GlobalFoundries Reports First Quarter 2022 Financial Results

May 10, 2022

Revenue up 37% year-over-year, Record Gross Margin and Net Income

MALTA, N.Y., May 10, 2022 (GLOBE NEWSWIRE) — GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the first quarter ended March 31, 2022.

Key First Quarter Financial Highlights

Record revenue of $1.94 billion, up 37% year-over-year.
Record gross margin of 24.2% and adjusted gross margin of 25.3%.
Record operating margin of 11.6% and adjusted operating margin of 14.4%.
Record net income of $178 million and adjusted net income of $232 million.
Record adjusted EBITDA margin of 36.0%.
Cash and cash equivalents of $3.26 billion.

“In the first quarter the GF team delivered on its commitments to customers and shareholders,” said GF CEO Dr. Thomas Caulfield. “We grew revenue 37% year-over-year, delivered record profitability and made significant progress towards our long-term financial model. Despite global supply chain challenges, the GF team continues to execute to plan, and we remain on track to deliver a strong year of growth and profitability.”

Recent Business Highlights:

GF announced GF Fotonix™, its next-generation silicon photonics platform. GF is collaborating with industry leaders including Broadcom, Cisco Systems, Inc, Marvell and NVIDIA, along with breakthrough photonic leaders including Ayar Labs, Lightmatter, PsiQuantum, Ranovus and Xanadu, to deliver innovative, unique, feature-rich solutions to solve some of the biggest challenges facing data centers today.
GF announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR”), for Onsemi’s proposed acquisition of GF’s East Fishkill, NY site and fabrication facilities announced in 2019. The expiration of the HSR waiting period satisfies all of the necessary regulatory requirements and the transaction is on track to close at the end of 2022 as planned.
GF announced the appointment of Bobby Yerramilli-Rao as an independent director of the company’s board of directors. Dr. Yerramilli-Rao is currently chief strategy officer and corporate vice president at Microsoft, where he is responsible for developing and driving growth-oriented strategies.
As part of GF’s celebration of Women’s History Month and International Women’s Day, GF hosted its 3rd GlobalWomen conference, celebrating the vital role of women in technology.

Unaudited Summary Quarterly Results (in millions USD, except per share amounts and wafer shipments)¹

¹Adjusted gross profit, adjusted operating profit (loss), adjusted net income (loss), adjusted diluted EPS, and adjusted EBITDA are adjusted non-IFRS metrics; please see the reconciliation of IFRS to adjusted non-IFRS metrics in the section “Unaudited Reconciliation of IFRS to Adjusted non-IFRS” below.

Summary of Second Quarter 2022 Outlook (unaudited, in millions USD except per share amounts)¹

¹The guidance provided above contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995, and is subject to the safe harbors created therein. The guidance includes management’s beliefs and assumptions and is based on information currently available. GF has not provided a reconciliation of its Second Fiscal Quarter outlook for adjusted Non-IFRS EBITDA and related Margin because estimates of all of the reconciling items cannot be provided without unreasonable efforts. Certain factors that are materially significant to GF’s ability to estimate these items cannot be reasonably predicted.

Unaudited Consolidated Statements of Operations

Unaudited Consolidated Statements of Financial Position

¹Audited annual statement of consolidated financial position
²Unaudited interim statement of consolidated financial position

Unaudited Consolidated Statements of Cash Flows

Unaudited Reconciliation of IFRS to Adjusted Non-IFRS

Unaudited Reconciliation of Net Income (Loss) to Adjusted EBITDA

Adjusted Financial Measures (Non-IFRS)

In addition to the financial information presented in accordance with IFRS, this press release includes the following adjusted non-IFRS metrics: adjusted gross profit (loss), adjusted operating profit (loss), adjusted net income (loss), adjusted diluted EPS and adjusted EBITDA. We define adjusted gross profit (loss) as gross profit (loss) adjusted for share-based compensation expense. We define adjusted operating profit (loss) as profit (loss) from operations adjusted for share-based compensation expense. We define adjusted net income (loss) as net income (loss) adjusted for share-based compensation expense. We define adjusted diluted EPS as adjusted net income (loss) divided by the dilutive shares. We define adjusted EBITDA as net income (loss), excluding the impact of finance expense, income tax expense, depreciation, amortization, share-based compensation expense, transaction gains and associated expenses, restructuring charges and litigation settlements.

We believe that in addition to our results determined in accordance with IFRS, these adjusted non-IFRS measures provide useful information to both management and investors in measuring our financial performance and highlight trends in our business that may not otherwise be apparent when relying solely on IFRS measures. These adjusted non-IFRS financial measures provide supplemental information regarding our operating performance that excludes certain gains, losses and non-cash charges that occur relatively infrequently and/or that we consider to be unrelated to our core operations. For further information regarding these non-IFRS measures, please refer to “Unaudited Reconciliation of IFRS to Adjusted Non-IFRS” table above.

Adjusted non-IFRS financial information is presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for financial information presented in accordance with IFRS. Our presentation of adjusted non-IFRS measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Other companies in our industry may calculate these measures differently, which may limit their usefulness as a comparative measure.

