Thursday, 5 March, 2026
Chipmaker GlobalFoundries files for US IPO confidentially
By Basit Ansari
<p>In a move that could value the firm at $25 bn, GlobalFoundries has confidentially filed for a US IPO. This is a clear sign that the firm is not eager to accept the potential tie-up with Intel Corp. Sources, however, said the chipmaker's plans were subject to market conditions and may change. GlobalFoundries manufactures chips for 5G, automotive, and other industries, acting as a supplier for Intel who has outsourced part of its manufacturing.</p>
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