Global Foundries (GFS.O): Citi Megatrends Series: Silicon Photonics, Power and Quantum at GlobalFoundries

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06 Aug 2026 12:50:24 ET │ 17 pages

Global Foundries (GFS.O)

Citi Megatrends Series: Silicon Photonics, Power and Quantum at

GlobalFoundries

CITI'S TAKE

We are hosting Gregg Bartlett, CTO of GlobalFoundries, on Monday, August

17 at 10AM ET for a discussion on Silicon Photonics (SiPh), data center

power, and quantum computing market trends and GFS offerings. We

believe GFS is uniquely positioned at the intersection of the above three

megatrends. We preview GFS key technologies and long-term financial

framework to facilitate a productive discussion. If you have any questions

Greg Bartlett background – Greg leads the company’s core technology and GF Labs’

functions to drive innovation and long-range research and development portfolio by

partnering with key universities and institutions for GF’s differentiated technology

capabilities. Prior to his current role, Mr. Bartlett served in various senior executive

roles at GF in technology and business since 2009. Before joining GF, Mr. Bartlett

spent 25 years in technical and management positions at Freescale Semiconductor

and Motorola.

n

Neutral

Price (05 Aug 26 16:00)

US$49.46

Target price

US$58.00

Expected share price return

17.3%

Expected dividend yield

0.0%

Expected total return

17.3%

Market Cap

US$27,141M

Price Performance

(RIC: GFS.O, BB: GFS US)

GFS is as a strategic U.S. foundry partner – GFS secured $375M of CHIPS R&D

funding for Quantum Technology Solutions and $300M for silicon photonics R&D,

with the U.S. Department of Commerce expected to receive an approximately 1%

equity stake in connection with each program.

Webcast Link – Click the link and enter your information to listen to the call via

webcast through Citi Velocity. Submit questions through the webcast page.

Video Link – Register via this link, you will receive an email w/ connection link and

password

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