GlobalFoundries Announces Availability of 22FDX+ RRAM Technology for Wireless Connectivity and AI Applications August 28, 2025 Latest technology in GF’s embedded memory portfolio is now available for prototyping SANTA CLARA, Calif., August 28, 2025 – Today at its annual Technology Summit in California, GlobalFoundries (Nasdaq: GFS)(GF) announced the availability of its 22FDX+ with Resistive RAM (RRAM) technology, marking a significant advancement in the company’s portfolio of embedded non-volatile memory (eNVM) solutions. The new RRAM technology, when combined with the high-performance, ultra-low power 22FDX® platform, delivers secure, low-latency, high-density embedded memory for code storage for wireless microcontrollers and AI IoT applications. Designed with industry-proven OxRAM technology, GF’s embedded RRAM offers cost-effective memory with low power read/write, high endurance and excellent retention. On-chip integration with GF’s enhanced 22FDX platform delivers improved data retention, reliability, security and power efficiency, creating compact and versatile system-on-chip (SoC) solutions for intelligent, connected devices. RRAM’s high density and scalability are ideal for AI-enabled, IoT devices that rely on high-performance intelligence at the edge, such as sensors, wearables and industrial systems. 22FDX+ RRAM also enables weight storage for neural networks, enabling more effective and complex networks. “We are pleased to add 22FDX+ RRAM to GF’s growing portfolio of differentiated technologies with the advanced features needed for power-efficient, connected intelligence at the edge,” said Ed Kaste, senior vice president of GF’s ultra-low power CMOS product line. “Our latest solution offers a compelling combination of density, performance and power efficiency, making it well-suited to tackle the challenges of next-generation, AI-enabled and connected devices.” “GlobalFoundries is an important partner for Nordic Semiconductor as we push the boundaries of ultra-low power wireless solutions for the next generation of connected products and AI-enabled devices,” said Oyvind Strom, EVP Short-Range at Nordic Semiconductor. “We welcome GF’s introduction of embedded RRAM as a significant advancement that enables secure, scalable, and power-efficient edge intelligence. This kind of innovation – delivered through a resilient global supply chain – is essential to meeting growing demands for performance, reliability, and sustainability in connected systems.” A macro preliminary design kit for 22FDX+ RRAM is available through GF’s self-service GF Connect portal to help jumpstart the design process. Volume production is slated for 2026, driven by several key customer engagements. Future generations of embedded RRAM technology and deployments to other platforms are in development. About GF GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented global team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com. 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: Stephanie Gonzalez [email protected]
GlobalFoundries and Silicon Labs Partner to Scale Industry-Leading Wi-Fi Connectivity August 28, 2025 Strategic collaboration across the semiconductor value chain ensures a secure, reliable supply of essential chips for the next generation of consumer IoT SANTA CLARA, Calif., August 28, 2025 – Today at its annual Technology Summit in California, GlobalFoundries (Nasdaq: GFS) (GF) announced a milestone for its 40nm process technology through its partnership with Silicon Labs, the leading innovator in low-power wireless, with the shipment of more than 10 million Silicon Labs Wi-Fi units built on GF’s 40LP platform. This scaled production of wireless SoCs on 40LP, including Silicon Labs’ SiWX917 Wi-Fi 6 chip, is enabling the next generation of high-performance, energy efficient connected devices. Central to this partnership is GF’s expansive portfolio of cost-effective, feature-rich Complementary Metal-Oxide-Semiconductor (CMOS) solutions that deliver the right features for next-generation edge devices. GF’s silicon-proven 40LP process technology offers low leakage in standby mode to support power-efficient, always-on intelligent devices. The 40LP platform is an integral part of GF’s portfolio of advanced technologies for sensing applications, delivering an exceptional noise-to-signal ratio and ensuring accurate data capture for real-time monitoring. The Silicon Labs SiWX917 is a single-chip solution engineered to solve the most critical challenges for battery-powered IoT devices: extending battery life while maintaining a persistent, secure connection. This purpose-built IoT Wi-Fi 6 chip enables Silicon Labs to connect the entire IoT value chain by combining GF’s manufacturing excellence with the most prevalent wireless network in the world. This partnership showcases how high-performance wireless technology enables both the expansion of the IoT ecosystem and the creation of the intuitive, consistent user experiences that consumers have come to expect. “Our commitment is to provide the foundational manufacturing technology that allows innovators to push the boundaries of what’s possible in high-growth markets like consumer IoT,” said Kamal Khouri, senior vice president, feature-rich CMOS product line at GF. “We are proud to see our differentiated platforms empower Silicon Labs to deliver the cost-effective, high-performance solutions that top-tier brands depend on.” “For too long, device makers have had to choose between robust Wi-Fi connectivity and long battery life. Our mission is to eliminate that compromise,” said Irvind Ghai, vice president, Silicon Labs. “Our collaboration with GlobalFoundries is making it possible for us to deliver secure, reliable Wi-Fi connectivity at scale for the next generation of connected devices. This empowers innovators to focus on both painless onboarding, and a smooth user experience their customers expect, while getting their products to market faster.” About GF GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented global team delivers results with an unyielding focus on security, longevity and sustainability. For more information, visit www.gf.com. Media contact: Stephanie Gonzalez [email protected] About Silicon Labs Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world’s most highly integrated SoCs, Silicon Labs provides device makers the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets. Learn more at silabs.com. Note to editors: Silicon Labs, Silicon Laboratories, the “S” symbol, the Silicon Laboratories logo and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders. For further information: CONTACT – [email protected]
