Funding moves GF closer to large-scale production of next-generation gallium nitride chips for a range of RF and high-power applications 

ESSEX JUNCTION, Vt., December 4, 2024 — GlobalFoundries (Nasdaq: GFS) (GF) has received an additional $9.5 million in federal funding from the U.S. government to advance the manufacturing of GF’s essential gallium nitride (GaN) on silicon semiconductors at its facility in Essex Junction, Vermont. The funding moves GF closer to large-scale production of GaN chips. With the ability to handle high voltages and temperatures, GaN chip technology is essential for enabling higher performance and greater energy efficiency across a range of RF and high-power control applications including automobiles, datacenter, IoT, aerospace and defense. 

With the award, GF will continue to add new tools, equipment and prototyping capabilities to its market-leading GaN IP portfolio and reliability testing as the company moves closer to full-scale manufacturing of its 200mm GaN chips in Vermont. GF is committed to creating a fast and efficient path for customers to realize new innovative designs and products that leverage the unique efficiency and power management benefits of GaN chip technology. 

“GF is proud of its leadership in GaN chip technology, which is positioned to make game-changing advances across multiple end-markets and enable new generations of devices with more energy-efficient RF performance and faster-charging, longer-lasting batteries,” said Nicholas Sergeant, vice president of IoT and aerospace and defense at GF. “We appreciate the U.S. government’s partnership and ongoing support of our GaN program. Realizing full-scale GaN chip manufacturing will be a catalyst for innovation, for both our commercial and government partners, and will add resilience and strengthen the semiconductor supply chain.” 

The new funding, awarded by the U.S. Department of Defense’s Trusted Access Program Office (TAPO), represents the latest federal investment to support GF’s GaN program in Vermont.  

“This strategic investment in critical technologies strengthens our domestic ecosystem and national security, and ensures these assets are readily available and secure for DoD utilization. In concert with key partners, this approach fortifies defense systems, empowering resilience and responsiveness,” said Dr. Nicholas Martin, Director at Defense Microelectronics Activity. 

In total, including the new award, GF has received more than $80 million since 2020 from the U.S. government to support research, development and advancements to pave the way to full-scale GaN chip manufacturing. 

Vermont is a U.S.-accredited Trusted Foundry and the global hub of GF’s GaN program, with longstanding leadership in 200mm semiconductor manufacturing. In July 2024, GF acquired Tagore Technology’s Gallium Nitride Power portfolio and created the GF Kolkata Power Center in Kolkata, India. The center is closely aligned with and supports GF’s facility in Vermont, and is helping advance GF’s research, development and leadership in GaN chip manufacturing. 

About GF  

GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com. 

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

Forward-looking Information 

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

Media Contact: 

Michael Mullaney 
[email protected] 

Partnership will deliver 100% European-manufactured and tested smart card technology for secure and seamless transactions

MALTA, N.Y., November 25 2024 – Today GlobalFoundries (Nasdaq: GFS) (GF) announced its collaboration with IDEMIA Secure Transactions (IST), a division of IDEMIA Group, to deliver IST’s new smart card IC on GF’s 28ESF3 process technology platform. This announcement marks a two-year partnership to create a 100% European value chain and efficient one-stop-shop solution for the next generation of IST’s smart card technology.

Announced at GF’s annual Technology Summit in 2023, GF’s 28ESF3 platform integrates ESF3 embedded non-volatile memory (NVM) into the GF 28SLPe foundry process. The platform offers a unique value proposition for smart card solutions, delivering improved data retention, low read latency and enhanced power efficiency. The platform also offers customers significant cost and time savings for developers through a streamlined manufacturing process with 40% less complexity than competitive platforms, readily accessible Smart Card Flash macros and custom macro design that simplify integration and accelerate time to market.

This collaboration also highlights GF’s extensive turnkey service offerings, including the availability of wafer sort using Known-Good-Die (KDG) methodology. Through this process, GF will supply die products that meet the high quality and reliability requirements for smart card solutions while streamlining the path to production.

“As digitization continues to modernize our essential financial services, GF recognizes the importance of delivering smart card and digital payment innovations that prioritize security, privacy and convenience,” said Kamal Khouri, vice president and general manager of GF’s feature-rich CMOS product line. “We are bringing those priorities forward through this partnership with IST and advancing future-ready smart card solutions with key integrations for memory and power that optimize performance and reliability.”

