GLOBALFOUNDRIES Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the third quarter ended September 30, 2026.

Key Third Quarter Financial Highlights

• Revenue of $1.899 billion
• Gross margin of 30.1% and Non-IFRS gross margin of 31.4%
• Operating margin of 12.1% and Non-IFRS operating margin of 17.9%
• Net income (loss) of $(270) million and Non-IFRS net income of $298 million
• Diluted earnings (loss) per share ("EPS") of $(0.49) and Non-IFRS EPS of $0.53
• Non-IFRS adjusted EBITDA of $647 million
• Ending cash, cash equivalents and marketable securities of $3.2 billion
• Net cash provided by operating activities of $341 million and Non-IFRS adjusted free cash flow of $136 million

A fan group backing the #SaveMassEffect campaign has taken it offline. We Are Mass Effect, a fan community founded by Ariel Pena Aguilar, teamed up with illustrator and YouTuber Kala Elizabeth to buy a slot on a Times Square billboard in New York on October 26. The ad read "Keelah Si'yah #SaveMassEffect" and apparently ran for 15 seconds once an hour, costing just $250. This comes about a week after EA shut down BioWare and cancelled the next Mass Effect game, part of around 400 job cuts across the company.

Elizabeth, Ariel and Mer of We Are Mass Effect then started a GoFundMe for three mobile billboards: one outside EA's Redwood City headquarters, one outside its Edmonton office, and one at The Game Awards in Los Angeles on December 10. The $5,274 goal was reportedly hit in under 15 minutes, and donations are now paused at $5,715 from 89 donors. Any leftover money was meant for the Game Workers' Hardship Fund, though that fund can't take direct donations right now.

GlobalFoundries announced that it has been selected to provide the technology and to operate two planned semiconductor fabs at its Malta, New York, site. This is not a direct investment from GF but rather came as a new U.S.-Japan initiative involving up to $21 billion in funding. The first 300 mm fab will be funded with an initial investment of around $10 billion. GF expects to break ground later this year, with production planned to begin in 2029. In a second phase, another fab is planned with another $10 billion investment at a later date. When fully operational, each fab will produce around 900,000 wafers annually. GF expects to reach baseline capacity around 2031-2032 for the first fab, and projects 2033 for the second one. The expansion comes as the company seeks new opportunities in advanced packaging and semiconductor manufacturing. In April, AMD announced plans to work with GF on co-packaged optics (CPO) for its next-generation Instinct MI500 AI accelerators, scheduled for 2027. The company is also preparing to bring its 7 nm-class FDX Fusion technology into mass production at its Dresden, Germany, facility in 2028.

Separately, GF has reached an agreement with the U.S. Department of Commerce to amend its CHIPS and Science Act award, reallocating $955 million to accelerate investments in silicon photonics, silicon-germanium (SiGe), and advanced packaging at its facilities in Malta, New York, and Burlington, Vermont. Under a separate agreement, the U.S. government will receive an approximately 4% equity stake. In 2025, GlobalFoundries ranked fifth among the world's top ten foundries, behind TSMC, Samsung, SMIC, and UMC.

Fallout: New York, a free browser game written with Claude Opus 5.5, is offline after its creator received a cease-and-desist notice from Bethesda. X user Chris First revealed the project on September 28, and the reveal video reportedly passed 3.5 million views. It only lasted a few days, however. Apparently, the notice came from ZeniMax Media, Bethesda's parent company, and said that it is obliged as a trademark owner to "monitor and enforce against the unauthorized and infringing use of its trademarks." The game has since been set to private, and Bethesda hasn't commented publicly so far.

The project was quite ambitious for something an AI model wrote. First claimed 117 locations, 112 characters, and 46 weapons, along with quests, dialogue trees, V.A.T.S., and a working Pip-Boy. It shipped without any texture or sound files, with First saying that "every building, weapon, face, and sound is generated by code." Of course, a game using the Fallout name was always going to get noticed by the lawyers, free or otherwise. Similarly, mere days ago, Take-Two sent a cease-and-desist to a project trying to bring GTA 5 to Android. As for official Fallout games in the pipeline, Bethesda has confirmed four Fallout games in development, and inXile Entertainment is also reportedly working on a new one.

