SEMICON West

June 8-11, 2024
San Francisco, Moscone Center

Monday, July 8

3:45pm PDT
Location:  Julia Morgan Ballroom (15th Floor)

Keynote and Expert Talks
Fireside Chat: Isabelle Ferain – VP Product Development Engineering, GlobalFoundries


Tuesday, July 9

8:30am – 3:30pm PDT
Location: Keynote Stage, North Hall, Room 24

CEO Summit: Investing in America’s Manufacturing Future
Fireside Chat: Dr. Thomas Caulfield, President and CEO, GlobalFoundries

1:00pm – 2:00pm PDT
Location: South Hall, Expo Floor, Smart Manufacturing Pavilion Stage

CXO Panel: Can AI/Gen AI + Digital Twin Transform Semiconductor Manufacturing?
Panelist: Pradip Singh, Chief Manufacturing Officer, GlobalFoundries


Wednesday, July 10

2:20pm – 3:20pm PDT
Location: Keynote Stage, North Hall, Room 24

Beyond Tier Mapping – Creating a Robust and Resilient Supply Chain Risk
Panelist: Roger Kao, Vice President, Global Supply Management, GlobalFoundries

GSA European Executive Forum

June 18 & 19, 2024
Munich, Germany

Industry Outlook – Fireside Chat

Moderator:

  • Luc Van den hove, President and CEO, imec  

Participants:

  • Kurt Sievers, President & CEO, NXP
  • Dr. Thomas Caulfield, President & CEO, GlobalFoundries

Driving Automotive Innovation on the Semiconductor Superhighway 

GlobalFoundries’ Next-Generation Technology Will Shape What’s Essential in the Auto Industry 

Today’s vehicles are marvels of integrated technology—an intelligent edge device on wheels. Look under the hood, and it’s likely you’ll find a semiconductor born in one of GF’s global manufacturing facilities. 

The shift from traditional combustion engines to autonomous, connected, and electrified (ACE) vehicles—and eventually to Software Defined Vehicles (SDVs)—is a giant technological stride. And GF’s 12LP+ AutoPro150 platform is precisely engineered to fuel this transition. 

The Evolution of Automotive Performance 

From self-driving features to efficient power management and central controls, the modern car is experiencing an explosion of advancements in user experience, safety, and connectivity—all while moving toward zero emissions. With 15 years of expertise in automotive solutions, GF has been pivotal in this evolution. 12LP+ AutoPro150 not only meets these complex demands but is built to withstand the rigors of automotive operation—engineered to perform reliably even at the high temperatures of up to 150 degrees Celsius. 

Power, Performance, Area: The Core of 12LP+ AutoPro150 

In automotive electronics, three factors are crucial: power, performance, and the area—or PPA. 12LP+ AutoPro150 excels in all three, offering a 16% boost in performance and slashing power consumption by 32% over our prior 12LP models. This puts it miles ahead of older 16nm technologies, packing more power into a smaller space with enhanced efficiency. 

Unleashing Performance with Precision 

Future-ready vehicles require compact, powerful semiconductors. Enter 12LP+ AutoPro150, with its logic Contacted Poly Pitch (CPP) of just 84nm—fine electrical paths for a more potent chip. “What’s a logic Contacted Poly Pitch?” you might wonder. It’s the measure of space between the transistors on a chip, determining how many can fit in a given area. The smaller the CPP, the more transistors we can pack in, and the more powerful the semiconductor. 

The Heart of Automotive Evolution: Efficiency 

It’s not just about miles per gallon; efficiency extends to the silicon that powers every electronic process in your vehicle. 12LP+ AutoPro150 marks a significant step toward sustainability, reducing power usage by up to 32% and improving overall vehicle performance. 

 A History of Excellence and Innovation 

Our Malta, New York fab has dispatched more than 2 million wafers globally, embodying our relentless pursuit of innovation and dedication to quality. 12LP+ AutoPro150 builds on this heritage, robust enough to withstand the intense conditions of modern driving and GF’s long-standing mission to enhance automotive security and safety. 

