UMC stock surges on report of GlobalFoundries merger talks [Yahoo! Finance]
GlobalFoundries Inc. (GFS)
Company Research
Source: Yahoo! Finance
This notable increase came on the heels of a report by Nikkei Asia indicating that UMC is currently in discussions with U.S. contract chipmaker GlobalFoundries Inc (NASDAQ:GFS) about a potential merger. The merger talks are taking place in the context of U.S. efforts to reduce vulnerabilities associated with the strategic Taiwan Strait and to counteract the increasing production of mature chips by China. An assessment plan reviewed by Nikkei Asia suggests that the merger between GlobalFoundries and UMC would establish a larger U.S.-based entity with manufacturing capabilities spanning Asia, the U.S., and Europe. The primary goal of this proposed merger is to form a company with sufficient economic scale to guarantee that the United States maintains
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News
- These 2 chip stocks could outperform in a recession: Citi [Yahoo! Finance]Yahoo! Finance
- GlobalFoundries Inc. (NASDAQ: GFS) had its price target lowered by analysts at Citigroup Inc. from $40.00 to $35.00. They now have a "neutral" rating on the stock.MarketBeat
- Trump's tariffs on chipmaking tools could make U.S.-made processors more expensive [Yahoo! Finance]Yahoo! Finance
- GlobalFoundries Announces Conference Call to Review First Quarter 2025 Financial ResultsGlobeNewswire
- OpenAI has raised a truly staggering amount of money [Fortune]Fortune
GFS
Earnings
- 2/11/25 - Beat
GFS
Sec Filings
- 3/20/25 - Form 20-F
- 2/11/25 - Form 6-K
- 2/5/25 - Form 6-K
- GFS's page on the SEC website