GlobalFoundries Announces Conference Call to Review Second Quarter 2024 Financial Results July 8, 2024 MALTA, N.Y., July 08, 2024 (GLOBE NEWSWIRE) — GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, August 6, 2024, at 8:30 a.m. ET following the release of the company’s second quarter 2024 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, August 6, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company’s financial results and a webcast of the conference call will be available on GlobalFoundries’ Investor Relations website at https://investors.gf.com. About GF GlobalFoundries (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. 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. For further information, please contact: [email protected]
GlobalFoundries Acquires Tagore Technology’s GaN Technology to Accelerate Disruptive Power Management Solutions July 1, 2024 Technology acquisition expands GF’s power management solutions and differentiated roadmap MALTA, N.Y., July 1, 2024 – GlobalFoundries (Nasdaq: GFS) (GF) today announced that it has acquired Tagore Technology’s proprietary and production proven Power Gallium Nitride (GaN) IP portfolio, a high-power density solution designed to push the boundaries of efficiency and performance in a wide range of power applications in automotive, internet of things (IoT) and artificial intelligence (AI) datacenter. As the digital world continues to evolve with technologies like Generative AI, GaN stands out as a pivotal solution for sustainable and efficient power management particularly in datacenters. Today’s announcement reinforces GF’s commitment to large-scale manufacturing of GaN technology that offers a suite of benefits to help datacenters meet the increasing power demands while maintaining or improving power efficiency, reducing costs and managing heat generation. The acquisition expands GF’s power IP portfolio and broadens access to market leading GaN IP that will enable GF customers to quickly bring differentiated products to market. As a part of the acquisition, a team of experienced engineers from Tagore, dedicated to the development of GaN technology, will be joining GF. “We are committed to being the foundation of our customers’ power applications today and for decades to come,” said Niels Anderskouv, chief business officer at GF. “With this acquisition, GF takes another step toward accelerating the availability of GaN and empowering our customers to build the next generation of power management solutions that will reshape the future of mobility, connectivity and intelligence.” “The accelerating demand for more power efficient semiconductors is dramatically increasing, and Tagore has been at the forefront of developing disruptive solutions using GaN technology for a wide range of power devices,” said Amitava Das, co-founder and chief operating officer of Tagore Technology. “The team and I are excited to join GlobalFoundries to increase our focus on market-leading IP that will help address power design challenges and support the continued evolution of automotive, industrial and AI datacenter power delivery systems.” In February 2024, GF was awarded $1.5 billion in direct funding under the U.S. CHIPS and Science Act, part of that investment is targeted towards enabling the high-volume manufacturing of critical technologies including GaN to securely produce more essential chips. Combining this manufacturing capacity with the technical know-how of the Tagore team, GF is set to transform AI system efficiency, especially in edge or IoT devices, where reduced power consumption is critical. “GlobalFoundries is at the forefront of technological advancements. With Tagore Technology joining the GF India team, we will further enhance our tech capabilities, particularly in emerging areas like GaN,” said Jitendra Chaddah, vice president and India country head at GF. “I welcome the Tagore team to GF, and I am excited about the work we will do as we continue to grow and strengthen our engineering capabilities together.”About Tagore Technology Inc.Tagore Technology was founded in January 2011 to pioneer Gallium Nitride-on-Silicon (GaN-on-Si) semiconductor technology for Radio Frequency (RF) and power management applications. We are a fabless semiconductor company with design centers in Arlington Heights, Illinois, USA, and Kolkata, India. Our R&D team is dedicated to developing disruptive solutions leveraging wide bandgap technologies that help address RF and power design challenges for our customers and accelerate time-to-market for a wide range of applications. For more information visit www.tagoretech.com. About GFGlobalFoundries (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development, and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. 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 InformationThis 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[email protected]+1-518-795-5240
