Solid gains in automotive but weaker smartphone demand and falling margins

Contract chipmaker GlobalFoundries reported first-quarter earnings that surpassed what the cocane nose jobs of Wall Street had expected. 

The story twists and turns like a twisty-turny thing

The dark satanic rumour mill has manufactured a hell-on-earth yarn claiming that Intel could merge with GlobalFoundaries.

Shared IP and trade secrets

Chip manufacturer GlobalFoundries said today it had filed a lawsuit against IBM, accusing it of unlawfully sharing confidential intellectual property and trade secrets.

Buying $1.6 billion worth of chips from old mate

AMD will acquire about $2.1 billion of silicon wafers from GlobalFoundries from 2022 through 2025 in an amended agreement.

$2.5 billion in damages

Semiconductor manufacturer GlobalFoundries has sued IBM,  asking a judge to rule that it did not violate a contract that claims it is owed $2.5 billion in damages.

Chips are down

Manufacturers are worried about a global shortage of chips, which is causing manufacturing delays as consumer demand bounces back from the coronavirus crisis.

Smoke peace pipe

Globalfoundries and TSMC have dismissed all litigation between them as well as those that involve any of their customers.

Patent infringement

TSMC has announced it filed multiple lawsuits on September 30, 2019 against Globalfoundries in the US, Germany and Singapore for its alleged ongoing infringement of 25 patents by at least its 40nm, 28nm, 22nm, 14nm, and 12nm node processes.

Analysts concerned

The spat between GlobalFoundries and TSMC might be yet another factor which will keep the semiconductor industry in the doldrums according to analysts.

Could stop the TSMC products coming into the country

GlobalFoundries has sued larger rival TSMC for patent infringement, seeking to stop the defendant’s customers including Apple from importing affected products to the United States and Germany.