initial public offerings (IPOs) trading on American exchanges

Friday, February 11, 2022

GlobalFoundries (GFS) began trading on the Nasdaq on Thur 28 Oct 21

GlobalFoundries, which was spun off from Advanced Micro Devices (AMD) in 2009, is the world’s third-largest foundry based on revenue. In 2020, the company reported revenue of $5.7 billion. As demand for chips surged in 2021, GlobalFoundries’ net revenue for the first half of the year was $3.04 billion, an increase of about 13% from a year earlier. Some of the company’s largest customers include several Nasdaq-listed companies, such as Qualcomm (QCOM), NXP Semiconductors (NXPI), AMD and Broadcom (AVGO).

GlobalFoundries Inc. is a multinational semiconductor contract manufacturing and design company incorporated in the Cayman Islands and headquartered in Malta, New York. 
Headquarters: Santa Clara, CA
CEO: Thomas Caulfield (Mar 9, 2018–)
Revenue: 6 billion USD (2020)
Number of employees: 15,000
Founded: March 2, 2009, Sunnyvale, CA
  • IPO date: Oct. 28 
  • Nasdaq’s largest U.S. IPO by proceeds raised in 2021 and the largest semiconductor IPO in its history.

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