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Taiwanese chipmaker UMC has denied reports of merger talks with GlobalFoundries, stating that no discussions are taking place. Despite the denial, UMC's shares rose by 2.02% to NT$45.55, while its American depositary receipts surged 9.16%. A merger would have created a combined market share of 9.3%, surpassing competitors but still trailing TSMC.
GlobalFoundries is in discussions with Taiwanese chipmaker UMC regarding a potential merger, according to reports from Nikkei. This move could significantly impact the semiconductor industry landscape as both companies explore collaboration opportunities.
PsiQuantum is raising at least $750 million at a pre-money valuation of $6 billion, with BlackRock leading the funding round. The company utilizes semiconductor manufacturing techniques for quantum processors and collaborates with GlobalFoundries to enhance production. PsiQuantum is also partnering with the Australian and US governments to develop quantum computers in Brisbane and Chicago, despite ongoing challenges with high error rates in quantum computing.
Taiwan Semiconductor Manufacturing Co. (TSMC) solidified its lead in the global pure-play wafer foundry market, achieving a 67.1% market share in Q4 2024, up from 64.7% the previous quarter, with sales reaching US$26.85 billion, a 14.1% increase fueled by strong demand for smartphones and AI applications.In contrast, Samsung Electronics experienced a decline in market share from 9.1% to 8.1%, with sales falling 1.4% to US$3.26 billion due to lost orders from existing clients. Other notable players included SMIC (5.5%), UMC (4.7%), GlobalFoundries (4.6%), and Huahong Group (2.6%), with the top 10 companies generating US$38.48 billion in sales, representing 96% of the global market.
SBI Securities Co. Ltd. acquired a new position in GlobalFoundries worth $52,000 in the 4th quarter. GlobalFoundries, a semiconductor foundry, has seen its stock ratings fluctuate, with UBS lowering its price target to $45.00 while Needham upgraded it to a "buy" with a $50.00 target. The stock currently holds a "Hold" rating among analysts, with an average target price of $50.00.
The US has added Chinese chipmaker Sophgo to its "Entity List" due to concerns over national security, particularly its suspected ties to Huawei. This follows TSMC halting chip production for Sophgo after an order resembling Huawei's AI silicon. The move reflects ongoing tensions regarding advanced technology access for military applications in China.
GlobalFoundries, Inc. focuses on semiconductor development, manufacturing, and marketing, primarily for the automotive and consumer electronics sectors. Its net sales are predominantly from semiconductor wafers (92.3%), with a smaller portion from semiconductor masks (7.7%). The company operates four production sites across the U.S., Germany, and Singapore, with a sales distribution of 57.7% in the U.S., 20.7% in Europe/Middle East/Africa, and 21.6% in other regions.
GlobalFoundries (NASDAQ:GFS) attracted attention as UBS initiated coverage with a Neutral rating and a price target of $47. The company's shares showed little movement in premarket trading. UBS highlighted GlobalFoundries' diverse technologies and its operational capacity located in the US, Europe, and Singapore.
UBS analyst Timothy Arcuri has initiated coverage on GlobalFoundries Inc. (NASDAQ: GFS) with a Neutral rating. A price target has been set, although specific details are not disclosed in the report.
Taiwan Semiconductor Manufacturing Co. and GlobalFoundries Inc. have completed negotiations for binding agreements involving billions in grants and loans to support U.S. factories. While the exact timing for signing the agreements and unveiling the incentives remains uncertain, the award amounts align with earlier preliminary agreements.
GLOBALFOUNDRIES Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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