GlobalFoundries Inc Receives Buy Rating and Price Target of $43.00 from Evercore ISI's Mark Lipacis

GlobalFoundries Inc (GFS) received a Buy rating and $43 price target from Evercore ISI's Mark Lipacis, while Deutsche Bank's Ross Seymore also issued a Buy rating. Citi maintained a Hold rating. GFS' market cap is $18.14B and has a P/E ratio of -159.21.

Title: GlobalFoundries Inc. (GFS) Strengthens U.S. Manufacturing Partnerships and Acquires MIPS

GlobalFoundries Inc. (GFS), a leading semiconductor manufacturer, has bolstered its U.S. manufacturing presence and expanded its strategic partnerships. The company, backed by Abu Dhabi’s sovereign fund Mubadala Investment Company, has announced an expanded partnership with Apple to advance semiconductor technologies and strengthen U.S. manufacturing capabilities. This collaboration focuses on manufacturing wireless connectivity technologies and power management solutions for AI-enabled devices at GF's Malta, New York facility [1].

The partnership aligns with Apple's $600 billion American Manufacturing Program commitment over the next four years, which aims to boost its supply chain and help move advanced manufacturing to the U.S. [1]. This initiative includes other key partners such as Texas Instruments, Samsung, and Broadcom, highlighting the significant investment in domestic semiconductor production [1].

GlobalFoundries has also announced a definitive agreement to acquire MIPS, a leading AI and processor IP supplier. The acquisition will enhance GF's portfolio with RISC-V processor IP and software tools focused on real-time computing applications. The deal aims to strengthen GF's position in autonomous mobility, industrial automation, datacenter, and intelligent edge markets [2].

These strategic moves come as the U.S. government prioritizes domestic semiconductor production and AI leadership. GlobalFoundries' recent Q2 2025 financial results showed strong performance, with revenue reaching $1.688 billion and net income of $228 million. The company's gross margin was 24.2%, and diluted EPS was $0.41 [2].

Analysts have responded positively to these developments. Evercore ISI's Mark Lipacis and Deutsche Bank's Ross Seymore issued Buy ratings for GFS, with a $43 price target. Citi maintained a Hold rating. GFS' market cap stands at $18.14B with a P/E ratio of -159.21 [3].

References:
[1] https://www.thenationalnews.com/future/technology/2025/08/07/uae-backed-globalfoundries-expands-partnership-with-apple/
[2] https://www.stocktitan.net/news/GFS/
[3] [Provide the source for the analyst ratings if available]