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US Commerce Department takes additional 4% stake in GlobalFoundries

1 article1 sourcesince Oct 14Last article 1h ago ·

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The US Department of Commerce is taking an additional 4% stake in GlobalFoundries as part of a deal, according to a post by Andrew Curran on X. After the transaction, Commerce will own approximately 7% of the chipmaker.

The report does not give the deal's terms, price, or the purpose of the stake.

Written by AI from the articles below · updated Oct 14, 1:51 PM ET

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Latest developmentOct 14, 1:21 PM ET
US Commerce Department takes additional 4% stake in GlobalFoundries

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Oct 14
  1. Andrew CurranX
    US Commerce Department takes additional 4% stake in GlobalFoundries

    AIThe US Department of Commerce is taking an additional 4% stake in GlobalFoundries as part of a deal. Following the transaction, Commerce owns approximately 7% of the company.

    Image from @AndrewCurran_'s post

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