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13 mentions found


☆ GlobalFoundries CEO talks impact of $1.5 billion investment from the CHIPS Act
  + stars: | 2024-02-20 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobalFoundries CEO talks impact of $1.5 billion investment from the CHIPS ActThomas Caulfield, GlobalFoundries CEO, joins 'Closing Bell Overtime' to talk a $1.5 billion investment from the CHIPS Act.
Persons: Thomas Caulfield Organizations: GlobalFoundries
☆ Semiconductor industry 'needs another quarter or so' to bring inventory down: GlobalFoundries CEO
  + stars: | 2024-02-13 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSemiconductor industry 'needs another quarter or so' to bring inventory down: GlobalFoundries CEOThomas Caulfield, GlobalFoundries CEO, joins 'Closing Bell Overtime' to talk quarterly results, the state of the economy, the semiconductor industry and more.
Persons: Thomas Caulfield Organizations: Email Semiconductor, GlobalFoundries
☆ GlobalFoundries CEO Thomas Caulfield weighs in on the state of the semiconductor market
  + stars: | 2023-12-01 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobalFoundries CEO Thomas Caulfield weighs in on the state of the semiconductor marketThomas Caulfield, GlobalFoundries CEO, joins 'Closing Bell Overtime' to talk the semiconductor market, consumer demand and more.
Persons: Thomas Caulfield Organizations: GlobalFoundries
☆ GlobalFoundries projects profit above estimates in positive sign for chip market
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 7 (Reuters) - Contract chipmaker GlobalFoundries (GFS.O) forecast fourth-quarter profit above analysts' estimates on Tuesday, providing the latest sign that a supply glut in the semiconductor industry was easing. Both Intel (INTC.O) and Advanced Micro Devices (AMD.O) have indicated that a recovery is afoot in the personal computer market, a key source of revenue for semiconductor makers. GlobalFoundries said it expects adjusted profit per share to be in the range of 53 cents to 64 cents in the three months to December, above estimates of 52 cents, according to LSEG data. The company, whose customers range from mobile phone chip designer Qualcomm (QCOM.O) to the U.S. Department of Defense, said net revenue fell 11% to $1.85 billion in the third quarter, but came in line with estimates. Adjusted earnings of 55 cents per share beat estimates of 49 cents.
Persons: Brendan McDermid, Thomas Caulfield, GlobalFoundries, Arsheeya, Sriraj Organizations: Nasdaq, REUTERS, Intel, Devices, Qualcomm, U.S . Department of Defense, Thomson Locations: New York City, U.S, Bengaluru
☆ How GlobalFoundries aims to remain world’s third-biggest semiconductor foundry
  + stars: | 2023-10-01 | by ( Katie Tarasov | ) www.cnbc.com   time to read: +10 min
Based in upstate New York, GlobalFoundries isn't a household name because it's manufacturing semiconductors that are designed and sold by other companies. "Look at every electronic device in your house, and I would bet you money that every one of those devices has at least one GlobalFoundries chip in it," Thomas Caulfield, GlobalFoundries CEO, told CNBC. GlobalFoundries chips are inside everything from smartphones and cars to smart speakers and Bluetooth-enabled dishwashers. Although GlobalFoundries' chips are considered legacy nodes, the process and resources needed are still incredibly complex. GlobalFoundries' Fab 8 in Malta, New York, where Equipment Engineering Manager Chris Belfi led CNBC's Katie Tarasov on a tour on September 5, 2023.
Persons: GlobalFoundries, it's, Thomas Caulfield, They're, GlobalFoundries isn't, Caulfield, Abu, Moorhead, Jerry Sanders, Katie Tarasov, Carlos Waters, Daniel Newman, couldn't, TSMC, China's, STMicroelectronics, Hui Peng Koh, that's, Chris Belfi Organizations: HK GM LMT, GlobalFoundries, CNBC, Bluetooth, Nvidia, Taiwan Semiconductor Manufacturing Company, Devices, AMD, Chartered Semiconductor, Nasdaq, Futurum, U.S, Semiconductor Manufacturing International, Samsung, fabs, United Microelectronics, we've, Upstate Locations: New York, China, U.S, Singapore, Germany, France, Malta , New York, Dresden, Malta, Vermont, South Korea, Taiwan, TSMC, Crolles, Chengdu, Upstate New York, Europe, Koh, Arizona, Asia
☆ Semiconductor industry to double over next decade: GlobalFoundries CEO
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobalFoundries CEO confident the semiconductor industry will 'double again' over the next decadeThomas Caulfield, CEO of GlobalFoundries, discusses the catalysts that will create demand and capacity in the industry.
