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Semiconductors 18 May 2026 - 25 May 2026

GlobalFoundries Stock Jumps on $375 Million Quantum Deal as U.S. Takes Stake in GFS

GlobalFoundries Stock Jumps on $375 Million Quantum Deal as U.S. Takes Stake in GFS

GlobalFoundries Inc. heads into Friday’s U.S. session with its stock back in the center of the quantum trade, after GFS closed Thursday at $81.35, up about 15%, on news that the Commerce Department plans a $375 million award and a roughly 1% government stake in the contract chipmaker. The shares traded 11.0 million times, more than triple Wednesday’s volume, company price data showed.
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