Wiring the Future, Layer by Layer 

12LP+ AutoPro150’s intricate multi-layer copper wiring facilitates swift, efficient data transfer, essential for enhanced autonomous driving and vehicle connectivity—akin to an urban grid designed for optimal traffic flow. 

Customization at its Core 

Offering four voltage threshold options, 12LP+ AutoPro150 tailors to the nuanced needs of various vehicles. This adaptability allows automakers to fine-tune system performance, whether it’s for a family SUV or a high-octane sports car, without complicating the manufacturing process. 

The Road Ahead 

For drivers, this translates to a vehicle that’s smarter, safer, and perfectly aligned with your lifestyle—transforming every journey with unparalleled technology, comfort, and efficiency. 

As we forge ahead, GF is excited to introduce several new features as part of this platform in the development pipeline: 

  • Ultra Low Leakage (ULL) – We are enhancing the digital logic and memory components of our semiconductors to ensure they perform optimally even in extreme automotive environments. This development is crucial for supporting connectivity functions that need to be continuously active, helping the modern vehicle transition into an always-connected, AI-enhanced platform. 
  • ZG 3.3V – This innovation involves the introduction of higher voltage devices that can manage a wider array of signals from complex automotive sensors. These sensors are vital for enhancing vehicle safety and responsiveness by providing more accurate real-time data. 
  • eMRAM – We are deploying a differentiated non-volatile memory (eMRAM) that offers high endurance, high density, and low power consumption. It is designed to meet the increased code and data storage needs of advanced microcontrollers used in cars, facilitating more sophisticated AI and machine learning applications. 

GF Customers will find these innovations particularly applicable in the design of: 

  • ADAS processors at the edge: These are crucial for features like automatic braking or lane-keeping, focusing on reliability while consuming less power. 
  • Digital Signal Processors: Enhancing the audio and infotainment systems inside your car, making your ride more enjoyable. 
  • High-Speed Connectivity devices: Essential for features that require fast data transfer, like downloading maps or streaming music. 
  • MRAM and ZG 3.3V technologies in 12LP+: Soon, these will help manage the car’s built-in sensors more effectively, improving performance and safety. 

The 12LP+ AutoPro150 platform is yet another milestone in GF’s journey to shape the future of the automotive. As cars increasingly resemble computers, our essential semiconductors are the heart—capable, efficient, and future-ready.  

IMS 2024

June 16-21, 2024
Washington, DC

IMS is dedicated to all things microwaves and RF, including numerous sessions focused on GF technologies and solutions, developed under GF Labs.

Industry Workshop (IWTU1)
Tuesday, June 18, 8am ET

“Silicon technologies for 5G/6G Cellular Front-End Modules”

Abstract – “The research area of improving the performance, cost and size of 5G RF solutions and evolution to 6G is very active with many developments and it is one of the driving factors for semiconductor industry. Mobile cellular subscribers reached more than 6 billion in 2022 and 5G LTE brings high data capacity as low latency using sub-6GHz and mm-Wave spectrum. Mm-Wave up to 300GHz will play a major role in future 6G networks. The proliferation of worldwide smartphones has been in part possible due to increased computational power of CMOS technology and RF integration This has made also possible to essentially enhance RF CMOS through digital signal processing (DSP) and digital calibration. The industrial workshop will cover 5G semiconductor technologies and architectures currently used in RF Front End Modules for cellular applications, the challenges for the 5G deployment as well the evolution to 6G.”

Presented by:

Dr. Venkata Vanukuru, Globalfoundries, India: Silicon technologies for 5G/6G Cellular Circuits

Dr. Anuranjan Puttaraju, Skyworks, USA: Principles of 5G/5G+ Cellular Power Amplifier Design.

