GlobalFoundries and General Motors Team Up -- a Win-Win for Both Companies?

By Jose Najarro, Nicholas Rossolillo, and Billy Duberstein – Feb 19, 2023 at 11:25AM

NASDAQ: GFS

Globalfoundries

Market Cap

$26B

Today's Change

(1.01%) $0.48

Current Price

$47.79

Price as of April 25, 2024, 4:00 p.m. ET

Three semiconductor investors discuss how legacy car maker General Motors is trying to get ahead of the chip supply chain struggles.

In today's video, Jose Najarro, Nick Rossolillo, and Billy Duberstein discuss the partnership GlobalFoundries (GFS 1.01%) and General Motors (GM 1.20%) recently announced for a long-term supply agreement of chips used in vehicles. General Motors believes the number of chips needed per car will double in the upcoming years. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of Feb. 16, 2023. The video was published on Feb. 18, 2023.

Billy Duberstein has no position in any of the stocks mentioned. Jose Najarro has no position in any of the stocks mentioned. Nicholas Rossolillo has no position in any of the stocks mentioned. The Motley Fool recommends General Motors. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.