GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters January 2, 2025 Settlement paves the way for potential future collaboration MALTA, NY and ARMONK, NY, January 2, 2025 – GlobalFoundries (Nasdaq: GFS) (GF) and IBM (NYSE: IBM) today announced that the two companies have reached a settlement in their ongoing lawsuits, resolving all litigation matters, inclusive of breach of contract, trade secrets and intellectual property claims between the two companies. This settlement marks the end of an ongoing legal dispute and allows the companies to explore new opportunities for collaboration in areas of mutual interest. The details of the settlement are confidential and both parties have expressed satisfaction with the outcome. “We are pleased to have reached a positive resolution with IBM, and we look forward to new opportunities to build upon our long-standing partnership to further strengthen the semiconductor industry,” said Dr. Thomas Caulfield, president and CEO of GF. “Resolving these disputes is a significant step forward for our companies and will allow us to both focus on future innovations that will benefit our organizations and customers,” said Arvind Krishna, Chairman and CEO of IBM. 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. About IBM IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information. Media Contact: Erica McGillGlobalFoundries[email protected] Adam PrattIBM[email protected]
2024: a year of “Shaping What’s Essential” at GF December 20, 2024 As the new year approaches, Foundry Files takes a look back to reflect on the many wins and milestones celebrated by GlobalFoundries (GF) in 2024. From shaping what’s essential, to partnering with customers, to pushing forward our semiconductor technologies and empowering our global team, 2024 was a year to remember. CHIPS and Science Act GF CEO Dr. Thomas Caulfield Following an announcement in February of an initial agreement, the U.S. Department of Commerce in November announced an award of up to $1.5 billion in direct funding to GF through the CHIPS and Science Act. The funding will enable GF to expand its essential chip manufacturing and technology development in the U.S., with three major projects in New York and Vermont that will strengthen supply chains and support our customers across a range of vital end-markets including automotive, smart mobile devices, IoT, datacenters, and aerospace and defense. As GF CEO Dr. Thomas Caulfield said: “GF’s essential chips are at the core of U.S. economic, supply chain and national security. We greatly appreciate the support and funding from both the U.S. Government and the states of New York and Vermont, which we will use to ensure our customers have the American-made chips they need to succeed and win.” Read more at CNBC, Reuters, or New York Times. Strengthening the auto supply chain with Infineon GF’s manufacturing facility in Dresden, Germany In early 2024, GF and Infineon Technologies announced of a long-term agreement for a supply of Infineon’s AURIX automotive microcontrollers as well as power management and connectivity chips. The collaboration spans two continents and provides Infineon with additional manufacturing for a more resilient auto supply chain. The two companies have been partnering since 2013 on a range of chip technologies for auto, industrial and security applications. With the new agreement, GF secured Infineon as a key long-term customer across multiple geographies, and particularly in Europe where the automotive industry has been an important contributor to innovation and economic growth. The expanded collaboration underscores the criticality of a global manufacturing footprint that enables GF to partner with customers to meet their capacity needs, where they need it. Driving innovation on the road, in space, and connecting us all GF-made essential chips are at the forefront of space exploration. They’re enabling smarter and more connected devices, and helping to shape what’s essential in the auto industry. They’re also empowering our customers to create devices and technologies necessary for building a more resource-efficient and sustainable future. Don’t miss these articles to learn more: Driving automotive innovation on the semiconductor superhighway | GFs’ next-generation technology will shape what’s essential in the auto industry It’s No Vacation for Chips on Mars | GF-made essential chips are at the forefront of space exploration, providing the capabilities, quality, security, and reliability needed to undertake critical missions in the harsh environment of space How silicon photonics is speeding up generative AI | What’s unique to GF’s offerings is the monolithic integration of both the optical and electrical components onto a single die GF’s essential chips enable sustainability | GF-made chips are helping to build a healthier, safer and more sustainable world Shaping what’s essential “We make chips that power the world,” says Amin Glass, an engineer at GF. This powerful statement is at the heart of the “We Shape What’s Essential” campaign launched by GF in 2024. It starts with questions: What makes our world smarter, faster, safer and more connected? What lets you feel secure, whether you’re at home or on the move? The answer is clear: essential chips do. That’s what our new campaign is all about. Showcasing GF’s role in bringing innovations to life, and partnering with customers to enabling how we live, work and connect, and celebrating GF employees who each play a role in shaping what’s essential. Read more on our blog: “What Do We Mean When We Say ‘Essential’?” 