Noesion Radarnoesion.ai
Market2026-08-05

GlobalFoundries reported second-quarter 2026 revenue of $1.79 billion, above the high end of its guidance and up 9% sequentially, with 89% of revenue from manufacturing services and roughly 11% from technology services. The communications infrastructure and data center end market grew about 60% year over year and 20% sequentially to 16% of revenue, which CEO Timothy Breen attributed to optical networking demand served by the company's silicon photonics and silicon germanium technologies. In June the company closed its $455 million acquisition of Synopsys' ARC Processor IP Solutions business, tied to a "physical AI" strategy, and it used a $375 million U.S. Department of Commerce award to launch a spinoff, Quantum Technology Solutions. GlobalFoundries also secured three chiplet design contracts with Lockheed Martin, raised 300mm-equivalent wafer shipments 8% sequentially, and received a Commerce letter of intent for up to $300 million for silicon photonics development.

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