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Recent Updates — GFS

September 8, 2026View Source ↗

On September 3, 2026, GlobalFoundries entered into a Securities Issuance Agreement with the U.S. Department of Commerce to issue 9,907,399 ordinary shares at $37.85 per share. The agreement includes transfer restrictions prohibiting sales to competitors and voting limitations for government-owned shares. This transaction represents a significant equity issuance involving strategic government investment.

August 27, 2026View Source ↗

On August 21, 2026, GlobalFoundries entered into a new senior unsecured revolving credit agreement with an aggregate commitment of $1.5 billion, maturing on August 21, 2031, with options for two one-year extensions. The facility allows borrowings in U.S. Dollars or Euros and is guaranteed by the parent company to support general corporate purposes. Concurrently, GlobalFoundries terminated its existing revolving credit agreement dated October 18, 2019, which had a $1 billion commitment and was set to mature on October 13, 2026; no amounts were outstanding under the prior facility at termination. The new agreement imposes a maximum consolidated leverage ratio of 4.00 to 1.00. GlobalFoundries operates in the semiconductor industry, specializing in the design and manufacturing of integrated circuits.

August 5, 2026View Source ↗

GlobalFoundries reported second quarter 2026 financial results with revenue of $1.786 billion, a gross margin of 28.3%, and net income of $167 million, or diluted EPS of $0.30. The company announced guidance for the third quarter of 2026 projecting net revenue between $1.86 billion and $1.91 billion and Non-IFRS diluted EPS between $0.46 and $0.56. Additionally, GlobalFoundries declared a quarterly cash dividend of $0.12 per share, payable on October 9, 2026 to shareholders of record as of September 23, 2026. Recent business highlights include the completion of acquisitions for Photeon Technologies' IVR business and Synopsys’ ARC Processor IP Solutions, alongside a $300 million letter of intent with the U.S. Department of Commerce for silicon photonics research.

July 29, 2026View Source ↗

At its Annual General Meeting on July 28, 2026, shareholders elected David Kerko, Jack Lazar, and Carlos Obeid as Class II directors with approval rates of 99.53%, 94.44%, and 82.35% respectively, and ratified PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2026. Concurrently, Elissa Murphy resigned from the Board effective July 28, 2026, while Martin L. Edelman’s term expired without re-election. These departures reduced the Board size from thirteen to eleven directors. GLOBALFOUNDRIES Inc. operates in the semiconductor industry, specializing in the manufacturing of integrated circuits and system-on-chip solutions.