Conference Call and Webcast Information

GF will host a conference call with the financial community on Tuesday, May 10, 2022 at 4:30 p.m. U.S. Eastern Time (ET) to review the First Quarter 2022 results in detail. Interested parties may join the scheduled conference call by dialing the following numbers:

Within the U.S.:                 1-877-788-0411
Outside the U.S.:                 1-615-489-8522
Participant Passcode:         8265345

The call will be webcast and can be accessed from the GF Investor Relations website https://investors.gf.com. A replay of the call will be available on the GF Investor Relations website within 24 hours of the actual call.

About GlobalFoundries

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.

Forward-looking Statements

This press release includes “forward-looking statements” that reflect our current expectations and views of future events. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding our financial outlook, future guidance, product development, business strategy and plans, and market trends, opportunities and positioning. These statements are based on current expectations, assumptions, estimates, forecasts, projections and limited information available at the time they are made. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” “outlook,” “on track,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a broad variety of risks and uncertainties, both known and unknown. Any inaccuracy in our assumptions and estimates could affect the realization of the expectations or forecasts in these forward-looking statements. For example, our business could be impacted by the COVID-19 pandemic and supply chain disruptions due to the Russia/Ukraine conflict and actions taken in response to such events; the market for our products may develop more slowly than expected or than it has in the past; our operating results may fluctuate more than expected; there may be significant fluctuations in our results of operations and cash flows related to our revenue recognition or otherwise; a network or data security incident that allows unauthorized access to our network or data or our customers’ data could damage our reputation; we could experience interruptions or performance problems associated with our technology, including a service outage; and global economic conditions could deteriorate. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Moreover, we operate in a competitive and rapidly changing market, and new risks may emerge from time to time. You should not rely upon forward-looking statements as predictions of future events. These statements are based on our historical performance and on our current plans, estimates and projections in light of information currently available to us, and therefore you should not place undue reliance on them.

Although we believe that the expectations reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Moreover, neither we, nor any other person, assumes responsibility for the accuracy and completeness of these statements. Recipients are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-looking statements as a result of new information, subsequent events, or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events. For a discussion of potential risks and uncertainties, please refer to the risk factors and cautionary statements in our 2021 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission. Copies of our SEC filings are available on our Investor Relations website, investors.gf.com, or from the SEC website, www.sec.gov.

For further information, please contact:

Investor Relations
[email protected]

U.S. Department of Defense and GlobalFoundries Partner to Secure Supply of Chips Critical to National Security Systems

May 2, 2022

Public-private partnership provides strategic supply of U.S.-made and secure semiconductors for the nation’s most sensitive defense and aerospace applications, boosts supply of feature-rich chips for critical infrastructure commercial applications

MALTA, N.Y., May 2, 2022 – GlobalFoundries Inc. (Nasdaq: GFS) (GF), a global leader in feature-rich semiconductor manufacturing, today announced a $117 million agreement with the U.S. Department of Defense (DoD) to provide a strategic supply of U.S.-made semiconductors that are critical to national security systems. Securely manufactured at GF’s most advanced semiconductor manufacturing facility, Fab 8 in Malta, New York, the chips will be used in some of the nation’s most sensitive defense and aerospace applications.

Building upon the longstanding partnership between the DoD and GF, the new agreement provides the DoD with a supply of semiconductor chips manufactured on GF’s differentiated 45nm SOI platform. Under the agreement, the manufacturing of these chips will be transferred to GF’s Fab 8 from GF’s Fab 10 in East Fishkill, New York. In addition to providing continuity of supply for the DoD, this technology transfer to Fab 8 will enable GF to continue offering its 45nm SOI platform to commercial customers after GF’s Fab 10 transitions to ON Semiconductor as previously announced in April 2019.

“GF is proud to be a longtime supplier to the U.S. Government, and we remain deeply committed to meeting the semiconductor technology needs of the Department of Defense, as well as the technologies so critical to our national security,” said GF CEO Tom Caulfield. “The strong public-private partnership demonstrated with this new supply and tech transfer agreement is an excellent example of the impact federal collaboration and investment in semiconductor manufacturing can have on strengthening domestic supply chains. Our partnership boosts the national economy, while also securing a strategic and reliable supply of chips needed by the U.S. government for aerospace, defense, and other mission-critical applications.”

In a supportive statement, the DoD said: “This agreement with GlobalFoundries will strengthen the domestic microelectronics industrial base, as part of the nation’s effort to sustain its semiconductor manufacturing capability necessary for national and economic security. Our agreement will ensure access to 45nm SOI semiconductors critical to DoD strategic systems, and is the latest collaboration in the longstanding partnership between the DoD and GF to provide silicon-based semiconductors for defense aerospace applications.”

Under the agreement, the DoD awarded $117 million to GF. The first chips from the agreement are targeted to begin delivery in 2023.

GF employs nearly 3,000 people at Fab 8 and has invested more than $15 billion in the facility. GF’s Fab 8 is in compliance with both U.S. International Traffic in Arms Regulations (ITAR) and highly restrictive Export Control Classification Numbers under the Export Administration Regulations (EAR). GF is working with the U.S. government to secure classified status for Fab 8.