GaN-on-Silicon: The scalable future of wireless infrastructure August 27, 2025 By Mark Cuezon Director, Wireless Infrastructure & SATCOM at GlobalFoundries Global mobile network data traffic continues to rise, driven by 5G expansion and high-demand applications like video streaming, gaming, and IoT connectivity. The latest Ericsson Mobility Report indicates mobile network data traffic rose 19% from the first quarter of 2024 to the first quarter of 2025, and with Fixed Wireless Access (FWA) traffic included, it is projected to nearly triple to 420 exabytes per month by 2030 [1]. This surge is due to more connected devices and higher average user data consumption, further fueled by better streaming quality, cloud gaming, AI apps, and Extended Reality. Expanding spectrum, especially above 6 GHz, is crucial to support this data growth and improve wireless capacity and coverage. With rising demand for high-performance wireless connectivity, efficient and scalable RF technologies are essential for keeping costs down. As networks move from 5G to 6G, infrastructure must handle higher frequencies, more bandwidth, and higher density, requiring solutions that optimize both performance and cost. Enter Gallium Nitride on Silicon (GaN-Si)—a technology that combines GaN’s high-power efficiency with silicon’s scalable manufacturing, paving the way for widespread adoption in next-generation radio access networks by lowering costs and speeding up deployment. While GaN-on-Silicon Carbide (GaN-SiC) has been favored for sub-6GHz 5G power amplifiers (PA) due to its high efficiency, outstanding thermal conductivity, and high-power density, GaN-Si is now positioned as a cost-effective, high-volume solution for RF applications. GF is driving the next wave of wireless infrastructure by positioning GaN-Si not merely as an alternative, but as a key enabler for next-generation wireless communications innovations. The RF challenge: Higher frequency, wider bandwidth, high efficiency As wireless infrastructure evolves from 5G to 6G, complexity rises. Mobile network operators (MNOs) and OEMs now face demands to support higher frequencies, broader bandwidths, and denser networks while needing to cut costs and power consumption for profitable deployment. According to an August 2024 report from Samsung, radios operating in FR1 n104 (6.425–7.125 GHz) and FR3 (7.125–24.25 GHz) bands are expected to at least double in number of antenna elements compared to today’s 5G sub-6GHz radios [2]. More antenna elements for the same radio total output power lower each antenna’s output power needs, favoring cost-effective solutions like GaN-Si over GaN-SiC. Higher frequencies allow closer antenna spacing, fitting more individual antenna elements into existing footprints but also raising the semiconductor count and BOM costs. This evolution in radio architecture enables the use of GaN-Si due to reduced power amplifier output requirements and establishes GaN-Si as a leading replacement for GaN-SiC for cost reduction. GaN-Si: Driving performance and scalability GaN-Si enables the integration of GaN epitaxy on large-diameter, high-yield 200mm silicon wafers, leveraging the same manufacturing infrastructure used in advanced CMOS technologies. This unlocks key advantages: Lower cost per RF device through economies of scale, as mentioned above Higher production throughput from established silicon fabs Potential for integrating multiple circuit blocks through heterogeneous integration or 3D stacking Although SiC substrates offer better thermal conductivity, the lower material and processing costs of GaN-Si compared to GaN-SiC make it ideal for high-volume uses like massive MIMO and small cells, supporting cost-effective RAN expansion. GaN-Si also achieves comparable RF performance in the mid to upper 5G FR1 (3.3–7.125 GHz) and 6G FR3 (7.125–24.25 GHz) bands. At GlobalFoundries, we are enabling GaN-on-Si to support a wide range of infrastructure applications: C-band (n77/n78) and n79 Massive MIMO radios 5G small cell and Open RAN platforms 6G FR3 architectures requiring broadband, high-linearity and efficiency PAs With silicon-based scalability, GaN-Si is also ideal for co-packaged RF solutions and hybrid integration—all key to next-gen wireless infrastructure platforms. Partnering for the future: GF’s GaN-Si roadmap At GlobalFoundries, we’re building the foundation for the next decade of wireless innovation. Our GaN-on-Si RF platform on 200mm wafers is designed to accelerate time-to-market for wireless infrastructure providers. We’re collaborating with ecosystem partners to drive innovation in packaging, thermal management, and RF circuit design—ensuring that GaN-Si not only meets today’s 5G demands but is also ready for the frequency, bandwidth, power, and efficiency challenges of 6G. Through GlobalShuttle, GF’s multi-project wafer (MPW) program, customers are able to efficiently and cost-effectively evaluate the potential of RF GaN-Si technology, thereby accelerating their product development cycles and reducing time to market. As wireless networks continue to evolve, wireless infrastructure providers must adopt technologies that strike a balance between performance and manufacturability. While GaN-SiC remains relevant for niche, ultra-high-power applications, GaN-Si is the path forward for scalable, high-efficiency RAN deployments. By transitioning to GaN-Si, MNOs and OEMs can unlock the benefits of GaN technology—without the economic limitations of legacy substrate materials. GlobalFoundries is proud to be at the forefront of this transition—powering the wireless future with scalable, efficient RF technologies. [1]: Ericsson Mobility Report June 2025 [2]: Samsung Research Report August 2024 Mark Cuezon is the Director of Wireless Infrastructure and SATCOM End Markets at GlobalFoundries, where he drives strategic growth and customer engagement across next-generation wireless connectivity networks and platforms.
