Lightwave Logic Inc (LWLG)

[tkg]

An interesting GF fact...

10/23/21

Its largest customers are worth more than $1 trillion

GlobalFoundries listed its 10 top customers, a group of chip makers that in total have a market capitalization of more than $1 trillion. Those customers include Qualcomm Inc. QCOM, +2.61%, MediaTek Inc. 2454, +4.69%, NXP Semiconductors N.V. NXPI, +1.55%, Qorvo, Inc. QRVO, +1.35%, Cirrus Logic, Inc. CRUS, +1.82%, AMD, Skyworks Solutions, Inc. SWKS, +1.99%, Murata Manufacturing Co. 6981, +0.41%, Samsung Electronics Co. 005930, +0.26%, and Broadcom Inc. AVGO, -0.14%.

The company said that 61% of its wafers shipped in 2020 were “single-sourced” products, meaning those products that “can only be manufactured with our technology and cannot be manufactured elsewhere without significant customer redesigns,” up from 48% in 2018.

Currently, GlobalFoundries said it had revenue commitments of about $20 billion, with more than $10 billion of that over the period from 2022 through 2023, and more than $2.5 billion in “advanced payments and capacity reservation fees.”