22FDX— the star of GF’s new collaboration with NXP Building on years of working together, GF and NXP announced a new collaboration to drive next-generation semiconductor solutions across a range of end markets including automotive, IoT and smart mobile devices. The collaboration leverages GF’s 22FDX process technology platform and global manufacturing footprint to optimize the power, performance and time-to-market of NXP’s solutions. GF’s 22FDX chips will be manufactured in Dresden and Malta, New York, providing NXP geographically diverse supply for their customers. As GF Chief Business Officer Niels Anderskouv said: “Our close collaboration for over a decade has been a testament to the strength of our shared vision and commitment. As we move forward, we’re excited to build on this foundation and further enable NXP’s next-generation solutions with high-power efficiency and optimal performance, without customers needing to compromise on either.” Purpose-built for intelligence at the edge, 22FDX optimizes energy management to deliver up to 50% higher performance and 70% less power used versus other planar CMOS technologies. The platform optimizes performance by dynamically adjusting to the lowest possible voltage, delivering ultra-low power consumption and high performance for the most demanding applications. Celebrating our global team At GF, we shape the world through our essential chips—from the solutions that enable the way we live today, to the technologies that drive what’s possible for tomorrow. Our people bring this power to life. A diverse and global team representing the best in the industry, we are united by our dedication to excellence and our desire to improve and empower the world. In 2024, to help our ability to attract the best and brightest in the industry, our careers page received a fresh look. Check out gf.com/careers to join GF and shape what’s essential. “AI Everywhere” at GTS GF’s annual Technology Summit series in 2024 highlighted the critical role of GF-made essential chips in accelerating the impact and ubiquity of artificial intelligence. The theme of “AI Everywhere” was the connective tissue across three events, on three continents, which brought together industry leaders to share insights on the latest technology advancements and trends. Together, the events were attended by more than 1,000 GF customers, partners, and collaborators, who heard the many ways in which GF technology platforms provide the flexibility, performance, power efficiency and reliability that are helping drive advancements in AI. Innovations on GF’s RF, silicon photonics and other technology platforms are paving the way to smarter, more connected and more efficient devices needed to unlock the full potential of edge AI computing and achieve “AI Everywhere.” Developing tomorrow’s semiconductor workforce University of Vermont students tour GF’s manufacturing facility GF is committed to cultivating a diverse and skilled semiconductor workforce, from inspiring young people to pursue education in STEM fields to ensuring GF employees are empowered to develop as professionals and leaders. GF announced several efforts in 2024 to support this commitment, including: Partnering with the U.S. National Science Foundation and Micron to invest in workforce development at Minority Serving Institutions (MSI), to help meet the growing workforce needs of the U.S. semiconductor ecosystem. Joining the U.S. “Million Women in Construction” initiative to help increase representation of women and economically disadvantaged individuals in the construction workforce Establishing a new scholarship program at the University of Vermont’s College of Engineering and Mathematical Sciences Expanding collaboration with Rensselaer Polytechnic Institute including new sponsorships and internship opportunities for students Sponsoring the 2024-25 FIRST LEGO League program in Vermont Supporting the new “Chip Kids” video series in partnership with As GF Chief People Officer Pradheepa Raman said: “As an industry, we must work together to collectively address the great need for a robust, diverse pipeline of talented individuals who will be the semiconductor innovators and leaders of tomorrow. Strong partnerships are critical to continue the work of inspiring and developing the skilled workforce our industry needs to grow.” Collaborating with BAE Systems on essential chips for national security BAE System’s Terry Crimmins and GF CEO Dr. Thomas Caulfield In June, GF and BAE Systems announced a new collaboration to strengthen the supply of essential semiconductors for national security programs. With a focus on U.S. chip manufacturing and joint research and development for advanced chip technologies, the companies agreed to align technology roadmaps and collaborate on advancing domestic fabrication and packaging of secure chips for use in aerospace and defense systems. Terry Crimmins, president of BAE Systems’ Electronic Systems sector, joined GF CEO Dr. Thomas Caulfield at GF’s Malta, New York, facility to commemorate the new agreement, which builds upon the longtime relationship between BAE Systems and GF. The agreement 