With recent insider reports claiming that Microsoft is putting pressure on Xbox to increase profitability, and given the recent mass layoffs that have taken place at Xbox Game Studios, it's easy to see why there were rumors floating around that Microsoft and Xbox CEO, Asha Sharma, were preparing the gaming division for a divestment or to be sold off. However, Sharma has addressed those allegations directly in a recent interview with The New York Times, where she clarified that Xbox is in it for the long-haul, and that Microsoft has no plans to sell off its gaming division.

Asha Sharma via Windows CentralXbox is not for sale. [...] We will do whatever it takes to set the company up for success, and we will look at the right partnerships, the right operating model and everything needed to achieve that. [...] We've got a long way to go with Microsoft, and we're going to take the long-term view.

Spotify has started displaying GTA 6-themed artwork on massive billboards in New York, Los Angeles, and Miami, adding a new layer to the game's already active marketing rollout. The images match ones recently posted by musicians including Travis Scott, Future, Metro Boomin, Morgan Wallen, and Keith Richards, all of whom teased possible collaborations with Rockstar Games on their own social accounts. Spotify used its own logo in the artwork and shared the billboards on X, but offered no further explanation of what it's actually planning with Rockstar. Multiple artists posted GTA-styled teasers hinting at soundtrack or in-game radio involvement in the days before Spotify's billboards went up, so this doesn't come entirely out of nowhere.

Speculation now ranges from official playlists and new songs to a joint marketing push tied to the soundtrack. Some fans are hoping for something more ambitious, such as direct Spotify integration that would let players stream their own playlists inside the game. That's a feature request that's floated around GTA and Rockstar communities for years, and it has never made it into a mainline entry. Rockstar hasn't confirmed any of this, so it's worth treating the billboards as just a marketing tease for now. GTA 6 is currently set to launch on November 19, and the GTA 6 Album drops on the same day.

Micron Technology, Inc. (Nasdaq: MU) today announced it is accelerating its planned U.S. fab and technology investments and increasing its expected spend to more than $250 billion through 2035, driven by surging demand for memory in the AI era. Micron anticipates that the increase in investments will support its long-term goal of producing 40% of its DRAM in the U.S. while creating additional good-paying direct and indirect jobs. The expanded investment reflects Micron's confidence in its technology leadership and continued demand for its leading-edge memory products.

The announcement comes as Micron celebrates the first concrete pour milestone at its Clay, New York site, which occurs more than one quarter ahead of the original plan and marks the transition from site preparation to vertical construction. As announced earlier today, Micron also plans to invest up to $3 billion to develop the domestic semiconductor supply chain ecosystem in support of its U.S. manufacturing footprint.

Today, IBM and the U.S. Department of Commerce (DoC) announced a Letter of Intent (LOI) to build an American quantum chip foundry, securing the nation's global quantum leadership and fueling the country's growing quantum ecosystem. The CHIPS incentive from the DoC will support the research and development efforts of a new IBM company: Anderon, which will be America's first pure-play quantum foundry. This initiative represents one of the most significant commitments by the U.S. Government to date in quantum R&D to position the United States to manufacture most of the world's quantum wafers.

In addition to the $1 billion in CHIPS incentives provided by the DoC, IBM will contribute $1 billion of cash into Anderon, along with IBM investing significant intellectual property, assets, and a skilled workforce, with additional investors expected as Anderon grows. Headquartered in Albany, New York as a standalone company, Anderon will operate as a state-of-the-art 300-millimeter quantum wafer foundry. It will help the nation solidify its leadership at the center of a thriving new quantum industry that is estimated to generate up to $850 billion in economic value by 2040 and spur American economic growth while also bolstering national security.

In February, we reported on Valve's latest legal troubles: A lawsuit brought forward by the New York State Attorney General, Letitia James, who claims that the loot box and community market systems in games like Counter-Strike amount to "quintessential gambling," and expose children and adolescents to potential gambling addiction later in life. Valve later issued a public statement dismissing the contents of the lawsuit and arguing that loot boxes are no different from physical blind-box goods, like trading cards and Labubus. Loot boxes have been controversial in gaming for almost as long as they've been around, and this lawsuit has sparked discussions about how they could be inherently predatory, but ultimately, it seems as though Valve's argument centers around the letter of the law as much as the practical applications. According to a recent filing in the New York Supreme Court, Valve is seeking to dismiss the lawsuit based on a version of the same argument presented in the aforementioned statement and interpretation of what constitutes gambling.