Dr. Florinel Balteanu, Skyworks, USA: 5G/6G Cellular Front End Module Principles

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GF’s Essential Chips Enable Sustainability 

By Brian Raley
Director of Corporate Environmental, Health, and Safety and Sustainability, GlobalFoundries 

In celebration of World Environment Day, and as I think about how GlobalFoundries (GF) continues to lean into our commitment to sustainability, I am excited about the ways the essential chips we manufacture enable our customers to create devices and technologies necessary for building a more resource-efficient and sustainable future.  

GF’s announcement last month of new goals to achieve net zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050 is a critical step in our Journey to Zero Carbon and our role as a responsible corporate steward of the environment. These goals reflect the all-hands-on-deck effort needed at every level of society to combat climate change.  

The benefits of the essential chips we manufacture go beyond environmental sustainability. In addition to more energy-efficient devices and shaping technologies from electric vehicles to smart devices to datacenters, the essential chips we make are also key for enabling improved medical diagnostics, safety, and health and fitness across a range of technologies and devices. Let’s look at three of our end-markets: 

Automotive 

  • Automotive, our fastest growing end market in 2023, is a prime example of GF chips enabling a more sustainable future. I am inspired to imagine a new era of electric transportation driven by GF’s BCD and BCDLite® CMOS platforms delivering differentiated power efficiency and management to the battery systems critical for (hybrid) electric vehicles. Automotive radar is another area where GF’s technology solutions support human needs. Radar is the basis for safety features like adaptive cruise control, automatic emergency braking, blind-spot monitoring and other advanced driver-assistance system (ADAS) functions. 

Data Center 

  • As society demands more from AI and other data center services, we continue to see unprecedented energy demands to support these services. GF technology is addressing these massive energy demands in several ways. First, GF’s products are used across the full range of power delivery systems to improve the efficiency of the delivery of energy to run data centers. Additionally, GF’s Fotonix™ platform is enabling the fundamental shift of communication from electrons to photons, delivering higher data bandwidth that is not possible with conventional chips to enable large language AI models to run efficiently across multiple processors within a server or across multiple servers. 

Internet of Things (IoT) 

  • The IoT devices GF’s technology supports range from retail tags that improve supply chain functionality to health and fitness trackers helping people better understand their health metrics. One of the most impactful examples of this is enabling life-changing continuous glucose monitoring for people with diabetes, a condition which impacts more than 500 million people around the world.

These are just a few ways in which GF-made chips are helping to build a healthier, safer and more sustainable world. Read more on this topic here or in the “Technology for Humanity” section of our 2023 Corporate Responsibility Report. We’ll have even more examples in our forthcoming 2024 Report. 

Brian Raley is the Director of Corporate Environmental, Health, and Safety and Sustainability at GlobalFoundries. Based in Malta, New York, Brian has been with GF since its founding in 2009. He has focused on sustainability efforts in the semiconductor industry for 29 years.

ElevATE Semiconductor and GlobalFoundries Partner on High-Voltage Chips for Commercial and National Security Applications 

Following demand from customers, collaboration will provide a new supply of chips on GF’s power efficient and feature-rich 7HV semiconductor platform 

SAN DIEGO and ESSEX JUNCTION, VT., June 5, 2024 — ElevATE Semiconductor and GlobalFoundries (Nasdaq: GFS) (GF) today announced a manufacturing partnership for high-voltage chips produced at GF’s facility in Essex Junction, Vermont. Designed by ElevATE and manufactured at scale by GF on its proven and power-efficient 7HV technology platform, the chips are vital to both commercial semiconductor testing equipment and critical applications for aerospace and defense systems.  

The agreement outlines GF’s supply of its 7HV chip technology to ElevATE and the marketplace. Manufactured on 200mm wafers at GF’s Vermont facility, the mature-node chips pair power management and wireless sensing capabilities, delivering the performance, design flexibility and power efficiency required by a range of electronics devices in national security systems. The 7HV platform is optimized for cost and performance, and offers a full suite of features and options with well-characterized design tools, as well as proven manufacturing reliability with robust yields. 

