Stock Track | GlobalFoundries Soars 5.53% in Pre-market on Strategic AI Photonics Partnership

Stock Track06-02

GLOBALFOUNDRIES Inc. (GFS) experienced a significant pre-market surge of 5.53% on Tuesday.

The sharp increase follows the announcement of a strategic collaboration between GlobalFoundries and Sivers Semiconductors to develop silicon photonics technology for AI data center infrastructure. The partnership will integrate Sivers' laser arrays into reference designs on GlobalFoundries' silicon photonics platform, targeting optical interconnect architectures for next-generation data centers.

The collaboration specifically focuses on co-packaged optics and linear pluggable optics, positioning the companies to capture a share of the pluggable optics market projected to reach $25 billion by 2030. This move represents a significant growth opportunity for GlobalFoundries in the rapidly expanding artificial intelligence sector.

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