Valve's motion to dismiss argues that mystery boxes are not classified as gambling under New York constitutional or statutory law, arguing that "The New York Court of Appeals has interpreted "gambling" under section 9 of the New York Constitution to prohibit 'the risking of money or something of value on games of chance, as well as bets and wagers by nonparticipants on competitions of skill.'" and that "Valve's offering of mystery boxes does not 'promote gambling' under any plausible reading of these provisions because player does not 'stake or risk' anything when purchasing a mystery box, a skin is not 'something of value,' and there is no wager 'agreement' between a player and Valve." The argument also postulates that skins do not qualify as "something of value" by the verbiage of New York's gambling law, arguing that "mystery boxes are not things of value because a 'virtual in-game item or feature designed or perceived to enhance gameplay' 'can only be used within the games themselves,'" and that "a skin is not money or property."

The New York state attorney general, Letitia James, recently announced that she was taking Valve to court over what she called "quintessential gambling" via loot boxes in games like Counter-Strike, Team Fortress, and Dota, stating that these loot boxes target children and adolescents, and that they put children at risk of becoming addicted to gambling when they reach adulthood. On March 11, Valve published a response to this lawsuit in a dedicated Steam Support page, stating that it does not believe the mystery boxes violate any New York state laws, defending its loot box economy by likening it to real-world blind boxes, and criticizing the attorney general for taking Valve to court while turning a blind eye to the aforementioned real-world examples.

Valve says that it had previously met with the attorney general and explained that these mystery box systems are widely used "not just in video games but in the tangible world as well," likening loot boxes to real-world products like baseball cards, Magic: The Gathering cards, Pokémon cards, and even Labubus. Valve adds that "players don't have to open mystery boxes to play Valve games," and it insists that most gamers never do. According to the gaming giant, it has been cooperating with the NY attorney general's investigation and has shut down a number of accounts found to be using loot box cosmetics on gambling sites, citing that it has closed over a million accounts for this reason. Building on its example of baseball cards, Valve criticizes the NY attorney general taking issue with the fact that the in-game items are tradable and transferrable, suggesting that if trading physical goods, like baseball cards, isn't prohibited, neither should trading in-game cosmetics be.

The State of New York's attorney general, Letitia James, has officially taken gaming giant, Valve, to court in a state court in Manhattan, alleging that the combination of games like Counter-Strike, Team Fortress, and Dota, wherein players can earn and use real money to buy loot boxes, and Steam's Community Market, where rare skins and items can be sold, often for exorbitant prices, amount to "quintessential gambling." There are reports of Counter-Strike: Global Offensive skins selling for as much as $2.5 million, with the game touted as having the biggest in-game economy of any video game. Valve previously adjusted the way it presented loot boxes and their rewards to players, seemingly specifically to avoid EU gambling regulations.

The lawsuit, spotted by Reuters, alleges that "Valve's loot boxes are particularly pernicious because they are popular among children and adolescents," going on to state that these mechanics put children at risk of becoming addicted, with the complaint adding that children are four times more at risk of becoming addicted to gambling in adulthood if they are exposed to gambling before the age of 12. The lawsuit seeks restitution for players and a fine of three times Valve's earnings from any activities deemed to be illegal. Loot boxes are largely looked down on by gamers and lawmakers alike, because players are encouraged to spend money on them, and they provide no guarantee of any return or specific value. If James succeeds against Valve in the lawsuit, it could set a precedent that may result in sweeping changes across both Steam and the gaming industry at large.

A pair of lawmakers in New York wants to put a pause on new data centres in the state for the next three years and ninety days, for the state to be able to assess the impact on water, electricity and gas usage. New York would follow in the footsteps of Georgia, Maryland, Oklahoma, Vermont and Virginia—according to Wired—with Florida also considering legislation.

New York state has at least 133 data centres, with most being located in New York City and Buffalo, followed by Albany and Long Island, which according to National Grid New York President Sally Librera will see the electricity demand jump to 10 GW over the next five years. Common among all the states is that the cost of electricity and other utilities have increased, with electricity prices by around 13 percent in 2025. Some of the states want the data centres to "pay their own way", although considering the time it takes to build the infrastructure needed, this might end up being a problem with the current growth rate of new datacentres. With an increasing number of US states considering moratoriums for new datacentres, the current AI boom might have hit a snag that none of the companies involved can get around.

