GlobalFoundries Targets AI and Data Center Growth With Margin Expansion Goals
GlobalFoundries is focusing on growth in artificial intelligence, data centers, silicon photonics, and custom silicon to capitalize on long-term semiconductor demand. The company aims for a gross margin of 40% by 2028 and up to 45% longer term, with revenue expected to grow between 10-12% annually.
Tickers: $GFS
Topics: AI data centers dividends margins semiconductors