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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.

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