August 20, 2025. GlobalFoundries (Nasdaq: GFS) (GF) has completed the acquisition of MIPS, a leading provider of AI and processor IP. The acquisition strengthens GF’s position as a global leader in differentiated semiconductor manufacturing solutions and expands its capabilities in AI, edge computing and other high-growth markets.
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The combination of GF and MIPS will combine decades of experience in advanced semiconductor manufacturing and processor IP innovation, enabling GF to offer more differentiated solutions to meet the growing demand for energy-efficient, high-performance computing at the network edge and beyond.
MIPS is expected to continue as an independent company within GF, retaining its licensing model and focusing on serving a broad customer base across multiple technology sectors.
GlobalFoundries (GF) is a leading manufacturer of semiconductors that the world depends on to live, work and communicate. We innovate and collaborate with our customers to deliver more energy-efficient and higher-performance products for the automotive industry, smart mobile devices, the Internet of Things, communications infrastructure and other high-growth markets. With our global manufacturing presence in the US, Europe and Asia, GF is a trusted and reliable partner for customers around the world. Every day, our talented global team delivers results with a relentless focus on safety, durability and sustainability.
©GlobalFoundries Inc, GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements regarding the merger of GF and MIPS that involve risks and uncertainties. These risks and uncertainties include, among others, potential adverse effects or changes in relationships with customers, employees, suppliers or other parties resulting from the completion of the transaction that could affect GF’s or MIPS’ business, including current plans and operations. Readers are cautioned not to place undue reliance on these forward-looking statements and are urged to consider the risks and uncertainties discussed in our 2024 Annual Report on Form 20-F, Current Reports on Form 6-K and other reports filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date they are made. GF undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual results, except as required by law.
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👉 www.gf.com
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