US Chips Act Beneficiary GlobalFoundries Stock Soars On Q1 Earnings - What's Going On?
"CEO Dr. Thomas Caulfield said, “As pockets of the semiconductor industry begin to emerge from the inventory correction, our teams are driving foundry innovation and differentiation for our customers across their essential end-markets. We are delighted with the awards from both the U.S. Department of Commerce and New York State to expand our manufacturing capability in the United States, which will complement our unique global capacity offering.”
https://finance.yahoo.com/news/us-chips-act-beneficiary-globalfoundries-202804090.html
"CEO Dr. Thomas Caulfield said, “As pockets of the semiconductor industry begin to emerge from the inventory correction, our teams are driving foundry innovation and differentiation for our customers across their essential end-markets. We are delighted with the awards from both the U.S. Department of Commerce and New York State to expand our manufacturing capability in the United States, which will complement our unique global capacity offering.”
https://finance.yahoo.com/news/us-chips-act-beneficiary-globalfoundries-202804090.html