GF’s experience with ITAR and EAR regulations, in addition to the secure manufacturing being done at Fab 8 and the classified manufacturing taking place at Fab 9 in Vermont and Fab 10, are key to the GF Shield Program and GF’s embracing its role as the nation’s most secure and trusted semiconductor manufacturer. The GF Shield program extends to GF commercial customers across all sectors a level of key safeguarding and protection principles modeled on those GF uses to manufacture semiconductors for government entities.

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.

Media Contact:

Michael Mullaney
GlobalFoundries
+1-518-419-2199
[email protected]

GlobalFoundries Announces Expiration of the Hart-Scott-Rodino Waiting Period for Transfer of Ownership of East Fishkill, NY Facility to onsemi

April 22, 2022

MALTA, N.Y., April 22, 2022 – GlobalFoundries Inc. (Nasdaq: GFS) (GF) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR”), for onsemi’s proposed acquisition of GF’s East Fishkill, NY site and fabrication facilities announced in 2019.

The expiration of the HSR waiting period satisfies all of the necessary regulatory requirements and the transaction is on track to close at the end of 2022 as planned.

The three-year transition period has enabled GF to further optimize its assets globally as it intensified investments in the differentiated technologies that are fueling the company’s growth while securing a long-term future for the East Fishkill facility and its employees.

About GF

Contact:

Laurie Kelly
GlobalFoundries
(518) 305 1399
[email protected]

Investor Relations

[email protected]

GF Surpasses Key Greenhouse Gas Reduction and Water Conservation Goals

April 22, 2022

By Candice Callahan
Principal Member of the Technical Staff for EHS and CSR, GlobalFoundries

From our energy-efficient fabs to stringent emission controls, GlobalFoundries (GF) has a long history of environmentally responsible manufacturing and operations. We recognize climate change is an unprecedented global challenge, and we are committed to sustainability and minimizing our impact on the environment.

The theme of Earth Day 2022 is “Invest in Our Planet.” It is in this spirit we would like to share some very positive updates around two key environmental topics for GF: the reduction of greenhouse gas (GHG) emission and water conservation. The success stories below clearly show how GF’s sustainability efforts and investments are making a positive impact.

Thank you and congratulations to the many members of the global GF team who made these successes possible!

Reducing Greenhouse Gas Emissions

At the end of 2021, GF completed its three-year resource conservation goal aimed at achieving savings in annual GHG emissions by 11,900 metric tons of carbon equivalents (MTCE). To put that in perspective, 11,900 MTCE is roughly equivalent to the annual GHG emissions from 5,000 U.S. homes each year, or the GHG emissions from a large jetliner circling the globe about 4,000 times.

Thanks to our global teams’ successful execution on multiple GHG reduction and avoidance projects, GF was able to far exceed the original target, achieving over 4 times our goal and decreasing our normalized GHG emissions by 19%.

Below are a few of the GHG reduction projects completed in 2021 that contributed to GF’s success:

Fab 9 in Essex Junction, Vermont, completed projects optimizing the use of specific gases in multiple manufacturing tools, and installed several new point-of-use (POU) abatement units. These POU installations are part of a multi-year project at Fab 9 to reduce GHG emissions.
Fab 10 in East Fishkill, New York, completed multiple electricity conservation projects and avoided GHG emissions through a robust, proactive point-of-use chiller leak detection and repair program.
Fab 7 and GIGA Fab in Singapore completed several projects in 2021 to reduce GHG emissions, including new chamber cleaning processes and optimized gas flows on specific tools.

In 2022 we are looking at many new ways to build upon this momentum and continue along the path to GF’s Journey to Zero Carbon goal of reducing total GHG emissions by 25% from 2020 to 2030.

Water Conservation

At the end of 2021, GF completed its three-year resource conservation goal aimed at conserving 340,000 m³ (90 million gallons) of water annually. Again, to put that in perspective, it’s an amount of water roughly equivalent to 136 Olympic-sized swimming pools.

GF was able to far exceed the original target, achieving over 4 times our goal and decreasing our normalized water use by nearly 23%. In addition, absolute water withdrawal in 2021 slightly decreased as compared to 2020, even though GF as a company significantly increased production during that same time period.

Below are a few of the water conservation projects completed in 2021 that contributed to GF surpassing its goals:

Fab 7 and GIGA Fab in Singapore completed a major water reclamation project resulting in significant water savings as well as demonstrating the feasibility of further water reclamation for other fabs. The project conserves water by reclaiming, treating, and reusing wastewater from several different Fab processes.
Fab 1 in Dresden, Germany, increased the recycling rate of the ultrapure water recycling plants by 25%, leading to significant annual savings in water withdrawal and reduced wastewater generation.
Fab 8 in Malta, New York, installed and optimized a reverse osmosis (RO) treatment system that both allowed for more efficient treatment of site wastewater, and allowed for the cleaned water to be reused in facilities systems.

We will go into further detail on these and many other sustainability and conservation projects in GF’s forthcoming 2022 Corporate Social Responsibility report, to be published in June.

In the meantime, click here to learn more about corporate responsibility and ESG at GF.

