globalfoundries shares are trading higher tuesday after the contract chip manufacturer posted betterthanexpected results for the third quarter despite recent softening of the global semiconductor market globalfoundries ticker gfs focuses on commodity chips which have remained in short supply throughout the pandemic while weakness in the personal computer and smartphone markets has reduced sales of memory chips microprocessors and certain other more expensive parts that require cuttingedge factories demand remains robust for the cheaper parts manufactured by globalfoundries which are used in industrial communications and automotive applications among other places