To meet the demands of commercial clients and the aerospace and defense industry, ElevATE and GF are collaborating to provide restart support and reestablish the production of 7HV chips. The renewed availability of the 7HV platform will save customers costs, time, and the challenge of redesigning their products using a different chip technology. The new supply will build upon the success of the millions of 7HV chips previously manufactured at GF’s Vermont facility.  

“This collaboration marks a significant transformation in ElevATE’s production strategy, transitioning its fabrication processes to GlobalFoundries,” said Anil Kodali, Vice President of Operations and Quality Assurance at ElevATE. “With GF as our manufacturing partner, we can be sure of a robust and reliable source of supply, enabling us to meet the escalating demands of our customers in terms of volume, quality and time-to-market.” 

“Our collaboration with ElevATE underscores GF’s commitment to ensuring the U.S. semiconductor and national security ecosystems have a reliable supply of secure, domestically manufactured chips,” said Nicholas Sergeant, vice president and head of the aerospace, defense and critical infrastructure business at GF. “As the leading supplier of essential chips for the U.S. aerospace and defense industry and a longstanding partner to the Department of Defense, GF goes above and beyond to ensure our national security customers have the chips they need, manufactured where they want them, with the right level of security.” 

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. The facility is a DMEA-accredited Trusted Foundry and manufactures secure chips in partnership with the U.S. government. 

Read more about GF’s aerospace, defense and critical infrastructure offerings at: https://gf.com/markets/aerospace-and-defense/ 

About ElevATE Semiconductor 

ElevATE Semiconductor is a leader in the global semiconductor manufacturing industry, offering cutting-edge semiconductor test and ATE solutions. The company is committed to supporting the semiconductor and system test community by providing advanced integrated circuits (ICs) that address the complex challenges of ATE. With a focus on designing efficient, high-density solutions, ElevATE Semiconductor aims to reduce the overall cost of testing for its customers, both now and in the future. Visit www.elevatesemi.com. 

About GF  

GlobalFoundries (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development, and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. For more information, visit www.gf.com.  

©GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners. 

Forward-looking Information 

This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.   

Media Contacts: 

ElevATE Semiconductor 

Tim Bakken, Vice President of Global Sales 
[email protected] 

GlobalFoundries 

Michael Mullaney 
[email protected] 

GlobalFoundries Recognized on USA Today’s “America’s Climate Leaders 2024” List

MALTA, N.Y., May 30, 2024 — GlobalFoundries (Nasdaq: GFS) (GF) has been named to USA Today’s “America’s Climate Leaders 2024” list. GF’s inclusion on the list, announced today and viewable here, is the latest recognition of the company’s longstanding commitment to sustainability and corporate responsibility.

“Our team works every day to find new efficiencies and innovate new ways to minimize our impact on the environment. It’s fundamental to who we are as a company,” said Brian Raley, director of sustainability at GF. “We are proud to have our efforts recognized by USA Today and to be included on its list of ‘America’s Climate Leaders 2024.’”

The “America’s Climate Leaders 2024” list is based on independent research and analysis of submitted and publicly available information, including data from the Carbon Disclosure Project and independent reports. The final list recognizes 450 companies across multiple industries.

Last month, GF announced it was furthering its commitment to sustainable operations and fighting climate change with new long-term goals to achieve net-zero greenhouse gas emissions and 100% carbon-neutral power by 2050. Aligned with Paris Agreement goals, GF’s new goals build upon the company’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. GF is on track to meet this 25% reduction goal by 2030.

Other recent recognitions of GF’s sustainability and corporate responsibility efforts include being named to Morningstar Sustainalytics’ “2024 Top-Rated ESG Companies,” maintaining a “Prime” corporate ESG performance rating in 2023 from ISS and being named to Newsweek’s 2023 and 2024 lists of “America’s Most Responsible Companies.”

Learn more about sustainability and corporate responsibility at GF and see a full list of the company’s sustainability awards and recognitions at: https://gf.com/about-us/corporate-responsibility

About GF

GlobalFoundries (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development, and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. For more information, visit www.gf.com.

©GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners.

Forward-looking Information

This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law. 

Media Contact:

GlobalFoundries
Michael Mullaney
[email protected]


GlobalFoundries Announces Pricing of $950 Million Secondary Offering of Ordinary Shares, Including Concurrent $200 Million Share Repurchase

MALTA, NY, May 22, 2024 – GlobalFoundries Inc. (“GlobalFoundries” or “GF”) (Nasdaq: GFS), today announced the pricing of a secondary public offering of $950 million of its ordinary shares at a price to the public of $50.75 per share (including a $200 million share repurchase, as described below). All of the shares in the offering are being offered by Mubadala Technology Investment Company (the “Selling Shareholder”). The Selling Shareholder is a wholly owned subsidiary of Mubadala Investment Company PJSC (which, together with its affiliates, is GlobalFoundries’ largest shareholder). The Selling Shareholder has also granted the underwriters a 30-day option to purchase up to an additional $112.5 million of GlobalFoundries’ ordinary shares (equal to 15% of the initial ordinary shares being sold to the public) at the public offering price minus underwriting discounts and commissions. The offering is expected to close on May 28, 2024, subject to customary closing conditions.

GlobalFoundries is not selling any ordinary shares in the offering and will not receive any proceeds from the sale of the shares being offered by the Selling Shareholder.

GlobalFoundries has agreed to concurrently repurchase from the underwriters $200 million of the Selling Shareholder’s ordinary shares that are subject to the offering at a price per share equal to the public offering price for the offering (the “Share Repurchase”). GlobalFoundries intends to fund the Share Repurchase with cash on its balance sheet. GlobalFoundries expects the closing of the Share Repurchase to occur substantially simultaneously with the closing of the offering. The closing of the Share Repurchase is conditioned on the closing of the offering. The closing of the offering is not conditioned on the closing of the Share Repurchase. The underwriters are not receiving any discount or commission with respect to the ordinary shares being repurchased by GlobalFoundries pursuant to the Share Repurchase.

Morgan Stanley & Co. LLC and BofA Securities are acting as book-running managers for the offering. Citigroup, Goldman Sachs & Co. LLC and J.P. Morgan are acting as active book-running managers for the offering. Deutsche Bank Securities, Evercore ISI and HSBC Securities (USA) Inc. are acting as additional book-running managers for the offering. Baird, Needham & Company, Raymond James, Wedbush Securities, Drexel Hamilton and Siebert Williams Shank are acting as co-managers for the offering.

The offering of these securities is being made only by means of a prospectus. A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) and has become effective. A preliminary prospectus supplement and accompanying prospectus relating to the offering has been filed, and a final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. Copies of the final prospectus supplement and the accompanying prospectus relating to this offering may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email at [email protected]; BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, or by email at [email protected]; or by accessing the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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.

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 Statements

This press release includes “forward-looking statements” that reflect our current expectations and views of future events. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding the expected completion of the offering and the Share Repurchase. These statements are based on current expectations, assumptions, estimates, forecasts, projections and limited information available at the time they are made. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” “outlook,” “on track,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a broad variety of risks and uncertainties, both known and unknown including regarding market conditions, our business and the Selling Shareholder. Any inaccuracy in our assumptions and estimates could affect the realization of the expectations or forecasts in these forward-looking statements. Recipients are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-looking statements as a result of new information, subsequent events, or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events. For a discussion of potential risks and uncertainties, please refer to the risk factors and cautionary statements in our 2023 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission. Copies of our SEC filings are available on our Investor Relations website, investors.gf.com, or from the SEC website, www.sec.gov.