EXTOLL collaborates with ERIDAN as a Key Partner for Lowest Power High-Speed SerDes IP on GlobalFoundries’ 22FDX August 25, 2025
Cirrus Logic and GlobalFoundries Expand Strategic Investment to Advance Next-Generation Mixed-Signal Semiconductor Manufacturing in the U.S. August 19, 2025 Austin, TX and Malta, NY – August 19, 2025 – Cirrus Logic (Nasdaq: CRUS), a leading provider of high-performance audio and mixed-signal semiconductor solutions, today announced the expansion of its long-standing relationship with GlobalFoundries (Nasdaq: GFS) (GF) – one of the world’s leading semiconductor manufacturers. These joint development efforts aim to accelerate the introduction of more efficient, powerful, and reliable chip technologies that will drive the next generation of everyday devices, from smartphones to automobiles. Together, the companies are advancing the development and commercialization of next-generation BCD (Bipolar-CMOS-DMOS) process technology, which allows different functions to be combined on a single chip, making devices more power efficient and compact. This technology will be capable of being manufactured at GlobalFoundries’ facility in Malta, New York, adding a U.S. based option to complement existing manufacturing in Singapore and Germany. The expanded collaboration is expected to support Cirrus Logic’s commitment to delivering cutting-edge mixed-signal products to its core markets while strengthening the resilience and geographic diversity of its customers’ semiconductor supply chains. Cirrus Logic and GF are also collaborating on accelerating innovation in Gallium Nitride (GaN) technology utilizing GF’s specialized manufacturing facility in Essex Junction, Vermont. With a high-power density and the ability to handle high voltages, GF’s GaN-on-silicon platform offers efficiency and power management benefits for consumer and industrial applications. This joint effort is expected to expand Cirrus Logic’s mixed-signal and power technology portfolio, unlocking new capabilities and market opportunities. “We are excited to deepen our long-standing relationship with GlobalFoundries and help accelerate cutting-edge mixed-signal chip manufacturing to the U.S.” said John Forsyth, Cirrus Logic President and Chief Executive Officer. “This collaboration expands the technology leadership of both companies, strengthens the U.S. semiconductor supply chain and reinforces our shared commitment to innovation and customer success.” “GlobalFoundries is proud to expand our partnership with Cirrus Logic, a company that shares our commitment to driving semiconductor innovation and strengthening domestic manufacturing capabilities that are vital to national competitiveness and economic resilience,” said Tim Breen, CEO of GlobalFoundries. “Together, we’re enabling the next generation of essential chip technologies that will power tomorrow’s devices and systems. This collaboration underscores the importance of resilient, geographically diverse supply chains for our industry.” About Cirrus Logic, Inc. Cirrus Logic is a leader in low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world’s top mobile and consumer applications. With headquarters in Austin, Texas, Cirrus Logic is recognized globally for its award-winning corporate culture. Cirrus Logic, Cirrus and the Cirrus Logic logo are registered trademarks of Cirrus Logic, Inc. All other company or product names noted herein may be trademarks of their respective holders. About GF GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented global team delivers results with an unyielding focus on security, longevity and sustainability. For more information, visit www.gf.com. ©GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners. Media Contact Derrick Shannon Account Director, Touchdown PR [email protected] 512.599.4015 Julia Betts Director, Communications & Employee Experience, Cirrus Logic [email protected] 512.851.4147
