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GlobalFoundries Announces Conference Call to Review First Quarter 2024 Financial Results

Retrieved on:

Friday, April 5, 2024

MALTA, N.Y., April 05, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, May 7, 2024, at 8:30 a.m.

Key Points:

MALTA, N.Y., April 05, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, May 7, 2024, at 8:30 a.m.
ET following the release of the company’s first quarter 2024 financial results.
The company will host a conference call with the financial community on Tuesday, May 7, 2024, at 8:30 a.m.
ET.

GlobalFoundries and Biden-Harris Administration Announce CHIPS and Science Act Funding for Essential Chip Manufacturing

Retrieved on:

Monday, February 19, 2024

MALTA, N.Y. and ESSEX JUNCTION, Vt., Feb. 19, 2024 (GLOBE NEWSWIRE) -- The U.S. Department of Commerce today announced $1.5 billion in planned direct funding for GlobalFoundries (Nasdaq: GFS) (GF) as part of the U.S. CHIPS and Science Act. This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets.

Key Points:

This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets.
GF is the first semiconductor pure play foundry to receive a major award (over $1.5 billion) from the CHIPS and Science Act, designed to strengthen American semiconductor manufacturing, supply chains and national security.
“When I wrote the CHIPS & Science Law, I made sure there was funding especially for the feature-rich, legacy chips that GlobalFoundries produces in Malta and that are essential for America’s auto industry and national defense.
“The CHIPS Act funding will help encourage innovation and expansion of this vital sector in our state and across the country.

Northern Trust Announces Olivier Noël as Country Head of Luxembourg

Retrieved on:

Thursday, February 22, 2024

Banking, Asset Management, Professional Services, Finance, Acquisition, GFS, Multimedia, UCITS, Fonds commun de placement, Bellows, Growth, Security (finance)

Northern Trust today announces it has appointed Olivier Noël as Country Head of Luxembourg and leader of its Luxembourg-based asset servicing business, effective immediately.

Key Points:

Northern Trust today announces it has appointed Olivier Noël as Country Head of Luxembourg and leader of its Luxembourg-based asset servicing business, effective immediately.
View the full release here: https://www.businesswire.com/news/home/20240222617042/en/
Northern Trust has appointed Olivier Noël as Country Head of Luxembourg and leader of its Luxembourg-based asset servicing business, effective immediately.
Noël joined Northern Trust in 2005 as its head of Luxembourg transfer agency.
“Northern Trust first established a Luxembourg presence in 2004 to help clients take advantage of European fund opportunities,” said Bellows.

Garmin adds IFR and 4-axis capability to GFC 600H helicopter flight control system

Retrieved on:

Tuesday, February 20, 2024

Marketing, Aircraft, GFS, Bell, Radar, LVL, Aviation, GMC, GRMN, GFC, SAS, EASA, VFR, AS350, Government, Autopilot, DVE, Safety, Blog, NVG, IMC, Attitude, Mental toughness, Satellite navigation device

OLATHE, Kan., Feb. 20, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the GFC™ 600H Helicopter Flight Control System is now available in an IFR configuration with a Stability Augmentation System (SAS). This configuration includes collective control, bringing 4-axis capability to the GFC 600H system for the first time. Leonardo Helicopters' AW109 Trekker is the first platform to incorporate the GFC 600H with IFR and collective axis capabilities, providing operators with an advanced flight control solution that reduces pilot workload and improves mission effectiveness.

Key Points:

OLATHE, Kan., Feb. 20, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the GFC™ 600H Helicopter Flight Control System is now available in an IFR configuration with a Stability Augmentation System (SAS).
This configuration includes collective control, bringing 4-axis capability to the GFC 600H system for the first time.
"We are very excited to now offer a 4-axis, IFR flight control system for the helicopter market.
The IFR configuration of the GFC 600H flight control system has received European Union Aviation Safety Agency (EASA) approval on the AW109 Trekker helicopter.

Infineon and GlobalFoundries Extend Long-Term Agreement with Focus on Automotive Microcontrollers

Retrieved on:

Monday, January 22, 2024

GlobalFoundries, GF, Safety, GFS, Growth

Infineon and GF have been partnering since 2013 in the development of differentiated automotive, industrial and security semiconductor technology and products.

Key Points:

Infineon and GF have been partnering since 2013 in the development of differentiated automotive, industrial and security semiconductor technology and products.
“With this long-term agreement, Infineon further strengthens the supply of semiconductor solutions that are driving decarbonization and digitalization,” said Dr. Rutger Wijburg, Chief Operations Officer of Infineon.
“As demand continues to accelerate for automotive applications, our goal is to deliver high-quality microcontrollers with enhanced connectivity and advanced safety and security.
“Our collaboration with Infineon delivers differentiation and innovation in automotive spanning two continents, and this long-term agreement provides Infineon with additional manufacturing for a more resilient supply chain.”

