GlobalFoundries Shares Rise Following Micron's U.S. Semiconductor Supply Chain Investment
Shares of GlobalFoundries (NASDAQ:GFS) rose by 6% after Micron Technology Inc. announced a $3 billion investment to strengthen the U.S. semiconductor supply chain, including a $500 million strategic financing agreement with GlobalWafers Co., Ltd. The move is expected to benefit GlobalFoundries through its existing partnership with GlobalWafers.