GlobalFoundries' Compounding Mistake Against Taiwan Semi Haunts Outlook [Seeking Alpha]
GlobalFoundries Inc. (GFS)
Company Research
Source: Seeking Alpha
Summary GlobalFoundries' strategic pivot in 2018 to focus on essential chips over leading-edge technology has hindered its growth and competitive edge in the semiconductor industry. Despite improving margins by reducing R&D and Capex, GF faces headwinds from saturated markets like smartphones and displays, impacting inventory levels and growth prospects. GF's valuation appears expensive compared to peers, with a projected downside of 12-14%, justifying a Neutral rating due to lack of growth catalysts. Dilok Klaisataporn/iStock via Getty Images Investment Thesis The semiconductor industry is one of the toughest competitive landscapes to weather through. Few companies weather through such storms, and the ones that do demonstrate durable utilization of their available resources to continuously compete at the leading edge. Taiwan Semi ( TSM ) is one of the industry stalwarts that has continuously proven its advantage over its peers by competing at the leading edge of semico
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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: AI, Inventory Stabilizing And Chip Onshoring [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