1 December 2023
Mind Your Business: Strong Q3 and A.I. boom boost GlobalFoundries outlook
As the backbone of the modern economy, GlobalFoundries, a semiconductor powerhouse, stands out with a profound impact on various sectors, from smartphones to artificial intelligence servers.
Its recent launch of a new facility in Singapore, promising 1,000 jobs, reflects the company's strategic moves.
Beyond this, the company's third-quarter financial highlights unveil a revenue gross margin of 28.6%, and a substantial cash reserve of $3.4 billion.
What factors propelled GlobalFoundries to such a strong financial performance, and how does the company plan to sustain this momentum?
Tan Yew Kong, Senior Vice President and General Manager, GlobalFoundries Singapore breaks it down for us in this episode of Mind Your Business.
Presented by Ryan Huang
This podcast is produced and edited by Anthea Ng (nganthea@sph.com.sg)
She produces Mind Your Business, Biz-How-To and Breakfast Special segments on the Breakfast Show.
Do contact her for topics: C-Suite, SME, Sustainability, Property, Intergenerational Family Business, Industry Outlook, Fintech, Trending business in town.

Download this podcast.

Listen To His Previous Podcasts:

27 February 2023
Under the Radar: GlobalFoundries Singapore on global chip supply, US-China tensions and the impact of near-shoring and friend-shoring of supply chains on the global supply chain landscape, Global Semiconductor Market to reach USD 712.4 Billion by 2028
We’ll talk all about semiconductors manufacturers as the industry continues to face a number of headwinds including a pandemic induced supply shortage.
According to Auto Forecast Solutions, almost 18 million vehicles will have been removed from production plans by the end of 2023 since the chip shortage started.
And with US-China’s geopolitical tensions at the top of minds of industry players, how would that reshape the global supply chain for semiconductor chips,as companies adopt more onshoring and friend-shoring of supply chains?
What will this mean for Taiwan, South Korea, Japan and mainland China, which accounted for over 70% of global production in 2020, according to S&P Market Intelligence? What is the impact on Singapore’s semiconductor manufacturers then?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian posed these questions to Tan Yew Kong, Senior Vice-President and General Manager, Globalfoundries Singapore.

Download this podcast.