GeneralBullishBlockonomi · 2h ago6/10
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GlobalFoundries (GFS) Stock: CFO Maps Out 40% Margin Plan as Silicon Photonics Revenue Targets $1B
GlobalFoundries announced ambitious financial targets including 40% gross margins by 2028 and $1 billion in silicon photonics revenue, while planning $1.3 billion in capital expenditures. An insider sold $232,000 in company shares, signaling potential caution despite management's optimistic guidance.