GlobalFoundries closed 2021 with a 36% revenue increase

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The semiconductor foundry managed to capitalise on the unprecedented demand for semiconductor solutions as it reports revenues of USD 6.6 billion for 2021, a 36% YoY growth.

evertiq.com, Feb. 09, 2022 – 

Looking at the company's fourth quarter, GlobalFoundires reported revenue of USD 1.85 billion, up 74% compared to the same quarter in 2020. Fourth quarter net income amounted to USD 43 million, compared to a loss of USD 524 million during the same period the year before.

For the full year of 2021 the company recorded revenues of USD 6.6 billions, a YoY increase of 36% from USD 4.8 billion. Net income amounted to a loss of USD 254 million, a clear improvement from the loss of USD 1.3 billion that the company recorded in 2020.

"2021 was an outstanding year for GF, during which we drove an acceleration of our business plan by capitalizing on the demand for pervasive semiconductor solutions and the vital role we play in the semiconductor supply chain," said CEO Tom Caulfield in the company's fiscal report.

The CEO also mentioned that during 2021 GF managed to secure a number of long-term partnership agreements, more specifically 30 customers who committing more than USD 3.2 billion toward the continued expansion of the company's global manufacturing footprint.

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