“Building the first 100% European value chain for smartcards based on GF’s 28ESF3 technology is a major step for IDEMIA Secure Transactions. The collaboration between GF and IST R&D teams has led to the development of the first secure element for payment applications. Our strategy targets banking and connectivity solutions addressing the challenges of the post-quantum cryptography, for which the 28-nanometer chip technology is particularly suited,” said Andrea Bonzo, CTO of IDEMIA StarChip, IDEMIA Secure Transactions.

The new smartcard IC is scheduled for mass production by 2026 at GF’s high-volume manufacturing facility in Dresden, Germany. As an ISO 15048 EAL6-certified facility, GF’s Dresden facility meets the highest standards for manufacturing security products like smart card technologies, ensuring an efficient and secure supply chain that saves customers considerable time and costs.

About GF

GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com.

About IDEMIA Group

IDEMIA Group unlocks simpler and safer ways to pay, connect, access, identify, travel and protect public places. With its long-standing expertise in biometrics and cryptography, IDEMIA develops technologies of excellence with an impactful, ethical, and socially responsible approach. Every day, IDEMIA secures billions of interactions in the physical and digital worlds.

IDEMIA Group brings together three market-leading businesses that enable mission-critical solutions:

• IDEMIA Secure Transactions is the leading technology provider who unlocks safer and easier ways to pay and connect.
• IDEMIA Public Security is a leading global provider of biometric solutions that unlock convenient and secure travel, access, and protection.
• IDEMIA Smart Identity leverages the power of cryptographic and biometric technologies to unlock a single trusted identity for all.

With a global team of nearly 15,000 employees, IDEMIA Group is trusted by over 600 governmental organizations and more than 2,400 enterprises in over 180 countries. For more information, visit www.idemia.com and follow @IDEMIAGroup on X.

Forward-looking Information

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

Media Contact:

GlobalFoundries
Stephanie Gonzalez
[email protected]

Up to $1.5 billion from CHIPS and Science Act to support GF’s New York expansion plans and Vermont facility modernization 

Additional $550 million from New York State confirmed   

MALTA, NY, November 20, 2024 — GlobalFoundries (Nasdaq: GFS) (GF) and the U.S. Department of Commerce have announced an award of up to $1.5 billion in direct funding to GF through the CHIPS and Science Act. The award follows the previously signed preliminary memorandum of terms announced in February 2024 and will enable GF to expand its essential chip manufacturing and technology development in the U.S., strengthening supply chains and supporting customers across a range of vital end-markets including automotive, smart mobile devices, IoT, datacenters, and aerospace and defense. 

“The idea of strengthening U.S. semiconductor manufacturing has been five-plus years in the making. With bipartisan support, that idea evolved into the CHIPS and Science Act,” said Dr. Thomas Caulfield, president and CEO of GF. “GF’s essential chips are at the core of U.S. economic, supply chain and national security. We greatly appreciate the support and funding from both the U.S. Government and the states of New York and Vermont, which we will use to ensure our customers have the American-made chips they need to succeed and win.” 

GF’s CHIPS and Science Act award will support three projects: 

• Expansion of GF’s existing Malta, New York, fab by adding critical technologies already in production at GF’s Singapore and Germany facilities, to enable a secure and reliable supply of domestically manufactured essential chips for the U.S. auto industry. 

• Modernization and upgrading of GF’s existing fab in Essex Junction, Vermont, to expand production capacity and create one of the world’s leading facilities capable of high-volume manufacturing of next-generation gallium nitride (GaN) semiconductors for use in electric vehicles, data centers, IoT, smartphones and other critical applications. 

• In alignment with market conditions and customer demand, construction of a new state-of-art fab on GF’s Malta, New York, campus to meet expected demand for U.S.-made essential chips across a broad range of markets and applications including automotive, AI in the data center and at the edge, as well as aerospace and defense.  

The two New York-based projects are expected to triple the existing capacity of GF’s Malta campus over the next 10-plus years, in alignment with expected market requirements and customer demand. Construction of the new fab will leverage the GF site’s existing infrastructure and ecosystem, enabling a fast and efficient path from construction to production. 

In aggregate, these projects represent more than $13 billion of investment over the next 10-plus years across GF’s two U.S. sites. This investment includes the $1.5 billion CHIPS and Science Act award, more than $550 million in support from the New York State Green CHIPS Program, as well as funding and support from Vermont, GF ecosystem partners and key strategic customers, and other incentives. 

