What does GlobalFoundries Inc do?
GF is one of the world's leading semiconductor manufacturers and the only one with a truly global footprint. We are redefining innovation and semiconductor manufacturing by developing feature-rich process technology solutions that provide leadership performance in pervasive high growth markets.
Is GlobalFoundries a good investment?
GlobalFoundries has pulled off a successful IPO, and both massive revenue growth and a turn to profitability appear to confirm investor inclinations to bid the stock price higher. Also, despite a moderate sales multiple, the lingering global chip shortage should bode well for the stock's near-term prospects.
When did AMD sell GlobalFoundries?
GlobalFoundries was created when AMD spun off its chip factory operations in 2009 and has supplied AMD since then. However, GlobalFoundries in 2018 decided to quit pursuing leading edge chipmaking technologies.