UPDATE: Jefferies Starts GlobalFoundries Inc. (GFS) at Buy
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GlobalFoundries, Ford to Address Auto Chip Supply and Meet Growing Demand
November 18, 2021 8:30 AM ESTMALTA, N.Y. and DEARBORN, Mich., Nov. 18, 2021 /PRNewswire/ --Â GlobalFoundries Inc. (Nasdaq: GFS) (Nasdaq: GF), a global leader in feature-rich semiconductor manufacturing, and Ford Motor Company (NYSE: F) today announced a strategic collaboration to advance semiconductor manufacturing and technology development within the United States, aiming to boost chip supplies for Ford and the U.S. automotive industry.
