Celebrating Black Success and Development at GF February 16, 2022By Emma Cheer February is Black History Month in the U.S. The month-long observance is an opportunity to recognize and pay homage to the contributions, innovations, and trailblazers within the Black community who have elevated business, technology, art, music, science and other fields that impact the lives of people around the world. GlobalFoundries (GF) knows the best ideas come from a diverse team being inclusive, and that our success rests on empowering employees to bring their whole person — 15,000 employees with unique talents and distinctive qualities — to our company. Building a culture of inclusion drives better business outcomes. A critical driver of diversity at GF is our employee-led Employee Resource Groups (ERGs), which foster a diverse, inclusive workplace aligned with GF’s organizational mission, values, and goals. Established in August 2020, the Black Resource Affinity Group (BRAG) at GF seeks to embrace the diverse experiences of Black employees and provides a safe place to express individualism, while continuing to build upon GF’s inclusive culture. BRAG focuses on promoting the recruitment, retention, and professional advancement of Black employees. BRAG has grown to over 50 members and allies, with hundreds of GF employees in attendance at recent events. “As an ESG leader for BRAG at GF, I want to foster a network for our Black community and bring attention to the challenges and barriers faced by our Black, Indigenous and People of Color,” said Arleea Hendricks, lead HR business partner at GF and a member of the Fab 8 team in Malta, New York. “Black History Month is a time to commemorate and reflect on the remarkable achievements of African Americans throughout history, as well as an opportunity to increase visibility and have conversations around social injustice and cultural acceptance.” Through a truly remarkable year for GF, BRAG remained steadfast in supporting its members with networking events, professional development opportunities and outreach efforts beyond GF. Here’s a snapshot of BRAG’s year in review. Developing Black Talent within GF Providing professional development opportunities is the key to BRAG’s objectives. In September, BRAG hosted a panel on growth, featuring GF leaders across business units and inviting all GF team members to participate in an interactive panel session to gain confidence in their career journey. A main topic of the discussion focused on navigating role changes and exploring career opportunities within GF. Another top priority for BRAG is creating networking opportunities for its members, through mentorship activities, meet and greets for GF interns, and presentations from diversity and inclusion leaders such as Dereca Blackmon and Dr. Wanda Heading Grant. GF’s Vice President and Chief Accounting Officer Will Billings, who joined the company last year, took on the role of BRAG’s new executive sponsor. With more than two decades of experience in accounting and finance, he brings to GF and BRAG a wealth of experience of working on and leading diverse international teams. Building Relationships through Diversity and Inclusion Initiatives Last February, BRAG partnered with GF’s corporate and employee giving program, GlobalGives, to showcase Black-run nonprofits, including All Star Code, The Hidden Genius Project, Sad Girls Club and Fighting 4 the Tatas. These nonprofits provide medical and professional support for Black men and women. In addition to the 2021 GlobalGives campaign, BRAG members worked tirelessly to support local school and community events throughout the year. At GF, one of our core values is “Embrace.” Events like BRAG’s Lunch & Learn series allow for engaging discussions on allyship and inclusion in a trusting environment. These are important for reaffirming this value as we take the time to reflect on what allyship and inclusion mean at GF and how we can continuously improve our company culture. In April, BRAG collaborated with Malta GlobalWomen to host “Preventing Microaggressions in the Workplace.” Collaboration between ERGs opens opportunities for team members to create connections both within our sites and across the globe. Partnering for a More Inclusive GF GF believes that a diversity of ideas and backgrounds makes for a stronger culture of trust and innovation. Partnering with organizations such as The McKinsey Leadership Program, AfroTech, the Jackie Robinson Foundation and more enables GF to grow as a diverse yet united ONEGF. A group of 22 outstanding GF leaders participated in the McKinsey Black Leadership Academy’s pilot Management Accelerator program. The Management Accelerator program is a 6-month practical “mini-MBA” tailored to the unique experience of Black leaders, building foundational skills for early to mid-career leaders, developing core leadership and management capabilities through a case-based approach. McKinsey Leadership specifically acknowledges the unique skills of Black leaders and the challenges they face. In November, GF was a proud sponsor of AfroTech, one of the largest conferences for Black tech innovators. BRAG member and Senior Engineer Marvin Montaque attended the virtual event. “The AfroTech Conference of 2021 was an incredible experience. The ability to meet with industry leaders from well-known companies to companies not even on my radar was amazing,” he said. “We sometimes forget that there is an engine – people- behind every company with knowledge and experiences that can impact your own world,”’ Montaque continued. “AfroTech 2021 provided a unique opportunity to interact with these folks via the metaverse. This technology blows my mind thinking about it. I was able to take friends on a boat ride (virtually) while catching up and meeting new people. I was also able to hop from event to event across campus in a matter of seconds. The content was also amazing, from attending workshops and pitch competitions, meeting with executives from Disney/Slack and picking their brains on what is to come in their industry, to attending DJ/dance parties from my living room. The whole experience was incredible.” GF continues to build its partnership with the Jackie Robinson Foundation (JRF). This partnership focuses on advancing higher education opportunities for underrepresented minorities by providing multi-year scholarship awards to highly motivated college students with an interest in STEM. GF hosted two JRF scholars as interns in the summer of 2021. “This past summer was one of my greatest learning experiences,” said Mbaba Sow, a JRF scholar at GF. “Being at GlobalFoundries in Malta, New York allowed me to take a deep dive into the semiconductor manufacturing industry. Being exposed to the integrated systems that control the semiconductor chip process, and being able to get up from my desk and go see the process live was amazing. My co-workers in my department were very welcoming and were willing to answer any questions that I had for them. By the end of my internship, I felt like I added members to my family.” GF is proud of BRAG’s accomplishments and looks forward to the next year of excellent programming and learning opportunities. Interested in learning about other Employee Resource Groups at GF? Read our ERG Round-up: Employee Resource Groups Driving Diversity, Inclusion, and Success at GlobalFoundries
