Full-Time
Updated on 9/4/2026
Semiconductor foundry delivering specialized chips
$54.2k - $110.3k/yr
Company Does Not Provide H1B Sponsorship
Austin, TX, USA
In Person
Bachelor's, Master's
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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
Navitas Semiconductor has begun shipping its fifth-generation GaNFast gallium nitride power semiconductors manufactured in the United States through a partnership with GlobalFoundries. The first shipments from GlobalFoundries' Burlington, Vermont facility are scheduled for September, with strategic customer samples expected before year-end. The collaboration, announced in November 2025, combines Navitas' proprietary GaN technology with GlobalFoundries' 200mm manufacturing capabilities. The partnership aims to strengthen the domestic supply chain for AI infrastructure and critical national security applications. The initial product family includes 650V GaN FETs with various resistance specifications. Navitas has pioneered GaN power semiconductor innovation since 2014 and holds more than 300 issued and pending patents across GaN and silicon carbide technologies. The partnership marks a significant milestone in establishing trusted US-based production of advanced power semiconductors for AI infrastructure, high-performance computing, and industrial applications.
GlobalFoundries has secured a $1.5 billion credit facility led by JPMorgan, maturing in 2031. The semiconductor manufacturer recently prepaid approximately $664 million in outstanding term loans in early 2025. The company maintains a strong financial position with roughly $3.3 billion in cash and marketable securities against total debt of approximately $1.1 billion. Its most recent quarterly revenue exceeded $1.7 billion. The new facility expands GlobalFoundries' borrowing capacity from a previous $1 billion revolving credit arrangement. JPMorgan, which already maintains relationships with the company through equity research and structured products, now takes on a lead lending role. GlobalFoundries produces specialised semiconductors for automotive, IoT, and communications infrastructure sectors. The expanded credit line provides additional financial flexibility amid industry-wide buildout plans and shifting trade dynamics.
GLOBALFOUNDRIES shares fell 7.2% on Monday to $50.05, despite beating June-quarter revenue estimates and raising its outlook for its fastest-growing segment. The semiconductor foundry's communications infrastructure and data centre market grew 62% year-over-year, driven by demand for silicon photonics and silicon germanium chips used in optical networking equipment. However, this high-growth segment represents only 16% of total revenue, approximately $290 million of the $1.786 billion reported for the quarter. Meanwhile, the company's largest segment, smart mobile devices at 36% of revenue, is expected to decline by a low-teens percentage in 2026 due to memory pricing pressures. Overall company revenue grew just 6% year-over-year. The foundry said it is oversubscribed on silicon germanium capacity through 2027 and is expanding within existing facilities. The stock has shown significant volatility, moving in different directions across four trading sessions following the earnings report.
GlobalFoundries reported second-quarter fiscal 2026 revenue of $1.786 billion, up 9% sequentially and 6% year over year. Non-IFRS gross margin expanded to 29.9%, whilst diluted earnings reached $0.46 per share. Communications infrastructure and data-centre revenue surged 62% year over year, driven by silicon photonics and silicon-germanium demand. The company raised its full-year outlook for this segment to 50–60% growth, up from the high-30% range previously expected. Silicon photonics revenue is now projected to more than double in 2026. The firm guided third-quarter revenue of $1.885 billion and earnings per share of $0.51, plus or minus $0.05. GlobalFoundries completed acquisitions of Synopsys' ARC Processor IP Solutions and Photeon Technologies' custom power team, expecting these to contribute $100 million to $120 million in technology-services revenue for 2026.
GlobalFoundries will receive $300 million in US government funding to support research for technology used in artificial intelligence infrastructure. The semiconductor manufacturer's award comes through the CHIPS Act programme. The funding will help develop advanced semiconductor technologies needed for AI systems and related infrastructure.