None
EN
GlobalFoundries drives Q2 revenue to $1.79B, completes Synopsys deal
['Jeff Kinney']
Manufacturing Dive - Latest News
GlobalFoundries also used a $375 million U.S. Department of Commerce award to start a spinoff called Quantum Technology Solutions, which will focus on scaling quantum industry manufacturing capabilities.
Dive Insight:GlobalFoundries’ strong Q2 results come as the demand for semiconductor manufacturing and data center build-outs shows no signs of abating.
Second-quarter revenue was up 9% sequentially, CFO Sam Franklin said on the earnings call, 89% of which came from manufacturing services.
Revenue from technology services, including intellectual property, licensing, software, reticles, nonrecurring engineering, expedite fees and other items, comprised about 11% of total revenue in Q2.
Communications infrastructure and data center comprised 16%, increasing 20% sequentially.