GlobalFoundries gains after $2 billion silicon interposer deal with TSMC
08/10/2026 13:41
BUZZ-GlobalFoundries gains after $2 billion silicon interposer deal with TSMC ** Shares of chip company GlobalFoundries GFS.O rise 4.64% to $50.29 premarket
** Co reaches multi-year $2 billion agreement with TSMC 2330.TW to establish US-based supply of silicon interposers for advanced AI packaging
** Agreement expands capacity at co's Malta, New York facility and supports growing demand for AI and high-performance computing
** Volume production expected to ramp in first half of 2028; agreement has initial five-year term
** Average rating of 23 analysts is "hold"; median PT is $72 — data compiled by LSEG
** Up to last close, GFS stock up 37.7% YTD
(Reporting by Anzar Mehraj in Bengaluru)