GlobalFoundries Rallies as Marvell Deal Expansion and Japan Fab Report Lift Sentiment

GlobalFoundries (GFS) is up 7.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied mainly to a new strategic expansion with Marvell that increases manufacturing capacity for optical connectivity chips used in AI data centers. Investor interest also seems to have been boosted by a separate report that GlobalFoundries could operate a large semiconductor plant tied to U.S.-Japan investment talks, though that part remains less certain.

Details:

GlobalFoundries announced an expanded multi-year agreement with Marvell to raise capacity for silicon germanium technology at its Burlington, Vermont facility.

The added capacity is aimed at next-generation optical interconnect products such as pluggable transceivers, near-packaged optics, and co-packaged optics, all areas linked to growing AI infrastructure demand.

A market-moving report described U.S. and Japan discussions around a semiconductor factory that GlobalFoundries may operate, with the project focused on logic chips.

Recent company announcements have also reinforced a broader growth narrative around photonics, advanced packaging, and government-backed semiconductor programs.

Sources:

GlobalFoundries, Reuters, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$GFS Insider Trading Activity

$GFS insiders have traded $GFS stock on the open market 42 times in the past 6 months. Of those trades, 1 have been purchases and 41 have been sales.

Here’s a breakdown of recent trading of $GFS stock by insiders over the last 6 months:

MICHAEL JAMES HOGAN (Chief Strategy Officer) has made 1 purchase buying 12 shares for an estimated $767 and 12 sales selling 21,507 shares for an estimated $1,479,334.
SAMUEL VICARI (Chief Customer Officer) sold 8,692 shares for an estimated $657,289
SAMAK L AZAR (Chief Legal Officer) has made 0 purchases and 25 sales selling 9,695 shares for an estimated $575,928.
GLENDA DORCHAK has made 0 purchases and 2 sales selling 8,000 shares for an estimated $466,720.
PRADHEEPA RAMAN (Chief People Officer) sold 6,760 shares for an estimated $345,571

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive GFS Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$GFS Hedge Fund Activity

We have seen 303 institutional investors add shares of $GFS stock to their portfolio, and 167 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MUBADALA INVESTMENT CO PJSC removed 23,469,017 shares (-5.5%) from their portfolio in Q2 2026, for an estimated $1,934,081,690
JPMORGAN CHASE & CO added 6,755,889 shares (+inf%) to their portfolio in Q2 2026, for an estimated $556,752,812
FMR LLC added 5,790,213 shares (+9.0%) to their portfolio in Q2 2026, for an estimated $477,171,453
SLATE PATH CAPITAL LP removed 5,042,300 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $415,535,943
PRICE T ROWE ASSOCIATES INC /MD/ added 3,921,799 shares (+6144.0%) to their portfolio in Q2 2026, for an estimated $323,195,455
VICTORY CAPITAL MANAGEMENT INC added 3,091,392 shares (+inf%) to their portfolio in Q2 2026, for an estimated $254,761,614
VOYA INVESTMENT MANAGEMENT LLC added 2,019,978 shares (+22567.1%) to their portfolio in Q2 2026, for an estimated $166,466,386

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$GFS Government Contracts

We have seen $94,875,230 of award payments to $GFS over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

THE TRUSTED FOUNDRY ACCESS (TFA) CONTRACT ACQUIRED SUPPLIES ASSOCIATED WITH APPLICATION SPECIFIC INTEGRATED...: $27,586,640
SOW 25-5C9: $24,753,403
THE TRUSTED FOUNDRY ACCESS (TFA) CONTRACT ACQUIRED SUPPLIES ASSOCIATED WITH APPLICATION SPECIFIC INTEGRATED...: $353,248

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$GFS Price Targets

Multiple analysts have issued price targets for $GFS recently. We have seen 9 analysts offer price targets for $GFS in the last 6 months, with a median target of $77.0.

Here are some recent targets:

Mark Lipacis from Evercore ISI Group set a target price of $85.0 on 05/19/2026
Mehdi Hosseini from Susquehanna set a target price of $125.0 on 05/11/2026
Joseph Moore from Morgan Stanley set a target price of $65.0 on 05/06/2026
Atif Malik from Citigroup set a target price of $70.0 on 05/06/2026
Timothy Arcuri from UBS set a target price of $77.0 on 05/06/2026
Harlan Sur from JP Morgan set a target price of $70.0 on 05/06/2026
Charles Shi from Needham set a target price of $80.0 on 05/05/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.