探访格芯新加坡Fab 7 February 10, 2022 格芯®（GF®）拥有一支才华横溢、多元化的员工队伍，大规模制造工厂遍布美洲、亚洲和欧洲，为全球各地的客户提供可信赖的技术资源。 我们所有先进的制造工厂（或晶圆厂）都致力于提供功能丰富的芯片，这些芯片在日常生活中无处不在，对全球经济至关重要，但每家格芯晶圆厂又具有各自独特的优势和机遇。 为了让大家深入了解我们的全球制造业务，晶圆厂博客系列将在今年对我们的每个制造工厂进行介绍。作为该系列的开篇，我们采访了格芯新加坡副总裁兼总经理Yew Kong Tan，他同时负责Fab 7的制造运营。 Yew Kong，您好！感谢您能抽出宝贵的时间，接受我们的采访。 这是我的荣幸。 您能向我们介绍一下格芯Fab 7号生产哪些产品吗？ 我们在Fab 7生产和测试各种功能丰富的射频(RF)、嵌入式存储器以及模拟和电源解决方案。这些产品采用从130nm到40nm节点的各种半导体技术，用于智能手机、汽车系统、物联网(IoT)和其他随着世界日益数字化而快速增长的应用。 这些芯片实现了我们日常生活中依赖的各项功能。从更快更可靠的连接、安全的无线交易和智能手机超清音频，到设备上的高分辨率触摸屏和更高的能效，再到汽车中的传感器和安全功能等等。 在格芯的全球晶圆厂中，Fab 7有何独特之处？ 与其他格芯晶圆厂相比，我们涉猎更多技术，助力格芯提供广泛而真正差异化的解决方案。但是，这也给生产带来了挑战。在一年内，Fab 7要为约200家客户生产1,000多种不同设计的芯片。这导致生产高度复杂，需要我们的团队具备较高的技能和才能以及辛勤的付出，才能确保始终按时交付高质量的晶圆。 此外，我们行业的整体制造速度不断加快。部分原因在于新冠疫情充分释放了对远程应用电子系统的巨大需求。同时这也与当今芯片开发周期缩短有关。过去，开发一款新芯片需要两到三年的时间，但消费电子和物联网等快速增长的应用需要更短的开发周期。这样一来，我们的晶圆厂需要处理更多的产品。 对于Fab 7的运营而言，哪些因素是本地独有的？ 淡水绝对是新加坡独有的制约因素，因为在这个小岛上淡水供应受限。为了帮助解决这个问题，我们部署了先进的水循环处理能力。 至于生产所需的其他资源和项目，我们的位置既有优势也有劣势。一方面，由于缺乏本地供应商，我们的许多材料都必须从海外进口，运输成本较高。另一方面，由于我们所处的位置，我们可以在亚洲采购许多材料，相比从欧洲和美洲空运，成本更低。 客户的关键目标包括业务连续性和供应链弹性。Fab 7如何与格芯的其他晶圆厂协作，确保满足这些目标？ 我们的制造工厂遍布全球各地，因此我们能够在多个大洲生产客户所需的产品。例如，Fab 7正在将一些55nm和40nm技术节点向格芯位于德国德累斯顿的Fab 1晶圆厂转移，这样客户将在格芯内部拥有两个供应来源，有助于确保业务的连续性。 下面我们来谈谈人力资源。您是如何成为Fab 7总经理的？ 我在格芯工作了27年，早在20世纪90年代，我就投身了新加坡半导体行业，不过当时我并不在格芯，而是在特许半导体，后来这家代工厂被格芯收购了。我于1995年加入格芯的Fab 2，先后就职于光刻技术制造部和工程部。几年后，我被委任负责光刻、清洁技术和化学机械平面化(CMP)工作。我还领导建立了印刷电路板维修中心，该中心至今仍在为新加坡工厂提供重要的成本优势。我于2008年就任Fab 2总经理，并于2013年就任我们新加坡GIGA+晶圆厂总经理，然后于2019年就任Fab 7总经理。 新加坡的人才市场竞争情况如何？ 半导体行业在全球范围内都普遍存在人才短缺问题，但与我们特别相关的是，新加坡是一个小岛。在所有行业和领域，新加坡都亟需才华横溢的员工。 马来西亚是我们的重要人才来源地之一，但新冠疫情让势态变得颇为棘手。在疫情爆发之前，员工可以每天往返两国之间，但现在旅行受到更多限制。除马来西亚之外，我们还有来自中国、菲律宾、印度及其他国家/地区的团队成员；新加坡汇聚着四面八方的人才。 我是新加坡半导体行业协会的成员，该协会与本地半导体生态系统展开合作。作为一个组织团体，我们在新加坡经济发展局(EDB)的支持下，不断商讨和制定吸引更多人才到新加坡的战略。 请介绍一下Fab 7的团队情况。 新冠疫情无疑给我们的员工队伍带来了严峻的挑战，但最可贵的一点是，我们的员工非常忠实，愿意尝试新事物，他们已经准备好迎接挑战。 举例来说，当新冠疫情在2020年初开始蔓延时，我对我的团队提出了挑战，要求他们想方设法为最坏的情况做准备。Fab 7号的自动化程度很高，因此与许多其他人工晶圆厂相比，我们需要的现场操作人员更少，然后我提出了开发利用iPad远程控制和操作生产线的能力。 2020年3月，正当我们与IT团队一起准备部署这项功能时，恰逢马来西亚宣布将实施封锁措施。当马来西亚宣布这一消息时，并不是说会从三个月或类似时间后生效，而是说“我们明天将开始实施封锁。” 于是，在封锁前一天，我们的团队在新加坡四处奔波，花了六个小时买了76台iPad。等他们一回来，我们就立即将iPad配置好，并分发给需要在边境关闭之前返回马来西亚的人员。因此，我们能够保持Fab 7的正常运营，没有对我们的客户造成任何交付影响，即使全球封锁也是如此。我认为这太了不起了。我们的员工做得非常棒，真的非常令人惊叹，也令人难忘。 Yew Kong，您已经在这个行业工作了很久。请问是什么激励您持续创新并走在我们行业的前列？ 这个行业最有趣的是，每天走进办公室时，你都无法预知等待你的是什么。每天都有新事物发生，让你有机会学习新东西。这就是每一天的意义，它激励着我付出更多。 另一个非常重要的方面是，与我共事的是一群才华横溢、忠诚敬业且充满激情的人。每天能与他们并肩协作，朝着共同的目标努力，我感到非常荣幸。我们希望实现出色的生产线良率和芯片良率，尽可能缩短周期时间并降低成本。这促使着我每天用心投入工作，立志做一些不同的事情，并逐年提高我们的关键绩效指标(KPI)。这激励着我和我的团队不断前进。 ### Yew Kong Tan是格芯新加坡副总裁兼总经理，他同时负责Fab 7的制造运营。在Fab 7，他领导着大约1,600名员工并管理各方面的工厂运营，以实现高水平的质量、产量、成本效益、交付和客户满意度，为实现格芯的业务目标提供支持。他拥有威斯康星大学麦迪逊分校机械工程专业硕士学位。
GlobalFoundries Reports Fourth Quarter and Fiscal Year 2021 Financial Results February 8, 2022 Record Revenue, Gross, and Operating Margins MALTA, N.Y., Feb. 08, 2022 (GLOBE NEWSWIRE) — GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2021. Key Fourth Quarter Financial Highlights Record revenue of $1.85 billion, up 9% sequentially. Record gross margin of 20.8% and adjusted gross margin of 21.5%. Record operating margin of 5% and adjusted operating margin of 8%. Net income margin of 2% and adjusted EBITDA margin of 32%. Cash and cash equivalents of $2.9 billion. Key Full Year 2021 Financial Highlights Revenue of $6.6 billion, up 36% year-over-year. Record gross margin of 15% and adjusted gross margin of 16%. Net income margin of -4% and adjusted EBITDA margin of 28%. “2021 was an outstanding year for GF, during which we drove an acceleration of our business plan by capitalizing on the demand for pervasive semiconductor solutions and the vital role we play in the semiconductor supply chain,” said Tom Caulfield, CEO of GF. “Our revenue grew 36% year-over-year, and we made significant progress towards our long-term financial profit model. The year was also marked by a growing number of long-term partnership agreements, with 30 customers committing more than $3.2 billion toward the continued expansion of our global manufacturing footprint to support strong demand. We are executing well, and believe we are on track to deliver another year of strong growth in revenue and profitability in 2022.” Major 2021 Accomplishments and Key Fourth Quarter Business Highlights: In 2021, GF entered into 30 significant long-term customer agreements that provide assurance to our customers and provide revenue visibility to GF. In 2021, GF broke ground on a new fab on its Singapore campus, expanded capacity in Fab 1 (Dresden) by over 25%, and announced expansion plans for its most advanced manufacturing facility in upstate New York. GF set a “Journey to Zero Carbon” goal to reduce greenhouse gas emissions by 25% while expanding global manufacturing capacity. On October 28, 2021, GF began trading on Nasdaq Stock Market under the ticker “GFS.” In the fourth quarter, GF announced an extension of its wafer supply agreement with AMD, increasing the number of chips GF will supply, as well as extending the terms of the agreement to secure supply through 2025. In the fourth quarter, BMW signed a direct supply assurance agreement with high-tech microchip developer INOVA Semiconductors and GF to secure long-term semiconductor supplies. In the fourth quarter, GF and Ford announced a non-binding strategic collaboration to advance semiconductor manufacturing and technology development within the US, aiming to boost chip supplies for Ford and the US auto industry. Unaudited Summary Quarterly Results (in $M, except per share amounts and wafer shipments)1,2 Year-over-year Sequential Q4’20 Q3’21 Q4’21 Q4’20 vs Q4’21 Q3’21 vs Q4’21 Revenue $1,062 $1,700 $1,847 $78574% $1479% Gross profit (loss) $(218) $300 $384 $601276% $8428% Gross margin (20.5)% 17.6% 20.8% +4131bps +316bps Adjusted gross profit (loss) $(218) $306 $397 $615282% $9130% Adjusted gross margin (20.5)% 18.0% 21.5% +4201bps +346bps Operating profit (loss) $(491) $52 $87 $578118% $3567% Operating margin (46)% 3% 5% +5092bps +163bps Adjusted operating profit (loss) $(491) $81 $142 $633129% $6175% Adjusted operating margin (46)% 5% 8% +5389bps +291bps Net income (loss) $(524) $5 $43 $567108% $38760% Net income (loss) margin (49)% 0% 2% +5165bps +201bps Adjusted net income (loss) $(524) $34 $98 $622119% $64187% Adjusted net income (loss) margin (49)% 2% 5% +5464bps +328bps Diluted earnings per share (EPS) $(1.05) $0.01 $0.08 $1.13108% $0.07700% Adjusted diluted EPS $(1.05) $0.07 $0.18 $1.23117% $0.11157% Adjusted EBITDA $166 $505 $584 $418251% $7916% Adjusted EBITDA margin 16% 30% 32% +1596bps +191bps Cash from operations $201 $1,109 $1,148 $947471% $394% Wafer shipments (300MM Equivalent) (in thousands) 595 609 622 275% 132% 1Adjusted gross profit, adjusted operating profit, adjusted net income, adjusted EBITDA, and diluted earnings per share are adjusted non-IFRS metrics; please see the reconciliation of IFRS to adjusted non-IFRS metrics in the Appendix.2In 2020, the majority of our customer contractual terms were amended in a manner that resulted in moving from recognizing wafer revenue on a Percentage-of-Completion basis to recognizing revenue on a Wafer Shipment basis. This resulted in a one-time, non-recurring reduction in net revenues recognized in 2020. Had the change in terms not occurred, net revenues for the quarter ended December 31, 2020 would have been an estimated $501 million higher than reported results. Unaudited Summary Annual Results (in $M, except per share amounts)1,2 Year-over-year FY 2020 FY 2021 FY20 vs FY21 Revenue $4,851 $6,585 $1,73436% Gross profit (loss) $(713) $1,013 $1,726242% Gross margin (14.7)% 15.4% +3008bps Adjusted gross profit (loss) $(713) $1,068 $1,781250% Adjusted gross margin (14.7)% 16.2% +3092bps Operating profit (loss) $(1,656) $(60) $1,59696% Operating margin (34)% (1)% +3323bps Adjusted operating profit (loss) $(1,655) $168 $1,823110% Adjusted operating margin (34)% 3% +3667bps Net income (loss) $(1,351) $(254) $1,09781% Net income (loss) margin (28)% (4)% +2399bps Adjusted net income (loss) $(1,350) $(26) $1,32498% Adjusted net income (loss) margin (28)% 0% +2744bps Diluted earnings per share (EPS) $(2.70) $(0.50) $2.2081% Adjusted diluted EPS $(2.70) $(0.05) $2.6598% Adjusted EBITDA $976 $1,848 $87289% Adjusted EBITDA margin 20% 28% +794bps Cash from operations $1,006 $2,839 $1,833182% Wafer shipments (300MM Equivalent) (in thousands) 2,030 2,374 34417% 1Adjusted gross profit, adjusted operating profit, adjusted net income, adjusted EBITDA, and adjusted diluted earnings per share are adjusted non-IFRS metrics; please see the reconciliation of IFRS to adjusted non-IFRS metrics in the appendix.2In 2020, the majority of our customer contractual terms were amended in a manner that resulted in moving from recognizing wafer revenue on a Percentage-of-Completion basis to recognizing revenue on a Wafer Shipment basis. This resulted in a one-time, non-recurring reduction in net revenues recognized in 2020. Had the change in terms