GlobalFoundries breaks ground on first new semiconductor fab under landmark U.S.-Japan initiative

(NASDAQ:GFS) GlobalFoundries (GF) has broken ground on the first new semiconductor manufacturing facility at its Malta, New York site as part of a landmark U.S.-Japan initiative. The project involves the construction of two new 300mm fabs, with GF serving as the technology provider and operator. The initiative is supported by up to $21 billion in funding, with Japan providing the investment and GF contributing its technology and manufacturing expertise. An initial investment of approximately $10 billion, including $570 million in incentives from New York State, is accelerating construction of the first fab, which is expected to come online in 2029. A further investment of approximately $10 billion is planned for the second fab as the project progresses. Each fab is expected to add approximately 900,000 300mm wafers of annual U.S. manufacturing capacity. The expanded capacity will support GF’s customers in the automotive, industrial, and connected infrastructure sectors. The two-fab initiative is projected to create about 27,000 construction and ecosystem jobs and more than 1,000 high-skilled manufacturing jobs in New York’s Capital Region. GF is collaborating with educational and workforce development organizations to build semiconductor talent for the region. The groundbreaking event was attended by U.S. and Japanese government officials, state and local leaders, customers, partners, employees, and community members. Tim Breen, CEO of GlobalFoundries, stated that the initiative brings together the strengths of the United States, Japan, and GF to expand trusted semiconductor manufacturing at scale. Grant McEwan, Vice President and General Manager of the Malta, New York Fab, highlighted the site’s world-class workforce and infrastructure. Governor Kathy Hochul, U.S. Senate Democratic Leader Charles E. Schumer, Senator Kirsten Gillibrand, and Congressman Paul Tonko all commented on the significance of the investment for New York’s economy and the U.S. semiconductor supply chain. The event was livestreamed for public viewing.

GlobalFoundries Reports Third Quarter 2026 Financial Results

(NASDAQ:GFS) GLOBALFOUNDRIES Inc. reported preliminary financial results for the third quarter ended September 30, 2026, with revenue of $1.899 billion. Gross margin for the quarter was 30.1%, and Non-IFRS gross margin was 31.4%. Operating margin was 12.1%, and Non-IFRS operating margin was 17.9%. The company reported a net loss of $(270) million, while Non-IFRS net income was $298 million. Diluted earnings (loss) per share were $(0.49), and Non-IFRS EPS was $0.53. Non-IFRS adjusted EBITDA for the quarter was $647 million. Ending cash, cash equivalents, and marketable securities totaled $3.2 billion. Net cash provided by operating activities was $341 million, and Non-IFRS adjusted free cash flow was $136 million. In October 2026, GF was selected as the technology provider and operator for two new semiconductor fabs at its Malta, New York site under a U.S.-Japan initiative that will provide up to $21 billion in funding, with an initial investment of approximately $10 billion to accelerate construction of a new 300mm fab, expected to come online in 2029. In October 2026, GF and the U.S. government amended GF’s CHIPS and Science Act award, reallocating $955 million of incentives to support investments in Malta, New York and Burlington, Vermont. In October 2026, GF entered into a multi-year, $2 billion manufacturing agreement with TSMC to establish a U.S.-based supply of silicon interposers, with volume production expected to ramp in the first half of 2028. In September 2026, GF issued 9.9 million ordinary shares to the USG, resulting in a $441 million non-cash charge recorded in non-operating expense. In September 2026, GF expanded its agreement with Marvell to increase manufacturing capacity for silicon germanium technology at its Burlington, Vermont facility. In September 2026, GF entered into a long-term manufacturing agreement with Monolithic Power Systems to deploy proprietary process technology at GF’s 300mm Singapore facility, with volume production planned for early 2027. On October 27, 2026, the Board approved a dividend of $0.12 per share payable on January 14, 2027 to shareholders of record as of December 22, 2026. For Q3 2026, net revenue was $1,899 million, gross profit was $571 million, operating profit was $230 million, and cash from operating activities was $341 million. Wafer shipments (300mm equivalent) were 647,000 units. As of September 30, 2026, cash and cash equivalents were $997 million, marketable securities were $1,258 million, and total assets were $17,038 million. Current liabilities were $2,236 million, non-current liabilities were $2,816 million, and total liabilities were $5,052 million. Shareholders' equity was $24,348 million for common stock/additional paid-in capital and an accumulated deficit of $(12,516) million. For Q4 2026 guidance, net revenue is expected to be $2,000 million ± $25 million, IFRS gross margin 30.7% ± 100bps, Non-IFRS gross margin 31.5% ± 100bps, operating expenses $287 million ± $10 million, Non-IFRS operating expenses $235 million ± $10 million, operating margin 16.4% ± 170bps, Non-IFRS operating margin 19.8% ± 170bps, and diluted EPS $0.47 ± $0.05 (Non-IFRS $0.59 ± $0.05). Share-based compensation is expected to be $16 million in cost of revenue and $52 million in operating expenses for Q4 2026. Income tax expense for Q4 2026 is estimated to be between $44 million and $68 million. The company recorded a $441 million non-cash charge in Q3 2026 related to the issuance of shares to the USG.

