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GlobalFoundries CEO Discusses Foundry Strategy at Goldman Sachs Conference
On September 8, 2026, GlobalFoundries Inc. (NASDAQ: GFS) CEO Tim Breen took the stage at the Goldman Sachs Communacopia + Technology Conference in New York. The gathering, a key meeting for technology investors, included a concise interview with Goldman Sachs semiconductor analyst James Schneider.
Schneider asked Breen to explain what sets GlobalFoundries apart in the foundry market. Breen answered that the company has moved beyond the old leading‑edge/lagging‑edge model that once dominated the industry. He highlighted GlobalFoundries’ focus on specialized CMOS processes that support a broad spectrum of applications—from data‑center servers and consumer mobile devices to automotive, aerospace, defense and the Internet of Things.
GlobalFoundries emerged in 2009 after AMD sold its manufacturing arm. The company went public in October 2021, raising about $2.6 billion, and is majority‑owned by Mubadala Investment Company. Its 2023 filings list it as the third‑largest semiconductor foundry by revenue and note four wafer‑fabrication plants: a 200 mm and a 300 mm facility in Singapore, a 300 mm plant in Dresden, Germany, a 200 mm plant in Essex Junction, Vermont, and a 300 mm plant in Malta, New York.
In the Q1 2026 earnings release, GlobalFoundries posted $1.63 billion in revenue and a net profit of $227 million. The firm also revealed that its ultra‑low‑power FDX platform now offers Auto‑Grade 1 ready embedded MRAM (eMRAM), extending its product line into non‑volatile memory for edge and automotive use.
Breen said the company’s strategy is built around three pillars, though he did not enumerate them. He stressed that the diversity of use cases now requires a relentless focus on reliability, security and performance across all product lines. GlobalFoundries holds a “Trusted Foundry” designation from the U.S. federal government and comparable certifications in Singapore and Germany, reflecting its adherence to stringent security and quality standards.
Schneider’s line of questioning underscored the value of specialized CMOS processes in a landscape where many foundries chase the newest nodes. Breen’s remarks indicate that GlobalFoundries is positioning itself as a partner for customers who need mature, proven technology that can be delivered quickly and at scale.
Analysts note that GlobalFoundries’ diversified customer base and global footprint give it resilience against supply‑chain disruptions that have plagued other players. The firm’s emphasis on embedded MRAM and other niche technologies aligns with the growing demand for low‑power, high‑density memory in automotive and industrial markets.
Looking forward, GlobalFoundries has not announced new process nodes beyond its existing 28 nm and 22 nm lines, but it continues to invest in process‑integration tools and equipment upgrades. Recent financial results and product announcements point to a steady growth trajectory, with a particular emphasis on expanding its presence in the U.S. and European markets.
The conference call offered a concise snapshot of GlobalFoundries’ strategy and recent milestones. The company remains a key player in the semiconductor ecosystem, delivering specialized CMOS processes and emerging memory solutions while sustaining a robust global manufacturing network.
Schneider asked Breen to explain what sets GlobalFoundries apart in the foundry market. Breen answered that the company has moved beyond the old leading‑edge/lagging‑edge model that once dominated the industry. He highlighted GlobalFoundries’ focus on specialized CMOS processes that support a broad spectrum of applications—from data‑center servers and consumer mobile devices to automotive, aerospace, defense and the Internet of Things.
GlobalFoundries emerged in 2009 after AMD sold its manufacturing arm. The company went public in October 2021, raising about $2.6 billion, and is majority‑owned by Mubadala Investment Company. Its 2023 filings list it as the third‑largest semiconductor foundry by revenue and note four wafer‑fabrication plants: a 200 mm and a 300 mm facility in Singapore, a 300 mm plant in Dresden, Germany, a 200 mm plant in Essex Junction, Vermont, and a 300 mm plant in Malta, New York.
In the Q1 2026 earnings release, GlobalFoundries posted $1.63 billion in revenue and a net profit of $227 million. The firm also revealed that its ultra‑low‑power FDX platform now offers Auto‑Grade 1 ready embedded MRAM (eMRAM), extending its product line into non‑volatile memory for edge and automotive use.
Breen said the company’s strategy is built around three pillars, though he did not enumerate them. He stressed that the diversity of use cases now requires a relentless focus on reliability, security and performance across all product lines. GlobalFoundries holds a “Trusted Foundry” designation from the U.S. federal government and comparable certifications in Singapore and Germany, reflecting its adherence to stringent security and quality standards.
Schneider’s line of questioning underscored the value of specialized CMOS processes in a landscape where many foundries chase the newest nodes. Breen’s remarks indicate that GlobalFoundries is positioning itself as a partner for customers who need mature, proven technology that can be delivered quickly and at scale.
Analysts note that GlobalFoundries’ diversified customer base and global footprint give it resilience against supply‑chain disruptions that have plagued other players. The firm’s emphasis on embedded MRAM and other niche technologies aligns with the growing demand for low‑power, high‑density memory in automotive and industrial markets.
Looking forward, GlobalFoundries has not announced new process nodes beyond its existing 28 nm and 22 nm lines, but it continues to invest in process‑integration tools and equipment upgrades. Recent financial results and product announcements point to a steady growth trajectory, with a particular emphasis on expanding its presence in the U.S. and European markets.
The conference call offered a concise snapshot of GlobalFoundries’ strategy and recent milestones. The company remains a key player in the semiconductor ecosystem, delivering specialized CMOS processes and emerging memory solutions while sustaining a robust global manufacturing network.
