GlobalFoundries to Acquire MIPS to Accelerate AI and Compute Capabilities

Rhea-AI Summary

GlobalFoundries (Nasdaq: GFS) has announced a definitive agreement to acquire MIPS, a leading AI and processor IP supplier. The strategic acquisition will enhance GF's portfolio with RISC-V processor IP and software tools focused on real-time computing applications.

The deal aims to strengthen GF's position in autonomous mobility, industrial automation, datacenter, and intelligent edge markets. MIPS recently launched its Atlas portfolio, featuring compute cores for real-time processing and specialized AI edge processing, along with the Atlas Explorer virtual platform for optimization.

Post-acquisition, MIPS will operate as a standalone business within GF. The transaction is expected to close in H2 2025, subject to regulatory approvals.

Positive

• Strategic expansion into AI and processor IP market through MIPS acquisition
• Access to MIPS' Atlas portfolio of RISC-V compute cores and software tools
• Enhanced ability to offer customizable IP solutions integrated with GF's process technologies
• Strengthened position in high-growth markets including automotive, industrial automation, and datacenter

Negative

• Regulatory approval requirements could delay or affect deal closure
• Integration challenges of maintaining MIPS as standalone business while achieving synergies
• No disclosed financial terms or transaction value to assess deal economics

Acquisition will expand GF portfolio with cutting-edge RISC-V processor IP and software tools for real-time computing in autonomous mobility, industrial automation, datacenter and intelligent edge applications

MALTA, N.Y. and SAN JOSE, Calif., July 08, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced a definitive agreement to acquire MIPS, a leading supplier of AI and processor IP. This strategic acquisition will expand GF’s portfolio of customizable IP offerings, allowing it to further differentiate its process technologies with IP and software capabilities.

“MIPS brings a strong heritage of delivering efficient, scalable compute IP tailored for performance-critical applications, which strategically aligns with the evolving demands of AI platforms across diverse markets,” said Niels Anderskouv, president and chief operating officer at GlobalFoundries. “Through this acquisition, we will expand our capabilities to offer customers more flexible solutions, paired with our differentiated process technologies and world-class manufacturing to help them build best-in-class products. This acquisition will be a powerful step forward to push the boundaries of efficiency and performance across a broad range of applications in automotive, industrial and datacenter infrastructure.”

MIPS recently expanded its processor IP offerings, based on open RISC-V specification, with the launch of its Atlas portfolio, a comprehensive suite of compute cores designed for real-time and application processing as well as specialized AI edge processing cores. Additionally, MIPS also introduced Atlas Explorer, a virtual platform that enables optimization of performance, power and area to shift-left in the design cycle.

“Becoming part of GlobalFoundries marks the start of a bold new chapter for MIPS,” said Sameer Wasson, CEO of MIPS. “GF’s proven track record in delivering differentiated technologies through a secure, global manufacturing footprint will enhance our ability to accelerate innovation and scale our solutions—unlocking new opportunities in the Physical AI space and driving even greater value for our customers.”

The acquisition of MIPS is subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approvals, and is expected to be completed in the second half of 2025. Following the acquisition, MIPS will continue to operate as a standalone business within GF and serve its customers across a broad range of technologies.

About MIPS
MIPS is the leading provider of compute subsystems for autonomous platforms in automotive, industrial, and embedded markets. With a 40-year heritage in RISC computing innovation and safety capable processing, MIPS is uniquely positioned to simplify the adoption of Physical AI in industrial robotics and automotive applications. MIPS technology is based on the open specification RISC-V instruction set architecture, featuring MIPS pioneering, patented, multi-threaded capabilities to move beyond proprietary legacy architecture lock-ins. For more information, please visit MIPS.com.

About GF
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity and sustainability. For more information, visit www.gf.com.

©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.

Forward-looking Information
This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law. 

Media Contact:
Erica McGill
erica.mcgill@gf.com
+1-518-795-5240

FAQ

What is the strategic rationale behind GlobalFoundries' acquisition of MIPS?

GF is acquiring MIPS to expand its portfolio with RISC-V processor IP and software tools, enabling the company to offer more differentiated solutions in AI, autonomous mobility, industrial automation, and datacenter markets.

When will GlobalFoundries complete the MIPS acquisition?

The acquisition is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approvals.

What products does MIPS bring to GlobalFoundries' portfolio?

MIPS brings its Atlas portfolio of compute cores for real-time and application processing, AI edge processing cores, and the Atlas Explorer virtual platform for performance optimization.

How will MIPS operate after being acquired by GlobalFoundries?

MIPS will continue to operate as a standalone business within GF and serve its customers across various technologies.

What markets will benefit from the GlobalFoundries-MIPS merger?

The merger will benefit customers in autonomous mobility, industrial automation, datacenter infrastructure, and intelligent edge applications.