GLOBALFOUNDRIES (GLOBALFOUNDRIES) Construction In Progress : $1,078 Mil (As of Mar. 2024)

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What is GLOBALFOUNDRIES Construction In Progress?

GLOBALFOUNDRIES's quarterly construction in progress declined from Sep. 2023 ($2,695 Mil) to Dec. 2023 ($1,512 Mil) and declined from Dec. 2023 ($1,512 Mil) to Mar. 2024 ($1,078 Mil).

GLOBALFOUNDRIES's annual construction in progress increased from Dec. 2021 ($1,423 Mil) to Dec. 2022 ($3,384 Mil) but then declined from Dec. 2022 ($3,384 Mil) to Dec. 2023 ($1,512 Mil).

GLOBALFOUNDRIES Construction In Progress Historical Data

The historical data trend for GLOBALFOUNDRIES's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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GLOBALFOUNDRIES Construction In Progress Chart

GLOBALFOUNDRIES Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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232.38

450.79

1,423.00

3,384.00

1,512.00

GLOBALFOUNDRIES Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial													3,870.00	3,392.00	2,695.00	1,512.00	1,078.00

GLOBALFOUNDRIES Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

GLOBALFOUNDRIES (GLOBALFOUNDRIES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GLOBALFOUNDRIES Inc (NAS:GFS) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

GFS:Mexico 76J:Germany

Address

400 Stonebreak Road Extension, Malta, NY, USA, 12020

Website

https://www.gf.com

GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 14,000 people.