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Top related persons:
Tim Stone - 1 David Reeder - 1 GlobalFoundries - 1 Stone - 1 Lockheed Martin - 1 Chavi Mehta - 1 Nivedita Bhattacharjee - 1 Arun Koyyur - 1
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Bengaluru
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Amazon - 1 AWS - 1 Ford Motor - 1 Devices - 1 Qualcomm - 1 Lockheed - 1 Global - 1 IDC - 1

Search resuls for: "David Reeder"


2 mentions found


☆ GlobalFoundries scraps plan to appoint former top Amazon executive as CFO
  + stars: | 2023-07-11 | by ( ) www.reuters.com   time to read: +1 min
July 11 (Reuters) - Chipmaker GlobalFoundries (GFS.O) has shelved its plan to appoint former Amazon executive Tim Stone as chief financial officer, it said on Tuesday, two months after choosing him. It said current CFO David Reeder will remain in the role through the end of the year as it looks for a new candidate. GlobalFoundries had in May named Stone, who was at Amazon (AMZN.O) for more than 20 years and served as CFO for AWS and Devices businesses. The chipmaker counts companies including Advanced Micro Devices (AMD.O), STMicroelectronics (STMPA.PA), Qualcomm (QCOM.O) and Lockheed Martin (LMT.N) among its customers. Reporting by Chavi Mehta in Bengaluru; Editing by Nivedita Bhattacharjee and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Tim Stone, David Reeder, GlobalFoundries, Stone, Lockheed Martin, Chavi Mehta, Nivedita Bhattacharjee, Arun Koyyur Organizations: Amazon, AWS, Ford Motor, Devices, Qualcomm, Lockheed, Global, IDC, Thomson Locations: Bengaluru
☆ Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall
  + stars: | 2023-05-09 | by ( ) www.reuters.com   time to read: +2 min
May 9 (Reuters) - GlobalFoundries Inc (GFS.O) projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other consumer electronics, sending its shares down nearly 5% in premarket trading. GlobalFoundries forecast second-quarter revenue between $1.81 billion and $1.85 billion, the midpoint of which was slightly lower than estimates of $1.85 billion, according to Refinitiv. GlobalFoundries' revenue came in at $1.84 billion for the quarter ended March 31, beating analysts' estimates of $1.83 billion, according to Refinitiv. GlobalFoundries reported an adjusted profit of 52 cents per share, exceeding Wall Street estimates of 49 cents per share. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
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