GlobalFoundries CEO: We're sold out of semiconductor chip capacity through 2023

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www.cnbc.com, Oct. 30, 2021 – 

• GlobalFoundries debuted on Nasdaq this week, valued at over $25 billion.
• The company specializes in manufacturing the kind of less-advanced chips that are currently in short supply around the world.
• But GlobalFoundries needs to convince public market investors that the company is riding a wave of increased demand that won't fizzle out after pandemic-related supply issues abate.

Semiconductor manufacturer GlobalFoundries debuted on the Nasdaq this week, valued at over $25 billion, as it became increasingly evident that a global chip shortage could persist through 2023 or later.

Now GlobalFoundries needs to convince public market investors that the company is riding a wave of increased demand for all sorts of microchips, that won't fizzle out after pandemic-related supply issues abate, and that it can increase profitability even as it spends billions on a capital intensive business.

"I think for the better part of the next five to 10 years, we're going to be chasing supply not demand," GlobalFoundries CEO Tom Caulfield said in an interview with CNBC.

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