Investor Contact:
[email protected]

Media Contact:
[email protected]

GlobalFoundries Announces Launch of $950 Million Secondary Offering of Ordinary Shares, Including Concurrent $200 Million Share Repurchase

MALTA, NY, May 22, 2024 – GlobalFoundries Inc. (“GlobalFoundries” or “GF”) (Nasdaq: GFS) today announced the launch of a secondary public offering of $950 million of its ordinary shares (including a $200 million share repurchase, as described below). All of the shares in the offering are being offered by Mubadala Technology Investment Company (the “Selling Shareholder”). The Selling Shareholder is a wholly owned subsidiary of Mubadala Investment Company PJSC (which, together with its affiliates, is GlobalFoundries’ largest shareholder). The Selling Shareholder is expected to grant the underwriters a 30-day option to purchase up to an additional $112.5 million of GlobalFoundries’ ordinary shares (equal to 15% of the initial ordinary shares being sold to the public). 

GlobalFoundries is not selling any ordinary shares in the offering and will not receive any proceeds from the sale of the shares being offered by the Selling Shareholder.

GlobalFoundries intends to concurrently repurchase from the underwriters approximately $200 million of the Selling Shareholder’s ordinary shares that are subject to the offering at a price per share equal to the public offering price for the offering (the “Share Repurchase”). GlobalFoundries intends to fund the Share Repurchase with cash on its balance sheet. GlobalFoundries expects the closing of the Share Repurchase to occur substantially simultaneously with the closing of the offering. The closing of the Share Repurchase is conditioned on the closing of the offering. The closing of the offering is not conditioned on the closing of the Share Repurchase. The underwriters are not receiving any discount or commission with respect to the ordinary shares being repurchased by GlobalFoundries pursuant to the Share Repurchase.

Morgan Stanley & Co. LLC and BofA Securities are acting as book-running managers for the offering.

The offering of these securities is being made only by means of a prospectus. A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) and has become effective. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC.  A copy of the preliminary prospectus relating to the offering, when available, may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email at [email protected]; BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, or by email at [email protected]; or by accessing the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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.

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 Statements

This press release includes “forward-looking statements” that reflect our current expectations and views of future events. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding the terms, timing and expected completion of the offering and the Share Repurchase. These statements are based on current expectations, assumptions, estimates, forecasts, projections and limited information available at the time they are made. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” “outlook,” “on track,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a broad variety of risks and uncertainties, both known and unknown, including regarding market conditions, our business and the Selling Shareholder. Any inaccuracy in our assumptions and estimates could affect the realization of the expectations or forecasts in these forward-looking statements. Recipients are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-looking statements as a result of new information, subsequent events, or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events. For a discussion of potential risks and uncertainties, please refer to the risk factors and cautionary statements in our 2023 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission. Copies of our SEC filings are available on our Investor Relations website, investors.gf.com, or from the SEC website, www.sec.gov.

Investor Contact:
[email protected]

Media Contact:
[email protected]

GlobalFoundries Partners with Micron and U.S. National Science Foundation to Drive Semiconductor Workforce Development at Minority Serving Institutions 

Effort aims to develop the next generation of diverse semiconductor talent, accelerate R&D and strengthen collaboration between industry and academia 

MALTA, N.Y., May 21, 2024 — GlobalFoundries (Nasdaq: GFS) (GF) today announced a partnership with Micron Technology, Inc. (Nasdaq: MU) and the U.S. National Science Foundation (NSF) to invest in workforce development at Minority Serving Institutions (MSI) to help meet the growing workforce needs of the U.S. semiconductor ecosystem. 

In partnership with Micron and the NSF, the investment will support semiconductor workforce development at Historically Black College and Universities, Hispanic Serving Institutions, Asian American Native American Pacific Islander-Serving Institutions and Tribal Colleges and Universities throughout the U.S. These investments aim to diversify the semiconductor workforce and build robust talent pathways through education and career reentry initiatives. 

The companies’ and NSF ’s support of U.S. MSIs is directly aligned with the workforce development objectives of the federal CHIPS and Science Act as well as New York State’s Green Chips legislation, to ensure a robust pipeline of U.S. semiconductor talent. 

