GlobalFoundries names chip industry veteran Hollister as CFO
(Reuters) – GlobalFoundries named semiconductor industry veteran John Hollister as its finance chief on Monday, replacing David Reeder, who is leaving after a three years …
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GlobalFoundries projects profit above estimates in positive sign for chip market
(Reuters) – Contract chipmaker GlobalFoundries forecast fourth-quarter profit above analysts’ estimates on Tuesday, providing the latest sign that a supply glut in the semiconductor industry …
Chipmaker GlobalFoundries seeks funding under CHIPS Act
(Reuters) – Contract chipmaker GlobalFoundries said on Monday it has submitted applications for funding under the U.S. CHIPS act to expand capacity and modernize its …
Lockheed Martin collaborates with GlobalFoundries to secure defense chip supply
(Reuters) – Chipmaker GlobalFoundries and missile manufacturer Lockheed Martin on Monday announced their partnership to secure domestic semiconductor supply for defense systems. The strategic collaboration …
Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall
(Reuters) – GlobalFoundries Inc projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other …
GlobalFoundries CEO: New York chip factory likely delayed if U.S. subsidy bill fails
By Stephen Nellis and Jane Lanhee Lee (Reuters) – A planned semiconductor factory in upstate New York will likely be delayed if a bill to …