Globalfoundries is trading 4.8% up at $71.20 after announcing a strategic partnership with SEALSQ to co-develop post-quantum cryptography and quantum computing semiconductor platforms.
- The collaboration focuses on developing PQC security IP, secure chiplet architectures, and CryoCMOS quantum technologies via a new Memorandum of Understanding (MoU).
- The initiative aligns with U.S. and European sovereign supply chain priorities, which has significantly bolstered investor sentiment in pre-market trading.