GlobalFoundries (GFS) and GM (GM) Announce Long-Term Direct Supply Agreement for U.S. Production of Semiconductor Chips
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Analyst, Itay Michaeli wrote in a note, We believe GM offers very unique exposures both to highly attractive growth end-markets (Truck Franchise) as well as secular EV/AV/connected themes, which support a turnaround of GMs Non-Truck Franchise and LT growth opportunities. In addition, we view Cruise as being among the leaders in the emerging urban RoboTaxi network business. We do not believe GM shares reflect these favorable attributes.
Pricing remains... More
General Motors (GM) and GlobalFoundries (GFS) announce long term direct supply agreement
February 9, 2023 3:06 PM ESTAmerican vehicle manufacturer General Motors (NYSE: GM) announced Thursday, alongside GlobalFoundries (NASDAQ: GFS), that the two have in a strategic, long-term agreement. The agreement establishes a dedicated capacity corridor exclusively for GM's chip supply. Through this direct supply agreement, GFS will manufacture key chips for GM through their advanced semiconductor facility in upstate New York bringing a critical... More
