GlobalFoundries Inc (GFS) has released an update.
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GlobalFoundries Inc. reported its third-quarter 2024 financial results with revenue of $1.739 billion and net income of $178 million, reflecting a strong performance at the upper end of its guidance. The company continues to expand its strategic collaborations, notably with NXP Semiconductors and Finwave Semiconductor, to enhance its chip technology portfolio across various industries. These efforts underscore GF’s commitment to driving innovation and maintaining a stable financial footing, appealing to stock and market enthusiasts.
For further insights into GFS stock, check out TipRanks’ Stock Analysis page.