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00:02Global Foundry's forecast second quarter revenue above Wall Street expectations on Tuesday
00:07as data center deployments accelerate globally, according to Reuters.
00:11The chipmaker cited growth in radio frequency chips and silicon photonics
00:16used in AI data centers and quantum computers.
00:19It expects adjusted earnings of 43 cents per share, plus or minus 5 cents,
00:24versus expectations of 40 cents.
00:26The company expects June quarter revenue of about $1.76 billion,
00:32plus or minus $25 million, compared with estimates of $1.74 billion,
00:38according to LSEG data.
00:41First quarter revenue came in at $1.63 billion, in line with expectations.
00:47The company said demand tied to data centers remains among the tightest segments,
00:51with strong visibility beyond typical cycles.
00:54Shares were up by 6% in pre-market trading.
00:58For all things money, visit Benzinga.com.
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