Latest news with #GlobalFoundriesInc
The Star
4 days ago
- Business
- The Star
GlobalFoundries boosts investment plans to $16 billion, with research focus
FILE PHOTO: A screen displays the company logo for semiconductor and chipmaker GlobalFoundries Inc. during the company's IPO at the Nasdaq MarketSite in Times Square in New York City, U.S., October 28, 2021. REUTERS/Brendan McDermid/File Photo SAN FRANCISCO (Reuters) -Chip manufacturer GlobalFoundries said on Wednesday it planned to increase its investment plans to $16 billion, allocating an additional $1 billion to capital spending and $3 billion to research in several emerging chip technologies. The Malta, New York-based company said it is working with the Trump administration to bring chip manufacturing technology and various components of that supply chain onto U.S. soil. The chip manufacturer attributed the expansion to the boom in artificial intelligence hardware, a trend that has also benefited other chipmakers such as Taiwan Semiconductor ManufacturingCo. "The AI revolution is driving strong, durable demand for GF's technologies that enable tomorrow's data centers," GlobalFoundries Chief Executive Tim Breen said in a statement. The $1 billion capital spending boost is expected to support factory expansions in New York and Vermont, and is in addition to the $12 billion the company said in 2024 it planned to invest over the next 10 plus years. GlobalFoundries did not disclose a specific timeframe for the additional funding it announced on Wednesday. The $3 billion in research and development GlobalFoundries said it will spend will be split into three areas: chip packaging technologies, silicon photonics that can be used to make quantum computing processors, and gallium nitride which is used in electric vehicles and other power-related applications. In April, Intel and TSMC showed off their latest chip manufacturing and packaging capabilities at events, including the capability to stitch together multiple chips into a dinner-plate-sized device. (Reporting by Max A. Cherney and Stephen Nellis in San Francisco; Editing by Himani Sarkar)
Yahoo
11-04-2025
- Business
- Yahoo
Jim Cramer Passes on GlobalFoundries (GFS): 'Only Taiwan Semi Gets It Right'
We recently published a list of . In this article, we are going to take a look at where GlobalFoundries Inc. (NASDAQ:GFS) stands against other stocks that Jim Cramer discusses. On Friday, Jim Cramer, the host of Mad Money, expressed concern over President Donald Trump's focus on the long-term benefits of tariffs as he argued that the short-term consequences are far more severe. 'The president is fixated on the long term when he talks about trillions of dollars that the tariffs will bring in. He says the tariffs will allow us to fund both tax cuts and a lower budget deficit. Putting aside whether that's going to be true or not, I don't think we have the full luxury right now of focusing on the potential long-term benefits because the short-term is a horror show.' READ ALSO Jim Cramer's Game Plan: 10 Stocks in Focus and 10 Stocks on Jim Cramer's Radar Recently Cramer highlighted that the tariffs are excessive and poorly executed and also lack the reciprocal nature needed for a fair trade policy. He noted that it has triggered unnecessary chaos in the markets. He further criticized the stock market's current state and noted that it is far from functioning properly. He pointed to the struggles of private equity firms, whose stock values are plummeting. Cramer mentioned that these companies, which hold a significant number of highly levered businesses, had been planning to bring them public under Trump's administration. However, he said that due to the current market turmoil, there are growing concerns that these initial public offerings might be canceled altogether. He added: 'If we want to get out of this mess, we need some signs that the president understands the need for a functioning market.' Cramer also stressed that while the U.S. may be experiencing low unemployment, it might not last if short-term issues are not addressed. He commented that the public does not elect their leaders to look only toward long-term outcomes but also to manage immediate challenges. Cramer urged Trump to adjust his approach and form better trade relationships with countries that are open to trade negotiations. 'The President needs to make a commitment… to help companies that want to avoid the tariffs. He needs to call world leaders and say that they can roll back some of the tariffs that he's putting on them, but, they gotta play ball. Mr. President, don't cause a crash. It will be your legacy and it can easily be avoided.' For this article, we compiled a list of 8 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 4. