Azar Samak L, the Chief Legal Officer at GLOBALFOUNDRIES Inc. (NASDAQ:GFS), sold 335 ordinary shares of the company on June 11, 2026. The transaction, executed at a price of $77.0 per share, totaled $25,795. Since the sale, GLOBALFOUNDRIES shares have climbed to $84.16, reflecting the stock’s remarkable 122% gain over the past year and 119% surge over the last six months.
The sale was conducted pursuant to a pre-arranged Rule 10b5-1 trading plan. Following this transaction, Azar Samak L directly holds 14,154 ordinary shares in GLOBALFOUNDRIES. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. Investors seeking deeper insights can access comprehensive analysis through the company’s Pro Research Report, available for GFS and 1,400+ other US equities.
In other recent news, GlobalFoundries has completed its acquisition of the Synopsys ARC Processor IP Solutions business. This acquisition combines the ARC processor IP business with MIPS, a subsidiary of GlobalFoundries. Additionally, the company announced a strategic partnership with the U.S. Department of Energy’s Genesis Mission to support AI chip development. This collaboration provides Genesis Mission researchers access to GlobalFoundries’ U.S. manufacturing platform and design resources. GF Labs, the company’s research and development organization, will lead this initiative.
Moreover, GlobalFoundries has launched Quantum Technology Solutions, a new business unit aimed at manufacturing quantum computing hardware. This unit will focus on producing quantum processor units and other components essential for quantum computing systems. In another development, Mubadala Investment Co. raised $1.91 billion through a block sale of GlobalFoundries shares. The sale was managed by Morgan Stanley.