GlobalFoundries revenue rises 13% as data center demand offsets mobile decline
GlobalFoundries' third quarter showed the contract chipmaker's revenue base shifting from smartphones to AI-related networking, and that shift is now boosting profitability. Revenue rose 13% from a year earlier to US$1.9 billion for the three months ended September 30, according to the company's November 4 earnings release, while IFRS gross margin widened to 30.1%.
Read original article ↗
Related Articles
GlobalFoundries bets on FD-SOI for robots and cars
GlobalFoundries (GF) is betting on specialty semiconductor technologies to capture AI demand beyond advanced processors,
GlobalFoundries opens AI-based facilities control centre in Singapore
GlobalFoundries has opened an Advanced Facilities Control Centre (AFCC) at its site in Singapore, developed together wit
Microsoft's early adoption of TSMC's 2nm process, a US$2 billion manufacturing partnership between TSMC and GlobalFoundr
The Department of Commerce’s CHIPS Program Office has agreed with GlobalFoundries of Malta, NY (the only US-based pure-p