Founded back in March 2009 on the German production facilities of AMD, GlobalFoundries became public only in October last year, which allows us to roughly estimate the current scale of its business based on quarterly reports. Last quarter, for example, it generated $1.94 billion in revenue, up 37% in its profile and beating analysts’ expectations.

Image Source: GlobalFoundries

According to Bloomberg , earnings per share amounted to 42 cents versus 24 cents expected by investors, and this is a definite success. In the current quarter, the company expects to generate between $1.96 and $1.99 billion in earnings per share of between 43 cents and 48 cents. Analysts had expected the company to forecast revenue of $1.93 billion and earnings per share of 26 cents. The price of the company’s shares following the publication of the quarterly report rose by less than one percent. Since the beginning of the year, they have fallen in price by 19% along with the rest of the technology sector.

Recall that GlobalFoundries finances the construction of new production lines through advance payments from its customers. Those wishing to participate in the company’s investment program were found among automakers. The company is also counting on defense orders in the US, since even the concentration of the majority of shares in the hands of Arab investors does not prevent it from being formally considered an American contract manufacturer of semiconductor products.