Micron Technology, Inc. (Nasdaq: MU) today announced that on Jan. 16, 2026, it will officially break ground on its megafab in Onondaga County, New York. Following rigorous environmental review and necessary permit approvals, Micron is now positioned to begin ground preparation and construction at the site.

Marking the largest private investment in New York state history, the project will be home to the most advanced memory manufacturing in the world and will help meet the growing demands of the AI systems that are central to the modern economy. With up to four fabs, this will be the largest semiconductor facility in the United States.

Late last month, MSI and Intel held a special preview event in New York City. Members of the press, influencers, and other important figures were invited to take a closer look at a next-gen laptop products—with emphasis placed on a Prestige 2026 lineup. Placards and company representatives confirmed that demo units—aimed at business and productivity—were running on codename "Panther Lake" processors; produced via Intel Foundry's 18A process. Team Blue's Core Ultra 300 series is due for a proper unveiling at next month's CES trade show, but a lucky few have already taken early samples for a spin, including ETA Prime. The PC hardware YouTuber shared his experience (his video report can be viewed below) online; surmising that "Panther Lake" mobile performance exceeds preceding hardware generations, especially in the area of integrated graphics.

MSI's brand-new Prestige designs offer 13, 14 and 16-inch screen sizes. Customers can consider premium OLED panels (over standard IPS), granting high brightness levels and refresh rates. Accompanying literature outlines touch screen and pen support. The Taiwanese manufacturer has opted for a lightweight magnesium-aluminium chassis setup; a distinct upgrade over past Prestige material choices. Up to 13.9 mm slim profiles are matched with pleasing weight estimates: under a kilo for the 13-inch model, below 1.4 kg on the 14-inch option, and beneath 1.6 kg for the 16-inch configuration. Ultra-long battery life—a claimed 24+ hours—is touted as a standout feature. ETA Prime alluded to the development of a "Panther Lake"-powered next-gen MSI gaming handheld, but company reps would not officially confirm this mystery device's existence. MSI has remained relatively loyal to Intel regarding selections of gaming chipsets—earlier this year, a Team Blue exec engaged in some hyping up of "Panther Lake" and "Arrow Lake" capabilities within this market segment.

GlobalFoundries (NASDAQ: GFS) (GF) today announced the acquisition of Advanced Micro Foundry (AMF), a silicon photonics foundry based in Singapore, marking a pivotal step in GF's strategy to advance innovation and its leadership in silicon photonics. This acquisition will expand GF's silicon photonics technology portfolio, production capacity and research and development in Singapore, complementing its existing technology capabilities in the U.S. and unlocking new market opportunities with a broader set of datacenter and communication technologies.

GF's acquisition of AMF brings together AMF's manufacturing assets, extensive intellectual property and skilled talent to significantly expand GF's silicon photonics technology and establish the company as the largest silicon photonics pure-play foundry by revenue. Leveraging over 15 years of AMF's manufacturing expertise, GF will address demands in long-haul optical communications, computing, LiDAR and sensing on AMF's 200 mm platform in Singapore with plans to scale to 300 mm as market needs grow, ensuring reliable global supply for AI datacenters, communications and next-generation applications.

Today, we are announcing a $50 billion investment in American computing infrastructure, building data centers with Fluidstack in Texas and New York, with more sites to come. These facilities are custom built for Anthropic with a focus on maximizing efficiency for our workloads, enabling continued research and development at the frontier. The project will create approximately 800 permanent jobs and 2,400 construction jobs, with sites coming online throughout 2026. It will help advance the goals in the Trump administration's AI Action Plan to maintain American AI leadership and strengthen domestic technology infrastructure. We are proud to create good American jobs and bolster American competitiveness.

"We're getting closer to AI that can accelerate scientific discovery and help solve complex problems in ways that weren't possible before. Realizing that potential requires infrastructure that can support continued development at the frontier," said Dario Amodei, CEO and co-founder of Anthropic. "These sites will help us build more capable AI systems that can drive those breakthroughs, while creating American jobs."

