See every side of every news story
Get Started
SubscribeLogin
Israel-Hamas Conflict
Tariffs
Donald Trump
Baseball
Nintendo
Natural Disasters
Social Media
European Union
Trade War
Republican Party
Taxes
Democratic Party
Senate
Published • loading... • Updated

GlobalFoundries Reports Fourth Quarter 2024 and Fiscal Year 2024 Financial Results

Summary by techpowerup.com
GlobalFoundries Inc. (GF), today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2024. "In the fourth quarter, the GF team delivered solid financial results that exceeded the Non-IFRS midpoint of the guidance ranges we provided in our November earnings release," said Dr. Thomas Caulfield, President and CEO of GF. "2024 presented a unique set of challenges for our industry, but thanks to our focu…
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

3 Articles

All
Left
Center
Right
eeNews EuropeeeNews Europe

GlobalFoundries sees challenging 2024

Amid board changes and speculation about Tom Caulfield taking over at Intel, GlobalFoundries has posted a significant fall in revenue and profits for 2024. The foundry saw revenue of $6.750 billion, down 9% from $7.39bn in 2023, with a net loss of $262m, down from a profit of $1.1bn last year. “2024 presented a unique […] The post GlobalFoundries sees challenging 2024 appeared first on eeNews Europe.

Read Full Article
Global FoundriesGlobal Foundries
Reposted by
techpowerup.comtechpowerup.com

GlobalFoundries Reports Fourth Quarter 2024 and Fiscal Year 2024 Financial Results

table tbody td { border-right: 0px !important; border-left: 0px !important; } MALTA, N.Y., Feb. 11, 2025 (GLOBE NEWSWIRE) — GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2024. Key Fourth Quarter Financial Highlights Revenue of $1.830 billion Gross margin of 24.5% and Non-IFRS gross margin(1) of 25.4% Operating margin of (38.3)% and Non-IFRS operati…

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • There is no tracked Bias information for the sources covering this story.
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Global Foundries broke the news in on Tuesday, February 11, 2025.
Sources are mostly out of (0)

Similar News Topics

Semiconductors

Semiconductors

Artificial Intelligence

Artificial Intelligence

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.

News
For You
SearchBlindspotLocal