Globalfoundries Inc (GFS) Sector
Information Technology

(Current) $50.75
-0.06 (-0.12%) Open Price: 50.49

 

GlobalFoundries Inc. is a semiconductor foundry that produces integrated circuits (ICs) on behalf of customers. It was founded in 2009 and is headquartered in Santa Clara, California. The company was created as a spin-off of Advanced Micro Devices (AMD) and is now owned by Mubadala Investment Company, a sovereign wealth fund of the government of Abu Dhabi.

 

GlobalFoundries operates several fabrication facilities around the world, including in the United States, Germany, and Singapore. The company specializes in the manufacture of ICs using advanced technologies such as 7 nanometer and 14 nanometer FinFET processes. Its customers come from a variety of industries, including communications, automotive, and consumer electronics.

 

GlobalFoundries went public in 2021 through a merger with the special purpose acquisition company (SPAC) called "Mubadala Tech," which was created specifically to facilitate the merger. The deal valued GlobalFoundries at $24.6 billion and provided the company with additional funds for expansion and investment in new technology.

 

GlobalFoundries has continued to invest heavily in research and development to keep up with the rapidly evolving semiconductor industry. In 2021, the company announced plans to invest $1.4 billion in its Dresden, Germany, facility to expand its production capabilities for advanced semiconductor products.

 

The company has also made strategic acquisitions to strengthen its position in the industry. In 2015, it acquired IBM's semiconductor business, which included advanced manufacturing facilities and intellectual property. This acquisition helped GlobalFoundries to expand its capabilities and enter new markets.

 

GlobalFoundries faces strong competition from other semiconductor foundries, such as TSMC and Samsung. However, the company has a strong track record of innovation and investment, which has helped it to remain a key player in the industry.

 



 

(05/23/24) $50.49
(05/25/24) $50.81
(05/25/24) (Qty.)3,633,463
(05/23/24) $49.90
(05/23/24) $51.70
(05/05/24) $49.37
(05/05/24) $55.76
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