GlobalFoundries to Acquire MIPS to Accelerate AI and Compute Capabilities

Core Insights - GlobalFoundries (GF) has announced a definitive agreement to acquire MIPS, a leading supplier of AI and processor IP, which will enhance GF's portfolio of customizable IP offerings [1][2] - The acquisition aims to provide more flexible solutions for customers, aligning with the growing demands of AI platforms across various markets, particularly in automotive, industrial, and datacenter applications [2][3] - MIPS will continue to operate as a standalone business within GF after the acquisition, which is expected to be completed in the second half of 2025, pending regulatory approvals [3] Company Overview - MIPS has a 40-year heritage in RISC computing innovation and specializes in compute subsystems for autonomous platforms in automotive, industrial, and embedded markets [4] - MIPS technology is based on the open RISC-V instruction set architecture, which allows for simplified adoption of Physical AI in various applications [4] - GlobalFoundries is a leading semiconductor manufacturer with a global footprint, focusing on delivering high-performance, power-efficient products for high-growth markets [5]