It’s a very good time to be a chip maker. Any type of chip maker.
GlobalFoundries has been a sizzling property since going public in late October. The inventory had risen 47% from its itemizing worth forward of the corporate’s third-quarter report late Tuesday. That made the corporate some of the richly valued within the semiconductor house at practically 78 occasions ahead earnings—a notable premium for a chip maker that stepped out of the race to make the most-advanced processors a couple of years again. Taiwan Semiconductor Manufacturing , which dominates contract chip manufacturing, trades at lower than one-third that a number of.
