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Globalfoundries

All articles tagged with #globalfoundries

technology8 hours ago

Synopsys Sells Processor IP Unit to GlobalFoundries, Refocusing on Core IP

Synopsys has entered a definitive agreement to sell its Processor IP Solutions business to GlobalFoundries, including ARC-V (RISC-V), ARC CPU IP, DSP IP, Neural Network Processing Unit IP, and related tools such as ARC MetaWare Development Toolkits, along with ASIP Designer and ASIP Programmer tools. Synopsys will use the proceeds to sharpen its leadership in interface and foundation IP and pursue AI-driven opportunities from cloud to edge, while GF gains a broader processor IP portfolio and enhanced manufacturing capabilities. The transaction is not material to Synopsys and is expected to close in the second half of 2026, subject to regulatory approvals, with a transition plan in place to support customers during the move.

via Synopsys|
#ai#arc-v#globalfoundries
technology1 year ago

"GlobalFoundries Receives $1.5 Billion US Funding for Semiconductor Production Expansion"

GlobalFoundries has secured $1.5 billion in funding from the Biden administration to enhance semiconductor production in the US under the CHIPS Act. The funding will be used for building a new fabrication facility in New York, expanding an existing facility, and modernizing a plant in Vermont. These projects aim to increase semiconductor production for various industries, including automotive, aerospace, defense, and AI, and create jobs while improving domestic semiconductor supply chains.

via Engadget|
#biden-administration#chips-act#globalfoundries
technology1 year ago

"GlobalFoundries Receives $1.5B for US Chip Plants Amid Expansion Plans"

The Biden administration has awarded $1.5 billion to GlobalFoundries, the largest domestic semiconductor manufacturer, to build a new semiconductor production facility in New York and expand operations in Vermont. This grant, from the $52 billion CHIPS Act, is aimed at bolstering domestic production of semiconductors to hedge against China's influence. The funding is expected to generate $12.5 billion in overall potential investment, create 1,500 manufacturing jobs, and 9,000 construction jobs over the next decade. Additionally, GlobalFoundries plans to use the funding to construct a new advanced chip factory, increase production at existing plants, and revitalize its plant in Vermont.

via New York Post |
#biden-administration#chips-act#globalfoundries
technology1 year ago

"Biden Administration Allocates $1.5 Billion for GlobalFoundries Chip Plant Expansion"

The Biden administration will provide $1.5 billion to aid in the construction of a new computer-chip factory in New York as part of the Chips and Science Act, aiming to bolster U.S. semiconductor production. The grant will assist GlobalFoundries in building a large-scale fabrication facility and upgrading existing plants, addressing concerns over the nation's reliance on foreign chip manufacturers. The move comes amid global chip shortages and heightened competition, with the U.S. seeking to regain leadership in semiconductor manufacturing and secure its supply chain for critical electronics.

via The Washington Post|
#biden-administration#chip-shortage#globalfoundries
economy1 year ago

"U.S. Allocates Billions to GlobalFoundries for Domestic Chip Production"

The Biden administration has awarded a $1.5 billion grant to chipmaker GlobalFoundries as part of a government program aimed at revitalizing semiconductor manufacturing in the United States. An additional $1.6 billion in federal loans will also be made available to bolster the company, with the funding expected to triple its production capacity in New York over the next decade. This move reflects efforts to reduce America's reliance on foreign sources of chips and address supply chain vulnerabilities, particularly in the auto and defense industries.

via The New York Times|
#biden-administration#chip-production#economy
businesstechnology1 year ago

"GlobalFoundries Secures Billions in U.S. Subsidies for Chip Plant Expansion"

GlobalFoundries is set to receive $3.1 billion in federal grants and loans to expand its computer chip plant in Upstate New York and modernize a factory in Vermont. The subsidies, the largest awarded under the CHIPS Act, will support the company's $12.5 billion investment and create up to 1,500 manufacturing jobs and 9,000 construction jobs over the next decade. The expansion aims to address chip shortages and bolster national security by producing high-value chips not currently made in the United States. This deal sets a precedent for similar negotiations with other semiconductor companies, including Micron Technology, and aligns with efforts to establish Upstate New York as a global hub for semiconductor manufacturing.

via syracuse.com|
#businesstechnology#chips-act#globalfoundries
business2 years ago

GlobalFoundries Surpasses Earnings Expectations, Boosting Confidence in Chip Market

Contract chipmaker GlobalFoundries has projected fourth-quarter profit above analysts' estimates, indicating a potential easing of the supply glut in the semiconductor industry. The company's shares rose after its July-September quarter earnings beat expectations. This positive forecast aligns with recent signals of a recovery in the industry, as customers rebuild inventory after clearing excess stock caused by a post-pandemic demand drop. GlobalFoundries' CEO stated that they are collaborating with customers to support their efforts to reduce inventory levels. The company expects adjusted profit per share to be in the range of 53 cents to 64 cents in the next three months, surpassing estimates.

via Reuters|
#business#chip-market#globalfoundries
technology2 years ago

GlobalFoundries: The Vital Role of the Third-Biggest Semiconductor Foundry in the U.S.

GlobalFoundries, the world's third-largest chip foundry, is positioning itself to remain competitive in the semiconductor industry by focusing on manufacturing "essential" chips for everyday devices rather than leading-edge chips. The company's chips are found in a wide range of products, from smartphones and cars to smart speakers and AI servers. As tensions with China raise concerns over the world's reliance on Taiwan Semiconductor Manufacturing Company (TSMC), GlobalFoundries finds itself well-positioned outside the geopolitical crosshairs. The company has invested billions to expand production in various locations, including Singapore, Germany, France, and upstate New York. With a focus on older nodes and essential chips, GlobalFoundries aims to stay ahead of the competition and capitalize on the growing AI market.

via CNBC|
#ai#chip-manufacturing#globalfoundries
defense2 years ago

Lockheed Martin and GlobalFoundries join forces for secure chip production.

Lockheed Martin has partnered with New York-based semiconductor manufacturer GlobalFoundries to produce chips critical to national security systems. The partnership will give GlobalFoundries an edge when applying for grants through the Chips Act, which sets aside $2 billion in grants specifically for microelectronics in defense systems. The Pentagon already awarded GlobalFoundries $117 million in Defense Production Act funding last year to produce 45-nanometer semiconductors in New York. The subsidies and tax incentives for microelectronics companies in the Chips Act are largely geared toward onshoring semiconductor production amid concerns China could disrupt the global supply chain.

via Defense News|
#chips-act#defense#globalfoundries
technology2 years ago

GlobalFoundries and Lockheed Martin team up for secure defense chip supply.

GlobalFoundries and Lockheed Martin have partnered to secure domestic semiconductor supply for defense systems, leveraging GlobalFoundries' technology to increase anti-fragility in microelectronics systems and supply chains. The collaboration supports the US government's CHIPS and Science Act, which seeks to bring semiconductor manufacturing back to the United States. The companies will also work to develop a chiplet ecosystem, which stacks and stitches multiple chips together for rapid and affordable production.

via Reuters|
#defense#globalfoundries#lockheed-martin