The company is benefiting from AI infrastructure momentum and new product launches, with a revised sales outlook signaling end-market recovery. Its subsidiary announced immediate availability of a new 28nm automotive-grade flash memory platform. The company also launched industry-first military-qualified plastic TVS devices for aerospace and defense. A former CEO was appointed to the board of GlobalFoundries, highlighting industry standing. However, its valuation is noted as lofty, suggesting much potential upside may already be priced into the stock.