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The Latest Breaking News from GlobalFoundries

GM makes deal with wafer maker to secure semiconductor part supply

General Motors Co. and GlobalFoundries are forming a long-term agreement to give GM a dedicated supply of a critical part on semiconductors, the companies announced Thursday.

Tribune News Service

What 6 Analyst Ratings Have To Say About GLOBALFOUNDRIES

What 6 Analyst Ratings Have To Say About GLOBALFOUNDRIES

Analysts have provided the following ratings for GLOBALFOUNDRIES (NASDAQ:GFS) within the last quarter:

Why is the US about to give away $52bn to corporations like Intel?

Why is the US about to give away $52bn to corporations like Intel?

The Chips Act would provide an enormous subsidy to chipmakers for making their chips in the US. This is extortion

The Guardian - US

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GlobalFoundries-STMicro Discuss Partnering For Chip Plant In France

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…

Where GLOBALFOUNDRIES Stands With Analysts

Analysts have provided the following ratings for GLOBALFOUNDRIES (NASDAQ:GFS) within the last quarter:

Needham Maintains Buy Rating for GLOBALFOUNDRIES: Here's What You Need To Know

Needham has decided to maintain its Buy rating of GLOBALFOUNDRIES (NASDAQ:GFS) and lower its price target from $87.00 to $70.00. Shares of GLOBALFOUNDRIES are trading down 5.06% over the last 24 hours, at $50.06 per share. A move to $70.00 would account for a 39.83% increase from the current share…

Analyst Ratings for GLOBALFOUNDRIES

GLOBALFOUNDRIES (NASDAQ:GFS) has observed the following analyst ratings within the last quarter:

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3 Red-Hot Semiconductor Stocks to Add to Your Watchlist: Rambus, GlobalFoundries, and Kulicke & Soffa

3 Red-Hot Semiconductor Stocks to Add to Your Watchlist: Rambus, GlobalFoundries, and Kulicke & Soffa

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.…

Here's Why Morgan Stanley Prefers Globalfoundries Over Intel

Here's Why Morgan Stanley Prefers Globalfoundries Over Intel

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…

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