not occurred, net revenues for the year ended December 31, 2020 would have been an estimated $810 million higher than reported results. Summary of First Quarter 2022 Outlook (in $M except per share amounts) IFRS Share-based compensation Non-IFRS AdjustedRevenue$1,880 – $1,920 — — Gross Profit$383 – $413 $24 – $26 $409 – $437 Gross Margin (mid-point)20.9% — 22.3% Operating Profit$101- $145 $57 – $63 $164 – $202 Operating Margin (mid-point)6.5% — 9.6% Net Income$54 – $96 $57 – $63 $117 – $153 Net Income Margin (mid-point)3.9% — 7.1% Diluted EPS$0.10 – $0.17 $0.10 – $0.11 $0.21 – $0.27 Adj. EBITDA— — $580 – $620 EBITDA Margin (mid-point)— — 31.6% The guidance provided above contains forward-looking statements as defined in the Securities Exchange Act of 1934, as amended, 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 First 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 are out of its control and/or cannot be reasonably predicted. Unaudited Consolidated Statements of Operations Three Months Ended Years Ended(in $M, except per share amounts) December 31, 2020 December 31, 2021 December 31, 2020 December 31, 2021 Revenue $1,062 $1,847 $4,851 $6,585 Cost of sales 1,280 1,463 5,563 5,572 Gross profit (loss) (218) 384 (712) 1,013 Operating expenses: Research and development 116 130 476 478 Sales, marketing, general and administrative 136 167 445 595 Total operating expenses 252 297 921 1,073 Impairment charge 21 — 23 — Total other operating charges 21 — 23 — Operating profit (loss) (491) 87 (1,656) (60) Finance expense, net (38) (26) (151) (108) Other income (loss) 13 8 444 (8) Income tax benefit (expense) (8) (26) 12 (78) Net income (loss) (524) 43 (1,351) (254) Earnings (loss) per share: Basic $(1.05) $0.08 $(2.70) $(0.50) Diluted $(1.05) $0.08 $(2.70) $(0.50) Shares used in earnings (loss) per share calculation Basic 500 522 500 506 Diluted 500 540 500 506 Unaudited Consolidated Statements of Financial Position (in $M) December 31, 2020 December 31, 2021 Assets: Cash and cash equivalents $908 $2,939 Receivables, prepayments and other 1,159 1,231 Inventories 920 1,121 Current assets 2,987 5,291 Deferred tax assets 444 353 Property, plant, and equipment, net 8,226 8,713 Other assets 665 671 Noncurrent assets 9,335 9,737 Total assets $12,322 $15,028 Liabilities and equity: Current portion of long-term debt $382 $297 Other current liabilities 1,514 2,866 Current liabilities 1,896 3,163 Noncurrent portion of long-term debt 1,956 1,716 Other liabilities 1,228 2,116 Noncurrent liabilities 3,184 3,832 Stockholders’ equity: Common stock/additional paid-in capital 11,718 23,498 Accumulated deficit (15,219) (15,469) Loan from shareholder and other1 10,743 4 Total liabilities and equity $12,322 $15,028 1On October 3, 2021, GF executed the conversion of the entire Shareholder Loans balance of $10.113 billion under our loan facilities with Mubadala Investment Company PJSC into additional paid-in-capital, which did not have an impact on shares outstanding or have any dilutive effects, as no additional shares were issued. Unaudited Consolidated Statements of Cash Flows Three Months Ended Years Ended(in $M) December 31, 2020 December 31, 2021 December 31, 2020 December 31, 2021 Cash flows from operating activities: Net income (loss) $(524) $43 $(1,351) $(254) Depreciation and amortization 626 419 2,523 1,619 Finance expense, net 38 26 151 108 Deferred income taxes 14 40 (38) 93 Other non-cash operating activities (51) (9) (338) 43 Net change in working capital 98 629 59 1,230 Net cash provided by operating activities 201 1,148 1,006 2,839 Cash flows from investing activities: Purchases of property, plant, equipment, and intangible assets (203) (649) (592) (1,766) Other investing activities 126 23 226 316 Net cash used in investing activities (77) (626) (366) (1,450) Cash flows from financing activities: Proceeds from issuance of equity instruments — $1,444 — $1,444 Repayments of shareholder loan (137) — (487) (568) Repayment of debt, net (248) (72) (556) (343) Other financing activities 38 27 310 117 Net cash provided by (used in) financing activities (347) 1,399 (732) 650 Effect of exchange rate changes 3 (1) 3 (8) Net change in cash and cash equivalents (221) 1,920 (89) 2,031 Cash and cash equivalents at the beginning of the period 1,129 1,019 997 908 Cash and cash equivalents at the end of the period $908 $2,939 $908 $2,939 Unaudited Reconciliation of IFRS to Adjusted Non-IFRS Three Months Ended Years Ended(in $M)December 31, 2020 September 30, 2021 December 31, 2021 December 31, 2020 December 31, 2021 Gross profit (loss)$(218) $300 $384 $(713) $1,013 Share based compensation — $6 $13 — $55 Adjusted gross profit (loss)$(218) $306 $397 $(713) $1,068 Operating profit (loss)$(491) $52 $87 $(1,656) $(60) Share based compensation — $29 $55 $1 $228 Adjusted operating profit (loss)$(491) $81 $142 $(1,655) $168 Net income (loss)$(524) $5 $43 $(1,351) $(254) Share based compensation — $29 $55 $1 $228 Adjusted net income (loss)$(524) $34 $98 $(1,350) $(26) Earnings per share (EPS)$(1.05) $0.01 $0.08 $(2.70) $(0.50) Share based compensation$0.00 $0.06 $0.10 $0.00 $0.45 Adjusted earnings (loss) per share$(1.05) $0.07 $0.18 $(2.70) $(0.05) Unaudited Reconciliation of Net Income (Loss) to Adjusted EBITDA Three Months Ended Years Ended(in $M) December 31, 2020 September 30, 2021 December 31, 2021 December 31, 2020 December 31, 2021 Net income (loss) for the period $(524) $5 $43 $(1,351) $(254) Adjustments: Depreciation and amortization $626 $415 $419 $2,523 $1,619 Finance expense $38 $28 $28 $154 $114 Income tax expense (benefit) $8 $22 $26 $(12) $78 Share based compensation — $29 $55 $1 $228 Restructuring and corporate severance programs $11 $2 $5 $16 $17 (Gains) on transactions, legal settlements and transaction expenses $7 $4 $8 $(356) $46 Adjusted EBITDA $166 $505 $584 $976 $1,848 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, adjusted operating profit, 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 EPS as adjusted net income (loss) divided by the dilutive shares. We define adjusted EBITDA as net income (loss), excluding the impact of interest expense, tax expense, depreciation, amortization adjusted for 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 are useful in evaluating our business and the underlying trends that are affecting our performance. 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. These adjusted non-IFRS measures are used by both our management and our board of directors, together with the comparable IFRS information, in evaluating our current performance and planning future business activities. We believe that these adjusted non-IFRS measures, when used in conjunction with our IFRS financial information, also allow investors and users of our financial statements to better evaluate our financial performance in comparison to other periods and to other companies in our industry. However, 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. Our results are preliminary prior to the filing of form 20-F. Conference Call and Webcast Information GF will host a conference call with the financial community on Tuesday, February 8, 2022 at 4:30 p.m. U.S. Eastern Standard Time (EST) to review the Fourth Quarter and Full Year 2021 results in detail. Interested parties may join the scheduled conference call by dialing the following numbers: Within the U.S.:1-877-788-0411Outside the U.S.:1-615-489-8522Participant Passcode:8285067 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 express and implied “forward-looking statements,” including but not limited to, statements regarding our financial outlook, future guidance, product development, business strategy and plans, and market trends, opportunities and positioning. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations 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 number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, our business could be impacted by the COVID-19 pandemic and actions taken in response to it; 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 listed in our SEC filings. 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]