Celebrating the Power of Giving at GF

April 19, 2022

By Olivia Pozder

GlobalFoundries (GF) strongly believes in the power of philanthropy and is proud of its history of community involvement on the global and local level. GF’s giving program, GlobalGives, is a truly global program that provides our company and our employees an opportunity to pursue philanthropic causes. GlobalGives exemplifies what is at the heart of GF’s philanthropic commitment – our employees and the desire they have to enable a positive social impact. Support for employees’ passions is a key characteristic of GF’s philanthropic programs and efforts.

“I am most proud of the response GlobalGives gets from our employees,” said Mike Cadigan, Senior Vice President of Customer Design Enablement at GF and executive sponsor of GlobalGives. “It is very rewarding to see the deep employee engagement in supporting these initiatives and the overall level of caring across the company.”

What is GlobalGives?

Companywide efforts to give back are driven by employees’ desires to contribute to the local communities in which GF operates. This strong culture of philanthropic giving paved the way for the creation of the GlobalGives program in October 2016. At its launch, the GlobalGives program served as a way for GF to quickly respond to disasters around the globe and enabled employees to donate to causes about which they were passionate.

It did not take long to see how this new program would be an asset to company giving. A week after launch, GF leveraged the newly established program to quickly respond to Hurricane Matthew and provide relief to those in need. In addition to the $5,000 corporate seed donation, GF employees raised $21,513 to help victims in the wake of the destruction. The success of this initial campaign illustrated early on that our employee dedication and enthusiasm would guide us toward the GlobalGives program we have today!

Kim Shinmoto

Kim Shinmoto, Director of Employee Communications at GF, leads the GlobalGives team and has seen how the employee passion that fueled the program launch six years ago continues to thrive today. “Starting as a grassroots program by a few employees, the feature offering and employee participation continues to grow year over year. It’s truly an honor to drive a program that is so deeply rooted in the hearts and minds of the GF community,” she said.

GlobalGives and GF’s Role in the Community

Mike Cadigan

Cadigan and Shinmoto agree that GF has a responsibility to be a good neighbor and good corporate citizen, including leading by example and enabling a culture of giving. “We take our role in the community very seriously, serving the needs of our employees, their families, and neighbors the best we can,” Shinmoto said. “It’s one important way we can show appreciation and respect to the communities in which GF has a presence.”

Mike Cadigan echoed this sentiment, adding that the imperative for community involvement stems from the role that GF plays as a major employer in those areas. “It’s important to our employees, so it’s important to the company too,” he said. “GF is proud of its employees and surrounding communities, and strives to show appreciation by supporting our neighbors.”

By enabling a culture of giving, GF encourages employees to take an active role in their communities and continually looks for opportunities to further support employee enthusiasm for giving. Cadigan said he believes that creating a giving culture includes seeking new ways to encourage involvement and make the program more inclusive. He sees it as one aspect of GF’s responsibility to its employees. “We have a responsibility to our employees to provide them with the things they need to succeed at work as well as to support the giving culture that they desire,” he said.

COVID-19 Relief

In January 2020, GF expanded its GlobalGives program, investing in an employee matching program to further support employee community efforts worldwide. Little did GF realize the vital role the new program feature would play in helping communities across the globe respond to the COVID-19 pandemic that was soon to follow. GF’s response to COVID-19 made clear the GlobalGives program’s ability to implement a coordinated, global response at the local level. Since the effects of COVID-19 were felt differently across communities, GF’s localized relief strategy ensured that company efforts delivered the largest possible impact based on regional needs.

With the financial support of GF and a special 200% matching campaign, each global GF site determined the best way to support their community during this time of incredible uncertainty, focusing specifically on food insecurity, humanitarian needs, health, education, and community development. By the end of 2020, GF and its employees had collectively donated $2.2M in relief through the GlobalGives program. GF also allocated its reserves of personal protective equipment (PPE), including masks, to an employee-directed donation program to meet the needs of healthcare workers and first-responders in the region. In total, GF enabled employees to donate over 80,000 masks to at-risk people in their communities.

Encompassing More Through Inclusivity and Employee Connection

GlobalGives grew from employee demand, focusing on causes that were important to GF team members, and the program has evolved to continue driving this sense of inclusivity. To further embrace what it means to “give,” GF this year launched volunteer matching for those who want to give their time to the causes they are passionate about. As anticipated, employee response has been extremely strong.

“Volunteer matching is a way for us to make GlobalGives even more inclusive by creating opportunities to recognize employee giving, whether individuals choose to donate money or their time,” Shinmoto said. The value placed on employee feedback supports connection and inclusivity. “Employees see GlobalGives as their program, which it really is,” Cadigan said. “Employees are excited to share what they care about, and to make suggestions of what causes and giving efforts that GlobalGives should help support. They also share ideas for how GlobalGives as a program can continue to improve. We encourage those suggestions, respond to them, have dialog around them, and quickly move to enable. This approach enables the agility of GlobalGives by providing a local focus and regional perspective on global causes and issues.

Shinmoto agreed that the connection with employees and focus on inclusivity are key to the program’s success. “Many GlobalGives campaigns originate from an employee request or are shaped by their inputs and feedback,” she said. “Their perspectives help inform the campaigns we launch, the regions we support, the causes we select, and the program features we offer.”