GF unveils roadmap to deliver the world’s most advanced FD-SOI platform for Physical AI

(NASDAQ:GFS) GlobalFoundries (GF) announced plans for its new FDX Fusion™ FD-SOI platform, designed specifically for the requirements of Physical AI. The company intends to begin manufacturing FDX Fusion technology in 2028 at its advanced facility in Dresden, Germany. The first generation of FDX Fusion technology is expected to deliver seven nanometer class digital performance and is being developed as the next major extension of GF’s FDX™ FD-SOI roadmap. FDX Fusion will feature advanced substrate engineering, front-end transistor innovation, and back-end interconnect and integration capabilities, with RF performance up to 0.5 THz ft/fmax, analog and mixed-signal features, low-leakage operation, in-memory computing, embedded non-volatile memory, and dense logic. The platform is expected to deliver more than 2x density improvement over first-generation FDX technology. FDX Fusion aims to provide a comprehensive, intelligent platform for edge and Physical AI applications, reducing system complexity, latency, and power consumption. Ed Kaste, senior vice president of GF’s CMOS business, stated that the FDX Fusion platform extends GF’s FD-SOI roadmap with innovations across the substrate, transistor, and interconnect stack, and is purpose-built for power-efficient Physical AI applications. The company has billions of chips in use today across applications such as automotive radars and sensors, wireless microcontrollers, display drivers, and front-end modules for SATCOM and 5G devices. FDX Fusion is expected to address Physical AI systems and applications in automotive, consumer, and industrial markets, including edge inference, robotics, industrial automation, autonomous systems, sensor-fusion architectures, and intelligent connected devices. GF is working with several customers on early development and evaluation for FDX Fusion, using real application requirements to inform product design. Customers can leverage GF’s design enablement ecosystem, including advanced MIPS and ARC processor IP, RISC-V ISA, and application-specific processor design capabilities optimized for Physical AI. Initial manufacturing for FDX Fusion is planned for GF’s Dresden facility, where expansion efforts under the European Chips Act are increasing capacity for differentiated semiconductor solutions. Demonstrator silicon for FDX Fusion is targeted for early customer evaluation in early 2027, with an initial process design kit (PDK) release planned for mid-2027. The platform will include optimized process flow and cost structures for rapid prototyping and faster time-to-market. BMW, Bosch, CEA Leti, Infineon, NXP, Siemens, and Tesla provided supporting statements regarding the importance of FDX Fusion and GF’s technology roadmap for future applications in automotive, robotics, industrial automation, and Physical AI.

GlobalFoundries reaches agreement to establish U.S.-based supply of silicon interposers for advanced AI packaging

