GlobalFoundries Inc. (GFS) is one of the world's largest pure-play semiconductor foundries, offering a full range of mainstream wafer fabrication services and technologies. The company manufactures a broad range of semiconductor devices, including microprocessors, mobile application processors, and other integrated circuit products. Unlike leading-edge foundries such as TSMC and Samsung that compete at the most advanced process nodes, GlobalFoundries focuses on differentiated specialty technologies and mature process nodes, serving automotive, IoT, and communications infrastructure markets where reliability and cost matter more than transistor density. GlobalFoundries is headquartered in Malta, New York, and operates fabrication facilities across multiple countries, including the United States, Germany, and Singapore. The company trades on the Nasdaq under the ticker GFS.

GlobalFoundries has been a participant in the broader push for domestic semiconductor manufacturing resilience. In February 2024, the U.S. Department of Commerce announced preliminary terms for up to $1.5 billion in CHIPS and Science Act funding to support the expansion and modernization of GlobalFoundries' facilities in New York and Vermont, part of a wider federal effort to reduce reliance on overseas chip production.

Argus Research has published a stock forecast report on GlobalFoundries. The full report is available through Yahoo Finance Silver subscription.

The report is authored by James Kelleher, CFA, Director of Research and Senior Analyst covering Technology at Argus.

Kelleher has worked in the financial services industry for over 25 years and joined Argus in 1993. He serves as director of research and is a member of the firm's Investment Policy Committee. He has been instrumental in building Argus' proprietary valuation models, which form a key component of the Argus Six-Point Rating System. He also oversees Argus' technical analysis products, writes the Portfolio Selector report and other publications, and manages several Argus model portfolios.

As a Senior Analyst, Kelleher covers Communications Equipment, Semiconductors, Information Processing, and Electronic Manufacturing Services companies. He is a CFA charter-holder and a three-time winner in The Wall Street Journal's "Best on the Street" All-Star Analyst Survey. In July 2010, McGraw-Hill Professional published his book, Equity Valuation for Analysts & Investors, a single-volume treatment of financial modeling and valuation processes that introduces the Argus proprietary valuation methodology known as Peer Derived Value.

Source: Yahoo Finance / Argus Research