GlobalFoundries targets quantum computing and silicon photonics amid stock decline
GlobalFoundries is positioning itself for the next wave of AI through quantum computing and silicon photonics. The company introduced its first quarterly dividend and a $500 million share buyback program as its stock price halved.
GlobalFoundries, a semiconductor foundry founded in 2009 from AMD's manufacturing spin-off with Mubadala, is positioning itself for the next wave of AI through quantum computing and silicon photonics. The company operates in the US, Germany, and Singapore, focusing on specialized chips for connectivity, energy efficiency, and industrial applications. Recent financials show revenue fluctuating between $5 and $8 billion, with a net profit of nearly $900 million in the last fiscal year. The stock price has halved from highs of $80 to $85 to under $40. In 2026, the company introduced its first quarterly dividend and launched a $500 million share buyback program. Management is investing in a multi-billion dollar project with Japan and the US to advance silicon photonics for high-bandwidth, energy-efficient data transmission. Analysts presented GlobalFoundries as an undervalued play on the post-LLM AI infrastructure trend, specifically quantum and photonics, noting that the stock's decline offers an entry point for long-term investors.