An Inside Look at GF’s Fab 7 in Singapore January 26, 2022 With our talented and diverse workforce and at-scale manufacturing footprint spanning the U.S., Europe and Asia, GlobalFoundries (GF) is a trusted technology source to our customers around the world. While all of our advanced manufacturing facilities, or fabs, are dedicated to delivering the feature-rich chips that are pervasive in everyday life and vital to the global economy, each GF fab is unique and offers its own advantages and opportunities. To get an insider’s look into our global manufacturing operations, Foundry Files will be profiling each of our manufacturing sites over the course of this year. To launch the series, we sat down with Yew Kong Tan, Vice President and General Manager of GF Singapore, who also oversees Fab 7’s manufacturing operations. Hello Yew Kong, and thank you for taking the time to speak with us. My pleasure. Can you please tell us what GF manufactures at Fab 7? We build and test a wide array of feature-rich radio frequency (RF), embedded memory and analog and power solutions at Fab 7. They are based on diverse semiconductor technologies ranging from the 130nm to 40nm nodes. What we produce is used in smartphones, automotive systems, Internet of Things (IoT) and other applications which are growing fast as the world becomes increasingly digitized. These chips enable features we depend on every day. From faster and more reliable connections, secure wireless transactions, and crystal-clear audio for smartphones, to high-resolution touchscreens and better power efficiency on our devices, to sensors and safety features in our cars, and much more. What makes Fab 7 unique among GF’s worldwide fabs? We work with more technologies than any other GF fab, which supports GF’s ability to offer a very wide range of truly differentiated solutions. However, it also brings production challenges. In a given year, Fab 7 will have more than 1,000 different chip designs from around 200 customers in production. This has resulted in high production complexity and requires a high level of skill, talent, and dedication on the part of our team to deliver quality wafers on time consistently. In addition, the overall pace of manufacturing in our industry is increasing. Partly this is due to the COVID-19 pandemic, which has unleashed great demand for electronic systems for remote applications. But it also has to do with today’s shorter chip development cycles. In the past it would take two or three years to develop a new chip, but fast-growing applications like consumer electronics and IoT demand shorter cycles. This results in more products flowing through our fab. What elements are unique to Singapore with respect to our operations there? Water is definitely a constraining factor that is unique to Singapore, because the availability of water on this small island is limited. To help deal with it, we have a sophisticated water recycling capability. With respect to the other resources and items we need for production, our location brings both pluses and minuses. On one hand, given a lack of local suppliers, a lot of our materials must come from overseas, along with high freight charges. On the other hand, given our location we can source many of them in Asia, which is less expensive than flying them in from Europe and the U.S. Business continuity and supply chain resilience are key customer objectives. How does Fab 7 work together with GF’s other fabs to ensure them? Our worldwide manufacturing footprint gives us the ability to produce what our customers need on more than one continent. For example, Fab 7 is transferring certain 55nm and 40nm technology nodes to GF’s Fab 1 in Dresden, Germany, so that customers will have two sources of supply for them from within GF, helping to ensure business continuity. Let’s talk about people. How did you come to be General Manager of Fab 7? I am a 27-year veteran of GF, but when I started in the semiconductor industry in Singapore in the 1990s it was not with GF but with Chartered Semiconductor, a foundry GF later acquired. I joined GF in 1995 at Fab 2 and progressed from the manufacturing to engineering function in lithography. After a few years I was put in charge of lithography, clean tech and chemical-mechanical planarization (CMP). I also spearheaded our printed circuit board repair center which has provided an important cost advantage for the Singapore site till today. I became General Manager of Fab 2 in 2008, then General Manager of our GIGA+ Fab in Singapore in 2013, and then General Manager of Fab 7 in 2019. How competitive is the market for talent in Singapore? There is definitely a worldwide shortage of talent in the semiconductor industry, but what’s particularly relevant to us is that Singapore is a small island. Across all industries and sectors, in Singapore there is a great need for talented employees. Malaysia is a key source of talent for us, but the COVID situation has made things tricky. Before the pandemic people could commute daily between the two countries, but travel is more restricted now. In addition to Malaysia, we have team members from China, the Philippines, India and elsewhere; it’s a very wide range of people coming into Singapore. I am involved with the Singapore Semiconductor Industry Association, which works with the semiconductor ecosystem here. As a group, with support from the Singapore Economic Development Board (EDB), we have been discussing and developing strategies to attract more talent to Singapore. Tell us about the Fab 7 team. COVID has certainly brought major challenges to our workforce, but one of the greatest things about our people is that they are very committed and willing to try new things, and they have risen to the challenge. For example, as the pandemic started to spread in early 2020, I challenged my team to find ways to prepare for the worst. Fab 7 is highly automated, so we require fewer operators on-site compared to many other manual fabs, and I said, let’s develop the ability to use iPads to control and operate our manufacturing line remotely. In March of 2020, as we were preparing this capability together with our IT team, lo and behold, Malaysia announced they were going to lock down. When they made that announcement, they didn’t say it would happen in three months or something like that, they said, “we’re going to lock down tomorrow.” So, one day before the lockdown, our team spent six hours running around Singapore to get 76 iPads. When they got back the iPads were configured immediately and distributed to the people who needed to get back to Malaysia before the border closed down. As a result, we were able to run Fab 7 operations without any delivery impacts to our customers, even as the world shut down. I think that’s amazing. What our people did is truly and wonderfully amazing and unforgettable. Yew Kong, you’ve been doing this a long time. What inspires you to continue innovating and being a leader in our industry? The most interesting thing about this industry is that every day when you come into the office you don’t know what’s waiting for you. Every day there’s something new, which gives you the opportunity to learn new things. That’s what every day is about, and it inspires me to do more. Another very important piece of it is that I work with very talented, committed, dedicated and passionate individuals. I have the privilege to work alongside them every day as we drive toward our goals. We want to achieve best-in-class line yield, die yield, cycle times, and cost. That’s what really motivates me to come to work every day, wanting to do something different and to see our key performance indicators (KPIs) improving year-on-year as a result. It keeps me, and my team, going. ### Yew Kong Tan is Vice President and General Manager of GF Singapore, who also oversees Fab 7’s manufacturing operations. At Fab 7, he leads a workforce of about 1,600 and manages operations to achieve high levels of quality, yield, cost effectiveness, delivery and customer satisfaction in support of GF’s business objectives. He holds an M.S. in mechanical engineering from the University of Wisconsin-Madison.
