The Latest Breaking News from GFS

The semiconductor industry’s prospects look promising thanks to the extensive chip usage across various industries and the rising integration of advanced technology. Therefore, it could be wise to buy fundamentally strong chip stocks, Trio-Tech (TRT), Applied Materials (AMAT), and Amkor Technology (AMKR), offering massive growth potential. Read on.

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Though the global chip shortage is expected to continue into 2023, the development of efficient chips and rising investments in ramping up production should benefit prominent chipmakers STMicroelectronics (STM) and Micron (MU). But which of these stocks is a better buy now? Read more to find out….

GlobalFoundries Inc (NASDAQ:GFS) and STMicroelectronics N.V. (NYSE:STM) are amid discussions to build a semiconductor factory in France with the help of government funds, Bloomberg reports. The European Commission looks to produce 20% of the world’s chips by 2030.  The European Union executive arm proposed the 43 billion euro ($45.3 billion) Chips Act earlier to…

The demand for semiconductors is soaring due to the growing need for smartphones, connected electric vehicles, and high-performance computing products. This, coupled with the rising prices of semiconductor chips and governments’ progressive policies due to the global shortage, should result in solid upside for the semiconductor industry. So, Taiwan Semiconductor…

Technology stocks have suffered a sharp decline from their price highs this year due to their high valuations amid concerns about rising interest rates. However, since investments in technological advancement are expected to continue climbing, the tech sector should perform well over the long run. Thus, we think investors could…

The escalating war between Ukraine and Russia has exacerbated ongoing global supply chain issues and price increases for semiconductor chips. The industry is nonetheless expected to thrive, however, due to rising investments to ramp up production and heightened demand for semiconductor chips in electric vehicles (EVs) and consumer electronics industries.…

Morgan Stanley analyst Joseph Moore upgraded Globalfoundries Inc (NASDAQ:GFS) to Overweight from Equal Weight with a price target of $72.50, up from $70 (21.64% upside).  Moore downgraded Intel Corp (NASDAQ:INTC) from Equal-Weight to Underweight and announced a $47 price target (3.83% downside). Moore prefers GlobalFoundries over Intel, given his view that the former acts as a hedge against the…

Over the past 3 months, 18 analysts have published their opinion on GLOBALFOUNDRIES (NASDAQ:GFS) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

The demand for semiconductors is soaring due to the growing need for smartphones, connected electric cars, and high-performance computing products. So, semiconductor foundries United Microelectronics (UMC) and GLOBALFOUNDRIES (GFS) should benefit. But which of these stocks is a better buy now? Read more to find out.