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GlobalFoundries Inc ( (GFS) ) has provided an announcement.
On February 5, 2025, GlobalFoundries announced a significant leadership transition, with Dr. Thomas Caulfield becoming Executive Chairman and Tim Breen appointed as CEO, effective April 28, 2025. This strategic move follows a rigorous succession planning process and positions the company to accelerate its growth phase. Caulfield, who has been instrumental in GF’s progress, will focus on strategic partnerships, while Breen, having a strong operational track record, aims to enhance GF’s portfolio and customer focus. This leadership change is expected to bolster GF’s industry positioning and continue its momentum in the semiconductor market.
More about GlobalFoundries Inc
GlobalFoundries (GF) is a prominent manufacturer of essential semiconductors, providing power-efficient and high-performance products for various markets, including automotive, smart mobile devices, and communications infrastructure. With a global manufacturing presence across the U.S., Europe, and Asia, GF is known for its focus on security, longevity, and sustainability.
YTD Price Performance: -4.54%
Average Trading Volume: 1,721,508
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $23B
Learn more about GFS stock on TipRanks’ Stock Analysis page.