GF Publishes 2024 Sustainability Report June 27, 2024 By Brian Raley Director of Corporate Environmental, Health, and Safety and Sustainability, GlobalFoundries It is my pleasure to announce GlobalFoundries (GF) has published its 2024 Sustainability Report. This comprehensive report is a testament to our company’s longstanding commitment to corporate responsibility and doing the right thing for our global team, our communities and the planet. The achievements highlighted in the 2024 Sustainability Report are the culmination of efforts from nearly every area of our business. Throughout its pages, you’ll read about a range of topics. From employee health and safety, to resource conservation and sustainable manufacturing. From fostering a secure and responsible supply chain, to the way we engage with our communities and other stakeholders, and so much more. Below are a few examples of stories and information you’ll find: GF’s new goal of achieving net zero greenhouse gas emissions by 2050 GF’s commitment to employee safety, achieving 2023 results that surpass our 2022 best-in-class performance. Chips made by GF are in the James Webb telescope and have traveled to Mars and beyond the moons of Jupiter to pioneer new discoveries. GF winning the “Equity 100 Award” from the Human Right’s Campaign for being a leader in LGBTQ+ workplace inclusion. The good we are doing in our communities, with GF and its employees collectively donating more than $1.3 million USD in 2023 to support 1,443 charities globally. Our four global manufacturing sites having earned the maximum score of 200, with zero finding, in their most recent Responsible Business Alliance audits. This work is in service to GF’s mission of innovating and partnering with customers to deliver solutions for humanity; our vision of changing the industry that is changing the world; and our living our values “Create, Embrace, Partner and Deliver” always with unyielding integrity. For many of us at GF, this work goes beyond our professional life and duties. This sentiment is reflected in the words Dr. Thomas Caulfield, president and CEO of GF, wrote in his introduction to the report: “This is a calling for us as companies, organizations and individuals to take responsibility and personal ownership of these important topics. We owe this to ourselves and future generations.” I invite you to read through GF’s 2024 Sustainability Report, learn more about the meaningful outcomes achieved by our talented team, and see how this work reflects our company’s ongoing commitment to doing the right thing. Brian Raley is the Director of Corporate Environmental, Health, and Safety and Sustainability at GlobalFoundries. Based in Malta, New York, Brian has been with GF since its founding in 2009. He has focused on sustainability efforts in the semiconductor industry for 29 years.
BAE Systems and GlobalFoundries Collaborate to Strengthen Supply of Essential Semiconductors for National Security Programs June 20, 2024 Collaboration to focus on U.S. chip manufacturing and joint research and development for advanced chip technologies MALTA, N.Y., June 20, 2024 — BAE Systems (LON: BA) and GlobalFoundries (Nasdaq: GFS) (GF) today announced a new collaboration to strengthen the supply of critical semiconductors for national security programs. Under the strategic agreement, the companies will align technology roadmaps and collaborate on long-term strategies for increasing U.S. semiconductor innovation and manufacturing, with the joint goal of advancing the ecosystem for domestic fabrication and packaging of secure chips and solutions for use in aerospace and defense systems. Together, the companies will engage in long-term planning for emerging technologies and collaborate on research and development in a range of areas, including advanced semiconductor packaging and integration, gallium nitride on silicon chips, silicon photonics and advanced technology process development. The new non-exclusive collaboration builds upon the longtime relationship between BAE Systems and GF, and further brings together BAE Systems’ expertise in microelectronics for critical defense systems with GF’s expertise as one of the world’s leading high-volume semiconductor manufacturers and the most advanced supplier of secure, essential chips to the U.S. Department of Defense (DoD). Both BAE Systems and GF were recently named as recipients of planned direct funding from the U.S. government as part of the CHIPS and Science Act. “Our leadership in microelectronics for critical defense systems is predicated on a reliable and secure supply chain and the availability of trusted, uncompromised semiconductors,” said Terry Crimmins, president of BAE Systems’ Electronic Systems sector. “This new collaboration with GlobalFoundries, with its expertise in secure chip manufacturing, is imperative for BAE Systems to advance the overmatch thresholds of technologies, stay ahead of the increasingly complex