SMIC Shenzhen. Semiconductor Manufacturing International Corp. (SMIC), China’s largest contract chipmaker, this week announced its financial results for the first quarter of 2023. Despite crushing US sanctions, SMIC is now the world’s second-largest pure-play foundry after TSMC. The company managed to outsell GlobalFoundries and UMC, two of the other pure-play foundries, which it used to trail […]
Contract chipmaker GlobalFoundries (GFS) on Tuesday beat Wall Street’s targets for the first quarter and offered in-line to better-than-expected guidance for the current period. GFS stock rose in early trading. X The Malta, N.Y.-based company earned an adjusted 31 cents a share on sales of $1.55 billion in the March quarter. Analysts polled by FactSet […]
By Doina Chiacu and David Shepardson WASHINGTON (Reuters) -The U.S. government is awarding $1.5 billion to GlobalFoundries to subsidize semiconductor production, the first major award from a $39 billion fund approved by Congress in 2022 to bolster domestic chip production. GlobalFoundries, the world’s third-largest contract chipmaker, will build a new semiconductor production facility in Malta, […]
By Doina Chiacu WASHINGTON (Reuters) -The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains after the COVID pandemic exposed weaknesses. GlobalFoundries, the world’s third-largest contract chipmaker, will build a new semiconductor production facility in Malta, New York, […]
The U.S. government on Monday said it will give GlobalFoundries (GFS) $1.5 billion as part of the U.S. CHIPS and Science Act to boost domestic chip manufacturing. That comes amid reports that the Biden administration could provide more than $10 billion in funding to Intel (INTC). X GlobalFoundries will use the funds to expand and […]
By Doina Chiacu WASHINGTON (Reuters) – The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains. GlobalFoundries, the world’s third-largest contract chipmaker, will build a new semiconductor production facility in Malta, New York, and expand existing operations there […]
WASHINGTON (AP) — The Biden administration said Monday that the government intends to provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont. The announcement is the third award of direct financial support for a semiconductor company under the 2022 CHIPS and Science Act. The law […]
(Reuters) – GlobalFoundries forecast first-quarter results below Wall Street estimates on Tuesday, as the contract chipmaker faces competition from larger rivals while a supply glut persists in certain pockets of the semiconductor industry. Shares of the Malta, New York-based company fell more than 6% in premarket trading. Recent earnings from semiconductor firms have signaled continuing […]
Contract chipmaker GlobalFoundries (GFS) on Tuesday delivered in-line to better-than-expected results for the fourth quarter but guided well below views for the current period. GFS stock fell in early trading. X The Malta, N.Y.-based company earned an adjusted 64 cents a share on sales of $1.85 billion in the December quarter. Analysts polled by FactSet […]