“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,” said Pradheepa Raman, chief people officer of GF. “Strong public-private partnerships, like our collaboration with Micron and NSF to support Minority Serving Institutions, are critical to continue the work of inspiring and developing the skilled workforce our industry needs to grow.” 

“Partnering with leaders in industry, government and education to meet the needs of a growing semiconductor workforce in the U.S. is an essential part of nurturing the talent necessary to fill key openings in the semiconductor industry,” said Erwin Gianchandani, NSF assistant director for Technology, Innovation and Partnerships. “We look forward to collaborating with our partners to increase access to equitable education, address student programming and teacher and faculty professional development and strengthen infrastructure through future funding opportunities.” 

“Micron’s investments in U.S. expansion are about much more than building fabs. We’re investing in people and in partnerships to expose learners from every background to opportunities they may not otherwise have without support,” said April Arnzen, executive vice president and chief people officer at Micron and president of the Micron Foundation. “We’re honored to see initiatives like Micron’s MSI Semiconductor Network, which are at the forefront of our industry’s efforts to prepare the semiconductor workforce and research ecosystem to meet growing demand for talent, recognized by government leaders in the U.S. and globally.” 

“Micron’s and GlobalFoundries’ historic investments are transformative for Upstate New York and the nation, and today’s announcement will put in place another critical workforce development initiative to deliver the workers needed to fill the tens of thousands of new jobs that will be created. This initiative will especially focus on connecting underserved and historically marginalized New Yorkers and others around the country to new job opportunities in the semiconductor industry, including to build chips in Upstate NY,” said Senate Majority Leader Chuck Schumer. “In recent weeks, my CHIPS & Science Law delivered a whopping $6.1 billion for Micron to build their mega-fab project and another $1.5 billion for GlobalFoundries’ expansion. Now, Micron and GlobalFoundries are working to develop a workforce pipeline to train and attract the next generation of talent, putting students from our top-notch educational institutions into jobs in the semiconductor industry. I am glad this initiative is supported by National Science Foundation funds from my CHIPS & Science Law, which serves as the fuel for major investments like Micron’s and GlobalFoundries’ to bring chip manufacturing back to America and helping our future scientists and engineers reach new heights with good-paying jobs right at their doorstep.” 

“We are excited about the opportunities to grow efforts with GlobalFoundries that have led to increased summer internships and experiences at GF’s Malta, NY, facility for students at multiple CUNY schools including LaGuardia, Queensborough and City Tech,” said Tavis Ezell, director of business development for The City University of New York’s (CUNY) Advanced Science Research Center (ASRC). “With our industry partners, we are identifying the necessary skills needed to support jobs across the vast semiconductor ecosystem and bolster current curricula across a wide range of CUNY degrees, connecting interested students to training opportunities, whether their first internship experience is at the ASRC, or at an industry partner such as GlobalFoundries.” 

GF’s support of MSIs is the company’s latest effort to build a critical talent pipeline for a current and future workforce. In November 2023, the company announced a new student loan repayment program to help U.S.-based employees and eligible new recruits pay up to $28,500 in student loan debt, tax-free, to help ease the financial burden of higher education and training. GF also offers tuition reimbursement for employees pursuing undergraduate and graduate degrees, fully paid parental leave, employee fitness stipend to promote good health and childcare subsidy towards dependent care. GF’s first-of-its-kind apprenticeship program provides opportunities for individuals with no prior experience or training in the semiconductor industry, offering full-time paid positions and cost-free college courses to high school graduates. 

GF has established strategic partnerships nationwide with top universities and strong regional engagements with community colleges in New York and Vermont as well as access to worldwide talent through its global footprint to help build a diverse workforce and semiconductor talent pipeline. To help inspire younger children, GF has a robust STEM outreach program to engage with regional middle schools and high schools, including Early College High School and Career and Technical Education programs, to bring industry awareness and hands-on experiences to students. 

About GF  

GlobalFoundries (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development, and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. For more information, visit www.gf.com.  

©GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners. 

Media Contact: 

Michael Mullaney 
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