GlobalFoundries revenue worldwide 2020-2023, by end market

GlobalFoundries is one of the world's leading semiconductor manufacturers. The revenue of the company has gone down from 2022 to 2023 to 7.39 billion U.S. dollars. The bulk of revenue was generated by smart mobile devices as the end market.

GlobalFoundries competes with the likes of TSMC and Samsung Foundry

The foundry market leader is Taiwan Semiconductor Manufacturing Company (TSMC), with the company contracted to complete fabrication tasks for a variety of customers including Apple, AMD, and Qualcomm. To meet the growing demands for semiconductors, chip manufacturers have announced investments that will support capacity increases, particularly in the development of new fabrication plants.

GlobalFoundries is developing its operations in the United States and Europe

To address the challenges of the growing demand for semiconductors, governments around the world have set out investment plans and growth strategies to support the industry. GlobalFoundries has looked to capitalize on the 50 billion U.S. dollars available via the CHIPS for America Fund with a series of partnerships, including with General Motors (GM). Looking across to Europe, GlobalFoundries has sought to benefit from the 43 billion euros of public and private investment via the European Union with the construction and operation of a new microchip manufacturing facility in France.