🟢 Globalfoundries is trading 4.36% up today as semiconductor shares rebound

Globalfoundries is trading at $48.12, up 4.36%, alongside a broad semiconductor rebound.

• The sector ETF SOXX is up 3.36% in regular trading.
• The rally follows a prolonged chip-stock selloff, with investors buying back into the sector; lower Treasury yields and an Intel analyst upgrade are additional supports.
• No new company-specific announcement explaining the October 20 move was found. The previously announced U.S.-Japan fab initiative is earlier news, not a clear catalyst for this session.