Infosys Expands AI Deal with GlobalFoundries (NYSE: INFY, NASDAQ: GFS)

Infosys (NYSE: INFY) announced on June 23, 2026, an expanded multi-year AI and automation deal with GlobalFoundries (NASDAQ: GFS). Under the agreement, Infosys will manage the semiconductor manufacturer's global IT infrastructure and operations, leveraging its Topaz AI suite. The expansion aims to enhance operational efficiency and accelerate time-to-market for GlobalFoundries. This strategic partnership focuses on driving digital transformation within GlobalFoundries' IT landscape. Infosys' AI-powered solutions are expected to streamline processes and reduce operational costs, solidifying its role as a key technology partner. Following the announcement, Infosys shares saw a modest gain, rising 0.1% to $18.27 in premarket trading on June 23, 2026. GlobalFoundries shares also edged up 0.2% to $52.75 during the same period.