GLOBALFOUNDRIES - Mixed Outlook But Limited Downside, Initiating With A Hold [Seeking Alpha]
GlobalFoundries Inc. (GFS)
Company Research
Source: Seeking Alpha
GLOBALFOUNDRIES achieves ~41% of its revenues from its smart mobile devices sales, and I don't see end demand in the smartphone market rebounding in 1H24. The stock has underperformed the S&P 500 index by 56% in the past year pricing in most of the negatives. I share my thoughts on GLOBALFOUNDRIES here, and why I think it has limited upside in 2024. Investment Thesis GLOBALFOUNDRIES ( NASDAQ: GFS ) is set to announce earnings in mid-May; the chip-maker used to be high on my watchlist but fell out of favor for me late last year due to its heavy exposure to the smartphone market, competition against TSMC ( TSM ), and its immaterial AI exposure. GLOBALFOUNDRIES is a foundry player that competes with TSMC, United Microelectronics Corp ( UMC ), and Super Micro Computer Inc ( SMCI ), and it's not doing too badly, considering the fact that one player in that market dominates the market with over 50% market share (that player is TSMC, by the way). I think GLOBALFOUNDRIES' has survi
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GFS
News
- Taiwan Semiconductor to start new A16 chip manufacturing tech in 2026: report [Seeking Alpha]Seeking Alpha
- Air Liquide continues its trajectory with another solid quarter, combining sales growth, performance improvement and investment momentum [Yahoo! Finance]Yahoo! Finance
- India is a key chip design market, Qualcomm says, as Modi makes semiconductor push [CNBC]CNBC
- GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050 [Yahoo! Finance]Yahoo! Finance
- GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050GlobeNewswire
GFS
Earnings
- 2/13/24 - Beat
GFS
Sec Filings
- 3/15/24 - Form 144
- 2/16/24 - Form 144
- 2/16/24 - Form 144
- GFS's page on the SEC website