GlobalFoundries Completes Acquisition of MIPS August 14, 2025 Transaction expands IP offerings, strengthens portfolio differentiation and brings in engineering talent to accelerate AI and compute innovation MALTA, N.Y., Aug. 14, 2025 – GlobalFoundries (Nasdaq: GFS) (GF) today announced that it has completed its acquisition of MIPS, a leading supplier of AI and processor IP. The acquisition strengthens GF’s position as a global leader in differentiated semiconductor manufacturing and enhances its capabilities in AI, edge computing and other high-growth markets. The combination of GF and MIPS brings together decades of expertise in advanced semiconductor manufacturing and processor IP innovation, enabling GF to deliver more differentiated solutions to meet the growing demand for energy-efficient, high-performance computing at the edge and beyond. MIPS is expected to continue to operate as a standalone business within GF, maintaining its licensing model and focusing on serving a broad customer base across diverse technology sectors. About GF GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented global team delivers results with an unyielding focus on security, longevity and sustainability. For more information, visit www.gf.com. ©GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners. Forward-looking Information This news release contains forward-looking statements regarding the combination of GF with MIPS, which involve risks and uncertainties. Such risks and uncertainties include, but are not limited to, potential adverse effects or changes to relationships with customers, employees, suppliers or other parties resulting from the completion of the transaction, which could adversely affect GF’s or MIPS’ business, including current plans and operations. Readers are cautioned not to place undue reliance on any of these forward-looking statements and urged to review the risks and uncertainties discussed in our 2024 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law. Media Contact:Erica McGill[email protected]+1-518-795-5240
Cyientsemi Insights – Cyient Semiconductors Enters Strategic Channel Partnership with GlobalFoundries August 7, 2025
GlobalFoundries Expands Partnership with Apple to Advance Wireless Connectivity and Power Management, Reinforcing U.S. Chip Manufacturing Leadership August 6, 2025 MALTA, N.Y., August 6, 2025 — GlobalFoundries (Nasdaq: GFS) (GF) today announced it has entered into an agreement with Apple for a deeper collaboration that will advance semiconductor technologies and strengthen U.S. manufacturing. This partnership will enable GF to accelerate investments at its state-of-the-art semiconductor manufacturing facility in Malta, New York, underscoring a shared commitment to strengthen U.S.-based innovation and production of power-efficient, AI-enabling technologies that are essential to the future of mobile computing and intelligent devices. “Today’s announcement is a significant milestone in our decade-long partnership with Apple, as we work together to manufacture critical wireless connectivity technologies and power management solutions, key parts of next-generation AI-enabled devices,” said Tim Breen, CEO of GlobalFoundries. “This is a testament to GF’s technology differentiation, coupled with our unique secure and onshore capabilities, and the trust Apple has placed in GF to deliver and build the advanced chips that power its next-generation smart mobile technologies. This agreement builds on our prior announcements and reinforces our shared commitment to strengthening U.S. semiconductor manufacturing and building a more resilient onshore supply chain.” “With our new American Manufacturing Program, we’re proud to partner with companies like GlobalFoundries to create new jobs and bring even more manufacturing to America,” said Sabih Khan, Apple’s chief operating officer. “This is part of our $600 billion commitment to the US over the next four years, and we couldn’t be more excited about the future of American innovation.” In June, in collaboration with major technology partners, GF announced plans to invest $16 billion to expand semiconductor manufacturing and advanced packaging across its facilities in New York and Vermont. These efforts are supported by and aligned with the administration’s bold policies, which prioritize American leadership in AI, including domestic semiconductor manufacturing for national and supply chain security. About GF GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented global team delivers results with an unyielding focus on security, longevity and sustainability. For more information, visit www.gf.com. ©GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners.
