Saba Capital Management, L.P. purchased $907K of GF (indirect holdings)

Japan and the US agreed on a $21B investment in a new chip plant by GlobalFoundries (GF) in New York, part of a $550B semiconductor initiative. GF's P/S ratio is high at 19.4x, and it is unprofitable. Insiders have bought $1.32M in shares recently. The GF Score is 42/100, indicating moderate performance.

GlobalFoundries (GF) and TSMC have agreed on a five-year deal for GF to produce silicon interposers in Malta, New York, for TSMC's CoWoS advanced packaging, supporting AI chips. Production is set to begin in early 2028, with potential scaling for future demand. According to GF, this partnership strengthens the US semiconductor supply chain and supports AI innovation.

Xanadu Quantum Technologies (XNDU) partnered with GlobalFoundries to scale production of photonic quantum components on 300 mm semiconductor lines. The focus is on manufacturing ultra-low loss Silicon Nitride circuits and Superconducting Nanowire Single-Photon Detectors for fault-tolerant quantum computing. The collaboration aims to support Xanadu's future quantum computer demonstrators and commercial deployments.

According to GF, it agreed to sell its aerospace and industrial gas turbine investment casting foundry (Precicast-Group) to US-based Consolidated Precision Products Corp. (CPP). Closing is expected by late 2026, subject to conditions. Precicast employs about 600 people across three sites and is expected to generate about CHF 220 million in cash proceeds, used to reduce net debt.

Saba Capital Management, L.P. purchased 244,493 indirectly-held shares of NEW GERMANY FUND INC (GF) at an average of $11.93 ($11.82–$11.93, $2.92M total) across 2 trades over 2026-05-26 to 2026-05-27.

KAMFAR RAMIN purchased 178,677 indirectly-held shares of Bluerock Private Real Estate Fund (BPRE) at an average of $12.48 ($12.48–$12.48, $2.23M total) across 2 trades over 2026-10-26 to 2026-10-27.