💨 Abstract

GlobalFoundries, a contract chipmaker, has forecasted lower Q1 revenue and profit due to potential impact from US tariffs on automakers and a challenging smartphone market in 2025. Shares rose 4% despite Q4 revenue of $1.83B falling short of estimates. The automotive sector, a significant revenue segment, is vulnerable to US tariffs on steel and aluminum.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