GlobalFoundries announced its Q1 2026 financial results with revenue of $1.634 billion and a gross margin of 27.6%. The company reported net income of $104 million and non-IFRS net income of $227 million, reflecting strong profitability despite a slight sequential revenue decline. Key business highlights include the launch of the SCALE optical module for co-packaged optics, aimed at enhancing AI data center connectivity, and an expanded partnership with Renesas Electronics to support automotive and industrial IoT applications. Looking ahead, GlobalFoundries expects continued growth driven by its advanced semiconductor technologies and strategic collaborations.
Cortea secured €12 million in funding led by Dawn Capital to develop AI-powered Audit Quality Agents that review audit reports and financial statements, identifying errors and inconsistencies before sign-off. These tools help audit firms improve qual...
Cortea secured €12 million in seed funding led by Dawn Capital to develop AI tools that enhance audit quality without compromising accuracy. Their Audit Quality Agents review audit reports and financial statements to detect inconsistencies and errors...
Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign featuring a series of vibrant summer events including the 50th Sun Life Hong Kong International Dragon Boat Festival, Pixar Summer Fest, and a major football event with top Euro...
Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign, featuring festivals, family attractions, sports events, and exclusive summer deals valid until August 31. Highlights include the 50th Sun Life Hong Kong International Dragon Bo...
XTransfer has been recognized for the second consecutive year in FXC Intelligence’s 2026 Top 100 Cross-Border Payments Companies list, highlighting its role in advancing global B2B payment solutions. The company, serving over 890,000 enterprises in 2...
