Latest news with #GlobalFoundries
Globe and Mail
12-07-2025
- Business
- Globe and Mail
Goldman Sachs Sticks to Their Hold Rating for GlobalFoundries Inc (GFS)
Goldman Sachs analyst maintained a Hold rating on GlobalFoundries Inc yesterday and set a price target of $40.00. The company's shares closed yesterday at $41.23. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GlobalFoundries Inc with a $42.54 average price target, a 3.18% upside from current levels. In a report released on July 8, Citi also maintained a Hold rating on the stock with a $42.00 price target. GFS market cap is currently $23.03B and has a P/E ratio of -120.35.
Yahoo
11-07-2025
- Business
- Yahoo
Latest News In AI Chips - AI Transforms Logistics With Innovative Supply Chain Solutions
ITS Logistics has unveiled ITS Engage, an AI-driven supply chain ecosystem designed to enhance the collaboration and efficiency of shippers, carriers, and supply chain partners. Developed over three years, this technology platform aims to transform logistics operations with real-time data access and advanced analytics, utilizing machine learning to streamline the management of drayage and container lifecycles. By offering enhanced visibility and customizable features, ITS Engage is set to expand with additional tools in logistics management, aiming to address complexities in supply chain operations. This initiative reflects a growing trend in harnessing AI to bolster the logistics industry's adaptability and responsiveness. In other market news, was trading firmly up 6.3% and closing at $98.62. Meanwhile, trailed, down 3% to close at ¥2,480. Teradyne's timely acquisition of Quantifi Photonics boosts its semiconductor market strength. Click to read a detailed narrative on Teradyne's strategic advancements. Don't miss our Market Insights article titled "AI Enters the 'Show Me the Money' Phase," offering crucial insights into AI Chip monetization and investment opportunities—get in fast! finished trading at $144.16 up 4.2%. ended the day at $164.10 up 0.7%, not far from its 52-week high. finished trading at $159.09 down 0.2%. Click this link to deep-dive into the 55 companies within our AI Chip Stocks screener including GlobalFoundries, Giga Device Semiconductor and TongweiLtd. Curious About Other Options? The latest GPUs need a type of rare earth metal called Terbium and there are only 24 companies in the world exploring or producing it. Find the list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "ITS Logistics Announces ITS Engage: A Centralized Ecosystem for Shippers, Carriers, and Supply Chain Partners" from ITS Logistics on GlobeNewswire (published 10 July 2025) Companies discussed in this article include NasdaqGS:TER NasdaqGS:AMD NasdaqGS:NVDA NasdaqGS:QCOM and TSE:285A. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Latest News In AI Chips - AI Transforms Logistics With Innovative Supply Chain Solutions
ITS Logistics has unveiled ITS Engage, an AI-driven supply chain ecosystem designed to enhance the collaboration and efficiency of shippers, carriers, and supply chain partners. Developed over three years, this technology platform aims to transform logistics operations with real-time data access and advanced analytics, utilizing machine learning to streamline the management of drayage and container lifecycles. By offering enhanced visibility and customizable features, ITS Engage is set to expand with additional tools in logistics management, aiming to address complexities in supply chain operations. This initiative reflects a growing trend in harnessing AI to bolster the logistics industry's adaptability and responsiveness. In other market news, was trading firmly up 6.3% and closing at $98.62. Meanwhile, trailed, down 3% to close at ¥2,480. Teradyne's timely acquisition of Quantifi Photonics boosts its semiconductor market strength. Click to read a detailed narrative on Teradyne's strategic advancements. Don't miss our Market Insights article titled "AI Enters the 'Show Me the Money' Phase," offering crucial insights into AI Chip monetization and investment opportunities—get in fast! finished trading at $144.16 up 4.2%. ended the day at $164.10 up 0.7%, not far from its 52-week high. finished trading at $159.09 down 0.2%. Click this link to deep-dive into the 55 companies within our AI Chip Stocks screener including GlobalFoundries, Giga Device Semiconductor and TongweiLtd. Curious About Other Options? The latest GPUs need a type of rare earth metal called Terbium and there are only 24 companies in the world exploring or producing it. Find the list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "ITS Logistics Announces ITS Engage: A Centralized Ecosystem for Shippers, Carriers, and Supply Chain Partners" from ITS Logistics on GlobeNewswire (published 10 July 2025) Companies discussed in this article include NasdaqGS:TER NasdaqGS:AMD NasdaqGS:NVDA NasdaqGS:QCOM and TSE:285A. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