GlobalFoundries Reports Second Quarter 2025 Financial Results August 5, 2025 Malta, New York, August 5, 2025 – GLOBALFOUNDRIES Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the second quarter ended June 30, 2025. Key Second Quarter Financial Highlights Revenue of $1.688 billion Gross margin of 24.2% and Non-IFRS gross margin(1) of 25.2% Operating margin of 11.6% and Non-IFRS operating margin(1) of 15.3% Net income of $228 million and Non-IFRS net income(1) of $234 million Diluted earnings per share of $0.41 and Non-IFRS diluted earnings per share(1) of $0.42 Non-IFRS adjusted EBITDA(1) of $585 million Ending cash, cash equivalents and marketable securities of $3.9 billion Net cash provided by operating activities of $431 million and Non-IFRS adjusted free cash flow(1) of $277 million “In the second quarter, the GF team delivered strong financial results above the midpoints of the Non-IFRS guidance ranges for revenue and gross margin, and earnings per share exceeded the high end of the guidance range,” said Tim Breen, CEO of GF. “Continued momentum across our Automotive and Communications Infrastructure and Datacenter end markets, enabled double digit percent year-over-year revenue growth in the second quarter for both businesses. As we await a return to meaningful growth across the consumer-driven end markets, I am pleased with the steps GF is taking to broaden the long term value proposition to our customers, through the expected acquisition of MIPS, as well as establishing our China for China foundry partnership.” Recent Business Highlights In June, GF was announced as the exclusive manufacturing partner for Continental’s newly established Advanced Electronics & Semiconductor Solutions (AESS) organization to help meet the growing demand for safe, connected autonomous vehicles. GF will serve as a trusted foundry partner to Continental, offering its manufacturing expertise, diversified global footprint, and automotive-qualified portfolio of process technologies. In July, GF announced a definitive agreement to acquire MIPS, a leading supplier of AI and processor IP. This acquisition will broaden GF’s portfolio with advanced RISC-V processor IP and software tools tailored for real-time computing in automotive, industrial, and data center infrastructure applications. The acquisition will offer customers deeper and closer collaboration with GF, as well as enhanced opportunities for chip customization. GF advanced its China-for-China strategy by entering into a definitive agreement with a local Chinese foundry to support GF’s customers with reliable supply in mainland China. Customers will benefit from GF’s automotive grade process technologies and manufacturing expertise, to serve their domestic Chinese demand. (1) See “Reconciliation of IFRS to Non-IFRS” for a detailed reconciliation of Non-IFRS financial measures to the most directly comparable IFRS measure. See “Financial Measures (Non-IFRS)” for further discussion on these Non-IFRS measures and why we believe they are useful. GLOBALFOUNDRIES Inc. Summary Quarterly Results(Unaudited, in millions, except per share amounts and wafer shipments) Year-over-year Sequential Q2’25 Q1’25 Q2’24 Q2’25 vs Q2’24 Q2’25 vs Q1’25 Net revenue $ 1,688 $ 1,585 $ 1,632 $ 56 3 % $ 103 6 % Gross profit $ 408 $ 355 $ 395 $ 13 3 % $ 53 15 % Gross margin 24.2 % 22.4 % 24.2 % 0bps +180bps Non-IFRS gross profit(1) $ 425 $ 379 $ 411 $ 14 3 % $ 46 12 % Non-IFRS gross margin(1) 25.2 % 23.9 % 25.2 % 0bps +130bps Operating profit $ 196 $ 151 $ 155 $ 41 26 % $ 45 30 % Operating margin 11.6 % 9.5 % 9.5 % +210bps +210bps Non-IFRS operating profit(1) $ 258 $ 213 $ 212 $ 46 22 % $ 45 21 % Non-IFRS operating margin(1) 15.3 % 13.4 % 13.0 % +230bps +190bps Net income $ 228 $ 211 $ 155 $ 73 47 % $ 17 8 % Net income margin 13.5 % 13.3 % 9.5 % +400bps +20bps Non-IFRS net income(1) $ 234 $ 189 $ 211 $ 23 11 % $ 45 24 % Non-IFRS net income margin (1) 13.9 % 11.9 % 12.9 % +100bps +200bps Diluted earnings per share (“EPS”) $ 0.41 $ 0.38 $ 0.28 $ 0.13 46 % $ 0.03 8 % Non-IFRS diluted EPS(1) $ 0.42 $ 0.34 $ 0.38 $ 0.04 11 % $ 0.08 24 % Non-IFRS adjusted EBITDA(1) $ 585 $ 558 $ 610 $ (25 ) (4) % $ 27 5 % Non-IFRS adjusted EBITDA margin(1) 34.7 % 35.2 % 37.4 % (270)bps (50)bps Cash from operating activities $ 431 $ 331 $ 402 $ 29 7 % $ 100 30 % Wafer shipments (300mm equivalent) (in thousands) 581 543 517 64 12 % 38 7 % (1) See “Reconciliation of IFRS to Non-IFRS” for a detailed reconciliation of Non-IFRS financial measures to the most directly comparable IFRS measure. See “Financial Measures (Non-IFRS)” for further discussion on these Non-IFRS measures and why we believe they are useful. GLOBALFOUNDRIES Inc. Summary of Third Quarter 2025 Guidance(1)(Unaudited, in millions, except per share amounts) IFRS Share-based compensation(3) Non-IFRS(2) Net revenue $1,675 ± $25 Gross margin(2) 24.4% ± 100bps ~110bps 25.5% ± 100bps Operating expenses(2) $228 ± $10 ~$38 $190 ± $10 Operating margin(2) 10.8% ± 180bps ~340bps 14.2% ± 180bps Diluted EPS(2)(4) $0.28 ± $0.05 ~$0.10 $0.38 ± $0.05 Fully Diluted Share Count ~560 (1) The Guidance provided contains forward-looking statements