Persons: Thomas Caulfield
☆ GlobalFoundries opens $4 billion Singapore expansion fab to meet 'demand for essential semiconductor chips'
  + stars: | 2023-09-12 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
A robotic arm moves 300 mm silicon semiconductor wafers inside a sorting machine in a cleanroom at a Globalfoundries Inc. semiconductor fabrication plant. Liesa Johannssen | Bloomberg | Getty ImagesU.S.-headquartered GlobalFoundries announced Tuesday the opening of its $4 billion expansion fabrication plant in Singapore as the contract chipmaker expects "growth in demand for essential semiconductor chips." Singapore supplies 11% of the world's semiconductors, according to the Singapore Semiconductor Industry Association. GlobalFoundries acquired Singapore's Chartered Semiconductor Manufacturing and took over its fabs in 2010. The following June, the Nasdaq-listed semiconductor manufacturer said its first tool had been moved into the Singapore facility.
Persons: Johannssen, GlobalFoundries, chipmaker, Thomas Caulfield, Caulfield, CNBC's Organizations: Inc, Bloomberg, Getty, CNBC, Qualcomm, MediaTek, NXP Semiconductors, 5G, Singapore Semiconductor Industry Association, Partnership, Samsung, Semiconductor Manufacturing, Economic, Board, Nasdaq, CNBC's Sri Locations: Singapore, U.S, Germany
☆ We can help Vietnam and India with their semiconductor manufacturing goals: GlobalFoundries
  + stars: | 2023-09-12 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe can help Vietnam and India with their semiconductor manufacturing goals: GlobalFoundriesThomas Caulfield, CEO of the semiconductor manufacturing company, says it already has more than 800 employees in India.
Persons: GlobalFoundries Thomas Caulfield Locations: Vietnam, India
☆ GlobalFoundries Thomas Caulfield on funding semiconductor facilities
  + stars: | 2023-08-08 | by ( Kristina Partsinevelos | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobalFoundries Thomas Caulfield on funding semiconductor facilitiesCNBC's Kristina Partsinevelos speaks with Thomas Caulfield, president and chief executive officer of GlobalFoundries, about incentivizing companies to re-shore manufacturing to the U.S., GlobalFoundries' apprenticeship program, and allocating government funds towards semiconductor infrastructure.
Persons: GlobalFoundries Thomas Caulfield, Kristina Partsinevelos, Thomas Caulfield, GlobalFoundries Locations: U.S
☆ A.I.'s growth will drive a 'refresh cycle' for the tech industry, says GlobalFoundries CEO Caulfield
  + stars: | 2023-08-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. 's growth will drive a 'refresh cycle' for the tech industry, says GlobalFoundries CEO CaulfieldThomas Caulfield, GlobalFoundries CEO, joins 'Closing Bell Overtime' to talk the state of the consumer, softness in data centers and more.
Persons: Caulfield Thomas Caulfield Organizations: GlobalFoundries
☆ Premarket stocks: Share buybacks could beat last year's record $1.2 trillion
  + stars: | 2023-02-10 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
Companies have announced about $175 billion worth of planned stock buybacks so far this year. This year will likely be the first with at least $1 trillion in completed S&P 500 company buybacks, said Howard Silverblatt at S&P Dow Jones Indices. ▸ GM (GM) just inked an exclusive deal for the hottest product in automaking: Semiconductors. The strong dollar is hurting multinationalsThe rip-roaring dollar cut deeply into the earnings of multinational companies selling their wares overseas last quarter. “We got hit with that.”McDonald’s (MCD) and 3M (MMM) also said in earnings reports that they were worried that the strong dollar would affect future sales.
☆ GM signs exclusive deal for US computer chip production
  + stars: | 2023-02-09 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +2 min
Semiconductors are a major component of electronic parts such as the computer modules that are required to make automobiles. It’s an unusual agreement in that GM is contracting directly with a firm that will supply manufacturing services to companies that, in turn, provide parts to GM. Under this agreement, the various electronic component manufacturers that make parts for GM will use GlobalFoundries to make semiconductors for them. Last summer, the federal government passed legislation to boost computer chip manufacturing in the United States so companies could import fewer computer components from China. The agreement is also part of an overall plan by GM (GM) to reduce the number of different chips needed to build GM (GM) vehicles.
☆ General Motors signs deal with GlobalFoundries for exclusive U.S. semiconductor production
  + stars: | 2023-02-09 | by ( Michael Wayland | ) www.cnbc.com   time to read: +4 min
The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. General Motors has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips, the companies announced Thursday. The exclusive production of chips for GM will be an expansion of the New York-based company's operations, according to GlobalFoundries CEO Thomas Caulfield. Semiconductor chips are extremely important components of new vehicles for areas like infotainment systems and more basic parts such as power steering and brakes. The origin of the chip shortage dates to early 2020 when Covid caused rolling shutdowns of vehicle assembly plants.
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