Summary
GlobalFoundries is one of the world’s largest pure-play semiconductor foundries and offers a full range of mainstream wafer fabrication services and technologies. The company manufactures a broad range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers and power management units. The company was established in 2009 due to the strategic shift by Advanced Micro Devices, Inc. (AMD) which decided to become a fabless company and spin off their semiconductor manufacturing business. GFS completed its initial public offering listed on Nasdaq in November 2021.
The company currently operate manufacturing sites in the following locations: Malta, New York; Burlington, Vermont; Dresden, Germany; and Singapore. Given that most foundry production is concentrated in China and Taiwan, the company believes its global manufacturing footprint is a key differentiator that makes them the ideal partner for local and regional government stakeholders at a time when many regions, in particular the United States and Europe, have passed legislation contemplating significant funding to secure and grow their respective domestic semiconductor manufacturing capabilities.
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