Summary by Moomoo AI
GlobalFoundries Inc. (GlobalFoundries), a leading semiconductor foundry, announced a public offering of $950 million of its ordinary shares. The offering is being made by the selling shareholder, Mubadala Technology Investment Company (MTIC), a wholly owned subsidiary of Mubadala Investment Company PJSC (MIC). The offering includes a $200 million share repurchase by GlobalFoundries. The offering is pursuant to a registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (SEC) on May 22, 2024. The last reported sale price of GlobalFoundries' ordinary shares on Nasdaq was $54.84 per share as of May 21, 2024. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed. GlobalFoundries will not be selling any ordinary shares in this offering and will not receive any proceeds from the sale of shares by MTIC.