defense environment, and enable creative solutions to mitigate the growing challenges to both the integrity of microelectronics and their associated supply chains.” “GF is committed to strengthening the semiconductor supply chain for national security and innovating to meet the future needs of the aerospace and defense sector,” said Dr. Thomas Caulfield, president and CEO of GF. “We are proud to deepen our strategic relationship with BAE Systems, and further strengthen supply chain resiliency. Together, we will accelerate the research and development of a new generation of essential technologies and securely manufacture essential chips for a diverse range of critical defense applications.” A recent example of successful collaboration between the two companies, BAE Systems leveraged GF’s 12LP and 12S0 technology platforms for custom radiation-hardened by design semiconductor solutions for sensitive space applications. These highly differentiated U.S.-made chips enable electronic systems to withstand the harsh environment of space, while offering power efficiency, area benefits, and a robust design ecosystem to enable cost-efficient and quick-turn prototyping. These chips deliver the performance, reliability and yield of GF’s high-volume commercial sector offerings, tailored to the needs of the aerospace and defense industry by BAE Systems, and manufactured by GF with the right level of security – up to the DoD’s highest security level, Trusted Supplier Category 1A. GF’s U.S. manufacturing facilities have Trusted Foundry accreditation from the U.S. government to securely manufacture chips in partnership with the DoD Defense Microelectronics Activity (DMEA) for use in some of the nation’s sensitive national security and critical infrastructure systems on land, air, sea and in space. In 2023, the DoD awarded GF a new $3.1 billion, 10-year contract for a supply of securely manufactured, U.S.-made semiconductors for use across a wide range of critical aerospace and defense applications. The new contract was the third sequential 10-year contract of its kind between the DoD and the Trusted Foundry business team at GF. About BAE Systems BAE Systems, Inc. and its nearly 41,000 people are part of a global defense, aerospace, and security company with approximately 100,000 employees worldwide. We deliver products and services for air, land, sea, and space, as well as advanced electronics, intelligence, security, and IT solutions and support services. Our dedication shows in everything we design, produce and deliver— to protect those who protect us in a high-performance, innovative culture. We push the limits of possibility to provide a critical advantage to our customers where it counts. About GF GlobalFoundries (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development, and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. 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 Contacts: BAE Systems Paul Roberts [email protected] GlobalFoundries Michael Mullaney [email protected]
Bits in Space: Connecting the World with Satellite Technology June 18, 2024 Alexandros Margomenos, GlobalFoundries Director RF Product Management As recently as just a few decades ago, the idea of delivering broadband and cellular connectivity from space was a futuristic dream. Fast forward to today, and this dream is rapidly becoming a reality. Advances in satellite technology are revolutionizing global connectivity. These types of advancements are powered by essential innovations in semiconductor technology, like those we are pioneering here at GlobalFoundries, which are helping to bring high-speed communication to every corner of the globe, even the most remote areas. These innovations are essential for creating immersive user experiences and transforming industries. So, How Does It Work? You may be asking, what do all these satellites mean, and how does it impact me? Let’s break it down. There are two main types of satellites used for communication: Geosynchronous (GEO) and Low Earth Orbit (LEO) satellites. GEO Satellites: These orbit 36,000 km above the Earth and stay fixed over one spot. They can cover large areas with just a few satellites but have higher latency (delay) because of their distance. LEO Satellites: These orbit much closer to Earth, between 500 to 1,200 km. They provide lower latency (less delay) and faster internet speeds but require many more satellites to cover the globe because they move quickly across the sky. LEO satellites travel at nearly 25 times the speed of sound, enabling significantly lower latency (<20 milliseconds). Connecting the Dots: How Satellites Communicate Satellite networks include four types of communication links. In all cases, the downlink from the satellite is at a lower frequency compared to the uplink to optimize the power amplifiers on the satellite. User Link: Connects the satellite to your home or mobile device. This is how you receive data from the