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A technician holding a complex printed circuit board with microcontrollers, showing the company's expertise in powering devices. Number of Hedge Fund Holders: 24 GlobalFoundries Inc. (NASDAQ:GFS) received a comment from Cramer during the episode, and here's what Mad Money's host had to say: 'Yeah, well the problem is… they make… they do not make the latest and greatest and that's the problem. Taiwan Semi does and no one wants to touch that stock either. So don't feel bad.' GlobalFoundries Inc. (NASDAQ:GFS) offers a variety of semiconductor fabrication services and technologies. The company produces devices such as microprocessors, mobile application processors, and power management units. In August 2024, Cramer made a similar comment as he said: 'I don't like the foundry business as much. It turns out that the only people who really know how to make them cheaply is Taiwan Semi. So if you want to own a foundry, Taiwan Semi is the one to do it.' Overall, GFS ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of GFS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GFS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
07-02-2025
- Automotive
- Yahoo
GlobalFoundries Inc. (GFS): Among The Chip Stocks In Focus Amid Tech Selloff
We recently compiled a list of the . In this article, we are going to take a look at where GlobalFoundries Inc. (NASDAQ:GFS) stands against the other chip stocks. The semiconductor industry is on a trajectory of rapid growth, with global revenues expected to exceed $1 trillion by 2030. According to a report on the industry by professional services firm PwC, this expansion is fueled by advancements in memory technology, the rise of automotive semiconductors, regional self-sufficiency initiatives, purpose-built silicon, and the increasing demand for artificial intelligence (AI) applications. Per the report, Memory integrated circuits (ICs), particularly DRAM and high-bandwidth memory (HBM), have been the fastest-growing semiconductor segment. In 2024, DRAM is projected to contribute 14% of total semiconductor revenue. HBM, essential for AI and high-performance computing (HPC), is expected to grow at a 64% compound annual growth rate (CAGR) in bit growth and a 58% CAGR in revenue through 2028. As big companies leverage HBM for AI workloads, closer collaboration is required between foundries and memory firms to integrate logic and memory components effectively. Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and AI News You Should Not Have Missed. PwC highlights that the automotive semiconductor market reached $76 billion in 2023 and is projected to grow to $117 billion by 2028, driven by electric vehicle (EV) adoption and software-defined vehicles (SDVs). Power semiconductors, particularly those utilizing silicon carbide (SiC) and gallium nitride (GaN), are expected to reach $6 billion, comprising 18% of the market by 2028. Meanwhile, automotive system-on-chip (SoC) revenue was $7 billion in 2023 and is projected to grow at a 17% CAGR through 2028, supporting real-time data processing, advanced driver assistance systems (ADAS), and infotainment. The COVID-19 pandemic exposed vulnerabilities in the semiconductor supply chain, prompting major economies to pursue self-sufficiency. By 2027, approximately $400 billion in government funding is expected to be allocated to semiconductor initiatives. The US has already awarded $29.5 billion in grants and $25.1 billion in loans, with total investments projected to reach $348 billion by 2030. The European Union has allocated $46 billion for incentives, while China has invested over $190 billion through its National Integrated Circuit Investment Fund and local initiatives. South Korea, Taiwan, and Japan have also introduced tax incentives and subsidies to boost domestic semiconductor production. The demand for custom ICs tailored to specific applications is surging, especially in data centers, video processing, and network security. By 2028, the market for data center custom ICs is expected to reach $24 billion. AI is a critical growth driver for the semiconductor industry, requiring GPUs, accelerators, and HBM. The AI-specific silicon market is forecasted to reach $150 billion by 2028. Read more about these developments by accessing 33 Most Important AI Companies You Should Pay Attention To and 20 Industrial Stocks Already Riding the AI Wave. For this article, we selected companies that operate in the semiconductor sector that are in focus as investors exit tech stocks amid fears of an AI bubble. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). A technician holding a complex printed circuit board with microcontrollers, showing the company's expertise in powering devices. Number of Hedge Fund Holders: 22 GlobalFoundries Inc. (NASDAQ:GFS) provides a range of mainstream wafer fabrication services and technologies worldwide. The report for the third quarter of 2024 shows revenue of $1.7 billion and a gross margin of 23.8%, suggesting a moderate level of profitability from the company's core operations. Global News Wire reported in January that the company plans to establish a new center for advanced packaging and testing of US-made chips at its New York facility. The center will securely manufacture, process, package, and test semiconductors in the US, backed by investments from New York State and the US Department of Commerce. This will support the growing demand for GF's silicon photonics and other essential chips needed in AI, automotive, aerospace, defense, and communications. Overall GFS ranks 31st on our list of the chip stocks in focus amid tech selloff. While we acknowledge the potential of GFS as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a stock that is more promising than GFS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