Combined, these investments are expected to create close to 1,000 direct manufacturing jobs and more than 9,000 construction jobs over the life of these projects.  

GF’s fabs in New York and Vermont are both Trusted Foundry accredited and manufacture secure chips in partnership with the U.S. government. 

As part of its CHIPS and Science Act award, to attract and cultivate a pipeline of semiconductor talent in New York and Vermont, GF will continue to invest in and develop new workforce development efforts including curriculum development, internship and apprenticeship programs, K-12 STEM outreach, as well as additional education and training programs. 

Consistent with GF’s longstanding commitment to our communities and the environment, GF’s design and construction plans for its expansions and modernizations in New York and Vermont will reflect the company’s sustainability goals for future operations. 

About GF  

GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com. 

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

Forward-looking Information 

This press release includes “forward-looking statements” that reflect our current expectations and views of future events. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding our financial outlook, future guidance, product development, business strategy and plans, and market trends, opportunities and positioning. These statements are based on current expectations, assumptions, estimates, forecasts, projections and limited information available at the time they are made. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” “outlook,” “plan” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a broad variety of risks and uncertainties, both known and unknown. Any inaccuracy in our assumptions and estimates could affect the realization of the expectations or forecasts in these forward-looking statements. For example, our business could be impacted by geopolitical conditions such as the ongoing political and trade tensions with China and the wars in Ukraine and Israel; domestic political developments, including with respect to the incoming U.S. presidential administration; 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 increasing interest rates, rising inflation and any potential recession; and our expected results and planned expansions and operations may not proceed as planned if funding we expect to receive (including the awards under the CHIPS and Science Act and New York State Green CHIPS Program) 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. 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. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-looking statements as a result of new information, subsequent events or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events. Investors are urged to review in detail the risks and uncertainties discussed in our 2023 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission.  

Media Contact: 

Michael Mullaney 
[email protected] 

GF to host championship event at its Essex Junction facility in January 2025

Essex Junction, Vt., Nov. 12, 2024 – GlobalFoundries (Nasdaq: GFS) (GF) is proud to announce its sponsorship of the 2024-25 FIRST® LEGO® League (FLL) program in Vermont, reinforcing GF’s commitment to community engagement, K-12 STEM (science, technology, engineering, and mathematics) education, and workforce development. As part of this sponsorship, GF will host the FLL Vermont State Championship at its Essex Junction facility on January 18, 2025. The event will be supported by local GF volunteers, showcasing the company’s strong community involvement.

This sponsorship builds on GF’s longstanding relationship with the FIRST organization in Vermont through which GF employees have actively mentored FIRST teams across local communities, logging over 1,300 volunteer hours last year alone. Becoming the FLL State Sponsor showcases the company’s commitment to building a strong STEM ecosystem and nurturing the next generation of innovators and problem-solvers.

“We are thrilled to be the state sponsor for FIRST LEGO League in Vermont. Every year, our employees invest countless hours as mentors, coaches, and volunteers for the FIRST program, highlighting GF’s dedication to community and workforce development,” said Ken McAvey, vice president and general manager of Vermont Operations and Global Facilities at GF. “GF is committed to cultivating a diverse and skilled semiconductor workforce, and our partnership with FIRST reflects our strong support for their mission to engage students in STEM education from an early age. We look forward to hosting the FLL State Championship, hoping it inspires students to pursue careers in STEM, especially in the semiconductor industry where they can help shape what’s essential.”

FIRST LEGO League (FLL) Challenge, which serves students in grades 4-8 throughout Vermont, has seen significant growth. In the 2023-24 season, Vermont hosted 63 FLL Challenge teams statewide, and projections for the current season estimate over 80 teams. This growth is made possible through the collaboration between GF and FIRST in Vermont. FIRSTinVT is a non-profit organization dedicated to establishing and enhancing FIRST teams at all program levels by building sustainable relationships between teams and community partners.

“FIRST in Vermont is excited to collaborate with GF to expand the reach and impact of the FIRST LEGO League program in Vermont,” said Joe Chase, Vermont FLL program delivery partner. “GF’s ongoing support is crucial in providing students with the opportunity to engage in hands-on STEM learning and develop critical skills for the future. Together, we are building a strong foundation for the next generation of leaders and innovators.”

