Seth
Seth|Jun 02, 2026 14:48
By the order of President Trump, pump it to the moon. GFS up another 5.98%. The US Quantum Solace. GlobalFoundries just crushed it in their Q1 2026 earnings with revenue hitting $1.63 billion and record gross margins at 29%, thanks to shifting away from mobile chips toward hotter areas like auto and data centers. They’re seeing massive demand in silicon photonics and SiGe for AI stuff, with their Vermont fab already booked solid through 2027 and design wins jumping 50%. On top of that, the Trump administration just dropped $375 million in funding to turn GF into a major U.S. quantum foundry, which lines up perfectly with their existing photonics tech and reshoring push.(Seth)
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