GlobalFoundries is committed to maintaining an equitable and competitive business environment. Our supplier diversity program promotes business opportunities for diverse suppliers in the various communities we serve. By creating sound business relationships, we strengthen economic development and viability for all parties, while providing a value-added strategy creating a competitive advantage and an innovative edge. The supplier diversity program is an important part of our sourcing efforts. This program helps us to: Match qualified diverse suppliers with the needs of our internal business partnersBuild long-term business relationships with individuals that are reflective of our communitiesCreate business opportunities for diverse suppliersBecome more competitive in a diverse marketplace This program helps us to: Match qualified diverse suppliers with the needs of our internal business partners Create business opportunities for diverse suppliers Build long-term business relationships with individuals that are reflective of our communities Become more competitive in a diverse marketplace We are dedicated to fair and open competition in sourcing. The following categories are recognized as part of the supplier diversity program. Disabled-owned businesses enterprise (DOBE)Historically Underutilized Business (HUB) Zone businessMinority-owned business enterprise (MBE)Service-disabled veteran-owned business enterprise (DVBE)Veteran-owned business enterprise (VBE)Women-owned business enterprise (WBE)Disadvantaged owned business enterprise (DBE)Lesbian-Gay-Bisexual-Transgender owned business enterprise (LGBTQE) Our Supplier Diversity / Small Business Program Consists of: Utilization – We integrate strategies to include competitive sourcing opportunities.; Tracking – We monitor and report our progress towards achieving our program targets with emphasis on continuous improvement.; Qualification – We verify that businesses meet the criteria of ownership to qualify as a minority, woman-owned, disadvantaged or HUB Zone certified firm.Tracking – We monitor and report our progress quarterly towards achieving our program targets with emphasis on continuous improvement and benchmarking with other companies.Outreach – We seek out diverse suppliers through active involvement with small business and minority development organizations. We focus to provide business opportunities for diverse suppliers in sourcing events. We drive awareness of the importance of diverse supplier management within GF’s supply chain. We require our strategic suppliers to have a Tier 2 supplier diversity program.
