GlobalFoundries Appoints Ganesh Moorthy to Board, Enhancing Semiconductor Expertise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
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Source: Globenewswire
- New Board Member: GlobalFoundries has appointed Ganesh Moorthy to its board, who previously served as CEO of Microchip Technology and brings over 40 years of semiconductor industry experience, expected to significantly support GF's strategic execution and technological innovation.
- Rich Leadership Experience: Moorthy's leadership at Microchip included roles as CEO and board member until his retirement in 2024, and he spent 19 years at Intel, accumulating deep expertise in manufacturing and product innovation, which will enhance GF's competitive edge in the market.
- Strategic Alignment: GF's Executive Chairman, Thomas Caulfield, stated that Moorthy's addition will accelerate the company's innovation process and strengthen GF's role as a trusted partner, driving its leadership in essential semiconductor technologies.
- Global Manufacturing Footprint: Moorthy's appointment further reinforces GF's long-term growth strategy aimed at meeting global customer demands for power-efficient semiconductors through robust manufacturing capabilities and differentiated technologies, positioning the company for success in rapidly growing markets.
Analyst Views on GFS
Wall Street analysts forecast GFS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GFS is 38.88 USD with a low forecast of 35.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
2 Buy
5 Hold
2 Sell
Hold
Current: 44.220
Low
35.00
Averages
38.88
High
45.00
Current: 44.220
Low
35.00
Averages
38.88
High
45.00
About GFS
GlobalFoundries Inc. is a semiconductor manufacturer. The Company offers a range of mainstream wafer fabrication services and technologies. It manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units. Its specialized foundry manufacturing processes include a library consisting of qualified circuit-building block designs (known as IP titles or IP blocks), and advanced transistor and device technology. The Company's differentiated technology platforms include radio frequency (RF) silicon-on-insulator (SOI), Fin Field-Effect Transistor (FinFET), FDX, Complementary Metal-Oxide Semiconductor (CMOS), Silicon Germanium (SiGe), Gallium Nitride (GaN), Bipolar-CMOS-DMOS (BCD), and Silicon Photonics (SiPh).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