A Growing Program

GF’s inclusive culture has helped shape the causes GlobalGives pursues. As a semiconductor company, one of GlobalGives’ early areas of focus included supporting science, technology, engineering and mathematics (STEM) programs. STEM remains a priority for GF today – the STEM@GF educational outreach program continues to grow in scope and size – however, GlobalGives has increasingly focused on a wider and more inclusive range of causes, including greater alignment with GF’s diversity, equity, and inclusion (DE&I) efforts. In 2021, GlobalGives started working closely with GF employee-led Employee Resource Groups (ERGs) to support causes and initiatives chosen by the ERGs. Through this partnership, ERGs have been able to leverage the GlobalGives platform in support of causes important to each group, and GlobalGives has been able to further its goal of providing a structure for GF and employees to make an impact through philanthropy.

ONEGF

GlobalGives is defined and shaped by its grassroots origins, growing participation, employee enthusiasm, and the ability to deliver on both a global and local level. Underlying all of this, Shinmoto said, is another characteristic that makes the program unique. “GlobalGives is truly global in nature, connecting employees across the world to something bigger and to each other,” she said. “It’s incredible what we can accomplish working together as ONEGF.”

GF is proud of how the GlobalGives program has grown and of the employees whose commitment and passion have made it what it is today. GF is excited to see how the GlobalGives platform will continue to grow and provide more opportunities for employees to give back. Click here to learn more about GlobalGives and the causes it supports.

领先半导体企业携手为汽车、物联网和移动应用制定下一代FD-SOI技术路线图

April 8, 2022

CEA、Soitec、格芯®（GF®）和STMicroelectronics携手合作，共同制定技术和生态系统路线图

巴黎（法国）、法国贝宁（格勒诺布尔）、马耳他（纽约）、日内瓦（瑞士），2022年4月8日 – CEA、Soitec、格芯(GF)和STMicroelectronics宣布开展新的合作，共同制定行业的下一代FD-SOI（全耗尽绝缘体）技术路线图。对于法国和欧盟及至全球的客户，半导体和FD-SOI技术创新都具有战略价值。FD-SOI为设计人员和客户系统提供了巨大的优势，包括降低功耗，更简易集成连接和安全等其他功能，这是汽车、物联网和移动应用的一大关键特性。

CEA主席François Jacq表示：“20多年来，CEA一直是Grenoble-Crolles生态系统中的FD-SOI技术先驱。CEA还与STMicroelectronics和格芯(GF)有着悠久的深入研发合作历史，一直积极参与由欧盟委员会和成员国主导的计划，旨在构建完整的FD-SOI生态系统，从材料供应商、设计公司、EDA工具供应商、无晶圆厂公司和最终用户。CEA力争把握这一次机遇，为新一代FD-SOI技术做好准备，提供更高的性能、更低的功耗和更低的成本，满足汽车、物联网、5G/6G和工业4.0等欧洲主要市场的需求。”

Soitec首席执行官Paul Boudre表示：“FD-SOI是我们满足动态市场需求的关键技术，也是我们行业和客户的重要增长动力。我们今天非常荣幸地宣布建立FD-SOI联盟，该联盟在Soitec推动衬底技术创新的基础之上建立，旨在帮助推出新一代半导体产品，服务于众多不同市场，包括连接、汽车、物联网和人工智能。我们与合作伙伴和盟友携手合作，期望确立我们的技术领先地位，继续推动全球微电子领域的创新。此次合作也说明了我们如何与客户开展密切合作，从而推动技术进步，满足客户的未来需求，帮助客户快速将产品投放市场。”

格芯(GF)首席执行官Tom Caulfield表示：“我们期待在整个半导体价值链上，深化与法国和欧洲领先的行业内的合作伙伴关系，特别是基于FDSOI共同构建高度差异化的解决方案，应对需要低功耗、连接和安全性的芯片的快速增长，这些芯片将应用于汽车、物联网和智能移动设备领域。充满活力的欧洲半导体生态系统对我们非常重要，作为我们全球增长战略的一部分，我们将继续投资以扩大我们在欧盟的影响力。”

ST总裁兼首席执行官Jean-Marc Chery表示：“ST是FD-SOI技术领域的早期创新者，已经投入生产多年，为广泛的终端市场提供定制和标准先进产品。具体而言，除了发展无人驾驶技术外，

FD-SOI技术还支持汽车行业向全数字化和软件定义架构迁移。我们期待与下一代FD-SOI技术的其他权威专家合作，让我们的客户能够克服迁移到完全数字化时所面临的挑战，帮助他们实现减排目标。”

关于CEA

CEA在以下四个主要领域的研发和创新方面发挥了关键作用：能源转型、数字转型、未来医药技术、国防安全。

根据Clarivate 2022排名，在法国和欧洲申请的专利数量方面，CEA跻身全球创新百强之列。我们帮助所有行业的企业提升竞争力，打造不同凡响的高性能产品，以及开发引领社会变革的开创性解决方案。我们在法国各地采用这种动态方法，协助本地合作伙伴开展创新，从而帮助他们在法国创造可持续的价值并带来就业岗位，并量身定制以满足实际工业需求。除此之外，CEA不仅为222家初创企业提供启动资金，还将我们在实验室开发的颠覆性技术和专业知识转让给行业。如需了解更多信息，请访问：www.cea.fr

联系人：

Tuline Laeser
+33 6 12 04 40 22
[email protected]

