GlobalFoundries' 3Q24 earnings: 7% revenue growth driven by design wins despite YoY decline

Levi Li, DIGITIMES Asia, Taipei Wednesday 6 November 2024 0

President and CEO of GlobalFoundries, Thomas Caulfield. Credit: AFP

GlobalFoundries (GF) posted earnings results for the third quarter of 2024 that ended September 30, 2024, achieving 7% sequential revenue growth to US$1.739 billion, primarily driven by gains in the automotive and smart mobile sectors. The company exceeded...

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