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GlobalFoundries Forecasts Q3 Revenue of $1.68 Billion, Falling Short of Expectations Amid Sluggish Smartphone Demand
2025-08-06 /
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Author：小编
GlobalFoundries has witnessed a lackluster performance in its share price recently, declining by 15% this year and an additional 6% in pre-market trading. Despite generating a third-quarter revenue of $1.68 billion, this figure fell short of market projections. Nevertheless, the company's automotive and data center divisions exhibited robust growth, with profits surpassing those anticipated in the second quarter. Amid the ongoing weakness in smartphone demand, GlobalFoundries is ramping up investments in emerging technologies to secure a competitive edge in the future chip market.
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