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. Accelerating game-changing GaN chips GF’s manufacturing facility in Vermont is the hub of the company’s global GaN chip program In 2024, GF moved closer to large-scale manufacturing of essential gallium nitride (GaN) on silicon semiconductors at its facility in Vermont. With the ability to handle high voltages and temperatures, GaN chip technology is essential for enabling higher performance and greater energy efficiency across a range of RF and high-power control applications including automobiles, datacenter, IoT, aerospace and defense. This effort was supported by three key milestones. First, GaN chips were an important focus of GF’s CHIPS and Science Act award, with part of the $1.5 billion direct supporting the advancement of large-scale GaN manufacturing in Vermont. Second, in July GF announced it acquired Tagore Technology’s Gallium Nitride Power portfolio and created the GF Kolkata Power Center in Kolkata, India. Third, in December received an additional $9.5 million in funding from the U.S. government to support and advance GaN chip manufacturing in Vermont. Together, these efforts are accelerating GF’s momentum in empowering customers to build the next generation GaN-based technologies. As Nicholas Sergeant, vice president of IoT and aerospace and defense at GF, said: “GF is proud of its leadership in GaN chip technology, which is positioned to make game-changing advances across multiple end-markets and enable new generations of devices with more energy-efficient RF performance and faster-charging, longer-lasting batteries.” Manufacturing excellence At the core of GF’s operations lies one driving force: manufacturing excellence. With over 7 million square feet of fabrication facilities — equivalent to nearly 95 Liverpool soccer fields — across three continents, GF’s vast manufacturing footprint is central to the company’s mission and success. How does it all work together, like a giant global semiconductor symphony? Go behind the scenes in this blog article with GF’s Chief Manufacturing Officer Pradip Singh who, alongside a dedicated and talented team, ensures the smooth functioning of GF fabs and the people who bring them to life every day. Also be sure to check this Q&A with Hui Peng Koh, vice president and general manager of GF’s New York site, as well as this Q&A with Ken McAvey, vice president and general manager of Vermont operations and global facilities. Commitment to achieving net zero emissions and carbon-neutral power by 2050 GF has a longstanding commitment to sustainable manufacturing, fighting climate change, and doing the right thing for the right reasons. On Earth Day, the company doubled down on this commitment by announcing two new long-term goals to achieve net-zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050. The new 2050 goals are aligned with Paris Agreement goals,and build upon GF’s Journey to Zero Carbon pledge in 2021 to reduce its greenhouse gas emissions by 25% from 2020 to 2030, even as the company continues to expand its global manufacturing capacity. The company is on track to meet its 25% reduction goal by 2030, which you can read more about in GF’s comprehensive 2024 Sustainability Report. As GF CEO Dr. Thomas Caulfield said: “Climate change is a universal concern for every nation, company and person on this planet, and there are no do-overs when it comes to global warming. It is incumbent upon all of us to take meaningful action to fight against this risk. With our net zero 2050 goal, GF is pledging to continue our sustainability journey and innovate new ways of reducing our emissions and our overall impact on the environment. Not only does this make sense and drive value from a business perspective, it’s the right thing to do for our planet and the future of humanity.” For further reading, don’t miss these blog articles: GF Making Progress on its Journey to Zero Carbon Protecting our Planet Together Resource Conservation is Key to GF’s Sustainability Efforts Recognitions and awards GF is always proud when the company and its team are recognized for their efforts. Key 2024 recognitions include: In April, GF celebrated earning a perfect score in the Human Rights Campaign’s 2023-2024 Corporate Equality Index, a testament to GF’s commitment to an inclusive, diverse workplace where everyone feels valued. Also in April 2024, GF was thrilled to see GF leaders Jennifer Robbins and Katelyn Harrison honored at the Women MAKE Awards. Their recognition underscores the impact of women in semiconductor manufacturing and highlights GF’s commitment to fostering talent and leadership. In May, the latest recognition of GF’s sustainability efforts was being named to USA Today’s “America’s Climate Leaders 2024” list, amplifying our commitment to cut greenhouse emissions and achieve carbon-neutral power by 2050. In September, GF was named one of Fast Company’s “Best Workplaces for Innovators” in the Science and Technology category, celebrating our culture of innovation, collaboration, and technological advancement. In October, GF was named to TIME’s “World’s Best Companies of 2024” list, a reflection of our talented global team, essential chip manufacturing, and longstanding commitment to sustainability. In December, GF Senior Director Yvonne Keil was awarded the 2024 Female Leader of the Year Award at the International Semiconductor Executive Summits – Asia.