Brennan Acquires 244,000 Square Foot Facility with 18 Additional Acres in Plant City, Florida

Retrieved on:

Tuesday, January 23, 2024

Interstate 4, Gordon Food Service, Sonoco, Foot, Port Tampa Bay, Acquisition, Tampa International Airport, GFS, Interstate Highway System, Orlando International Airport, Growth

PLANT CITY, Fla., Jan. 23, 2024 /PRNewswire/ -- Brennan Investment Group ("Brennan"), a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, has acquired a 243,650 square foot facility with an additional 18 acres of contiguous land from Gordon Food Service ("GFS") located at 1420 Gordon Food Service Dr. Plant City, Florida, in the center of the I-4 Corridor submarket.

Key Points:

PLANT CITY, Fla., Jan. 23, 2024 /PRNewswire/ -- Brennan Investment Group ("Brennan"), a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, has acquired a 243,650 square foot facility with an additional 18 acres of contiguous land from Gordon Food Service ("GFS") located at 1420 Gordon Food Service Dr. Plant City, Florida, in the center of the I-4 Corridor submarket.
The existing 243,650 square foot facility is presently leased to Sonoco Products Company ("Sonoco").
As an integral part of this initiative, Brennan will undertake construction of a 249,600 square foot expansion on the adjoining 18-acre parcel of land, resulting in a combined square footage of 493,250.
The project's location in Plant City, Florida, two miles south of Interstate 4, positions it as a key asset within central Florida's I-4 Corridor.

GlobalFoundries Announces Conference Call to Review Fourth Quarter and Full-Year 2023 Financial Results

Retrieved on:

Monday, January 8, 2024

GFS, GlobalFoundries, Interest, Cryptocurrency

MALTA, N.Y., Jan. 08, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, February 13, 2024, at 8:30 a.m.

Key Points:

MALTA, N.Y., Jan. 08, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, February 13, 2024, at 8:30 a.m.
ET following the release of the company’s fourth quarter and full-year 2023 financial results.
The company will host a conference call with the financial community on Tuesday, February 13, 2024, at 8:30 a.m.
ET.

GlobalFoundries Named to “America’s Most Responsible Companies 2024” List

Retrieved on:

Wednesday, December 13, 2023

ISS, ESG, GlobalFoundries, Perception, GF, Social responsibility, GFS, Corporation, Environment, Rare-earth element

“We are proud to have our ESG efforts recognized and to be included on Newsweek’s list of America’s Most Responsible Companies for the second year in a row,” said Stacey Barrick, GF’s global head of ESG.

Key Points:

“We are proud to have our ESG efforts recognized and to be included on Newsweek’s list of America’s Most Responsible Companies for the second year in a row,” said Stacey Barrick, GF’s global head of ESG.
The final 2024 list recognizes the top 600 most responsible companies in the United States, spanning 14 industries.
In 2023, GF’s ESG efforts were recognized by rating agency Morningstar Sustainalytics, which maintained GF’s “Low Risk” rating and named GF to its “2023 Industry Top-Rated ESG Companies” list.
Learn more about ESG and corporate responsibility at GF and see a full list of the company’s ESG recognitions at: https://gf.com/about-us/corporate-responsibility

GlobalFoundries Names John Hollister as Chief Financial Officer

Retrieved on:

Monday, December 11, 2023

Cirrus Logic, PwC, CFO, CPA, Acquisition, GlobalFoundries, Internet, Heart, University, Internet of things, Moses Austin, Silicon Labs, GF, Silicon, GFS, Corporate development, Acceleration, Management

MALTA, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that John Hollister will join the company as Chief Financial Officer (CFO), effective February 5, 2024.

Key Points:

MALTA, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that John Hollister will join the company as Chief Financial Officer (CFO), effective February 5, 2024.
Hollister, a semiconductor industry veteran, will be responsible for GF’s financial strategy and will lead the company’s global finance organization.
He has been with Silicon Labs for nearly 20 years and held a variety of key financial management positions.
Hollister began his career in the audit practice of PricewaterhouseCoopers LLP and has been an active CPA for nearly 30 years.

Fleets Facing Need to Improve Crew Morale and Wellbeing Turn to KVH for Content Services

Retrieved on:

Monday, November 20, 2023

Nereus, Ship, VSAT, Morale, Senior, Wi-Fi, Social, FZE, KVH, Culture, Music, GFS, Statistics, Cohesion (computer science), HTS, Mental health, Family, Sport, News, Shipbuilding

Our KVH Link suite of crew content services delivers best-in-class content in various languages while offering an exciting, entertaining experience for the crew on laptops, personal devices, and TVs.”

Key Points:

Our KVH Link suite of crew content services delivers best-in-class content in various languages while offering an exciting, entertaining experience for the crew on laptops, personal devices, and TVs.”
GFS Ship Management FZE, has deployed the KVH Link service aboard 16 vessels.
For vessels not currently equipped with a KVH terminal and VSAT, KVH offers the compact linkHUB content server.
KVH delivers linkHUB movie and TV programs monthly via secure, encrypted content drives, ensuring that ships receive entertaining content while maximizing onboard cybersecurity.
This shared entertainment experience promotes social cohesion, improved morale, and overall wellbeing onboard.”
Note to Editors: For more information about KVH Link, please visit https://www.kvh.com/link.