From Nasdaq: 2025-06-04 09:09:00

GlobalFoundries Inc. plans to invest $16 billion to enhance semiconductor manufacturing in New York and Vermont. The company is partnering with major tech firms like Apple, SpaceX, and AMD to drive growth in artificial intelligence. This investment is part of GFS’s U.S. expansion strategy, which includes over $13 billion for facility upgrades and the New York Advanced Packaging and Photonics Center. In pre-market trading, GFS stock is up 0.37% on the Nasdaq, trading at $37.01.



Read more at Nasdaq: GlobalFoundries To Invest $16 Bln To Boost AI-Related Capabilities