https://safirsoft.com GlobalFoundries IPO issues could be worth $25 billion

GlobalFoundries is preparing for an initial public offering, and analysts expect it to be worth about $25 billion. The company is still looking into the details of future stock sales, but it appears to be well positioned to cash in on the chip boom, especially when it comes to mature operations.

In July, rumors swirled about Intel's interest in buying semiconductor giant GlobalFoundries for $30 billion, perhaps as a quick way to support the IDM 2.0 initiative that led to the creation of Intel Casting Services This would have been one of the The biggest deals in history, but Tom Caulfield, CEO of GlobalFoundries, quickly dispelled the rumors. In an initial public offering this week, the company submitted its $1 billion bid, which is likely to determine the true value that will be determined after the terms of the share sale are agreed. Analysts expect a valuation of $25 billion. ">

The case file also reveals some interesting details about the company's financial performance. In 2020, the company reported a net profit of $1.35 billion worth of $4.85 billion. As of June, the net income was 3.05. billion, up 13 percent year on year.

Some of you may remember that GlobalFoundries was founded in 2009 when AMD was in business. It sold its production to Abu Dhabi-based Mobadala Investment, and AMD Spinach later merged with Singapore's Chartered Semiconductor Manufacturing Ltd., and has since become the world's fourth largest chip maker after TSMC, Samsung and UMC.GlobalFoundries are well positioned to catch up with the current wave of chip demand, especially when it comes to this. More advanced EUV-based chip manufacturing has been favored, but some companies, especially automakers, are reluctant to accept it. Ned The auto industry is expected to end this year with a loss of 210 billion d. lar due to a lack of chips, so GlobalFoundries is one of the few companies that can turn automakers into an offer they can't refuse

Related news, drop. TSMC President Mark Liu claims that some companies have a monopoly on chips, which is one of the main reasons for the persistent shortage of chips.

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GlobalFoundries IPO issues could be worth $25 billion
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