India, May 21 -- GlobalFoundries Inc. (GFS) shares surged 12.53 percent to $79.66, up $8.87 on Thursday, after the semiconductor manufacturer launched Quantum Technology Solutions to expand manufacturing capabilities for utility-scale quantum computing.
The stock is currently trading at $79.66, compared with a previous close of $70.79 on the Nasdaq. It opened at $78.00 and traded between $75.11 and $80.48 during the session, with volume reaching 3.72 million shares, near the average daily volume of 4.10 million shares.
The new business will focus on producing quantum processor units, cryogenic control chips, advanced packaging, and superconducting interconnect technologies designed for next-generation quantum systems.
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