Globalfoundries

GlobalFoundries is replacing its change-data-capture infrastructure with Redpanda to stream equipment, process and scientific manufacturing data in real time and to connect core systems. Tier-0 systems are already in production, and the platform is being rolled out at global sites. The company plans to use AI agents to automate IT, procurement and operational workflows to increase transparency, responsiveness and efficiency. » More on de.investing.com

GlobalFoundries beat revenue and earnings forecasts for the second quarter (revenue $1.79bn, adjusted EPS $0.46) as well as non‑IFRS gross profit, yet the stock fell about 5.1% premarket. Investors are mainly worried about the feasibility of the margin targets (management targets ~30% gross margin by end‑2026 and 40% by end‑2028), customer concentration and a weak smartphone market, leaving the outlook in focus. CEO Tim Breen highlighted strong demand in silicon photonics and optical AI networks but could not assuage investors' short‑term caution. » More on de.investing.com

The Department of Commerce, via NIST and the CHIPS R&D Office, signed letters of intent to provide a combined $874 million in federal incentives for R&D in semiconductors and advanced photonics in exchange for minority, non-controlling equity stakes in seven companies. GlobalFoundries is slated to receive up to $300 million, Kepler up to $245 million and Multibeam up to $140 million, with remaining funds allocated to Extropic, Thintronics, Obsidia Semiconductors and Aeluma. The funding targets compute architectures, memory for AI systems and semiconductor equipment, aiming to boost domestic capability and high-paying jobs. » More on finance.yahoo.com