关于Soitec

Soitec（泛欧交易所，法国巴黎Tech 40指数成分股）是全球领先的创新半导体材料制造企业。该公司利用其独特的技术，为电子产品市场提供服务。Soitec在全球拥有超过3,500项专利，其战略是以颠覆性创新，满足客户对高性能、高能效和成本竞争力的需求。Soitec在欧洲、美国和亚洲设有制造厂、研发中心和办事处。Soitec一如既往地追求可持续发展，在2021年，该公司确立了其企业宗旨：“我们提供创新土壤，让高能效的智能电子产品转变为令人惊叹的可持续生活体验。”

Soitec、SmartSiC™和SmartCut™是Soitec的注册商标。

如需了解更多信息，请访问www.soitec.com并在Twitter上关注：@Soitec_EN

联系人：

媒体：

Markus Payer
+352 621 968 002
[email protected]

投资者：

[email protected]

关于GF

GlobalFoundries®（GF®）是世界领先的半导体制造商之一。通过开发和提供功能丰富的工艺技术解决方案，GF正在重新定义创新和半导体制造，在普遍存在的高增长市场提供领先的性能。GF提供独特的设计、开发和制造服务组合。GF拥有一支才华横溢的多元化员工队伍，其规模化的生产基地遍布美国、欧洲和亚洲，是全球客户信赖的技术来源。欲了解更多信息，请访问www.gf.com。

联系：

Erica McGill
GlobalFoundries
(518) 795-5240
[email protected]

关于STMicroelectronics

ST拥有48,000名精通半导体技术的员工，掌控半导体供应链，建立了先进的制造设施。作为一家独立的半导体器件制造商，我们与超过200,000个客户和数千个合作伙伴开展合作，共同构建产品、解决方案和生态系统，帮助他们应

对挑战和把握机遇，满足打造更可持续发展的世界的需求。我们的技术可以实现更智能的交通运输、更高效的能源管理，以及物联网和5G技术的广泛部署。ST承诺到2027年实现碳中和。有关Imec的更多信息，请访问：www.st.com。

有关详细信息，请联系：

投资者关系:

Céline Berthier
投资者关系部集团副总裁电话：+41.22.929.58.12
[email protected]

媒体关系：

Alexis Breton
企业外部传播电话：+ 33.6.59.16.79.08
[email protected]

Leading Semiconductor Players to Advance Next Generation FD-SOI Roadmap for Automotive, IoT and Mobile Applications

April 8, 2022

CEA, Soitec, GlobalFoundries and STMicroelectronics working together to define technology and ecosystem roadmap

PARIS, France, BERNIN, Grenoble, MALTA, N.Y., GENEVA, Switzerland, April 8, 2022 – CEA, Soitec, GlobalFoundries and STMicroelectronics have announced a new collaboration in which they intend to jointly define the industry’s next generation roadmap for FD-SOI (fully depleted silicon-on-insulator) technology. Semiconductors and FD-SOI innovation are of strategic value to France and the EU as well as to customers globally. FD-SOI offers substantial benefits for designers and customer systems including lower power consumption as well as easier integration of additional features such as connectivity and security, a key feature for automotive, IoT and mobile applications.

“CEA has been, for over 20 years, a pioneer of the FD-SOI technology, within the Grenoble-Crolles ecosystem. CEA has also a long history of deep R&D cooperation with both STMicroelectronics and GlobalFoundries and has been very active in the initiatives led by the European Commission and Member States aiming to set up a complete ecosystem for FD-SOI going from material suppliers, design houses, EDA tools providers, fabless companies and end users”, said François Jacq, CEA Chairman. “CEA is highly motivated by this opportunity to prepare a new generation of FD-SOI technology providing higher performance, lower power consumption and lower costs to address the needs of major European markets such as automotive, IoT, 5G/6G and manufacturing 4.0.”

“FD-SOI is a key technology for the dynamic markets we address and an important growth driver for our industry and our customers,” said Paul Boudre, CEO of Soitec. “The FD-SOI alliance that we are pleased to announce today is built on Soitec’s capacity to drive innovation in substrates and help launch a new generation of semiconductors serving a large variety of markets including connectivity, automotive, Internet of Things and Artificial Intelligence. Together with our partners and allies, we want to confirm our technological leadership and continue to drive innovation in global microelectronics. This collaboration also illustrates how closely we work with our customers to advance technologies, address their future needs, and accompany them to go to market at a high pace.”

“We look forward to deepening our partnership with the leading French and European stakeholders across the full semiconductor value chain and in particular to build on our highly differentiated FDSOI-based solutions together to address the rapid growth of chips requiring low power, connectivity, and security in automotive, IoT and smart mobile devices,” said Tom Caulfield, CEO of GlobalFoundries. “The dynamic European semiconductor ecosystem is important to us and we will continue to invest to grow our presence in the EU as part of our global growth strategy.”

“ST was an early innovator in FD-SOI and has been in production for several years, with both custom and standard advanced products for a broad range of end-markets. In particular, the technology supports the automotive industry as it transitions to full digitalization and software-

defined architectures in addition to the development of driverless technologies”, said Jean-Marc Chery, President and CEO of STMicroelectronics. “We look forward to working with other leading experts on the next generations of FD-SOI that will enable our customers to overcome the challenges they face as they transition to full digitalization and support the decarbonization of the economy”.

