Movement Alert｜GLOBALFOUNDRIES Inc. Falls 5.15% in Regular Trading, Gives Back Pre-Market Gains Despite $300 Million CHIPS Act Award

Market Focus

Jul 29

On July 29, GLOBALFOUNDRIES Inc. fell 5.15% in regular trading, trading at $46.57/share, with turnover of $92.50 million. The stock had surged over 12% in pre-market trading on positive news but reversed sharply during the regular session.

On the news front, GLOBALFOUNDRIES Inc. signed a letter of intent with the US Department of Commerce for a proposed $300 million CHIPS Research and Development award to advance silicon photonics technology. The funding is part of a broader $874 million semiconductor R&D initiative. As part of the arrangement, the Department of Commerce will receive approximately 1% equity in the company. Despite this significant federal backing, the stock exhibited a classic sell-the-news pattern as it failed to hold pre-market gains.

Within the Semiconductors sector, the overall performance was broadly weak. Among individual stocks, Micron Technology down 6.03%, Advanced Micro Devices down 6.21%, Intel down 4.37%, NVIDIA down 2.63%, SK hynix down 2.34%. The sector-wide selling pressure compounded the reversal from earlier pre-market highs.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Falls 5.15% in Regular Trading, Gives Back Pre-Market Gains Despite $300 Million CHIPS Act Award\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-29 23:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 29, GLOBALFOUNDRIES Inc. fell 5.15% in regular trading, trading at $46.57/share, with turnover of $92.50 million. The stock had surged over 12% in pre-market trading on positive news but reversed sharply during the regular session.</p><p>On the news front, GLOBALFOUNDRIES Inc. signed a letter of intent with the US Department of Commerce for a proposed $300 million CHIPS Research and Development award to advance silicon photonics technology. 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