as defined in the U.S. Private Securities Litigation Act of 1995, and is subject to the safe harbors created therein. The Guidance includes management’s beliefs and assumptions and is based on information that is available as of the date of this release. (2) Non-IFRS gross margin, Non-IFRS operating expenses, Non-IFRS operating margin and Non-IFRS diluted EPS are Non-IFRS measures and, for purposes of the Guidance only, are defined as gross profit as a percent of revenue, operating profit as a percent of revenue, operating expenses and diluted EPS, all before share-based compensation, respectively. See “Financial Measures (Non-IFRS)” for further discussion on these Non-IFRS measures and why we believe they are useful. (3) We expect share-based compensation of $18 million and $38 million in cost of revenue and operating expenses, respectively. The Non-IFRS margin impacts are calculated by dividing share-based compensation by net revenue, and the Non-IFRS diluted EPS impact is calculated by dividing share-based compensation by the fully diluted share count. (4) Included in diluted EPS is net interest income (expense) and other income (expense) which we estimate will be between $4 million and $12 million for the third quarter 2025. Also included in diluted EPS is income tax expense which we estimate will be between $26 million and $40 million for the third quarter 2025. GLOBALFOUNDRIES Inc. Consolidated Statements of Operations(Unaudited, in millions, except for per share amounts) Three Months Ended June 30, 2025 June 30, 2024 Net revenue $ 1,688 $ 1,632 Cost of revenue 1,280 1,237 Gross profit $ 408 $ 395 Operating expenses: Research and development 134 121 Selling, general and administrative 78 114 Restructuring charges — 5 Total operating expenses $ 212 $ 240 Operating profit $ 196 $ 155 Finance income (expense), net 17 16 Other income (expense) 8 (4 ) Income tax (expense) benefit 7 (12 ) Net income $ 228 $ 155 Attributable to: Shareholders of GLOBALFOUNDRIES Inc. 228 155 Non-controlling interests — — EPS: Basic $ 0.41 $ 0.28 Diluted $ 0.41 $ 0.28 Shares used in EPS calculation: Basic 555 554 Diluted 557 557 GLOBALFOUNDRIES Inc. Condensed Consolidated Statements of Financial Position(Unaudited, in millions) As of June 30, 2025 December 31, 2024 Assets: Cash and cash equivalents $ 1,790 $ 2,192 Marketable securities 1,305 1,194 Receivables, prepayments and other 1,535 1,406 Inventories 1,726 1,624 Current assets $ 6,356 $ 6,416 Property, plant and equipment, net $ 7,505 $ 7,762 Marketable securities 823 839 Right-of-use assets 495 498 Deferred tax assets 270 188 Other assets 1,354 1,096 Non-current assets $ 10,447 $ 10,383 Total assets $ 16,803 $ 16,799 Liabilities and equity: Current portion of long-term debt $ 60 $ 753 Other current liabilities 2,354 2,291 Current liabilities $ 2,414 $ 3,044 Non-current portion of long-term debt $ 1,115 $ 1,053 Non-current portion of lease obligations 432 424 Other liabilities 1,374 1,454 Non-current liabilities $ 2,921 $ 2,931 Total liabilities $ 5,335 $ 5,975 Shareholders’ equity: Common stock / additional paid-in capital $ 24,107 $ 24,025 Accumulated deficit (12,828 ) (13,266 ) Accumulated other comprehensive income 136 17 Non-controlling interests 53 48 Total liabilities and equity $ 16,803 $ 16,799 GLOBALFOUNDRIES Inc. Condensed Consolidated Statements of Cash Flows(Unaudited, in millions) Three Months Ended June 30, 2025 June 30, 2024 Operating Activities: Net income $ 228 $ 155 Depreciation and amortization 335 402 Finance (income) expense, net and other (8 ) (28 ) Net change in working capital (136 ) (168 ) Other non-cash operating activities 12 41 Net cash provided by operating activities $ 431 $ 402 Investing Activities: Purchases of property, plant and equipment and intangible assets $ (159 ) $ (101 ) Net purchases of marketable securities (23 ) (77 ) Other investing activities (25 ) 8 Net cash used in investing activities $ (207 ) $ (170 ) Financing Activities: Proceeds from issuance of equity instruments $ 1 $ — Purchases of treasury stock — (200 ) Proceeds (repayment) of debt, net (36 ) (94 ) Net cash used in financing activities $ (35 ) $ (294 ) Effect of exchange rate changes 5 (1 ) Net change in cash and cash equivalents $ 194 $ (63 ) Cash and cash equivalents at the beginning of the period 1,596 2,247 Cash and cash equivalents at the end of the period $ 1,790 $ 2,184 GLOBALFOUNDRIES Inc. Reconciliation of IFRS to Non-IFRS(Unaudited, in millions, except for per share amounts) Three Months Ended June 30, 2025 Gross profit Selling, General & Administrative Research & Development Operating profit Other Income (Expense) Income tax (expense) benefit Net income Diluted EPS As Reported $ 408 $ 78 $ 134 $ 196 $ 8 $ 7 $ 228 $ 0.41 IFRS margins(1) 24.2 % 11.6 % 13.5 % Share-based compensation 17 (29 ) (8 ) 54 — (2 ) 52 0.09 Structural optimization(2) — (5 ) — 5 (24 ) — (19 ) (0.03 ) Amortization of acquired intangibles and other acquisition related charges — (2 ) (1 ) 3 — — 3 0.01 Litigation claims — — — — 9 (1 ) 8 0.01 Tax matters(3) — — — — — (38 ) (38 ) (0.07 ) Non-IFRS measures(1) $ 425 $ 42 $ 125 $ 258 $ (7 ) $ (34 ) $ 