December 1, 2025 Seasoned corporate development leader to drive mergers, acquisitions and strategic partnerships to accelerate growth MALTA, N.Y., Dec. 1, 2025 – GlobalFoundries (NASDAQ: GFS) (GF) today announced the appointment of Matthew Zack as Chief Corporate Development Officer (CCDO), reporting to Chief Executive Officer Tim Breen and joining the company’s executive leadership team. An experienced corporate development executive with a proven track record of driving strategic growth through acquisitions and partnerships, Zack will lead all aspects of GF’s worldwide corporate development efforts. As GF continues to expand its global technology portfolio, key areas of focus for Zack will include mergers and acquisitions (M&A), strategic partnerships, targeted venture investments to complement GF’s portfolio, and post-close integration to accelerate innovation and deliver differentiated solutions for customers. Zack joins GF from Synopsys, where he co-led the integration management office for the $35B Synopsys-Ansys transaction, one of the largest strategic combinations completed in the semiconductor ecosystem to date. Prior to that, Zack served eight years as Global Head of Corporate Development at Ansys, where he delivered meaningful growth through more than 20 acquisitions and strategic partnerships with industry leaders, helping to reshape the company’s portfolio and drive its market cap from $8B to over $35B. Before joining Ansys, Zack held various leadership positions at SAP, Ariba and FreeMarkets. Zack also serves as chair of the board at EdgeCase, an AI startup focused on enabling safe deployment of complex systems. “Matt joins us with a proven track record of driving impact through thoughtful, strategic corporate development leadership,” said Tim Breen, CEO of GF. “His experience in shaping transformative deals and building partnerships will help us execute our inorganic growth strategy and deliver even greater value for our customers and stakeholders.” “GF is a global leader in the mission-critical semiconductor industry,” said Zack. “I look forward to working with this talented team to identify and execute opportunities that strengthen GF’s technology portfolio, accelerate innovation for customers worldwide and drive growth for our shareholders.” 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. 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: Kenneth Craig [email protected]