satellite. Feeder Link: Connects the satellite to ground stations (gateway terminals), linking the satellite network to the terrestrial internet. Telemetry, Tracking, and Command (TT&C) Link: Manages the satellite’s operations, ensuring they stay on course and function correctly. Intersatellite Links (ISL): Allow satellites to talk to each other, transferring data and coordinating handoffs as they orbit. Typically, user, feeder, and TT&C links use RF and millimeter-wave frequencies, while ISL links can utilize both millimeter-wave frequencies and optical communications. To put it simply, think of it as a relay race. The user link is like the baton passed from the satellite to your device. The feeder link is the baton passed from the satellite to the ground station, connecting you to the wider internet. The TT&C link ensures the satellites stay on course, much like a coach guiding the runners. Finally, ISLs are like runners passing the baton between each other to ensure seamless coverage as they orbit the Earth. The Evolution of Satellite Antennas Imagine those old satellite systems: giant, rigid dish antennas—like the ones you might see in old movies. These large dishes were excellent for sending focused signals but lacked flexibility. They could only point in one direction at a time and needed to be physically moved to change their focus. Today, the game has changed with the advent of phased array antennas. Instead of one big dish, think of these antennas as being made up of thousands of tiny elements, each capable of steering a part of the signal. These elements work together to create a powerful, flexible system that can direct beams electronically, without any moving parts. This technological leap means that modern satellites can connect to multiple places at once, seamlessly switching between different targets. It’s like having a spotlight that can instantly shine in any direction, or even multiple directions at once, without physically moving. Choosing the Right Technology Creating these advanced satellite systems requires selecting the right semiconductor technology. Key considerations include the type of beamforming (analog, digital, or hybrid), system design (placing amplifiers close to antennas vs. integrating them with beamformers) and achieving a low noise figure (NF) for better performance. Lower NF means fewer required elements, simplifying design and reducing costs, making the system more efficient overall. Powering the Future of Connectivity At GF, we offer a wide range of technologies supporting all the components necessary for creating any possible configuration of satellite communication phased arrays. Here are some of our key technologies: 130NSX: Perfect for ground terminals, offering excellent performance for smaller phased arrays. High-Performance SiGe: Efficient power amplifiers and low noise for high-volume manufacturing. 9SW and 45RFSOI: Advanced RF SOI technologies optimized for beamformers, ensuring high efficiency and low noise. 22FDX: Combines high-density logic and memory, ideal for digital beamformers and integrated systems. By leveraging these essential technologies, we are helping to create satellite systems that are more efficient, cost-effective, and capable of bringing high-speed connectivity to every corner of the globe. Significant progress has been made to expand access and adoption of broadband services. The number of internet users doubled between 2010 and 2020, reaching over 4 billion users worldwide. As we continue to innovate and develop these technologies, the dream of connecting the next 4 billion people is closer than ever.
GlobalFoundries Joins CHIPS Women in Construction Framework June 18, 2024 GF commits to framework of U.S. Commerce Secretary Gina Raimondo’s “Million Women in Construction” Initiative MALTA, N.Y., June 18, 2024 — GlobalFoundries announced today a commitment to the U.S. Department of Commerce’s CHIPS Women in Construction Framework, a set of five best practices intended to increase representation of women and economically disadvantaged individuals in the construction workforce. The Framework is part of U.S. Secretary of Commerce Gina Raimondo’s ongoing Million Women in Construction initiative that aims to expand the American construction workforce by doubling the number of women in construction over the next decade. GF Chief People Officer Pradheepa Raman announced the company’s commitment at the “CHIPS Women in Construction Roundtable” event at the White House. In voluntarily committing to the Framework, GF is agreeing to work with contractors, trade unions, and other community and workforce partners to implement best practices that will expand the construction workforce by increasing the participation of women and economically disadvantaged individuals. These recruitment and retention best practices will help support on-time and successful completion of CHIPS program-funded projects. “At GlobalFoundries, we