• GlobalFoundries forecast second-quarter revenue of about $1.76 billion, above analyst estimates of $1.74 billion.
  • The company focuses on niches like radio-frequency chips and silicon photonics, used in AI data centers and quantum computers.
  • First-quarter revenue was $1.63 billion, in line with expectations.
  • CEO Tim Breen highlighted strong traction in secular growth markets driven by differentiated technology.
  • Shares rose 6% in premarket trading.

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