(NASDAQ:GFS) GlobalFoundries announced a manufacturing agreement with TSMC to establish a U.S.-based supply of silicon interposers for TSMC's CoWoS® advanced packaging ecosystem. Under the agreement, GlobalFoundries (GF) will provide manufacturing services to TSMC and add fabrication capacity at its Malta, New York facility to support growing demand for high-performance computing and AI systems. The agreement provides a foundation to expand capacity over time as customer demand grows. GF expects to expand capacity at its Malta facility and establish the first U.S.-based source of silicon interposers supporting advanced packaging technologies, including embedded deep trench capacitor components. The additional manufacturing capacity will provide greater scale and flexibility for delivering advanced packaging solutions across multiple product generations. Ed Kaste, senior vice president of CMOS Business at GF, stated that advanced packaging is becoming increasingly critical to delivering the performance, power efficiency, and scale required for next-generation AI systems. He added that by providing manufacturing service using GF’s trusted U.S. manufacturing footprint, the company is creating a secure, scalable source of essential advanced-packaging elements that will help customers accelerate innovation and strengthen the semiconductor supply chain. Volume production is expected to begin ramping at GF's Malta site during the first half of 2028. The agreement has an initial term of five years and provides a framework for future capacity expansion. The announcement highlights GF's role as a leading manufacturer of essential semiconductors, enabling AI at scale from the cloud to the physical world. GF operates global manufacturing operations across the U.S., Europe, and Asia. The company notes that its business could be impacted by geopolitical conditions such as ongoing political and trade tensions with China, the continuation of conflicts in Ukraine, and political developments in the United States. The company also references the potential impact of trade controls, tariffs, and new legislation on its industry and market. GF cautions that the expected benefits of its announced partnerships may fail to materialize and that its expected results and planned or further expansions and operations may not proceed as planned if funding is delayed or withheld.

GlobalFoundries Reports Second Quarter 2026 Financial Results

(NASDAQ:GFS) GlobalFoundries Inc. announced preliminary financial results for the second quarter ended June 30, 2026, reporting revenue of $1.786 billion. The company achieved a gross margin of 28.3% and a non-IFRS gross margin of 29.9%, with net income of $167 million and non-IFRS net income of $256 million. Diluted earnings per share were $0.30, and non-IFRS diluted earnings per share were $0.46. In July 2026, GlobalFoundries signed a letter of intent with the U.S. Department of Commerce for a $300 million award and completed the acquisition of Photeon Technologies' integrated voltage regulator business. The company also completed the acquisition of Synopsys’ ARC Processor IP Solutions business in June 2026 and launched Quantum Technology Solutions in May 2026, accelerated by an expected $375 million grant from the U.S. Department of Commerce. The company projects third quarter 2026 net revenue of $1,885 million ± $25 million, gross margin of 29.5% ± 100bps, and diluted EPS of $0.37 ± $0.05.

GlobalFoundries Announces Conference Call to Review Second Quarter 2026 Financial Results

(NASDAQ:GFS) GlobalFoundries announced that it will host a conference call on Wednesday, August 5, 2026, at 8:30 a.m. ET following the release of the company’s second quarter 2026 financial results. The company’s financial results and a webcast of the conference call will be available on GlobalFoundries’ Investor Relations website at https://investors.gf.com. GlobalFoundries (GF) is described as a leading manufacturer of essential semiconductors, enabling AI at scale from the cloud to the physical world. The company delivers differentiated, power-efficient and high-performance solutions for automotive, aerospace and defense, data center, smart mobile devices, internet of things and other high-growth markets. GF has global manufacturing operations across the U.S., Europe and Asia. The company states that its talented, global team remains focused every day on security, longevity and sustainability. For more information, visit www.gf.com.

GlobalFoundries Outlines Long-Term Growth Roadmap and Announces First-Ever Dividend at 2026 Investor Day

GlobalFoundries (NASDAQ:GFS) held its 2026 Investor Day, announcing its first-ever quarterly dividend of $0.12 per share, payable on July 14, 2026 to shareholders of record as of June 24, 2026. The company introduced a new capital allocation framework targeting the return of up to 50% of trailing twelve-month Non-IFRS adjusted free cash flow, after investments, to shareholders via dividends and share repurchases. Leadership emphasized opportunities for durable growth in AI-centric markets and highlighted a broadening technology roadmap. The announcement marks a significant milestone for the company and signals a focus on expanding profitability and long-term value creation.

GlobalFoundries Reports First Quarter 2026 Financial Results

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) reported preliminary financial results for the first quarter ended March 31, 2026, with revenue of $1.634 billion and a gross margin of 27.6%. Net income for the quarter was $104 million, with diluted earnings per share of $0.18. The company highlighted strong Non-IFRS profitability metrics, including Non-IFRS net income of $227 million and Non-IFRS adjusted EBITDA of $561 million. GF also announced new technology launches and expanded strategic partnerships, including a multi-billion dollar agreement with Renesas Electronics Corporation. The company provided second quarter 2026 guidance, projecting net revenue of $1,760 ± $25 million and Non-IFRS diluted EPS of $0.43 ± $0.05.