07-02-2025
- Automotive
- Yahoo
GlobalFoundries Inc. (GFS): Among The Chip Stocks In Focus Amid Tech Selloff
We recently compiled a list of the . In this article, we are going to take a look at where GlobalFoundries Inc. (NASDAQ:GFS) stands against the other chip stocks. The semiconductor industry is on a trajectory of rapid growth, with global revenues expected to exceed $1 trillion by 2030. According to a report on the industry by professional services firm PwC, this expansion is fueled by advancements in memory technology, the rise of automotive semiconductors, regional self-sufficiency initiatives, purpose-built silicon, and the increasing demand for artificial intelligence (AI) applications. Per the report, Memory integrated circuits (ICs), particularly DRAM and high-bandwidth memory (HBM), have been the fastest-growing semiconductor segment. In 2024, DRAM is projected to contribute 14% of total semiconductor revenue. HBM, essential for AI and high-performance computing (HPC), is expected to grow at a 64% compound annual growth rate (CAGR) in bit growth and a 58% CAGR in revenue through 2028. As big companies leverage HBM for AI workloads, closer collaboration is required between foundries and memory firms to integrate logic and memory components effectively. Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and AI News You Should Not Have Missed. PwC highlights that the automotive semiconductor market reached $76 billion in 2023 and is projected to grow to $117 billion by 2028, driven by electric vehicle (EV) adoption and software-defined vehicles (SDVs). Power semiconductors, particularly those utilizing silicon carbide (SiC) and gallium nitride (GaN), are expected to reach $6 billion, comprising 18% of the market by 2028. Meanwhile, automotive system-on-chip (SoC) revenue was $7 billion in 2023 and is projected to grow at a 17% CAGR through 2028, supporting real-time data processing, advanced driver assistance systems (ADAS), and infotainment. The COVID-19 pandemic exposed vulnerabilities in the semiconductor supply chain, prompting major economies to pursue self-sufficiency. By 2027, approximately $400 billion in government funding is expected to be allocated to semiconductor initiatives. The US has already awarded $29.5 billion in grants and $25.1 billion in loans, with total investments projected to reach $348 billion by 2030. The European Union has allocated $46 billion for incentives, while China has invested over $190 billion through its National Integrated Circuit Investment Fund and local initiatives. South Korea, Taiwan, and Japan have also introduced tax incentives and subsidies to boost domestic semiconductor production. The demand for custom ICs tailored to specific applications is surging, especially in data centers, video processing, and network security. By 2028, the market for data center custom ICs is expected to reach $24 billion. AI is a critical growth driver for the semiconductor industry, requiring GPUs, accelerators, and HBM. The AI-specific silicon market is forecasted to reach $150 billion by 2028. Read more about these developments by accessing 33 Most Important AI Companies You Should Pay Attention To and 20 Industrial Stocks Already Riding the AI Wave. For this article, we selected companies that operate in the semiconductor sector that are in focus as investors exit tech stocks amid fears of an AI bubble. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). A technician holding a complex printed circuit board with microcontrollers, showing the company's expertise in powering devices. Number of Hedge Fund Holders: 22 GlobalFoundries Inc. (NASDAQ:GFS) provides a range of mainstream wafer fabrication services and technologies worldwide. The report for the third quarter of 2024 shows revenue of $1.7 billion and a gross margin of 23.8%, suggesting a moderate level of profitability from the company's core operations. Global News Wire reported in January that the company plans to establish a new center for advanced packaging and testing of US-made chips at its New York facility. The center will securely manufacture, process, package, and test semiconductors in the US, backed by investments from New York State and the US Department of Commerce. This will support the growing demand for GF's silicon photonics and other essential chips needed in AI, automotive, aerospace, defense, and communications. Overall GFS ranks 31st on our list of the chip stocks in focus amid tech selloff. While we acknowledge the potential of GFS as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a stock that is more promising than GFS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