Vermont Partnership Advances Use of Green Hydrogen as Clean Fuel of the Future January 20, 2022The promise of a hydrogen economy and a clean energy future is taking a step forward with an innovative project that will take shape at GlobalFoundries (GF), thanks to a partnership with Vermont Gas Systems, Inc. (VGS) and the University of Vermont. The initiative was announced today by the partnership members.
New trainee blog January 6, 2022 Hello and welcome to our new trainee blog. A good four months have now passed since the start of training in September, so this is a good time for a little review. As expected, the first few weeks were full of new impressions. Just like the other eleven future microtechnologists, I met a lot of nice people, saw the inside of a clean room for the first time (impressive!) and soaked up a whole lot of knowledge. We have understood at least the basics of how a chip is manufactured and how it works – at least I think so. Hopefully in two and a half years we will all be ready to graduate and give our colleagues in the factory a helping hand. From now on we will report regularly about the experiences during the training. See you soon! Your Alex
Expansion, Innovation, and Growth at GF: Top 10 Stories from 2021 December 24, 2021 GlobalFoundries® (GF®) has never had a year quite like 2021. From major manufacturing expansion announcements, to collaborating with world-leading partners to redefine innovation for automobiles and smartphones, to making our stock market debut, this was a year to remember. As we prepare to say goodbye to 2021, we have collected the top GF stories of the year. Setting a Higher Bar for Sustainability Building upon our longstanding commitment to environmentally responsible manufacturing and operations, this year GF announced the Journey to Zero Carbon initiative. The goal of Journey to Zero Carbon is to reduce GF’s total greenhouse gas emissions by 25% by 2030, as the company expands its global manufacturing capacity. As our CEO Tom Caulfield said: ” … Journey to Zero Carbon is the natural next step for us to take. It’s the right thing do to – for our business, for our global team, and for our planet.” Along with doubling down on sustainability in our own operations, the semiconductor solutions we manufacture are enabling our partners and customers to achieve their own sustainability and efficiency goals. Our blog post, GF Technologies Enable a More Sustainable, More Efficient World, brings this story to life. Leaning into Diversity and Inclusion GF has one of the most diverse workforces of any semiconductor manufacturer, and we know this is a competitive advantage for our company. One of the ways we foster a culture of diversity and inclusion is by creating an environment of trust, and providing a structure that honors what makes us different so we can most effectively collaborate on our shared goals. Employee Resource Groups, or ERGs, are a critical part of the structure we have in place to empower our team and celebrate the diversity of our workforce. These voluntary, employee-led groups create a space for individuals of a similar interest, culture, or experience to support and connect professionally and personally. This year GF employees launched three new ERGS: Asian Society for Inclusion and Awareness; Pride at GF; and Unidos. Together with Black Resource Affinity Group (BRAG), GlobalWomen, GlobalFamilies, and other groups, these ERGs connect the GF community, strengthen our team, and help position our company for continued success. If you missed our blog post on GF’s ERGs, click here to hear from ERG members about their experiences. Be sure to also check out our blog posts on GF’s celebrations of Women’s History Month and Black History Month. Inaugural GF Technology Summit Coinciding with GF’s new corporate brand (spoiler alert for no. 5 on this list!) was a new name for our longstanding GTC industry event. The 2021 GF Technology Summit encompassed four global events, and our 750+ attendees from countries around the world joined presentations, keynotes, and panel discussions featuring our incredible partners and customers, GF leaders, and other guests. Click here to view the replays of many of these sessions. At the event, we announced a portfolio of new features that extend our solutions roadmap and accelerate the next wave of innovation in chip design for smart mobile devices, datacenter, IoT and automotive. Check out the buzz from the event on Twitter, and don’t miss the series of blog posts that dive deeper into our announcements: For auto industry, innovation is GlobalFoundries’ ace in the hole GF innovation is moving data at light speed GF innovation opens the door to new era of more in smartphones Internet of Things reaches historic milestone Redefining Semiconductor Innovation GF believes that semiconductor manufacturing innovation is about making chips smarter, not just smaller. We work closely with our customers and partners to develop and manufacture the feature-rich chips that are pervasive throughout people’s lives, and which provide performance vital to many growing markets. In the words of our CEO Tom Caulfield, we “make the chips in many of your favorite electronics more connected and secure, more intelligent and intuitive, more powerful and power efficient.” This innovation was on full display in 2021, as we made announcements about how GF chips are helping our customers push the envelope of technology: We partnered with Compound Photonics to manufacture the world’s first monolithic microdisplay for real-time augmented reality applications. Our partnership with PsiQuantum achieved a world-first manufacturing milestone on the path to delivering a commercially viable quantum computer with one million qubits. We also announced a partnership with Raytheon to develop and commercialize a new gallium nitride on silicon semiconductor that will enable game-changing radio frequency performance for 5G and 6G mobile and wireless infrastructure applications. For a peak into how innovation happens at GF, don’t miss our blog posts featuring a Q&A with GF Master Inventors Yan Ping Shen and Shesh Mani Pandey, as well as blog posts about the research and develop happening in partnership with world-leading academics as part of GF’s University Partnership Program: Academic Collaborations Strengthen, Hasten GF’s Path to 6G Leadership GF Drives Progress in Next-Generation Automotive Radar Putting the “Smart” in Smartphones Nearly every wireless call, text, email, photo or video, either taken or watched on smartphones in the last few years, was made possible through chips manufactured around the globe at GF. This is no accident: for years, we have been helping smartphone manufacturers overcome the toughest challenges necessary to meet the growing expectations of consumers. This year was no exception. In September we announced an agreement with Qualcomm to deliver advanced 5G RF front-end products. As GF’s Dr. Bami Bastani put it: “Our strong collaboration with Qualcomm Technologies includes sub-6 GHz to unlock everyday access to 5G, and cutting-edge mmWave technology to take 5G