GlobalFoundries revenue rises 13% as data center demand offsets mobile decline

T2Covered by 1 source · first reported by DigiTimes (headlines) at 04 Nov, 23:46 UTC

GlobalFoundries' third quarter showed the contract chipmaker's revenue base shifting from smartphones to AI-related networking, and that shift is now boosting profitability. Revenue rose 13% from a year earlier to US$1.9 billion for the three months ended September 30, according to the company's…