70b from FY 2021). Profit margin: 18% (up from net loss in FY 2021). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Semiconductor industry in Germany. Announcement • Jan 07
GLOBALFOUNDRIES Inc. to Report Q4, 2022 Results on Feb 14, 2023 GLOBALFOUNDRIES Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 14, 2023 Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: US$0.62 (vs US$0.012 in 3Q 2021) Third quarter 2022 results: EPS: US$0.62 (up from US$0.012 in 3Q 2021). Revenue: US$2.07b (up 22% from 3Q 2021). Net income: US$337.0m (up US$331.0m from 3Q 2021). Profit margin: 16% (up from 0.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Semiconductor industry in Germany. Announcement • Nov 22
GlobalFoundries Appoints Ashlie Wallace as Senior Vice President of Global Supply Chain, Effective November 28, 2022 GlobalFoundries announced the appointment of Ashlie Wallace as Senior Vice President of Global Supply Chain, effective November 28, 2022. In this role, Ms. Wallace will spearhead GF's global supply chain operations including logistics, supply planning, sourcing, and procurement to drive operational efficiency that will support the company's continued growth. With more than 15 years of experience in technology procurement and supply chain management, Ms. Wallace was most recently Vice President of Services Supply Chain and Global Logistics for Cisco, responsible for global logistics operations and the service supply chain. Prior to Cisco, Ms. Wallace served in various leadership positions at Dell Technologies including Vice President of Global Server Procurement and Vice President of Global Inventory Management. Ms. Wallace earned her Master of Business Administration from University of California, Los Angeles and received a Bachelor of Arts in International Studies from Texas State University. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Bobby Yerramilli-Rao was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
GLOBALFOUNDRIES Inc. Provides Earnings Guidance for the Fourth Quarter of 2022 GLOBALFOUNDRIES Inc. provided earnings guidance for the fourth quarter of 2022. For the quarter, on IFRS basis, the company expects net revenue to be in the range of $2,050 million to $2,100 million, operating profit to be in the range of $323 million to $390 million, net income to be in the range of $645 million to $770 million and diluted EPS to be in the range of $1.16 to $1.39. Announcement • Oct 04
GLOBALFOUNDRIES Inc. to Report Q3, 2022 Results on Nov 08, 2022 GLOBALFOUNDRIES Inc. announced that they will report Q3, 2022 results on Nov 08, 2022