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 was easing. The company’s shares rose 4.5%…
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 consumer electronics, sending its shares down nearly…
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 bolster the U.S. computer chip industry fails…
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