celebrate our diversity and are steadfast in our commitment to shaping the future of the semiconductor industry. Every day, our talented team is pushing the boundaries of innovation to shape essential technologies that are making the world a better place,” Raman said. “We applaud the leadership of Secretary Raimondo in taking action to diversify our nation’s workforce. GlobalFoundries is proud to commit to the Department of Commerce’s CHIPS Women in Construction Framework. A more diverse construction workforce benefits all of us, strengthening our industry and our communities.” The five best practices GF is committing to adopt are: Set goals and monitor progress towards increasing the participation of women on CHIPS-funded construction projects. Build community partnerships with community organizations with a track record of increasing women and economically disadvantaged individuals’ exposure to and recruitment into the construction industry. Develop training pathways such as training investments, apprentice utilization goals, or apprentice readiness program partnerships that serve women and economically disadvantaged individuals. Provide access to supportive services such as child care or transportation that will increase retention of women and economically disadvantaged individuals in the workforce. Maintain healthy, safe, and respectful workplaces and prevent and address harassment, discrimination, retaliation, and violence through workplace training, policy and practice. In the coming months, GF will work with the CHIPS Program Office (CPO), the Department of Commerce, and collaborate with local partners, such as contractors, trades unions and community-based organizations to develop and implement activities carrying out the best practices. GF’s support of CHIPS Women in Construction framework is the company’s latest effort to support workplace diversity and build a critical talent pipeline for the current and future workforce. In May, GF announced a partnership with Micron Technology and the U.S. National Science Foundation to invest in workforce development at Minority Serving Institutions (MSI) to help meet the growing workforce needs of the U.S. semiconductor ecosystem and help develop the next generation of talent for the industry. In November 2023, the company announced a new student loan repayment program to help U.S.-based employees and eligible new recruits pay up to $28,500 in student loan debt, tax-free, to help ease the financial burden of higher education and training. GF also offers tuition reimbursement for employees pursuing undergraduate and graduate degrees, fully paid parental leave, employee fitness stipend to promote good health and childcare subsidy towards dependent care. GF’s first-of-its-kind apprenticeship program provides opportunities for individuals with no prior experience or training in the semiconductor industry, offering full-time paid positions and cost-free college courses to high school graduates. GF has established strategic partnerships nationwide with top universities and strong regional engagements with community colleges in New York and Vermont as well as access to worldwide talent through its global footprint to help build a diverse workforce and semiconductor talent pipeline. To help inspire younger children, GF has a robust STEM outreach program to engage with regional middle schools and high schools, including Early College High School and Career and Technical Education programs, to bring industry awareness and hands-on experiences to students. About GF GlobalFoundries (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development, and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. 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: Michael Mullaney [email protected]
SEMICON West June 8-11, 2024San Francisco, Moscone Center Monday, July 8 3:45pm PDTLocation: Julia Morgan Ballroom (15th Floor) Keynote and Expert TalksFireside Chat: Isabelle Ferain – VP Product Development Engineering, GlobalFoundries Tuesday, July 9 8:30am – 3:30pm PDTLocation: Keynote Stage, North Hall, Room 24 CEO Summit: Investing in America’s Manufacturing FutureFireside Chat: Dr. Thomas Caulfield, President and CEO, GlobalFoundries 1:00pm – 2:00pm PDTLocation: South Hall, Expo Floor, Smart Manufacturing Pavilion Stage CXO Panel: Can AI/Gen AI + Digital Twin Transform Semiconductor Manufacturing?Panelist: Pradip Singh, Chief Manufacturing Officer, GlobalFoundries Wednesday, July 10 2:20pm – 3:20pm PDTLocation: Keynote Stage, North Hall, Room 24 Beyond Tier Mapping – Creating a Robust and Resilient Supply Chain RiskPanelist: Roger Kao, Vice President, Global Supply Management, GlobalFoundries
GSA European Executive Forum June 18 & 19, 2024Munich, Germany Industry Outlook – Fireside Chat Moderator: Luc Van den hove, President and CEO, imec Participants: Kurt Sievers, President & CEO, NXP Dr. Thomas Caulfield, President & CEO, GlobalFoundries
