GlobalFoundries: AI, Inventory Stabilizing And Chip Onshoring [Seeking Alpha]
GlobalFoundries Inc. (GFS)
Company Research
Source: Seeking Alpha
Follow Summary GlobalFoundries stock is a buy due to AI opportunities, CHIPS Act funding, and inventory stabilization. Automotive and AI markets are bright spots, with GF benefiting from design wins and partnerships, especially in RF technology for smartphones and data centers. GF's specialization in mature nodes and niche markets like IoT, 5G, and defense ensures stable margins and positive free cash flow, unlike UMC. Risks include macroeconomic factors and geopolitical tensions, but strategic moves like acquiring Tagore Technology's GaN power business align with the CHIPS Act and expand market size. luza studios Since I last covered GlobalFoundries ( NASDAQ: GFS ) in January last year, it did rise by 24% two months later in line with my bullish thesis based mostly on expanding chip manufacturing in the U.S. However, a long slide followed, and it is now trading at around $40 caused by the normalization of the supply chain leading to declining sales as shown below. Da
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GFS
News
- TSMC and Samsung explore building advanced chip factories in UAE [Yahoo! Finance]Yahoo! Finance
- Qualcomm reportedly approached Intel about a takeover. Analysts say they could face political scrutiny and 'little overlap.' [Business Insider]Business Insider
- GlobalFoundries Inc. (NASDAQ:GFS): A Chip Stock Powering The AI Boom [Yahoo! Finance]Yahoo! Finance
- GlobalFoundries' Compounding Mistake Against Taiwan Semi Haunts Outlook [Seeking Alpha]Seeking Alpha
- GlobalFoundries, Silicon Catalyst partner for differentiated tech solutions [Seeking Alpha]Seeking Alpha
GFS
Earnings
- 8/6/24 - Beat
GFS
Sec Filings
- 9/9/24 - Form 6-K
- 8/7/24 - Form 144
- 8/6/24 - Form 6-K
- GFS's page on the SEC website