Micron has announced a significant revision to the schedule for its semiconductor campus near Clay, New York, with initial production now set to begin at the end of 2030. According to company filings and permit documents, the construction timeline for the first manufacturing facility has been extended from three years to four, and regulators have approved this adjusted schedule. Additionally, Micron has amended its $6.1 billion CHIPS Act agreement to reallocate approximately $1.2 billion from the Clay project to expedite expansion in Boise, Idaho, allowing the Idaho site to become operational well before the New York facility. This is part of Micron's strategy to maintain at least 40% of its DRAM manufacturing operations in the U.S.

The revised schedule significantly delays the following phases of the Clay campus and changes the project's long-term outlook. According to the new plan, the second fab is now set to begin in mid-2030 and is expected to be completed around 2034. Similar delays have affected the third and fourth fabs. As a result, the completion of the entire four-fab campus has been pushed from the original target of 2040 to closer to 2045. This delay also affects the introduction of community support initiatives, such as childcare, housing, and transit improvements, which are intended to benefit the campus workforce. Local officials attribute the slowdown primarily to labor shortages and extended construction cycles.

NVIDIA today announced that it is working with the U.S. Department of Energy's national labs and the nation's leading companies to build America's AI infrastructure to support scientific discovery, economic growth and power the next industrial revolution.

"We are at the dawn of the AI industrial revolution that will define the future of every industry and nation," said Jensen Huang, founder and CEO of NVIDIA. "It is imperative that America lead the race to the future—this is our generation's Apollo moment. The next wave of inventions, discoveries and progress will be determined by our nation's ability to scale AI infrastructure. Together with our partners, we are building the most advanced AI infrastructure ever created, ensuring that America has the foundation for a prosperous future, and that the world's AI runs on American innovation, openness and collaboration, for the benefit of all."

AMD (NASDAQ: AMD) announced it will host its 2025 Financial Analyst Day on Tuesday, Nov. 11, 2025, in New York City. The event will feature presentations from AMD's executive leadership team, highlighting the company's strategy and growth opportunities, innovative product and technology roadmaps and long-term financial plan. A live video webcast and replay of the event will be available on the AMD Investor Relations website at ir.amd.com.

Micron Technology, Inc. (Nasdaq: MU) and the Trump Administration today announced Micron's plans to expand its U.S. investments to approximately $150 billion in domestic memory manufacturing and $50 billion in R&D, creating an estimated 90,000 direct and indirect jobs. As part of today's announcement, Micron plans to invest an additional $30 billion beyond prior plans which includes building a second leading-edge memory fab in Boise, Idaho; expanding and modernizing its existing manufacturing facility in Manassas, Virginia; and bringing advanced packaging capabilities to the U.S. to enable long-term growth in High Bandwidth Memory (HBM), which is essential to the AI market. Additionally, Micron is announcing a planned $50 billion domestic R&D investment, reaffirming its long-term position as the global memory technology leader. As previously announced, Micron's investment includes its ongoing plans for a megafab in New York.

Micron's approximately $200 billion broader U.S. expansion vision includes two leading-edge high-volume fabs in Idaho, up to four leading-edge high-volume fabs in New York, the expansion and modernization of its existing manufacturing fab in Virginia, advanced HBM packaging capabilities and R&D to drive American innovation and technology leadership. These investments are designed to allow Micron to meet expected market demand, maintain share and support Micron's goal of producing 40% of its DRAM in the U.S. The co-location of these two Idaho fabs with Micron's Idaho R&D operations will drive economies of scale and faster time to market for leading-edge products, including HBM.

Earlier today, GlobalFoundries announced a boosted $16 billion investment. This cash injection will further drive the expansion of current North American chip production facilities. Specifically, an extra $3 billion will be spent on supporting advanced research and development projects. The multinational corporation's leadership outlined key R&D goals: packaging innovation, silicon photonics, and next-generation gallium nitride technologies. An additional $1 billion "capital spending boost" will bolster upgrades of the firm's New York and Vermont foundry sites. AMD, Apple, General Motors, NXP Semiconductors, Qualcomm and SpaceX were listed as notable partners—collectively, they are engaged in elevating the domestic semiconductor industry.