GlobalFoundries Sets New Bar as Largest Semiconductor Company to Protect Innovation by Joining LOT Network December 17, 2024 Leading IP owner in semiconductor industry joins largest global patent protection community to safeguard its customers and ecosystem from patent assertion entities MALTA, N.Y., December 17, 2024 — GlobalFoundries (Nasdaq: GFS) (GF) and LOT Network announced today that GF has joined the LOT Network, the world’s largest patent licensing platform and non-profit community of global companies committed to protecting themselves against costly litigation from patent assertion entities (PAEs). With this move, GF joins a community of more than 4,500 companies that include half of the top 20 largest U.S. patent holders, and half of the S&P Global 100 and Fortune 100. Semiconductors play an ever-increasing and vital role in driving innovation, enabling diverse applications across high-growth markets such as artificial intelligence, automotive, smart devices and advanced healthcare technologies. With a global footprint spanning three continents, GF is a leading innovator of differentiated essential chip technologies and has added its nearly 10,000 global patent assets in semiconductor manufacturing, test, and design to the protections of LOT Network. PAEs, referred to by some as “patent trolls”, are responsible for more than 87 percent of all patent litigation against the high-tech industry. Many of the patents used are acquired from the industry itself and are used by the PAEs to profit through litigation against other members of the industry. GF’s membership in LOT Network protects the company and minimizes litigation risk, allowing the company to focus on innovation that will drive advancements in smarter, more secure, connected and efficient devices. LOT Network membership provides a global shield, with members from 56 different countries. “Semiconductors are the key building blocks for so many products that the world relies on to live, work and connect. We are committed to protecting our technology and securely manufacturing the essential chips our customers, partners and industry rely on,” said Adam Noah, Chief IP Counsel at GF. “By joining the LOT Network, we are further safeguarding our business and our customers against PAE litigation, allowing us to focus on the important work of delivering world-class technology solutions. We encourage others within the semiconductor manufacturing and design ecosystem to address the PAE drain on resources by joining LOT’s protective community, which provides strength in numbers.” “GF is the perfect role model for a U.S.-based semiconductor supplier,” said Ken Seddon, CEO of LOT Network. “Not only are they protecting their business, but they are also protecting their customers, as all GF products now come with free immunization to over 20 percent of all US patents. GF is a semiconductor visionary for recognizing the critical role it plays in the protection not just of the semiconductor industry, but the many verticals that rely upon its technologies as well.” ### 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. About LOT Network LOT Network, the world’s largest patent licensing platform, is an international, non-profit community of leading global companies committed to protecting themselves against costly litigation from patent assertion entities (PAEs). LOT Network currently protects more than 4,500 members in 56 countries from PAE litigation for more than 4.8 million worldwide patent assets and counting and includes 20% of all U.S. patents within the organization. Members include market leaders such as Toyota, Visa, Canon, Google, Red Hat, JP Morgan Chase, Tesla, Cisco, Amazon, Microsoft, Alibaba, and Salesforce, as well as innovative companies across industries. Visit www.lotnet.com to learn more or download LOT Network’s agreement.