to the next level” by delivering unmatched data speeds while continuing to provide the longest possible battery life for smartphones and many other 5G-connected devices. Read top tech analyst Pat Moorhead’s recap of the announcement here. And at the 2021 GF Technology Summit, we announced the addition of exciting new features for our RF SOI solutions, which enable our customers to provide stronger and more reliable 5G connections. GF Unveils New Brand In July, GF introduced its new brand to the world. The new brand is the culmination of GF’s decade-plus journey, and embodies GF’s role as one of the world’s leading semiconductor manufacturers. Retaining GF’s signature orange color and augmenting it with a bold new logo and visual imagery, the new brand identity is reflective of GF’s vital role in the global economy and our commitment to redefining innovation and semiconductor manufacturing. Sorry, this video requires cookie consent. Please accept marketing-cookies to watch this video. Be sure to check our blog post A New GF Brand for a New Era of More, and the Wall Street Journal article, Chip Maker GlobalFoundries Revamps Brand Amid Global Chip Shortage, for the story and development of the new GF brand. Navigating the Chip Shortage Semiconductor supply chain constraints, often referred to as the “chip shortage,” made headlines across the world throughout 2021. GF CEO Tom Caulfield played an outsized role in this global discussion. In his frequent interviews on CNN, Bloomberg, CNBC, and other news outlets, he helped create awareness and foster understanding of the chip shortage, the intense spotlight it put on our industry, and on just how critical semiconductors are to the $91T world economy. Tom also shared the many ways in which GF was taking action (see no. 3 below) to meet the moment and grow our global capacity to manufacture more of the feature-rich chips that have become the drivers of technological and economic growth. Throughout the year, Tom participated in a trio of White House summits, speaking with U.S. President Joe Biden, Secretary of Commerce Gina Raimondo and other Administration officials, and urging them to take bold action and help pave the way toward U.S federal investment in chip manufacturing to create jobs, shore up the supply chain, and increase the capacity of U.S.-made semiconductors. Expanding our Global Manufacturing Footprint In 2021, amidst unprecedented global demand for feature-rich semiconductors, GF announced it was expanding manufacturing capacity at its sites globally. GF broke ground in June on the construction of a new fab at our Singapore campus. In partnership with the Singapore Economic Development Board and with co-investments from committed customers, GF announced an investment of more than $4 billion to add capacity for 450,000 wafers per year, bringing GF’s Singapore campus up to approximately 1.5 million wafers per year. In July we hosted the first GF Executive Summit at Fab 8 in Malta, New York, which convened leaders from government and industry to advance the national discussion around solving U.S. semiconductor supply chain challenges. CEO Tom Caulfield was joined by U.S. Senate Majority Leader Chuck Schumer, U.S. Secretary of Commerce Gina M. Raimondo, former Pentagon officials, and executives from leading companies throughout the semiconductor supply chain. At the summit, GF announced $1 billion in immediate investments to address the global chip shortage and add capacity to manufacture an additional 150,000 wafers per year at Fab 8. Sharing the stage with Sen. Schumer and Sec. Raimondo, CEO Tom Caulfield also announced plans were underway for GF to construct of a new fab on the Malta, N.Y., campus that will double the site’s capacity, using the same bold public-private partnership in close collaboration customers that fueled the expansion in Singapore. GF also announced a $1 billion planned investment in Germany to grow the capacity of our Dresden facility, where in July our CEO hosted German Economics Minister Peter Altmaier. There is so much excitement at GF around these expansions. As Tom put it: “Our industry is expected to grow more in the next decade than it did in the past 50 years and GF is stepping up to do its part as we work together to address the growing demand for technology innovation for the betterment of humanity.” Driving Innovation in Automotive GF is becoming the semiconductor foundry of choice for the world’s top vehicle-makers and their suppliers, in part because of the innovation we are bringing to the emerging auto trends of autonomous driving, connectivity, and electrification. Read more about this in our blog post: For Auto Industry, Innovation is GlobalFoundries’ Ace in the Hole. As shown in no. 3 above, GF is pioneering a new economic model for our industry, based on long-term partnerships that help to ensure predictability, repeatability, and sustainability for both GF and our customers. Amidst the global chip shortage, these partnerships and alignment has never been more vital. Throughout 2021, partnerships with automotive manufacturers and suppliers were prominent: GF and Ford announced a strategic collaboration to address advanced semiconductor manufacturing and technology development within the United States, aiming to boost chip supplies for Ford and the U.S. automotive industry BMW announced an agreement with GF to both build a more secure and resilient supply-chain partnership, and to accelerate technology development supporting the next generation of automotive innovation. The automotive supply chain was also a focus of Volkswagen leader Murat Akselat’s featured talk at the 2021 GF Technology Summit. GF and Bosch would partner to develop and manufacture next-generation automotive radar technology for Advanced Driver Assistance Systems (ADAS) applications, manufactured using GF’s 22FDX™ RF solution. There is an open road of opportunity for further semiconductor innovation in automotive. As SVP Mike Hogan said, GF is laser-focused on creating new technologies for the car of tomorrow and “committed to building stronger relationships with the automotive industry to deliver innovation and address the growing demand for feature-rich chips.” GF Launches IPO An extraordinary milestone in GF’s history took place on October 28, when shares of GFS started trading on the Nasdaq stock exchange. In fact, GF was one of Nasdaq’s largest IPOs of the year and the largest semiconductor IPO ever. Being a public company positions GF to further innovate and partner with customers to deliver semiconductors for humanity. From ringing the opening bell at Nasdaq, to celebrations at our Fabs and sites around the world, to GF team members having their photos displayed in Times Square, to our CEO Tom Caulfield appearing on CNN and many other news outlets to discuss GF and our IPO, to incredible engagement from our employees, investors, customers, and partners – it was day none of us are likely to forget. Thank you for reading our list Top 10 Stories from 2021! Wishing you happy holidays, a fantastic new year, and we’ll see you back on the Foundry Files in 2022!
