
Why GlobalFoundries Rallied on Friday
A “Wall Street Journal” report highlighted a new potential semiconductor tariff rule, boosting U.S. chip manufacturers. Shares of U.S.-based semiconductor manufacturing company GlobalFoundries (GFS 7.69%) rallied on Friday, with the stock up 6.7% as of 1:50 p.m. ET. Last night, the Wall Street Journal published an article outlining a new Trump administration proposal to phase…