11-07-2025
- Business
- Yahoo
Unexpected chip deal may reshape the semiconductor market
Unexpected chip deal may reshape the semiconductor market originally appeared on TheStreet. AMD divested its manufacturing unit in 2009 as GlobalFoundries. It was a lifesaving move for both companies. GlobalFoundries found itself in the rough spot of playing catch-up with Intel's and TSMC's manufacturing processes. The company has made some progress over the years. However, for its 14nm node, it turned to Samsung for licensing its manufacturing process. The next jump was 12nm. But when the company worked on its 7nm node in 2018, it had to abandon the wouldn't have been able to manufacture enough chips for AMD without building additional fabs, and making chips for AMD was the main reason it was developing a 7nm node in the first place. Constantly chasing the best tech was too expensive, and it wasn't profitable to continue spending billions on research and development. Fortunately for the company, plenty of other customers didn't need the best manufacturing process, and making this difficult decision saved the company. Ultimately, GlobalFoundries focused on improving the manufacturing technologies it already had. Since dropping the 7nm node plan, the company has developed a diverse portfolio of specialized nodes. It focused on tech used in automotive, the Internet of Things, communications infrastructure, and data centers. GlobalFoundries' GFS in May Q1 2025 reported revenue of $1.59 billion, just a 2% increase compared to Q1 2024. Stagnating revenue isn't the only problem the company faces, as its profit margin fell from 25.4% to 22.4%. The positive is that the company recovered from a net loss of $729 million in Q4 2024, reporting income of $211 company provided guidance for Q2 2025: Net revenue in the range of $1.65 billion to $1.7 billion Gross margin of 24.1% ± 100bps Diluted earnings per share of $0.27 ± $0.06 On June 4, GlobalFoundries revealed a plan to invest $16 billion to expand semiconductor manufacturing and advanced packaging capabilities across its New York and Vermont facilities. The company said its investment is a reaction to the artificial intelligence wave, which is increasing demand for semiconductors designed for power efficiency and high-bandwidth performance across data centers, communications infrastructure, and AI-enabled devices. GlobalFoundries might be able to grow revenue from the increased demand for its products, but that isn't enough. There is always a threat that competitors from China could catch up and develop similar specialized manufacturing processes. The best defense is more differentiation and even more specialization. GlobalFoundries on July 8 confirmed a definitive agreement to acquire MIPS. MIPS recently expanded its processor IP offerings based on the open RISC-V specification. In March, it launched its new line of Atlas chips for "physical AI platforms" such as industrial robots and autonomous cars, paired with Atlas Explorer, a virtual platform that enables performance optimization. More Tech Stocks: Amazon tries to make AI great again (or maybe for the first time) Veteran portfolio manager raises eyebrows with latest Meta Platforms move Google plans major AI shift after Meta's surprising $14 billion move It is extremely valuable to be able to offer in-house designs for CPUs. GlobalFoundries can't get a license for x86 architecture; competitors rely on ARM. Yes, there is IBM's PowerPC, but going for RISC-V was the best, if not the only, choice. "This acquisition will be a powerful step forward to push the boundaries of efficiency and performance across a broad range of applications in automotive, industrial, and datacenter infrastructure," stated Chief Operating Officer Niels Anderskouv. It will be interesting to see if GlobalFoundries develops some stronger chips over time. Perhaps it will also bring back the 7nm node while it's in the investing mood. The company said that following the acquisition, MIPS will continue to operate as a standalone business within chip deal may reshape the semiconductor market first appeared on TheStreet on Jul 9, 2025 This story was originally reported by TheStreet on Jul 9, 2025, where it first appeared.
