GFS · GLOBALFOUNDRIES
AI read · Good for GFS
The AI's read
Sales now come from more than phone devices. Demand from data centers, cars, and connected home and factory products is growing, and the company expects $2 billion in Q4 sales with slightly higher margins. Its planned $4 billion factory spending has customer prepayments and government grants behind it. Phone-device sales fell, but growth in other areas and the stronger Q4 outlook outweigh that decline.