GlobalFoundries Stock (GFS) Today: Nasdaq-100 Exit, EU Funding Boost, GaN Partnerships, and What Analysts Forecast Next
GlobalFoundries will be removed from the Nasdaq-100 before markets open December 22, prompting potential index-related trading shifts. The company last closed at $36.63, with a market cap near $20.35 billion. On December 11, the EU approved €495 million in German state aid for GlobalFoundries’ semiconductor facilities. The firm is also expanding power semiconductor and silicon photonics operations through new partnerships.