Globalfoundries is trading 4.21% up at $50.09 after announcing a $2 billion, five-year manufacturing agreement with TSMC on October 8, 2026.
- It will produce silicon interposers at its Malta, New York facility for TSMC’s CoWoS advanced-packaging ecosystem, supporting AI and high-performance computing demand.
- Reuters reported shares up about 4% in premarket trading; volume production is expected to ramp in the first half of 2028.
- Broad markets were lower at the open, so they do not explain the gain.