On July 9, GLOBALFOUNDRIES rose 5.91% in pre-market trading, trading at $71.20/share, with turnover of $1.7819 million, rebounding sharply after a period of weakness.

On the news front, GLOBALFOUNDRIES and SEALSQ announced the signing of a memorandum of understanding to jointly develop post-quantum cryptography and semiconductor-based quantum computing technologies across secure microchip platforms. The partnership focuses on creating certified hardware protection modules, unified chiplet architectures, and a CryoCMOS ecosystem. The companies will collaborate through GlobalFoundries' MIPS unit to manufacture pre-certified PQC security components, with production using US-based factories to supply European and domestic markets.

The quantum computing narrative continues to gain traction following the US government's announcement of $2.013 billion in investments to nine quantum computing companies, with GlobalFoundries set to receive $375 million. Additionally, broader semiconductor sector strength provided support, with Micron Technology up 6.54%, Intel up 5.21%, and Broadcom up 4.08% among sector peers.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)