Soitec and GlobalFoundries collaborate in the production of High-Performance RF-SOI Semiconductors December 4, 2024
GlobalFoundries GaN Chip Manufacturing Advances with $9.5 Million U.S. Federal Funding December 4, 2024 Funding moves GF closer to large-scale production of next-generation gallium nitride chips for a range of RF and high-power applications ESSEX JUNCTION, Vt., December 4, 2024 — GlobalFoundries (Nasdaq: GFS) (GF) has received an additional $9.5 million in federal funding from the U.S. government to advance the manufacturing of GF’s essential gallium nitride (GaN) on silicon semiconductors at its facility in Essex Junction, Vermont. The funding moves GF closer to large-scale production of GaN chips. With the ability to handle high voltages and temperatures, GaN chip technology is essential for enabling higher performance and greater energy efficiency across a range of RF and high-power control applications including automobiles, datacenter, IoT, aerospace and defense. With the award, GF will continue to add new tools, equipment and prototyping capabilities to its market-leading GaN IP portfolio and reliability testing as the company moves closer to full-scale manufacturing of its 200mm GaN chips in Vermont. GF is committed to creating a fast and efficient path for customers to realize new innovative designs and products that leverage the unique efficiency and power management benefits of GaN chip technology. “GF is proud of its leadership in GaN chip technology, which is positioned to make game-changing advances across multiple end-markets and enable new generations of devices with more energy-efficient RF performance and faster-charging, longer-lasting batteries,” said Nicholas Sergeant, vice president of IoT and aerospace and defense at GF. “We appreciate the U.S. government’s partnership and ongoing support of our GaN program. Realizing full-scale GaN chip manufacturing will be a catalyst for innovation, for both our commercial and government partners, and will add resilience and strengthen the semiconductor supply chain.” The new funding, awarded by the U.S. Department of Defense’s Trusted Access Program Office (TAPO), represents the latest federal investment to support GF’s GaN program in Vermont. “This strategic investment in critical technologies strengthens our domestic ecosystem and national security, and ensures these assets are readily available and secure for DoD utilization. In concert with key partners, this approach fortifies defense systems, empowering resilience and responsiveness,” said Dr. Nicholas Martin, Director at Defense Microelectronics Activity. In total, including the new award, GF has received more than $80 million since 2020 from the U.S. government to support research, development and advancements to pave the way to full-scale GaN chip manufacturing. Vermont is a U.S.-accredited Trusted Foundry and the global hub of GF’s GaN program, with longstanding leadership in 200mm semiconductor manufacturing. In July 2024, GF acquired Tagore Technology’s Gallium Nitride Power portfolio and created the GF Kolkata Power Center in Kolkata, India. The center is closely aligned with and supports GF’s facility in Vermont, and is helping advance GF’s research, development and leadership in GaN chip manufacturing. 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: Michael Mullaney [email protected]
GlobalFoundries and IDEMIA Secure Transactions to Enable Next-Generation Smart Card IC on GF 28ESF3 Platform November 25, 2024 Partnership will deliver 100% European-manufactured and tested smart card technology for secure and seamless transactions MALTA, N.Y., November 25 2024 – Today GlobalFoundries (Nasdaq: GFS) (GF) announced its collaboration with IDEMIA Secure Transactions (IST), a division of IDEMIA Group, to deliver IST’s new smart card IC on GF’s 28ESF3 process technology platform. This announcement marks a two-year partnership to create a 100% European value chain and efficient one-stop-shop solution for the next generation of IST’s smart card technology. Announced at GF’s annual Technology Summit in 2023, GF’s 28ESF3 platform integrates ESF3 embedded non-volatile memory (NVM) into the GF 28SLPe foundry process. The platform offers a unique value proposition for smart card solutions, delivering improved data retention, low read latency and enhanced power efficiency. The platform also offers customers significant cost and time savings for developers through a streamlined manufacturing process with 40% less complexity than competitive platforms, readily accessible Smart Card Flash macros and custom macro design that simplify integration and accelerate time to market. This collaboration also highlights GF’s extensive turnkey service offerings, including the availability of wafer sort using Known-Good-Die (KDG) methodology. Through this process, GF will supply die products that meet the high quality and reliability requirements for smart card solutions while streamlining the path to production. “As digitization continues to modernize our essential financial services, GF recognizes the importance of delivering smart card and digital payment innovations that prioritize security, privacy and convenience,” said Kamal Khouri, vice president and general manager of GF’s feature-rich CMOS product line. “We are bringing those priorities forward through