GFS

Globalfoundries Inc (NASDAQ:GFS) shares gave up earlier gains on Wednesday, trading down about 3% at roughly $48 after the semiconductor manufacturer announced a letter of intent with the US Department of Commerce for a potential $300 million award to accelerate silicon photonics research and development. The agreement, announced July 29, is expected to provide funding through the Department's CHIPS Research and Development Office to support the development of next-generation optical materials, wafer technologies and advanced packaging designed to strengthen US leadership in silicon photonics.

GlobalFoundries (GFS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

GlobalFoundries said on Wednesday the U.S. government will award $300 million to the chipmaker to bolster research and development ​of silicon photonics technology to power more efficient AI ‌data centers.

LOI for CHIPS R&D award advances the optical technologies powering AI and high-performance computing LOI for CHIPS R&D award advances the optical technologies powering AI and high-performance computing

GlobalFoundries (GFS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Geneva, Switzerland, July 08, 2026 (GLOBE NEWSWIRE) -- SEALSQ Corp (Nasdaq: LAES) ("SEALSQ") and GlobalFoundries (Nasdaq: GFS) (GF) today announced a strategic Memorandum of Understanding (MoU) to co-develop across secure semiconductor platforms, Post-Quantum Cryptography (PQC) and emerging semiconductor-based quantum computing technologies. The partnership leverages GF's process technology leadership and manufacturing capabilities alongside SEALSQ's expertise in hardware-based certified security, PQC-ready silicon solutions and ongoing investments in quantum technologies.

Here is how GlobalFoundries Inc. (GFS) and Avnet (AVT) have performed compared to their sector so far this year.

GlobalFoundries is expanding into higher-value semiconductor technologies, including silicon photonics, AI infrastructure, and automotive applications. Communications Infrastructure and Data Center revenue grew 32%, while Automotive revenue increased 24%, improving the company's revenue mix. Management expects silicon photonics to become a $2 billion revenue opportunity by 2030 while expanding higher-margin Technology Services.

MALTA, N.Y., July 01, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Wednesday, August 5, 2026, at 8:30 a.m. ET following the release of the company's second quarter 2026 financial results.

GlobalFoundries and UMC are benefiting from AI, automotive and specialty chip demand as investors compare semiconductor foundry growth.