About CEA

The CEA is a key player in research, development and innovation in four main areas: energy transition, digital transition, technology for the medicine of the future and defense and security.

According to the Clarivate 2022 ranking, the CEA is in The Top 100 Global Innovators, in terms of number of patents filed in France and Europe. We help businesses in all sectors be more competitive, creating high-performance products that stand out from the crowd and developing trail-blazing solutions that lead to changes in our society. We deploy this dynamic approach at sites all over France, aiding local partners to innovate themselves, thus helping to create sustainable value and jobs nationwide, tailored to meet actual industry needs. Alongside this, the CEA provides more than just a kick-start to our 222 startups, agile vectors for transferring the disruptive technology and knowledge developed at our laboratories to industry. For more information: www.cea.fr

Contact:

Tuline Laeser
+33 6 12 04 40 22
[email protected]

About Soitec

Soitec (Euronext, Tech 40 Paris) is a world leader in the manufacture of innovative semiconductor materials. The company uses its unique technologies to serve the electronics markets. With more than 3,500 patents worldwide, Soitec’s strategy is based on disruptive innovation to meet its customers’ needs for high performance, energy efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D centers and offices in Europe, the United States and Asia. Fully committed to sustainable development, in 2021 Soitec adopted a corporate purpose to reflect its engagements: “We are the innovative soil from which smart and energy efficient electronics grow into amazing and sustainable life experiences.”

Soitec, SmartSiC™ and SmartCut™ are registered trademarks of Soitec.

For more information, please visit www.soitec.com and follow us on Twitter: @Soitec_EN

Contact:

Media:
Markus Payer
+352 621 968 002
[email protected]

Investors:
[email protected]

About GF

Contact:

Erica McGill
GlobalFoundries
(518) 795-5240
[email protected]

About STMicroelectronics

At ST, we are 48,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology. ST is committed to becoming carbon neutral by 2027. Further information can be found at www.st.com.

For further information, please contact:

INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel : +41.22.929.58.12
[email protected]

MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: + 33.6.59.16.79.08
[email protected]

Schumer announces $25 million for GlobalGoundries and PsiQuantum to develop the next generation of quantum computers at Rome Air Force Research Lab & Malta campus

April 7, 2022

GlobalFoundries Announces Conference Call to Review First Quarter 2022 Financial Results and First Capital Markets Day

April 5, 2022

MALTA, N.Y., April 05, 2022 — GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, May 10, 2022, at 4:30pm EDT following the release of its first quarter 2022 financial results after market close.

Conference Call and Webcast Information

The company will host a conference call with the financial community on Tuesday, May 10, 2022, at 4:30pm EDT. Interested parties may join the scheduled conference call by dialing the following numbers:

Within the U.S.:	1-877-788-0411
Outside the U.S.:	1-615-489-8522
Participant Passcode:	8265345

The company’s financial results and a webcast of the conference call will be available on GF’s Investor Relations website at https://investors.gf.com.

A replay of the call will be available on the GF Investor Relations website within 24 hours of the call.

2022 Capital Markets Day

In addition to first quarter financial results, GF announced that it will host its first Capital Markets Day on August 10, 2022, in New York City. The Capital Markets Day event will include business, manufacturing, technology, and finance updates from GF executives. Additional details for the 2022 Capital Markets Day will be provided closer to the date of the event.

About GlobalFoundries

GlobalFoundries® Inc. (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.

For further information, please contact:

[email protected]

Inspiring the Next Generation of Women in Manufacturing: Q&A with 2022 STEP Ahead Award Winner Sylvia Chan

March 15, 2022

On her first day with GlobalFoundries (GF), Sylvia Chan was a team of one, faced with the challenge of leading over 5,000 employees in Lean Six Sigma (LSS). Not only did she meet the challenge, but she has also redefined training and development in GF Singapore. Today, she is an LSS Master Black Belt with 25 years of experience in various manufacturing industries. She has built LSS teams and cultures, personally trained and coached thousands in LSS, and empowered individuals and teams across enterprises.

As the head of Operations Training and Development at GF Singapore, her passion for people development has greatly strengthened the company’s talent pool. Chan is also the lead of the Singapore chapter of GF’s GlobalWomen employee resource group, as well as mentorship and development programs. She holds a master’s degree in statistics from the National University of Singapore and a bachelor’s degree in mechanical engineering from Newcastle University in the UK. Chan’s inspirational leadership was integral to her being selected to receive a 2022 STEP Ahead Award from The Manufacturing Institute.

The STEP Ahead Awards honor women who have demonstrated excellence and leadership in their careers and represent all levels of the manufacturing industry, from the factory floor to the C-suite. STEP Ahead aims to foster a 21st-century manufacturing workforce by empowering and inspiring women in the manufacturing industry through recognition, research and leadership, as well as by motivating alumnae to pay it forward by mentoring the next generation. The goal of the program is to build networks for women to have support in their industry and to elevate the role models who can inspire the next generation.

