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GlobalFoundries Inc ( (GFS) ) just unveiled an announcement.
GlobalFoundries and IBM have announced a settlement of all ongoing litigation between them, including disputes over breach of contract, trade secrets, and intellectual property claims. The settlement, whose details remain confidential, ends a significant legal conflict, potentially paving the way for future collaborations between the two companies to strengthen the semiconductor industry and focus on future innovations that will benefit their organizations and customers.
More about GlobalFoundries Inc
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors used globally in various high-growth markets like automotive, smart mobile devices, and internet of things. The company operates a global manufacturing footprint across the U.S., Europe, and Asia, focusing on delivering power-efficient, high-performance products with an emphasis on security, longevity, and sustainability.
Average Trading Volume: 1,719,719
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $23.84B
Learn more about GFS stock on TipRanks’ Stock Analysis page.
