GlobalFoundries' poised to get final Chips Act award - source [Yahoo! Finance]
GlobalFoundries Inc. (GFS)
Company Research
Source: Yahoo! Finance
Biden administration, a person briefed on the matter said, a sign of progress amid growing concerns about the pace of the award rollout. The U.S. Commerce Department notified Congress at least three companies are close to receiving a final award, the person and another source said. The Commerce Secretary must notify appropriate committees at least 15 days before making any deal over $10,000,000. Reuters could not determine the timing of the award announcement or the exact amount, though it is expected to be close to the initial sum. A preliminary agreement was announced by the Commerce Department in February to award $1.5 billion to GlobalFoundries to build a new semiconductor production facility in Malta, New York, and expand existing operations there and in Burlington, Vermont. (Reporting by David Shepardson, Alexandra Alper and Karen Freifeld; editing by Chris Sanders)
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News
- US gov't pushing TSMC and Intel to create joint venture in the US: Report [Yahoo! Finance]Yahoo! Finance
- Exclusive-Trump prepares to change US CHIPS Act conditions, sources say [Yahoo! Finance]Yahoo! Finance
- GlobalFoundries Inc. (NASDAQ: GFS) had its price target lowered by analysts at UBS Group AG from $47.00 to $45.00. They now have a "neutral" rating on the stock.MarketBeat
- GlobalFoundries Inc. (NASDAQ: GFS) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $60.00 price target on the stock.MarketBeat
- Needham lifts GlobalFoundries to Buy on expected return to growth [Yahoo! Finance]Yahoo! Finance
GFS
Earnings
- 2/11/25 - Beat
GFS
Sec Filings
- 2/11/25 - Form 6-K
- 2/5/25 - Form 6-K
- 1/17/25 - Form 6-K
- GFS's page on the SEC website