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GlobalFoundries Inc ( (GFS) ) has provided an update.
On January 17, 2025, GlobalFoundries announced the establishment of a New York Advanced Packaging and Photonics Center, supported by investments from New York State and the U.S. Department of Commerce. This facility will provide advanced packaging and testing capabilities for U.S.-made chips used in AI, automotive, aerospace, and defense sectors, aiming to enhance the company’s semiconductor manufacturing and innovation ecosystem.
More about GlobalFoundries Inc
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors with a global manufacturing footprint in the U.S., Europe, and Asia. It delivers high-performance products for markets including automotive, smart mobile devices, internet of things, and communications infrastructure.
YTD Price Performance: -3.65%
Average Trading Volume: 1,752,370
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $22.74B
Learn more about GFS stock on TipRanks’ Stock Analysis page.