GlobalFoundries

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Don't invest before reading what an AI found about GlobalFoundries Company Inc.

The game is changing. There is a new strategy to evaluate GlobalFoundries fundamental value, possible risks and most salient advantages. Investors have traditionally relied in reading large amounts of text to evaluate the fundamental value of a stock or company. However, the development of Artificial Intelligence (AI) tools is modifying the way investments are evaluated in markets. Today, machine learning, natural language processing and bigdata allow making this process automatic, reducing large amounts of text to the elements that have a higher activation in a neural network. We programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about GlobalFoundries are: GlobalFoundries, chip, New, York, Vermont, plant, Malta, and the …

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Stock Summary

GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, and network processors.

Today's Summary

Chip maker plans to spend more than $12 billion on the projects over 10 years. $10 million would be dedicated to training workers.

Today's News

Feds Steer $1.5 billion to GlobalFoundries Plants in Vermont, New York. The bulk of the money will go to the GlobalFoundry plant at its headquarters in Malta, N.Y. Shares of GlobalFoundries were up more than 8% in pre-market trading Tuesday after the chipmaker secured a $1.5 billion U.S. grant to boost chip production in the US. The chip maker manufactures chips that play a key role in national security. GlobalFoundries intends to use the funding to help pay for the construction of a new advanced chip factory in Malta, New York. $10 million would be dedicated to training workers and $1,000 annual subsidy for child care. The Biden administration said Monday the government is providing $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont. The chip maker intends to use the funding to help pay for the construction of a new advanced chip factory in Malta, New York. Feds award $1.5 billion to GlobalFoundries, in part to modernize Vermont plant. A small slice of the funding granted to the company is expected to upgrade and expand the semiconductor giants operations in Essex Junction. GlobalFoundries will receive $3.1 billion in federal grants and loans to expand its Upstate New York computer chip plant and modernize a factory in Vermont. The big subsidies offer a preview to the kind of announcement that President Joe Bidens administration is expected to make soon for Micron Technology. GlobalFoundries plans to spend more than $12 billion on the projects over 10 years. The company plans to upgrade its fab in Burlington, Vt., to make it capable of high-volume manufacturing for chips used in electric vehicles, power grid equipment. Semiconductor manufacturer GlobalFoundries will receive $1.5 billion in federal funding to help expand its New York and Vermont production facilities. The money is earmarked for a 10-year, $12 billion investment from both public and private sources. The investments are expected to generate more than 1,500 manufacturing jobs and construction jobs. GLOBALFOUNDRIES stock has received a consensus rating of buy. The high in the last 52 weeks was 72.37, the low was 48.12. GlobalFoundries gets $1.5 billion in federal chip manufacturing funds. GlobalFoundries to use $1.5 billion in funding to help pay for the construction of a new chip factory in Malta, New York, increase production at its existing plant in Malta as part of a strategic agreement with General Motors. GlobalFoundries revenue topped $7.392 billion for the whole year 2023, down from $8.108 billion in 2022 due to inventory adjustments by some customers and migration of others to different foundries and nodes. The share of automotive-related revenue increased from 5% in 2022. GlobalFoundries revenue decreased 9% year-on-year in 2023, but revenue from the automotive sector rose by a robust 180%. Huahong Group has officially taken over the Chengdu semiconductor plant.

Stock Profile

"GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York."

Keywords

This document will help you to evaluate GlobalFoundries without reading an infinite amount of sources. Relying only on stock quotes or prices to make investment decisions is a mistake. Analyzing and observing stock charts, highs and lows and other numerical data does not allow to evaluate the real value of a company. Stock quotes and prices are the result of underlying characteristics of a company and of events and news happening around them. For this reason, investing must be based on information, not numbers. As a solution, we programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about GlobalFoundries are: GlobalFoundries, chip, New, York, Vermont, plant, Malta, and the most common words in the summary are: globalfoundries, chip, best, new, news, york, say, . One of the sentences in the summary was: Chip maker plans to spend more than $12 billion on the projects over 10 years. Other searches related to this term that the AI found were: stockmarketlive, livestock, stockmarketforbeginners, thestockmarket, stockmarkettoday, stockmarkettrading, stockmarketstocks, todaystockmarket, thestockmarket, marketnews, stockmarketnews, whatisstockmarket, usstockmarket, stockmarketopen. #globalfoundries #chip #best #new #news #york #say.

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