Stock

# GlobalFoundries (GFS)

GlobalFoundries is a specialty contract chipmaker that was picked to run two new New York fabs funded by up to $21B from Japan.

Updated Oct 29, 2026

Information and analysis only, not a recommendation to buy, sell or hold any security. The author may own securities discussed.

Researched and drafted with AI agents. Every figure is taken from a source cited on the page.

Analysis and information

## What it does

GlobalFoundries (GF) is a contract chipmaker with fabs in the US, Europe and Asia. It makes specialty chips for automotive, aerospace and defense, data center, mobile and other markets. Its silicon photonics and silicon-germanium processes serve optical networking in AI data centers.

## Role in the theme

In the Chips, equipment and servers theme, GF makes specialty chips for optical networking in AI data centers. It is also adding US factory capacity with government and foreign funding.

## Latest

- **2026-10-14:** GF was selected to run two new fabs at its Malta, New York, site under a US-Japan initiative with up to $21B of funding from Japan. The first fab, about $10B, is expected to come online in 2029. It would add about 900,000 300mm wafers a year when fully running.
- **2026-10-14:** In a separate agreement, the US Commerce Department will receive about 4% of GF's equity. GF's CHIPS Act award was amended to move $955M toward silicon photonics, silicon-germanium and advanced packaging in Malta and Burlington, Vermont.
- **2026-08-05:** Q2 revenue was $1.786B, up 6% from a year earlier. Gross margin was 28.3%, or 29.9% on a non-IFRS basis.

## What to watch

- **Groundbreaking** of the first new Malta fab, which GF expects later this year.
- **Terms of the Commerce equity stake** of about 4%.
- **Optical networking revenue,** which the CEO named as a growth driver.
- **Next report:** Q3 2026 results on 2026-11-04, with a call at 8:30 a.m. ET (confirmed by the company).

## Covered in

- Theme: [Chips, equipment and servers](/research/themes/chips-equipment-servers)

## Sources

Primary means the publisher of the data or the filing; secondary means press or an aggregator.
- [GlobalFoundries selected to operate two new semiconductor fabs in New York](https://www.sec.gov/Archives/edgar/data/1709048/000170904826000252/gfpressreleasefinal.htm)Primary 2026-10-14
- [GlobalFoundries reports second quarter 2026 financial results](https://www.sec.gov/Archives/edgar/data/1709048/000170904826000218/globalfoundries2q2026earni.htm)Primary 2026-08-05
- [GlobalFoundries announces Q3 2026 conference call (GlobeNewswire copy)](https://finviz.com/news/396893/globalfoundries-announces-conference-call-to-review-third-quarter-2026-financial-results)Secondary 2026-09-30
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