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GlobalFoundries generated nearly $2 billion in revenue last quarter

GlobalFoundries generated nearly $2 billion in revenue last quarter

In the case of TSMC, it is easy enough to write headlines about the company's record revenue, because it is a market leader and has a long enough \"watchdog history\" to compare publicly available financial performance.
GlobalFoundries entered the public stock market only recently, in October of last year, and therefore publishes its statistics only for the second time in a row.
According to Bloomberg, last quarter the company was able to raise revenue by 37% to $1.94 billion.advertisementSource image: GlobalFoundriesThis is above analyst expectations, but the company's own forecast for the current quarter was more optimistic than the consensus of experts - from $1.96 to $1.99 billion with expectations of $1.93 billion.
The company, like many market participants, trying to expand production capacity, attracting advance payments from customers to do so.
Not only automotive component suppliers, but also clients from defense equipment developers are interested in GlobalFoundries' production capabilities, because the company's American facilities have the necessary certifications.

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