234 $ 0.42 Non-IFRS margins(1) 25.2 % 15.3 % 13.9 % Three Months Ended March 31, 2025 Gross profit Selling, General & Administrative Research & Development Operating profit Other Income (Expense) Income tax (expense) benefit Net income Diluted EPS As Reported $ 355 $ 77 $ 127 $ 151 $ 30 $ 16 $ 211 $ 0.38 IFRS margins(1) 22.4 % 9.5 % 13.3 % Share-based compensation 13 (20 ) (7 ) 40 — (2 ) 38 0.07 Structural optimization(2) 11 (5 ) (5 ) 21 — (3 ) 18 0.03 Amortization of acquired intangibles and other acquisition related charges — — (1 ) 1 (31 ) 6 (24 ) (0.04 ) Revaluation of equity investments — — — — (6 ) — (6 ) (0.01 ) Tax matters(3) — — — — — (48 ) (48 ) (0.09 ) Non-IFRS measures(1) $ 379 $ 52 $ 114 $ 213 $ (7 ) $ (31 ) $ 189 $ 0.34 Non-IFRS margins(1) 23.9 % 13.4 % 11.9 % Three Months Ended June 30, 2024 Gross profit Selling, General & Administrative Research & Development Operating profit Other Income (Expense) Income tax (expense) benefit Net income Diluted EPS As Reported $ 395 $ 114 $ 121 $ 155 $ (4 ) $ (12 ) $ 155 $ 0.28 IFRS margins(1) 24.2 % 9.5 % 9.5 % Share-based compensation 16 (28 ) (8 ) 52 — — 52 0.09 Restructuring charges — — — 5 — (1 ) 4 0.01 Non-IFRS measures(1) $ 411 $ 86 $ 113 $ 212 $ (4 ) $ (13 ) $ 211 $ 0.38 Non-IFRS margins(1) 25.2 % 13.0 % 12.9 % (1) See “Financial Measures (Non-IFRS)” for further discussion on these Non-IFRS measures and why we believe they are useful. (2) Structural optimization represents costs associated with employee workforce reductions, manufacturing footprint alignment and liquidation charges. (3) Comprised of net deferred tax asset recognition and foreign exchange rate impact. GLOBALFOUNDRIES Inc Reconciliation of IFRS to Non-IFRSNon-IFRS Adjusted Free Cash Flow(1)(Unaudited, in millions) Three Months Ended June 30, 2025 March 31, 2025 June 30, 2024 Net cash provided by operating activities $ 431 $ 331 $ 402 Less: Purchases of property, plant and equipment and intangible assets (159 ) (166 ) (101 ) Add: Proceeds from government grants 5 — 1 Total capital expenditure net of proceeds from government grants $ (154 ) (166 ) (100 ) Non-IFRS adjusted free cash flow(1) $ 277 $ 165 $ 302 Non-IFRS adjusted free cash flow margins(1) 16 % 10 % 19 % (1) See “Financial Measures (Non-IFRS)” for further discussion on this Non-IFRS measure and why we believe it is useful. Reconciliation of IFRS to Non-IFRSNon-IFRS Adjusted EBITDA(1)(Unaudited, in millions) Three Months Ended June 30, 2025 March 31, 2025 June 30, 2024 Net revenue $ 1,688 $ 1,585 $ 1,632 Net income 228 211 155 Net income margin 13.5 % 13.3 % 9.5 % Depreciation and amortization 335 352 402 Finance expense 22 25 37 Finance income (39 ) (39 ) (53 ) Income tax expense (benefit) (7 ) (16 ) 12 Share-based compensation 54 40 52 Restructuring charges — — 5 Structural optimization (19 ) 21 — Revaluation of equity investments — (6 ) — Litigation claims 9 — — Other acquisition related charges 2 (30 ) — Non-IFRS adjusted EBITDA(1) $ 585 $ 558 $ 610 Non-IFRS adjusted EBITDA margin(1) 34.7 % 35.2 % 37.4 % (1) See “Financial Measures (Non-IFRS)” for further discussion on this Non-IFRS measure and why we believe it is useful. GLOBALFOUNDRIES Inc. Financial Measures (Non-IFRS) In addition to the financial information presented in accordance with International Financial Reporting Standards (“IFRS”), this press release includes the following Non-IFRS financial measures: Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS operating expense, Non-IFRS net income, Non-IFRS selling, general and administrative, Non-IFRS research and development, Non-IFRS other income (expense), Non-IFRS income tax benefit (expense), Non-IFRS diluted earnings per share (“EPS”), Non-IFRS adjusted EBITDA, Non-IFRS adjusted free cash flow and any related margins. We define each of Non-IFRS gross profit, Non-IFRS selling, general and administrative, Non-IFRS research and development, Non-IFRS operating profit, Non-IFRS other income (expense), Non-IFRS income tax benefit (expense) and Non-IFRS net income as gross profit, selling, general and administrative, research and development, operating profit, other income (expense), income tax benefit (expense), and net income, respectively, adjusted for share-based compensation, structural optimization, amortization of acquired intangibles and other acquisition related charges, impairment of long-lived assets, revaluation of equity investments, restructuring charges, tax matters, and any associated income tax effects. We define Non-IFRS operating expense as Non-IFRS gross profit minus Non-IFRS operating profit. We define Non-IFRS diluted EPS as Non-IFRS net income divided by the diluted shares outstanding. We define Non-IFRS adjusted free cash flow as cash flow provided by (used in) operating activities less purchases of property, plant and equipment and intangible assets plus proceeds from government grants related to capital expenditures. We define Non-IFRS adjusted EBITDA as net income adjusted for the impact of finance expense, finance income, income tax expense (benefit), depreciation and amortization, share-based compensation, restructuring charges, impairment of long-lived