GlobalFoundries Announces Extension of AMD Wafer Supply Agreement to Guarantee Supply December 23, 2021Malta, New York December 23, 2021– GlobalFoundries Inc. (Nasdaq: GFS) (GF), a global leader in feature-rich semiconductor manufacturing, today announced that it hasagreed to amend its Wafer Supply Agreement (WSA) with AMD to increase the volume of chips GF will supply as well as extend the terms of the agreement to secure supply through 2025. The agreement also expands the breadth of the partnership, including supply assurance for AMD chips serving the datacenter, personal computing, embedded and other growth markets. GF has been manufacturing high-performance chips for AMD for more than 12 years, and this new agreement extends this long-standing partnership to ensure supply for AMD’s growing business. With this agreement, AMD now expects to purchase approximately $2.1 billion of wafers from GF between 2022 and 2025. “We have been working closely with our customers for more than a year to help address the ongoing supply-demand imbalance in our industry,” said Tom Caulfield, GF CEO. “Our amended agreement with AMD is a prime example of our customers’ desire and willingness to secure long-term supply. This agreement not only increases the volume of chips we will be producing for AMD, it also secures and extends their supply through 2025.” The global demand for semiconductors is growing at an unprecedented rate, and GF is responding to this growththrough a series of strategic long-term agreements with existing and new customers and simultaneously expanding global capacity to meet customer demand. 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. Forward-Looking Statements 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. Contacts: Erica McGill GlobalFoundries 518-795-5240 [email protected]
格芯(GF)的扩张、创新和发展：2021年的十大报导 December 23, 2021 2021年对格芯来说是前所未有的一年。从重大的产能扩张公告，到与全球领先的合作伙伴合作，重新定义汽车和智能手机领域的创新，再到我们的IPO，这一年是值得纪念的一年。 值此挥别2021年之际，我们汇总了格芯年度最佳报导。 为可持续发展设定更高的标准 基于我们在生产运营过程中的环境责任方面的长期承诺，今年格芯宣布了“零碳之路”计划。“零碳之路”的目标是：在格芯扩充全球产能的同时，到2030年实现公司温室气体总排放减少25%。正如格芯首席执行官Tom Caulfield所说： “……‘零碳之路’是我们即将采取的下一个举措。对于我们的企业、我们的团队及至我们生活的地球而言，这都是正确的做法。” 除了加倍提高我们自身运营的可持续性，我们制造的半导体解决方案还能够帮助我们的合作伙伴和客户实现其可持续性和效率目标。我们的博客文章《格芯技术助力打造高效可持续发展的世界》对此进行了详细说明 提升多元化和包容性 格芯拥有半导体制造商中颇具多元化的员工队伍，而且我们也清楚这是公司的一大竞争优势。我们培养多元化和包容性文化，其中一种方法就是：营造信任的环境，并提供尊重差异的结构，这样我们就能够以最有效的方式携手实现我们的共同目标。 员工资源小组(ERG)是我们现有结构的关键组成部分，旨在为我们的团队提供支持，并庆祝我们员工的多元化。这些小组秉持自愿原则并以员工为主导，为拥有类似兴趣、文化或经历的个人创造了一个空间，让他们能够在专业上和私下相互支持和联系。 今年，格芯组建了三个新的ERG：亚洲包容与意识协会(ASIA)；Pride at GF和Unidos。这些ERG与黑人亲和力团体(BRAG)、GlobalWomen、GlobalFamilies以及其他小组一起组成格芯社区，增强我们的团队，并帮助我们的公司不断取得成功。 如果您错过了我们关于格芯ERG的博客文章，请单击这里聆听ERG成员的经验之谈。另请查看有关格芯庆祝妇女历史月和黑人历史月的博客文章。 首届格芯技术峰会 与格芯的新企业品牌（剧透警告：此列表中第5个！）相呼应的是我们GTC行业活动的新名称。2021年格芯技术峰会（GTS）共有四场全球活动，来自世界各地的750多名与会者参加了演讲、主题演讲和小组讨论，与会者包括我们出色的合作伙伴和客户、格芯领导者和其他嘉宾。点击此处可以观看许多会议的重播。 在峰会上，我们宣布推出了一系列新功能，这些功能扩展了我们的解决方案路线图，并加快推动了智能移动设备、数据中心、物联网和汽车芯片设计的下一波创新浪潮。 请关注Twitter上的活动消息，不要错过有助于您深入了解我们公告的一系列博客文章： 对汽车行业而言，创新是格芯(GF)的王牌 格芯(GF)创新实现数据光速传输 格芯(GF)创新为智能手机行业开创更加广阔的新纪元 物联网达到历史性的里程碑 重新定义半导体创新 格芯认为，半导体制造的创新是让芯片更智能，而不仅仅是尺寸更小。我们与客户和合作伙伴密切合作，开发和生产功能丰富的芯片，这些芯片在人们的生活中无处不在，并为许多不断发展的市场提供至关重要的性能。 用我们公司首席执行官Tom Caulfield的话来说：我们“让大家最喜爱的电子产品中的芯片更互联、更安全、更智能、更直观、更强大也更节能。” 这项创新在2021年得到了充分展示，在这一年，我们宣布了格芯芯片如何帮助客户推动技术发展： 我们与Compound Photonics携手制造了全球首款用于实时增强现实应用的单芯片微显示器。 我们与PsiQuantum的合作达成了第一个制造里程碑，旨在提供具有百万量子比特的商用量子计算机。 我们还宣布与Raytheon合作开发新型硅基氮化镓(GaN-on-Si)半导体并实现其商业化。这种半导体将为5G和6G移动及无线基础设施应用带来颠覆性的射频性能。 要想深入了解格芯如何进行创新，请关注以与格芯发明大师Yan Ping Shen和Shesh Mani Pandey的问答为主的博客文章，以及通过格芯大学合作伙伴项目与重要学术机构合作进行的研发相关博客文章。 与学界合作助力格芯加快奠定6G领先地位 格芯推动新一代汽车雷达发展 让智能手机更“智能” 在过去几年里，几乎所有的无线通话、短信、电子邮件，以及在智能手机上拍摄或观看的照片或视频，都是通过格芯全球工厂制造的芯片来实现的。这并非偶然：多年来，我们一直在帮助智能手机制造商克服种种严峻的挑战，以满足消费者不断提高的期望。 今年也不例外。今年9月，我们与高通签署了协议，提供先进的5G射频前端产品。正如格芯(GF)的Bami Bastani博士所说：“我们与高通在6 Ghz以下技术和先进的毫米波技术方面展开密切合作，前者能够实现5G的日常使用，后者通过提供超快的数据速度，同时继续为智能手机和许多其他5G互联设备提供尽可能长的电池续航时间，将5G性能提升到新的高度。”点击此处阅读顶级技术分析师Pat Moorhead的公告回顾。 在2021年格芯技术峰会上，我们宣布了为RF SOI解决方案增加一些令人兴奋的新功能，使我们的客户能够提供更强大、更可靠的5G连接。 格芯推出新品牌 今年7月，格芯推出了自己的全新品牌。这个新品牌是格芯十几年发展之旅的巅峰，也是格芯作为世界领先半导体制造商的化身。 新品牌标识保留了格芯标志性的橙色，并增加了大胆的新徽标和视觉形象，反映了格芯在全球经济中的重要作用，以及我们致力于重新定义创新和半导体制造的承诺。 Sorry, this video requires cookie consent. Please accept marketing-cookies to watch this video. 请务必查看我们的博客文章《新的格芯品牌，开创更加广阔的新纪元》，以及华尔街日报文章《芯片制造商格芯在全球芯片短缺的情况下重塑品牌》，以了解格芯新品牌的故事和发展。 应对芯片短缺挑战 2021年，半导体供应链限制（通常称为“芯片短缺”）成为全球各地的头条新闻。格芯首席执行官Tom Caulfield在此次全球讨论中发挥了重要作用。 他频繁接受CNN、彭博社、CNBC和其他新闻媒体的采访，帮助人们建立了对芯片短缺的认识和理解，使我们的行业备受关注，并使人们认识到半导体对价值91万亿美元的世界经济有多么重要。 Tom还分享了格芯采取的许多方法（参见下文第3条），以满足时代发展需要，并提高我们的全球产能，从而生产出更多功能丰富的芯片，推动技术和经济发展。 今年，Tom参加了三次白宫峰会，有幸与美国总统Joe Biden、商务部长Gina Raimondo以及其他政府官员对话，说服他们采取大胆行动，为美国联邦政府投资芯片制造业铺平道路，从而助力创造就业机会、支撑供应链，并提高美国半导体制造产能。 扩大全球制造规模 2021年，全球对功能丰富的半导体芯片的需求空前高涨，在此环境下，格芯宣布将扩大其全球工厂的产能。 今年6月，格芯开始在新加坡园区建造新晶圆厂。格芯宣布与新加坡经济发展局携手合作，同时在忠实客户的共同投资下，将投资40多亿美元，以实现每年增加450,000个晶圆的产能，使新加坡园区的产能提升至大约每年150万片晶圆。 今年7月，我们在纽约州马耳他的Fab 8举行了首届格芯高层峰会，邀请了来自政府和行业的领导者参会，围绕解决美国半导体供应链挑战的话题推进了全国性讨论。首席执行官Tom Caulfield与美国参议院多数党领袖Chuck Schumer、美国商务部长Gina M. Raimondo、前五角大楼官员以及来自整个半导体供应链的各大公司高管一起参加了会议。 在峰会上，格芯宣布将立即投资10亿美元，以应对全球芯片短缺问题并增加产能，每年在Fab 8制造150,000个晶圆。在与参议员Schumer和商务部长Raimondo进行讨论时，首席执行官Tom Caulfield还宣布格芯计划在纽约州马耳他园区新建一个晶圆厂，这将使该园区的产能翻番，同时与新加坡晶圆厂扩建一样，采用大胆的公私合作伙伴关系与客户保持密切合作。 格芯还宣布计划在德国投资10亿美元，扩大德累斯顿工厂的产能。今年7月，我们的首席执行官在德累斯顿工厂接待了德国经济部长Peter Altmaier。 关于这些扩张，格芯还有很多令人兴奋的消息。正如Tom所说：“我们行业未来10年的增长预计要超越过去50年，在共同努力满足人类对技术创新日益增长的需求方面，格芯将发挥更大的作用。” 推动汽车行业的创新 格芯正在成为世界领先汽车制造商及其供应商的首选半导体晶圆厂，部分原因是我们为自动驾驶、连通性和电气化等汽车行业的新兴趋势带来了创新。如需了解更多相关内容，请阅读以下博客文章：对汽车行业而言，创新是格芯(GF)的王牌。 如上文第3条所示，格芯正在为行业开创一种新的经济模式，这种模式依托长期合作，有助于确保格芯和我们客户的可预测性、可重复性和可持续性。在全球芯片短缺的背景下，这些合作和契合变得极为重要。 2021年，与汽车制造商及供应商的合作发挥了重要作用： 格芯和福特宣布达成战略合作，以解决美国国内先进半导体制造和技术发展问题，旨在增加福特和美国汽车行业的芯片供应量。 宝马宣布与格芯达成协议，携手建立更安全、更有弹性的供应链合作伙伴关系，并加速支持下一代汽车创新的技术开发。 汽车供应链也是2021年格芯技术峰会上大众领导人Murat Akselat主题演讲关注的重点。 格芯和博世将合作开发和制造面向高级驾驶辅助系统(ADAS)应用的新一代汽车雷达技术产品，该产品将使用格芯的22FDX™ RF解决方案进行生产。 在汽车领域，我们有非常多的机会进一步进行半导体创新。正如高级副总裁Mike Hogan所说，格芯专注于创造面向未来汽车的新技术，并“致力于与汽车行业建立更牢固的关系，向汽车行业提供创新，并满足该行业对功能丰富的芯片日益增长的需求。” GF Launches IPO 10月28日，GFS的股票开始在纳斯达克股票交易所上市交易，这在格芯历史上是一个非同寻常的里程碑。事实上，格芯是今年纳斯达克股票市场上最大IPO之一，也是有史以来最大的半导体IPO。 作为一家上市公司，格芯将进一步创新，并与客户合作，为人类提供半导体产品。 从纳斯达克股票市场的开市钟声响起，到全球晶圆厂和工厂举行庆祝，到格芯团队成员在时代广场展示其照片，到我们的首席执行官Tom Caulfield出现在CNN及许多其他新闻媒体上讨论格芯及其IPO，再到我们的员工、投资者、客户以及合作伙伴都表现出令人难以置信的投入，这一天是我们大家都不会忘记的一天。 感谢大家阅读我们列出的“2021年十佳报导”！祝大家节日愉快，我们将在2022年晶圆厂文件中再见！
