GlobalFoundries’ stock dips below $50 as director Marc Antaki sells 1,600 shares to cover tax liabilities on vested stock units — a move not driven by panic but timed near the stock’s recent slide. Despite holding significant remaining shares and more on the horizon, the sale underscores market pressure. The semiconductor giant, valued at $27B and generating $7B in revenue, is pivoting toward high-margin sectors like automotive and telecom, but faces headwinds from slowing smartphone demand. Upcoming Q2 earnings will be critical — investors are watching to see if strategic shifts can offset broader tech spending concerns and steer the stock back upward.
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