Wednesday, December 1, 2021

GlobalFoundries reports Q3 net revenue rose 56% YoY to $1.7B as profit reached $5M, up from a $293M loss YoY, in its first post-IPO earnings report (Maria Armental/Wall Street Journal)

Maria Armental / Wall Street Journal:
GlobalFoundries reports Q3 net revenue rose 56% YoY to $1.7B as profit reached $5M, up from a $293M loss YoY, in its first post-IPO earnings report  —  The financial report was the company's first as a public company, which started trading publicly in October



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Sources: the US office responsible for the $52B CHIPS Act will lose ~40% of its staff, including ~40 who are probationary, as Trump cuts the federal workforce (Mackenzie Hawkins/Bloomberg)

Mackenzie Hawkins / Bloomberg : Sources: the US office responsible for the $52B CHIPS Act will lose ~40% of its staff, including ~40 who ...