GlobalFoundries Forecast Upbeat Q4 Results On Strong Demand From Smartphone Makers
World’s third-largest contract chipmaker, GlobalFoundries , forecast fourth-quarter revenue above Wall Street estimates on Tuesday, driven by recovering semiconductor demand from smartphone makers, sending shares up nearly 10 per cent in premarket trading. The New York-based company has seen a resurgence in demand from its smart mobile devices segment, offsetting weakness in the Home and […]