this partnership with IST and advancing future-ready smart card solutions with key integrations for memory and power that optimize performance and reliability.” “Building the first 100% European value chain for smartcards based on GF’s 28ESF3 technology is a major step for IDEMIA Secure Transactions. The collaboration between GF and IST R&D teams has led to the development of the first secure element for payment applications. Our strategy targets banking and connectivity solutions addressing the challenges of the post-quantum cryptography, for which the 28-nanometer chip technology is particularly suited,” said Andrea Bonzo, CTO of IDEMIA StarChip, IDEMIA Secure Transactions. The new smartcard IC is scheduled for mass production by 2026 at GF’s high-volume manufacturing facility in Dresden, Germany. As an ISO 15048 EAL6-certified facility, GF’s Dresden facility meets the highest standards for manufacturing security products like smart card technologies, ensuring an efficient and secure supply chain that saves customers considerable time and costs. 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. About IDEMIA Group IDEMIA Group unlocks simpler and safer ways to pay, connect, access, identify, travel and protect public places. With its long-standing expertise in biometrics and cryptography, IDEMIA develops technologies of excellence with an impactful, ethical, and socially responsible approach. Every day, IDEMIA secures billions of interactions in the physical and digital worlds. IDEMIA Group brings together three market-leading businesses that enable mission-critical solutions: IDEMIA Secure Transactions is the leading technology provider who unlocks safer and easier ways to pay and connect. IDEMIA Public Security is a leading global provider of biometric solutions that unlock convenient and secure travel, access, and protection. IDEMIA Smart Identity leverages the power of cryptographic and biometric technologies to unlock a single trusted identity for all. With a global team of nearly 15,000 employees, IDEMIA Group is trusted by over 600 governmental organizations and more than 2,400 enterprises in over 180 countries. For more information, visit www.idemia.com and follow @IDEMIAGroup on X. 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: GlobalFoundriesStephanie Gonzalez[email protected]
GlobalFoundries and U.S. Department of Commerce Announce Award Agreement on CHIPS Act Funding for Essential Chip Manufacturing November 20, 2024 Up to $1.5 billion from CHIPS and Science Act to support GF’s New York expansion plans and Vermont facility modernization Additional $550 million from New York State confirmed MALTA, NY, November 20, 2024 — GlobalFoundries (Nasdaq: GFS) (GF) and the U.S. Department of Commerce have announced an award of up to $1.5 billion in direct funding to GF through the CHIPS and Science Act. The award follows the previously signed preliminary memorandum of terms announced in February 2024 and will enable GF to expand its essential chip manufacturing and technology development in the U.S., strengthening supply chains and supporting customers across a range of vital end-markets including automotive, smart mobile devices, IoT, datacenters, and aerospace and defense. “The idea of strengthening U.S. semiconductor manufacturing has been five-plus years in the making. With bipartisan support, that idea evolved into the CHIPS and Science Act,” said Dr. Thomas Caulfield, president and CEO of GF. “GF’s essential chips are at the core of U.S. economic, supply chain and national security. We greatly appreciate the support and funding from both the U.S. Government and the states of New York and Vermont, which we will use to ensure our customers have the American-made chips they need to succeed and win.” GF’s CHIPS and Science Act award will support three projects: Expansion of GF’s existing Malta, New York, fab by adding critical technologies already in production at GF’s Singapore and Germany facilities, to enable a secure and reliable supply of domestically manufactured essential chips for the U.S. auto industry. Modernization and upgrading of GF’s existing fab in Essex Junction, Vermont, to expand production capacity and create one of the world’s leading facilities capable of high-volume manufacturing of next-generation gallium nitride (GaN) semiconductors for use in electric vehicles, data centers, IoT, smartphones and other critical applications. In alignment with market conditions and customer demand, construction of a new state-of-art fab on GF’s Malta, New York, campus to meet expected demand for U.S.