GlobalFoundries boosts AI data centers with new co-packaged optics tech, shares rise 4%.

GlobalFoundries introduced a new co-packaged optics technology that integrates optical transceivers with chips, aiming to reduce power consumption and increase bandwidth in AI data centers. This innovation comes amid growing demand for optical networking in AI applications, highlighted by Goldman Sachs as a rapidly expanding market. Following the announcement, GlobalFoundries' stock rose 4%, signaling investor confidence in the company's potential to capitalize on AI infrastructure growth. This development positions GlobalFoundries as a key player in the evolving AI hardware landscape.