Europe’s largest semiconductor manufacturer GlobalFoundries is modernizing its energy supply December 16, 2021 Dresden, December 16, 2021. GlobalFoundries® (GF®) is modernizing its energy supply. The goal is to reduce costs and environmental impact while improving operational resiliency at its Fab 1 in Dresden, at the heart of Europe’s leading microelectronics cluster. The multi-year project is an important contribution to the company’s global efforts towards sustainability and efficiency. Upon completion of the project, the Energy Supply Center (EVC) will require 30 percent less natural gas than current operations. This should reduce greenhouse gas emissions by around 25 percent. In the course of a year, the EVC should then achieve an average overall efficiency of over 90 percent – that is up to 15 percent more than the most modern grid power plants achieve today. In this project, GF is working together with the largest East German energy supplier, SachsenEnergie AG (SE), based in Dresden. As a regional leader in the energy industry, SE contributes its know-how in the field of energy supply technology in the form of planning, conversion and operational management of the EVC. The planning and approval processes have begun, and the project is scheduled for completion in 2027. Most modern energy supply center in Europe The modernization of the existing energy supply system is carried out parallel to ongoing production operations. After completion, the EVC will be one of the most modern of its kind in Europe. Together with SachsenEnergie, GF opted for a combined heat, power and cooling plant using natural gas as the primary energy source. In addition, the new EVC makes it possible to use alternative energy sources such as hydrogen. By the end of 2027, the GF Dresden site should be completely energy self-sufficient and independent of the public power grid. A Contribution to the Journey to Zero Carbon Initiative “In the course of the capacity expansion of Fab 1, the modernization of our energy supply is one of the most important projects for GF Dresden,” says Dr. Manfred Horstmann, Vice President and General Manager of GlobalFoundries Dresden. “This project makes a significant contribution to our company-wide Journey to Zero Carbon initiative, which aims to reduce total greenhouse gas emissions by 25 percent between 2020 and 2030.” dr Frank Brinkmann, CEO of SachsenEnergie, thanks for the trust in a strong partnership: “We are very pleased to intensify the trusting, long-term cooperation with GlobalFoundries and with the new energy supply center to be built for GlobalFoundries, the security of supply at the highest technical standard with high-quality electricity for to provide the semiconductor industry. SachsenEnergie sees itself as a designer of an intelligent energy transition and as a partner to the industry. With the modernization and further expansion, together we are making the semiconductor location Dresden future-proof, greener and strengthening the attractiveness of the business location in the heart of Saxony.” In addition, SachsenEnergie is driving the energy turnaround in Dresden and East Saxony by building new and modernizing its own power plants and increasing the construction of renewable energy systems such as solar thermal and wind power plants. World market leader for function-rich semiconductors GlobalFoundries Dresden, one of the company’s five production sites worldwide and the engine of the German microelectronics cluster, employs more than 3,200 people. GF is a global leader in the manufacture of feature-rich semiconductors. The chips are manufactured on semiconductor wafers in highly complex processes in a particle-free clean room. Technical highlights: In order to achieve 100 percent failsafety, the systems have a modular and redundant structure. In addition, the recooling system for the new power supply will be converted to a closed system. This reduces the amount of water needed and allows for a significant reduction in effluent from the EVC. Energy requirements of the GF Fab in Dresden (uninterrupted 365 days a year): 1 terawatt hour; from that Electrical energy requirement: 500 gigawatt hours (corresponds to the electricity requirement of approx. 125,000 households in Germany)Demand for energy for heating and especially cooling: 500 gigawatt hours Effects after modernization: Reduction of greenhouse gases by at least 100,000 tons per year80 percent less water consumption and waste water discharge with EVC Unique at GF Dresden: Use of almost 100 percent of the waste heat from natural gas engines by converting it into heating and cooling energy and using the Organic Rankine Cycle (ORC) process Other special features: GF operates fully air-conditioned clean rooms, as even minimal fluctuations in humidity and temperature affect production.To support the cooling of the waste heat generated during production, GF uses the largest ice storage facility in Europe. It is used to cover peak loads and to store energy. In the course of modernization it will be further expanded. Information on GF and climate protection: a) Information on the reduction of total greenhouse gas emissions: GlobalFoundries Sets “Journey to Zero Carbon” Goal to Reduce Greenhouse Gas Emissions by 25% while Expanding Global Manufacturing Capacity | GLOBALFOUNDRIES (gf.com) b) Sustainability at GlobalFoundries: Environmental sustainability is imperative | GLOBALFOUNDRIES (gf.com) Contact: Jens DrewsDirector Communications GlobalFoundries DresdenEmail: [email protected] Phone: +49 351 277-1010Mobile: +49 172 3552369Nora WeinholdPress and Media SpokeswomanSachsenEnergieEmail: [email protected]Tel.: +49 351 468-3671Mobile: +49 174 1502935
