Full-Time
Posted on 4/18/2026
Semiconductor foundry delivering specialized chips
$92.5k - $167k/yr
Company Does Not Provide H1B Sponsorship
Austin, TX, USA
In Person
GlobalFoundries is a semiconductor foundry that manufactures chips for a broad range of customers, focusing on feature-rich, reliable technologies for cars, IoT, 5G, and other high-growth markets. It operates by fabricating silicon wafers for customer designs, offering mature, specialized processes rather than chasing the most advanced nodes. This makes it different from peers that prize the latest process nodes; GlobalFoundries emphasizes diversification across a global manufacturing footprint (U.S., Europe, Singapore) and stable supply for essential applications. Its goal is to be a leading supplier of high-volume, specialty manufacturing that enables reliable chips for everyday devices and growing tech markets.
Company Size
10,001+
Company Stage
IPO
Headquarters
Town of Malta, New York
Founded
2009
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Professional Development Budget
GlobalFoundries is positioning silicon photonics as essential infrastructure for AI data centres, arguing that copper-based connectivity becomes fundamentally limited beyond 200 gigabits per lane. The company says optical interconnects scale more effectively for reach, bandwidth density and energy efficiency as AI systems drive growth in "east-west" machine-to-machine traffic. The chipmaker is deploying a full silicon photonics stack across 200mm and 300mm fabrication facilities in New York and Singapore, with a co-packaged optics facility planned for Malta, New York in 2025. Recent acquisitions of AMF and InfiniLink have expanded its capabilities. Management expects silicon photonics revenue to double in 2026, with a clear path to exceeding $1 billion annual run rate by end-2028. The company estimates its serviceable addressable market will reach approximately $11 billion by 2030.
GlobalFoundries Inc. (NASDAQ: GFS) announced a secondary public offering of 20 million ordinary shares and a concurrent share repurchase of approximately $300 million worth of shares. Mubadala Technology...
UBS raised its price target on GLOBALFOUNDRIES Inc. to $50 from $45 on 12 February, maintaining a neutral rating. The bank cited 2026 as a transition year as the semiconductor foundry's end-market exposure shifts. The upgrade followed strong fourth-quarter results, with earnings per share of 55 cents beating consensus estimates of 47 cents and revenue of $1.83 billion exceeding expectations of $1.8 billion. Non-IFRS gross margin expanded nearly 400 basis points year-over-year. TD Cowen and Baird also raised their price targets to $56 and $60 respectively, with analysts highlighting momentum in communications, data centres, defence, aerospace and automotive sectors. CEO Tim Breen said recent acquisitions are expanding capabilities to serve AI data centre and onshoring megatrends.
Globalfoundries shares surged 16.32% to $48.74 on Wednesday, reaching a one-year high after the chipmaker swung to profitability in 2025. The company reported net income of $888 million, a 439% improvement from a $262 million loss in 2024, despite revenues rising just 1% to $6.79 billion. In the fourth quarter, Globalfoundries posted net income of $200 million, reversing a $729 million loss from the previous year, whilst revenues remained flat at $1.83 billion. The company also announced a $500 million share buyback programme running for 12 months to boost shareholder value. The initiative will be executed through open market purchases and privately negotiated transactions and may be modified or terminated at any time.
The dual acquisition of InfiniLink in Cairo and AMF in Singapore positions GlobalFoundries to accelerate next-generation optical engines and 400G/λ data center innovation.