Miami Herald
09-07-2025
- Business
- Miami Herald
Unexpected chip deal may reshape the semiconductor market
AMD divested its manufacturing unit in 2009 as GlobalFoundries. It was a lifesaving move for both companies. GlobalFoundries found itself in the rough spot of playing catch-up with Intel's and TSMC's manufacturing processes. The company has made some progress over the years. However, for its 14nm node, it turned to Samsung for licensing its manufacturing process. The next jump was 12nm. But when the company worked on its 7nm node in 2018, it had to abandon the plan. Related: Analysts reset Qualcomm stock price target, send warning It wouldn't have been able to manufacture enough chips for AMD without building additional fabs, and making chips for AMD was the main reason it was developing a 7nm node in the first place. Constantly chasing the best tech was too expensive, and it wasn't profitable to continue spending billions on research and development. Fortunately for the company, plenty of other customers didn't need the best manufacturing process, and making this difficult decision saved the company. Ultimately, GlobalFoundries focused on improving the manufacturing technologies it already had. Image source: GlobalFoundries Since dropping the 7nm node plan, the company has developed a diverse portfolio of specialized nodes. It focused on tech used in automotive, the Internet of Things, communications infrastructure, and data centers. GlobalFoundries' GFS in May Q1 2025 reported revenue of $1.59 billion, just a 2% increase compared to Q1 2024. Stagnating revenue isn't the only problem the company faces, as its profit margin fell from 25.4% to 22.4%. The positive is that the company recovered from a net loss of $729 million in Q4 2024, reporting income of $211 million. Related: Analysts raise Micron stock price target, send warning The company provided guidance for Q2 2025: Net revenue in the range of $1.65 billion to $1.7 billionGross margin of 24.1% ± 100bpsDiluted earnings per share of $0.27 ± $0.06 On June 4, GlobalFoundries revealed a plan to invest $16 billion to expand semiconductor manufacturing and advanced packaging capabilities across its New York and Vermont facilities. The company said its investment is a reaction to the artificial intelligence wave, which is increasing demand for semiconductors designed for power efficiency and high-bandwidth performance across data centers, communications infrastructure, and AI-enabled devices. GlobalFoundries might be able to grow revenue from the increased demand for its products, but that isn't enough. There is always a threat that competitors from China could catch up and develop similar specialized manufacturing processes. The best defense is more differentiation and even more specialization. GlobalFoundries on July 8 confirmed a definitive agreement to acquire MIPS. MIPS recently expanded its processor IP offerings based on the open RISC-V specification. In March, it launched its new line of Atlas chips for "physical AI platforms" such as industrial robots and autonomous cars, paired with Atlas Explorer, a virtual platform that enables performance optimization. More Tech Stocks: Amazon tries to make AI great again (or maybe for the first time)Veteran portfolio manager raises eyebrows with latest Meta Platforms moveGoogle plans major AI shift after Meta's surprising $14 billion move It is extremely valuable to be able to offer in-house designs for CPUs. GlobalFoundries can't get a license for x86 architecture; competitors rely on ARM. Yes, there is IBM's PowerPC, but going for RISC-V was the best, if not the only, choice. "This acquisition will be a powerful step forward to push the boundaries of efficiency and performance across a broad range of applications in automotive, industrial, and datacenter infrastructure," stated Chief Operating Officer Niels Anderskouv. It will be interesting to see if GlobalFoundries develops some stronger chips over time. Perhaps it will also bring back the 7nm node while it's in the investing mood. The company said that following the acquisition, MIPS will continue to operate as a standalone business within GlobalFoundries. Related: Oracle CEO sends blunt 2-word message on its business The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