GF’s facility in Essex Junction, Vermont, near Burlington, was among the first major semiconductor manufacturing sites in the United States. Today, around 1,800 GF employees work at the site. Built on GF’s differentiated technologies, these GF-made chips are used in smartphones, automobiles, and communications infrastructure applications around the world.

About FIRST LEGO League

FIRST® LEGO® League guides youth through STEM learning and exploration at an early age. From Discover, to Explore, and then to Challenge, students will understand the basics of STEM and apply their skills in an exciting competition or exhibition while building habits of learning, confidence, and teamwork skills along the way.

About GF

GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com.

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

Contact:
Gina DeRossi
GF
[email protected]
518-491-5965

Building on years of collaboration, this new process technology collaboration will provide power-efficient and secure connectivity solutions for essential consumer and industrial applications manufactured both in Europe and the U.S.

MALTA, N.Y. and EINDHOVEN, Netherlands, October 23, 2024– GlobalFoundries (Nasdaq: GFS) (GF) and NXP Semiconductors (NASDAQ: NXPI) today announced collaboration to drive next-generation solutions across a range of end markets including automotive, IoT and smart mobile devices. This collaboration leverages GF’s 22FDX® process technology platform and global manufacturing footprint to optimize the power, performance and time-to-market of NXP’s solutions. GF’s 22FDX chips will be manufactured in Dresden and Malta, New York, providing NXP geographically diverse supply for their customers.

The new collaboration, building on the longtime relationship between NXP and GF, will enable NXP to provide more compact and power-efficient solutions while increasing the overall performance of their system solutions. The companies will leverage GF’s 22FDX platform, which optimizes performance by dynamically adjusting to the lowest possible voltage, delivering ultra-low power consumption and high performance for the most demanding applications. Purpose-built for intelligence at the edge, 22FDX optimizes energy management to deliver up to 50% higher performance and 70% less power used versus other planar CMOS technologies.

“NXP’s innovative portfolio of high-performance solutions is crucial to enabling the essential technologies at the center of our increasingly connected world,” said Andy Micallef, executive vice president and chief operations and manufacturing officer at NXP.  “GF’s 22FDX platform’s power efficiency and enhanced performance effectively enables our customers to build the next generation of connected and secure solutions. Additionally, GF’s robust manufacturing presence for 22FDX in Germany and the U.S. helps support our goals of having supply control and geographic resilience in our manufacturing base.”

“Our close collaboration for over a decade has been a testament to the strength of our shared vision and commitment,” said Niels Anderskouv, chief business officer at GF. “As we move forward, we’re excited to build on this foundation and further enable NXP’s next-generation solutions with high-power efficiency and optimal performance, without customers needing to compromise on either.”

The 22FDX platform also maximizes performance per area by integrating digital, analog, RF, power management, and non-volatile memory (NVM) onto a single die. With best-in-class RF connectivity, 22FDX delivers responsive and reliable wireless connectivity for simple and secure connections. Integrated NVM reduces power consumption and latency while improving security, especially important given the growing memory footprint for Edge AI processors. Through this integration, NXP will create a one-stop shop platform to serve multiple markets while maximizing IP reuse.

With technology qualified for Automotive Grade 1 and 2 applications, 22FDX ensures exceptional reliability in extreme automotive conditions. As part of GF’s AutoPro™ solutions, the 22FDX platform includes advanced temperature-resistant capabilities up to 150°C junction temperature, which is critical to ensuring the long-term durability and safety of vehicle electronic systems.

Built on a rich heritage of FDX innovation, GF has a robust portfolio of silicon and product-proven IP for Automotive, Communications, and IoT applications. With a secure, global supply chain, GF has shipped more than 3 billion FDX chips to customers worldwide from Dresden and is now also shipping from Malta, N.Y.

Following the companies’ previous joint development of 40nm NVM technology, GF is well positioned to support NXP’s next-gen solutions for years to come through its ongoing innovations to its FDX and FDX+ platforms.

About GF

GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com. 

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) is the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. NXP’s “Brighter Together” approach combines leading-edge technology with pioneering people to develop system solutions that make the connected world better, safer, and more secure. The company has operations in more than 30 countries and posted revenue of $13.28 billion in 2023. Find out more at www.nxp.com.

Media Contact:

GlobalFoundries
Stephanie Gonzalez
[email protected]

NXP Semiconductors
Paige Iven
[email protected]