GLOBALFOUNDRIES Inc

GFS: XNAS (USA)
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GlobalFoundries Earnings: Automotive and Data Center Growth Key to Reaching 30% Gross Margin Target

GlobalFoundries' fourth-quarter 2024 revenue was no surprise at $1.83 billion, up 5% sequentially. Gross margin rose 73 basis points from the prior quarter to 24.5%, less than we expected amid a temporary shift away from more-profitable smart mobile products.

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