GlobalFoundries Inc (NASDAQ:GFS) reported a fiscal second-quarter 2024 revenue decline of 12% year-on-year to $1.63 billion, beating the analyst consensus estimate of $1.62 billion. The contract chipmaker’s adjusted EPS of 38 cents beat the analyst consensus estimate of 28 cents.  Smartphone and mobile device revenue fell by around 3% from a year ago, while industrial IOT revenue declined 28%, Reuters reports. The topline decline reflected high inventory levels at its customers in the Home and Industrial Internet of Things (IoT), smart mobile ...