GlobalFoundries is one of the largest semiconductor manufacturers, focusing entirely on foundry services by producing chips for other companies. In recent GlobalFoundries news, the company has invested $16 billion in U.S. chip manufacturing and R&D, reinforcing its commitment to national production capacity and technological advancement.
This update also outlines the company’s Q2 2025 earnings outlook, a research partnership with A*STAR, progress on sustainability goals, its latest collaboration with MIT, and new executive appointments.
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Latest GlobalFoundries News: GlobalFoundries Invests $16 Billion to Expand U.S. Chip Manufacturing & R&D
GlobalFoundries announced a $16 billion investment to expand chip manufacturing and advanced packaging in New York and Vermont.
GF is investing $16 billion to expand essential semiconductor manufacturing and advanced packaging in New York & Vermont.
Learn how leading tech companies such as @Apple, @SpaceX, @Qualcomm, @AMD, @NXP and @GM are supporting U.S. production of semis.https://t.co/dj3F18puRB pic.twitter.com/7lN0htrj0U
— GlobalFoundries (@GlobalFoundries) June 4, 2025
The initiative, revealed on June 4, is backed by collaboration with the Trump Administration and several technology companies focused on domestic supply chain development.
This GlobalFoundries news comes as the company responds to rising demand driven by artificial intelligence applications.
The growth of data centers, connected infrastructure, and AI-optimized devices has pushed the need for semiconductors that balance power efficiency with high-speed processing.
Apple, SpaceX, AMD, Qualcomm Technologies, NXP, and GM are also working directly with GlobalFoundries to shift semiconductor production to U.S. soil.
These partnerships signal industry-wide interest in reshoring fabrication capacity and reducing overseas dependency.
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GlobalFoundries News: GlobalFoundries Forecast Q2 Revenue Above Estimates
In another GlobalFoundries news, the company projects its second-quarter revenue and profit slightly above analyst expectations, suggesting stable demand across its key production segments.
The forecast, released May 6 during the company’s Q1 2025 results, reflects some resilience despite pressure from slowing smartphone sales and volatile automotive production schedules.
Below are highlights from our Q1 ’25 #financialresults.
This post contains non-IFRS financial measures; for a detailed reconciliations to the most directly comparable IFRS measures and why we believe the non-IFRS measures are helpful, please see: https://t.co/QIgPyhDyTG pic.twitter.com/Q02NprPXDl
— GlobalFoundries (@GlobalFoundries) May 6, 2025
GlobalFoundries also forecasts adjusted earnings of 36 cents per share, compared with a 35-cent consensus. The Q1 results were slightly higher than expected, with $1.59 billion in revenue and adjusted earnings of 34 cents per share.
Meanwhile, tariffs targeting foreign-made chips could benefit domestic manufacturers, particularly as some automakers reconsider supply sources.
In addition, GlobalFoundries saw year-over-year growth in its automotive segment during Q1, despite the sector facing disruptions from new U.S. trade policies.
Smartphone demand, however, remains weak, which continues to weigh on the company’s largest revenue stream.
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GlobalFoundries News: GlobalFoundries Partners with A*STAR to Advance Advanced Packaging Technology
In this round of GlobalFoundries news, GlobalFoundries signed a memorandum of understanding with A*STAR on May 19 to accelerate development in advanced semiconductor packaging.
The agreement gives GF access to A*STAR’s research infrastructure in Singapore while supplying A*STAR with critical production equipment for its ongoing R&D programs.
Through this collaboration, GlobalFoundries plans to streamline manufacturing, testing, and packaging operations within its Singapore facility.
The effort also includes training programs to expand internal technical capabilities, equipping its workforce with skills specific to advanced packaging.
Both GF and A*STAR are aligning to meet near-term innovation targets while supporting long-term talent development across the semiconductor sector.
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GlobalFoundries News: GlobalFoundries Sets 2030 Climate Goal With Science-Based Emissions Targets
On April 22, GlobalFoundries announced revised emissions targets aligned with Science Based Targets Initiative (SBTi) standards.
The new commitment raises its goal to a 42% reduction in total greenhouse gas emissions by 2030, compared to its earlier target of 25%.
This update strengthens the company’s ongoing push for more sustainable manufacturing practices across its operations.
This GlobalFoundries news underscores the company’s intent to meet stricter benchmarks while expanding production capacity in the U.S., Germany, and Singapore.
The plan includes upgrades to energy efficiency systems, tighter emissions controls, broader adoption of lower-impact chemical processes, and increased sourcing of low-carbon power.
Additionally, the announcement aligns GlobalFoundries with sustainability goals shared by industry partners such as Apple and Infineon Technologies.
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GlobalFoundries and MIT Team Up to Drive Innovation in AI-Critical Semiconductors
On February 27, GlobalFoundries and the Massachusetts Institute of Technology (MIT) announced a master research agreement to advance semiconductor technologies critical to artificial intelligence and low-power applications.
The partnership will center on joint projects led by MIT’s Microsystems Technology Laboratories and GlobalFoundries’ R&D division, GF Labs.
This agreement formalizes a long-standing research relationship between the two organizations.
GlobalFoundries already participates in MIT’s Microsystems Industrial Group and includes MIT in its University Partnership Program for collaborative research and prototyping.
Both institutions also support workforce development through programs like the Northeast Microelectronics Coalition, which the U.S. Department of Defense funds.
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GlobalFoundries Appoints New Executive Chairman, CEO, & President and COO
On February 1, GlobalFoundries announced a leadership transition following a structured succession process.
Today marks a new chapter for GlobalFoundries.
We are proud to officially welcome Tim Breen as our CEO and Niels Anderskouv as our President and COO.#Leadership #Semiconductors #GlobalFoundries #WeShapeWhatsEssential #ONEGF #NextChapter
[1/4] pic.twitter.com/XNdsGIyeTf
— GlobalFoundries (@GlobalFoundries) April 28, 2025
Dr. Thomas Caulfield took the Executive Chairman position, while Tim Breen was appointed Chief Executive Officer. Meanwhile, Niels Anderskouv took over as President and Chief Operating Officer.
These appointments took effect on April 28, 2025.
Caulfield became President and CEO in 2018. During his tenure, he led the company through strategic realignment and guided its public listing in 2021.
He also expanded production capacity and reinforced supply chain resilience during periods of industry-wide disruption.
Breen, who joined GlobalFoundries in 2018, currently oversees global operations, including manufacturing, IT, and supply chain functions.
Before becoming COO, he worked closely with Caulfield on long-term strategy and enterprise transformation.
His prior experience includes leadership at Mubadala Investment Company and advisory roles across sectors such as energy, industrials, and healthcare.
Lastly, Anderskouv, appointed President and COO, came to GlobalFoundries from Texas Instruments, where he led the Analog Power division.
Since joining GF in 2023, he has directed the company’s product and technology strategy and go-to-market execution. His background in engineering and global semiconductor leadership supports GF’s operational and commercial roadmap.
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Conclusion
GlobalFoundries is taking measured steps to expand its technical and production footprint through targeted investments, collaborative research, and scaled U.S. manufacturing.
Its revised emissions targets, executive appointments, and AI-centered chip development reflect a calculated move to meet specific market demand and shifting regulatory priorities.
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