assets, revaluation of equity investments, structural optimization, litigation claims and acquisition related charges. We define each of Non-IFRS gross margin, Non-IFRS operating margin, Non-IFRS net income margin, Non-IFRS adjusted free cash flow margin and Non-IFRS adjusted EBITDA margin as Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS net income, Non-IFRS adjusted free cash flow and Non-IFRS adjusted EBITDA, respectively, divided by net revenue. Any adjustments described above that are zero for a given period are excluded from the “Reconciliation of IFRS to Non-IFRS” table. See “Reconciliation of IFRS to Non-IFRS” section for a detailed reconciliation of Non-IFRS financial measures to the most directly comparable IFRS measure. We believe that in addition to our results determined in accordance with IFRS, these Non-IFRS financial measures provide useful information to both management and investors in measuring our financial performance and highlight trends in our business that may not otherwise be apparent when relying solely on IFRS measures. These 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. Management believes that Non-IFRS adjusted free cash flow as a Non-IFRS measure is helpful to investors as it provides insights into the nature and amount of cash the Company generates in the period. 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 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 comparative measures. Conference Call and Webcast Information GF will host a conference call with the financial community on Tuesday, August 5, 2025 at 8:30 a.m. U.S. Eastern Time (ET) to review the second quarter 2025 results in detail. Interested parties may join the scheduled conference call by registering at https://edge.media-server.com/mmc/p/jgpem5gd/. 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 and Third Party Data This press release includes “forward-looking statements” that reflect our current expectations and views of future events. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding our financial outlook, future guidance, product development, business strategy and plans, and market trends, opportunities and positioning. These statements are based on current expectations, assumptions, estimates, forecasts, projections and limited information available at the time they are made. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” “outlook,” “on track” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a broad variety of risks and uncertainties, both known and unknown. Any inaccuracy in our assumptions and estimates could affect the realization of the expectations or forecasts in these forward-looking statements. For example, our business could be impacted by geopolitical conditions such as the ongoing political and trade tensions with China and the continuation of conflicts in Ukraine and Israel; ongoing political developments in the United States, and in particular, any political and policy-related changes that may impact our industry and the market generally; the imposition of trade controls, tariffs and counter-tariffs between the United States and its trade partners; the market for our products may develop or recover more slowly than expected or than it has in the past; we may fail to achieve the full benefits of our restructuring plan; 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 result in a system disruption, loss of data or damage our reputation; we could experience interruptions or performance problems associated with our technology, including a service outage; global economic conditions could deteriorate, including due to rising inflation and any potential recession; the expected benefits of our announced partnerships may fail to materialize; and our expected results and planned expansions and operations may not proceed as planned if funding we expect to receive (including the planned awards under the U.S. CHIPS and Science Act and New York State Green CHIPS) is delayed or withheld for any reason. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Moreover, we operate in a competitive and rapidly changing market, and new risks may emerge from time to time. You should not rely upon forward-looking statements as predictions of future events. These statements are based on our historical performance and on our current plans, estimates and projections in light of information currently available to us, and therefore you should not place undue reliance on them. Although we believe that the expectations reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Moreover, neither we, nor any other person, assumes responsibility for the accuracy and completeness of these statements. Recipients are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-looking statements as a result of new information, subsequent events or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events. For a discussion of potential risks and uncertainties, please refer to the risk factors and cautionary statements in our 2024 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission (SEC). 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]
