GlobalFoundries posts $1.688 billion revenue for Q3, expands European and U.S. capacity
MALTA – GLOBALFOUNDRIES Inc. (Nasdaq: GFS) reported preliminary third-quarter results on Wednesday, posting revenue of $1.688 billion and net income of $249 million, as the chipmaker saw continued strength in automotive and data center demand. Gross margin rose to 24.8%, with non-IFRS gross margin at 26.0%, while operating margin reached 11.6%, or 15.4% on a…