Globalfoundries Inc. (GFS) has released an update.
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GlobalFoundries Inc. has announced strong first quarter 2024 financial results, boasting a revenue of $1.549 billion and a net income of $134 million. The firm highlighted significant funding support for expansion in the U.S., with $1.5 billion from the U.S. Department of Commerce and over $600 million from New York State, and emphasized its commitment to achieving net-zero greenhouse gas emissions by 2050. These strategic moves point to a positive trajectory for the semiconductor manufacturer, as it continues to innovate and grow in key markets.
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