Top brass did not detail a firm upgrade timeline, but Tim Breen—the GlobalFoundries CEO—provided a short explanation (via Reuters): "the reason we're not sort of being super clear about exactly what's spent by when is because obviously some of this is demand-driven. We see a very strong demand, but it takes time to convert (demand) into specific ramps and project timing. And what you don't want to do is shoot too far ahead or fall too far behind." As part of the original $12 billion outlay, GlobalFoundries revealed intentions for its Malta, New York site. Around mid-January (2025), the company unveiled blueprints for an advanced packaging and photonics center—destined for construction at their Saratoga County-based chip manufacturing hub. GlobalFoundries is best known for its decidedly mature product portfolio—around late March/early April, the firm's executive team denied that they were considering a merger with UMC. This speculative deal could lead to a greater international footprint of foundries; mostly tasked with pumping out 28 nm (and larger) wafers.

This week, IBM and Tokyo Electron (TEL) announced an extension of their agreement for the joint research and development of advanced semiconductor technologies. The new 5-year agreement will focus on the continued advancement of technology for next-generation semiconductor nodes and architectures to power the age of generative AI. This agreement builds on a more than two-decade partnership between IBM and TEL for joint research and development. Previously, the two companies have achieved several breakthroughs, including the development of a new laser debonding process for producing 300 mm silicon chip wafers for 3D chip stacking technology.

Now, bringing together IBM's expertise in semiconductor process integration and TEL's leading-edge equipment, they will explore technology for smaller nodes and chiplet architectures to achieve the performance and energy efficiency requirements for the future of generative AI. "The work IBM and TEL have done together over the last 20 years has helped to push the semiconductor technology innovation to provide many generations of chip performance and energy efficiency to the semiconductor industry," said Mukesh Khare, GM of IBM Semiconductors and VP of Hybrid Cloud, IBM. "We are thrilled to be continuing our work together at this critical time to accelerate chip innovations that can fuel the era of generative AI."

Greetings, heroes! Tribute Games, Dotemu, and Marvel Games assemble today to announce MARVEL Cosmic Invasion, an arcade-style beat 'em up featuring an incredible roster of characters from Marvel's golden eras!

A Cosmic Battle awaits!
After Annihilus has launched an unprecedented attack across the galaxy, all life hangs in the balance. Nova, Spider-Man, Wolverine, Phyla-Vell, Captain America, and many more heroes, both earth-born and cosmic, will join forces in a star-spanning brawling adventure against the deadly Annihilation Wave. Get ready to brawl through the streets of New York City and all the way to the depths of the Negative Zone to foil Annihilus' plan to spread death across the cosmos!

GlobalFoundries (Nasdaq: GFS) (GF) today announced plans to create a new center for advanced packaging and testing of U.S.-made essential chips within its New York manufacturing facility. Supported by investments from the State of New York and the U.S. Department of Commerce, the first-of-its-kind center aims to enable semiconductors to be securely manufactured, processed, packaged and tested entirely onshore in the United States to meet the growing demand for GF's silicon photonics and other essential chips needed for critical end markets including AI, automotive, aerospace and defense, and communications.

Growth in AI is driving the adoption of silicon photonics and 3D and heterogeneously integrated (HI) chips to meet power, bandwidth and density requirements in datacenters and edge devices. Silicon photonics chips are also positioned to address power and performance needs in automotive, communications, radar, and other critical infrastructure applications.

The Biden-Harris Administration has given Micron Technology up to $6.165 billion in direct funds through the CHIPS Incentives Program to back the company's manufacturing growth. The money will allow Micron to execute its plan announced in October 2022 by investing about $100 billion into Clay, New York fab, and $25 billion into Idaho over 20 years aiming to boost the United States' advanced memory manufacturing from under 2% to around 10% by 2035. This large investment aims to make the U.S. economy stronger by creating a home supply of cutting-edge DRAM chips, moreover it is expected to create approximately 20,000 job across the U.S. Micron plans to spend about $50 billion before 2030 focusing on making more advanced memory semiconductor technology.

Also, the Department of Commerce has put pen to paper on a first draft of terms with Micron. This could lead to funding of up to $275 million to upgrade its Manassas, Virginia plant. The $2 billion investment project aims to bring Micron's 1-alpha technology back to U.S. The 1-alpha process was launched in 2021 and is used for the latest LPDDR5 DRAM chips. This would boost monthly wafer production and create over 400 factory jobs. At its busiest, the project could generate up to 2,700 jobs in the local area.