GlobalFoundries awarded $1.5bn subsidy [Yahoo! Finance]
GlobalFoundries Inc. (GFS)
Company Research
Source: Yahoo! Finance
This direct funding is part of the CHIPS Incentives Programme's Funding Opportunity for Commercial Fabrication Facilities. The award follows a preliminary memorandum of terms announced in February 2024, and the completion of the Department's due diligence. This investment will support GlobalFoundries' planned $13bn investment in its US manufacturing sites over the next decade. The investment includes a new facility in New York, the expansion and modernisation of an existing New York facility, and the modernisation of operations in Vermont. This initiative is expected to create approximately 9,000 construction jobs and 1,000 manufacturing jobs across all of the sites. US Secretary of Commerce Gina Raimondo said: “By investing in GF's domestic manufacturing capabilities, we are helping to secure a stable domestic supply of chips that are found in everything from home electronics to advanced weapons systems. “Thanks to President Biden's leadership and because of CHIPS for Am
Show less
Read more
Impact Snapshot
Event Time:
GFS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GFS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GFS alerts
High impacting GlobalFoundries Inc. news events
Weekly update
A roundup of the hottest topics
GFS
News
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- GlobalFoundries Inc.'s (NASDAQ:GFS) Stock Has Shown A Decent Performance: Have Financials A Role To Play? [Yahoo! Finance]Yahoo! Finance
- SK Hynix To Get $458 Mn Funding For US Chip Facilities By AFP - Agence France Presse December 19, 2024 Order Reprints Print Article [Barron's]Barrons
- BTQ Technologies Appoints Radical Semiconductor Founders to Advance Commercialization of Post-Quantum Semiconductors [Yahoo! Finance]Yahoo! Finance
- Ayar Labs, with Investments from AMD, Intel Capital, and NVIDIA, Secures $155 Million to Address Urgent Need for Scalable, Cost-Effective AI Infrastructure [Yahoo! Finance]Yahoo! Finance
GFS
Earnings
- 11/5/24 - Beat
GFS
Sec Filings
- 11/20/24 - Form 6-K
- 11/12/24 - Form SC
- 11/6/24 - Form SC
- GFS's page on the SEC website