“The 2022 STEP Ahead Honorees and Emerging Leader awardees are excellent representatives of the exciting opportunities available in manufacturing,” said Denise Rutherford, 2022 STEP Ahead chair. “These remarkable women and the leadership they show help inspire the next generation of female leaders to consider careers in manufacturing.”

Chan’s achievement was applauded by GF leadership.

“Congratulations to Sylvia on winning the STEP Ahead Award! I thank her tremendously for her hard work training and mentoring others within GF,” said KC Ang, GF SVP and GM Fab Management.

Joseph Chia, GF VP and GM Fab Management, said “this is a clear recognition of Sylvia’s enormous contribution to GF, and we rejoice with her immensely in receiving this prestigious award.”

We sat down with Chan to discuss her career, her love of engineering, the STEP Ahead Award, and more:

Can you tell me about your path to GF?

I chanced upon this amazing opportunity to join GF Singapore in 2015. Single-handedly, I led, successfully deployed, and implemented Lean Six Sigma. Today, we have built a culture of continuous improvement, with a capable team of over 100 LSS practitioners who are actively involved in driving continuous business improvements that bring value to GF’s customers.

My journey at GF is full of excitement and every day is a new adventure!

You’ve had a very successful career at GF. Can you tell me about your current role and responsibilities?

I am currently leading the Singapore Operations Training and Development. I am very excited to be given this opportunity to strengthen the building of the company’s talent pipeline, focusing on attracting, developing, and retaining our talent pool.

We have transformed our Technical Induction Program – from revamping content and mode of delivery, including virtual and online learning options, to upskilling our trainers. This makes the training more interactive, engaging, and effective.

Another major role I have is working on improving our employee skills framework. We firmly believe strong foundational training coupled with a clear, defined skills map is the basis to facilitate seamless integration of every employee. In turn, this enables individuals to understand the job roles, core skills, competencies, and career pathways, as well as how to contribute to the organization more effectively, which directly impacts employee retention.

We recently embarked on the enhancement of internship programs that aim to help develop students’ professional aptitude, strengthen their personal character, and provide a greater door to opportunity. We have followed the three Es to strengthen the program: hands-on Experience, Educational opportunities and Engagement with management and senior leadership on a regular basis. We are still working on employee skills framework, with an emphasis on helping employees map their career progression.

What attracted you to semiconductor manufacturing?

What is rewarding and satisfying to me is knowing that what we produce enables and enhances the lives of many. It is exciting that manufacturing continues to evolve, adapt, and drive innovation. This is made possible with STEM, and I am proud to be a part of it.

Tell me about winning the STEP Ahead Award. Why do you think it’s important for women to be recognized in this field?

I am humbled and honored to be recognized especially since my entire career has been in manufacturing. I am grateful for my mentors and the incredible team around me who forms my support system.

It is important for women to be recognized in this field as it acknowledges the skills we have developed, that we are equally capable and competent in an industry that is largely male dominant. It affirms the positive impact we create in our company, industry, and community. In addition, it helps elevates role models that can inspire future generations to join them.

I think it’s also a privilege to be able to receive the award in person.

Are there any misconceptions or biases you’ve encountered as a woman in our industry?

I have heard this many times: “Oh, it is very rare to have a woman Master Black Belt as the role is very demanding and requires high interaction and engagement with the senior leaders.”

I would just smile politely and say, “Today is your lucky day, as you are looking at one!”

I am glad the situation today has improved significantly. At GF, we have a very strong diversity and inclusion culture that promotes and works to build equality across the workplace. I have been blessed to have an equal seat and voice at the table. Fifteen to twenty years ago, women had to work much harder to have success like that of their male counterparts.

How has mentorship impacted your career (having a mentor, being a mentor)?

I am fortunate to have had great mentors throughout my career. They have guided, inspired, and shaped me into who I am today. I am thankful they are always there, willing to help me navigate through the “maze” by imparting invaluable wisdom and advice. They give me confidence by telling me “I can do it.” They have cheered me for the whole time and watched me grow.

Now I am a mentor to a couple of people, and that is also valuable for me because I get to hear other perspectives.

How has your involvement with GlobalWomen impacted your career, and how has it been tied to mentorship?

First, I try to understand what women at GF want. Most of the time, the answer is to learn and grow. I also try to inspire confidence in other women. Just having the courage to raise your hand to ask a question or make a comment is very important.

And for our mentorship program, we try to make it easier by having group mentoring. That way, those who are quieter can take time to build their confidence slowly to ask a question. It’s all about helping other women grow, and not leaving anyone behind.

According to the Manufacturing Institute, women make up nearly half of the labor force, yet they represent less than 30% of the manufacturing workforce. In your opinion, what steps does the industry need to take to attract and retain more women?

Personally, I feel it is the exposure and it needs to start with education and the mass media. I think there is a strong stigma against women working in manufacturing, even among parents and educators, that this work is laborious, unattractive, working mostly with men in dirty and in an uncomfortable environment. We need to address this perception bias as this is not the case, especially at GF.

There are many opportunities and varieties within manufacturing, and many women have made successful careers in manufacturing. By promoting opportunities and inspiring girls from an early age, we will significantly increase the talent pool in long term.

Another important step is to ensure there are seats for women at every level, including the management and executive table. This makes it clear that there are opportunities for everyone to progress and grow with the organization.