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Morningstar‘s Stock Analysis GFS

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GlobalFoundries Is Well-Positioned To Enjoy Strong Growth in 2022 Thanks to Broad-Based Demand

Abhinav Davuluri, CFA Sector Strategist

Business Strategy and Outlook

| Abhinav Davuluri, CFA |

GlobalFoundries is the world's fourth-largest dedicated contract chip manufacturer, or foundry. It creates integrated circuits for customers based on their proprietary integrated circuit designs. GlobalFoundries has benefited from the transition by most semiconductor companies from integrated device manufacturers to fabless business models. While we expect the firm to enjoy solid growth, we do not believe it has an economic moat.

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Key Statistics GFS

Company Profile GFS

Business Description

GlobalFoundries is a major dedicated contract chipmaker that was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2014.

400 Stonebreak Road Extension
Malta, NY, 12020
T +1 518 305-9013
Industry Semiconductors
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 14,600