GlobalFoundries: Silicon Photonics & Co-Packaged Optics Progress 

GlobalFoundries has delivered a mixed performance in their first quarter of fiscal 2025, marked by both positive developments and notable challenges. On the positive side, the company reported revenues of $1.585 billion, representing a 2% increase year-over-year despite a sequential decline of 13%, achieved partly through significant contributions from its automotive and communications infrastructure and data center segments. Notably, the automotive segment accounted for 19% of total revenue and saw a 16% increase year-over-year, driven by increasing silicon content in vehicles that offset a decline in unit sales. Similarly, the communications infrastructure and data center end market grew by 45% over the prior year.