Strong 3Q22 for GlobalFoundries

The revenue growth for GlobalFoundries has grown 22% YoY. This increase in net revenue to US$2.074 billion was driven because of an increase in wafer shipments, a richer mix of products and a rise in average selling price (ASP). 

Approximate 637,300-mm wafers in kilo units were shipped, showing a 5% increase in YoY. Wafer revenue from end markets accounted for around 90% of total revenue. 

The total gross CAPEX for the year 2022 is expected to be between US$3 billion and US$3.3 billion. Home and industrial IoT are said to be the fastest-growing end market for GlobalFoundries in 2022, while RF front-end modules continue to perform well.