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VPY1979
2021-10-29

Failed to mention Singapore site. The money making fab of them all.

GlobalFoundries shares opened around $46.7, or 0.64% below $47 IPO price.

GlobalFoundries shares opened around $46.7, or 0.64% below $47 IPO price. GlobalFoundries employs 3

GlobalFoundries shares opened around $46.7, or 0.64% below $47 IPO price.

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The money making fab of them all.","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/854640742","repostId":1124317794,"repostType":4,"repost":{"id":"1124317794","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1635436379,"share":"https://www.laohu8.com/m/news/1124317794?lang=&edition=full","pubTime":"2021-10-28 23:52","market":"us","language":"en","title":"GlobalFoundries shares opened around $46.7, or 0.64% below $47 IPO price.","url":"https://stock-news.laohu8.com/highlight/detail?id=1124317794","media":"Tiger Newspress","summary":"GlobalFoundries shares opened around $46.7, or 0.64% below $47 IPO price.\n\nGlobalFoundries employs 3","content":"<p>GlobalFoundries shares&nbsp;opened around $46.7, or&nbsp;0.64% below $47 IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/545a1e9fb33e8ba9887b041d337cb1bb\" tg-width=\"879\" tg-height=\"624\" referrerpolicy=\"no-referrer\"></p>\n<p>GlobalFoundries employs 3,000 people at its Fab 8 campus in Saratoga County, home to its headquarters and its most advanced chip factory.</p>\n<p>Until now, GlobalFoundries has been privately owned by the government of Abu Dhabi through a sovereign wealth fund known as Mubadala Investment Co.</p>\n<p>Looking to diversify its oil-focused economy, Abu Dhabi provided much of the initial investment to create GlobalFoundries more than a decade ago as a spinoff from Advanced Micro Devices into a so-called foundry that would not only make AMD's chips but also chips for other companies.</p>\n<p>GlobalFoundries essentially took AMD's factories around the world off its hands and then built Fab 8 at the Luther Forest Technology Campus in Malta. 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The facility is the company's most advanced chip factory. GlobalFoundries is planning a second one at the Fab 8 site within the next few years.</p>\n<p>CEO Tom Caulfield, a native New Yorker, also moved the company's headquarters from Silicon Valley to Malta earlier this year, a move that U.S. Senate Majority Leader Charles Schumer has been asking the company to do for years.</p>\n<p>GlobalFoundries also took over the chipmaking operations of IBM as well, although that deal ended up in a recent legal battle, with IBM accusing GlobalFoundries of falling short on its promises under the agreement.</p>\n<p>The rise of GlobalFoundries from startup to global chip foundry coincides with the consolidation of the chip industry, leaving only a few major players that still own and operate chip factories, or fabs, that can cost up to $10 billion each.</p>\n<p>The other major manufacturers are Intel, Samsung and Taiwan Semiconductor Manufacturing Co., or TSMC, all of which are substantially larger than GlobalFoundries.</p>\n<p>However, GlobalFoundries has important Department of Defense contracts.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GFS":"GLOBALFOUNDRIES Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124317794","content_text":"GlobalFoundries shares opened around $46.7, or 0.64% below $47 IPO price.\n\nGlobalFoundries employs 3,000 people at its Fab 8 campus in Saratoga County, home to its headquarters and its most advanced chip factory.\nUntil now, GlobalFoundries has been privately owned by the government of Abu Dhabi through a sovereign wealth fund known as Mubadala Investment Co.\nLooking to diversify its oil-focused economy, Abu Dhabi provided much of the initial investment to create GlobalFoundries more than a decade ago as a spinoff from Advanced Micro Devices into a so-called foundry that would not only make AMD's chips but also chips for other companies.\nGlobalFoundries essentially took AMD's factories around the world off its hands and then built Fab 8 at the Luther Forest Technology Campus in Malta. 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