Xanadu Quantum Technologies and GlobalFoundries strike a multiyear partnership to build quantum hardware components.

Xanadu Quantum Technologies Ltd. (NASDAQ:XNDU) shares are trading higher Tuesday after the company announced a strategic multi-year partnership with GlobalFoundries Inc. (NASDAQ:GFS) to manufacture components for utility-scale quantum computers.

MALTA, N.Y., Sept. 30, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Wednesday, November 4, 2026, at 8:30 a.m. ET following the release of the company's third quarter 2026 financial results.

GlobalFoundries is expanding its photonics portfolio with SMART Photonics as AI-driven optical networking demand accelerates across data centers.

GFS is expanding gross margins through a richer revenue mix, manufacturing gains and higher utilization, while future gains hinge on execution.

GlobalFoundries Inc. (NASDAQ: GFS - Get Free Report) insider Samak Azar sold 335 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $44.87, for a total value of $15,031.45. Following the transaction, the insider directly owned 9,464 shares in the company, valued at approximately $424,649.68.

GlobalFoundries is boosting SiGe capacity for MRVL as AI and cloud data centers drive demand for high-speed optical connectivity.

GlobalFoundries Inc. (GFS) rose 7.04% and Marvell Technology Inc. (MRVL) 5.44% intraday after the two expanded an agreement to increase production capacity for

Globalfoundries Inc (NASDAQ:GFS) and Marvell Technology Inc (NASDAQ:MRVL) expanded their multiyear manufacturing agreement to increase semiconductor production capacity as growing AI data centers fuel demand for faster optical connections. The agreement will boost production capacity at GlobalFoundries' Burlington, Vermont, facility for silicon germanium technology, known as SiGe, which enables faster and more energy-efficient semiconductor devices.

TSMC dominates AI silicon and just raised its growth outlook, yet one corner of GlobalFoundries' business is quietly outpacing it on a percentage basis while the stock sits near a 52-week low.