-made essential chips across a broad range of markets and applications including automotive, AI in the data center and at the edge, as well as aerospace and defense. The two New York-based projects are expected to triple the existing capacity of GF’s Malta campus over the next 10-plus years, in alignment with expected market requirements and customer demand. Construction of the new fab will leverage the GF site’s existing infrastructure and ecosystem, enabling a fast and efficient path from construction to production. In aggregate, these projects represent more than $13 billion of investment over the next 10-plus years across GF’s two U.S. sites. This investment includes the $1.5 billion CHIPS and Science Act award, more than $550 million in support from the New York State Green CHIPS Program, as well as funding and support from Vermont, GF ecosystem partners and key strategic customers, and other incentives. Combined, these investments are expected to create close to 1,000 direct manufacturing jobs and more than 9,000 construction jobs over the life of these projects. GF’s fabs in New York and Vermont are both Trusted Foundry accredited and manufacture secure chips in partnership with the U.S. government. As part of its CHIPS and Science Act award, to attract and cultivate a pipeline of semiconductor talent in New York and Vermont, GF will continue to invest in and develop new workforce development efforts including curriculum development, internship and apprenticeship programs, K-12 STEM outreach, as well as additional education and training programs. Consistent with GF’s longstanding commitment to our communities and the environment, GF’s design and construction plans for its expansions and modernizations in New York and Vermont will reflect the company’s sustainability goals for future operations. 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 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,” “plan” 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. 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Moreover, neither we, nor any other person, assumes responsibility for the accuracy and completeness of these statements. 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. Investors are urged to review in detail the risks and uncertainties discussed in our 2023 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission. Media Contact: Michael Mullaney [email protected]
GlobalFoundries Announces State Sponsorship of FIRST LEGO League in Vermont for 2024-2025 Season November 12, 2024 GF to host championship event at its Essex Junction facility in January 2025 Essex Junction, Vt., Nov. 12, 2024 – GlobalFoundries (Nasdaq: GFS) (GF) is proud to announce its sponsorship of the 2024-25 FIRST® LEGO® League (FLL) program in Vermont, reinforcing GF’s commitment to community engagement, K-12 STEM (science, technology, engineering, and mathematics) education, and workforce development. As part of this sponsorship, GF will host the FLL Vermont State Championship at its Essex Junction facility on January 18, 2025. The event will be supported by local GF volunteers, showcasing the company’s strong community involvement. This sponsorship builds on GF’s longstanding relationship with the FIRST organization in Vermont through which GF employees have actively mentored FIRST teams across local communities, logging over 1,300 volunteer hours last year alone. Becoming the FLL State Sponsor showcases the company’s commitment to building a strong STEM ecosystem and nurturing the next generation of innovators and problem-solvers. “We are thrilled to be the state sponsor for FIRST LEGO League in Vermont. Every year, our employees invest countless hours as mentors, coaches, and volunteers for the FIRST program, highlighting GF’s dedication to community and workforce development,” said Ken McAvey, vice president and general manager of Vermont Operations and Global Facilities at GF. “GF is committed to cultivating a diverse and skilled semiconductor workforce, and our partnership with FIRST reflects our strong support for their mission to engage students in STEM education from an early age. We look forward to hosting the FLL State Championship, hoping it inspires students to pursue careers in STEM, especially in the semiconductor industry where they can help shape what’s essential.” FIRST LEGO League (FLL) Challenge, which serves students in grades 4-8 throughout Vermont, has seen significant growth. In the 2023-24 season, Vermont hosted 63 FLL Challenge teams statewide, and projections for the current season estimate over 80 teams. This growth is made possible through the collaboration between GF and FIRST in Vermont. FIRSTinVT is a non-profit organization dedicated to establishing and enhancing FIRST teams at all program levels by building sustainable relationships between teams and community partners. “FIRST in Vermont is excited to collaborate with GF to expand the reach and impact of the FIRST LEGO League program in Vermont,” said Joe Chase, Vermont FLL program delivery partner. “GF’s ongoing support is crucial in providing students with the opportunity to engage in hands-on STEM learning and develop critical skills for the future. Together, we are building a strong foundation for the next generation of leaders and innovators.” GF’s facility in Essex Junction, Vermont, near Burlington, was among the first major semiconductor manufacturing sites in the United States. Today, around 1,800 GF employees work at the site. Built on GF’s differentiated technologies, these GF-made chips are used in smartphones, automobiles, and communications infrastructure applications around the world. About FIRST LEGO League FIRST® LEGO® League guides youth through STEM learning and exploration at an early age. From Discover, to Explore, and then to Challenge, students will understand the basics of STEM and apply their skills in an exciting competition or exhibition while building habits of learning, confidence, and teamwork skills along the way. 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. Contact:Gina DeRossiGF[email protected]518-491-5965
