Yahoo Finance·2026-03-30 11:57Core Insights - GlobalFoundries has filed multiple patent lawsuits against Tower Semiconductor, alleging infringement of 11 patents related to manufacturing process technologies [8] - The lawsuits aim to prevent Tower from importing and selling products that allegedly violate GlobalFoundries' patents [8] - GlobalFoundries claims that Tower unlawfully used its protected technologies in the production of semiconductors for various sectors, including smart mobile, automotive, and aerospace [3] Company Background - GlobalFoundries was established in 2009 as a chipmaking offshoot of AMD and acquired IBM's microelectronics facilities in 2015, along with thousands of IBM patents [6] - The company reported fourth-quarter revenue of $1.83 billion, driven by demand in artificial intelligence and data centers [6] - GlobalFoundries holds over 8,000 patents, a result of billions of dollars invested over the past decade, while Tower Semiconductor has less than 500 patents [7] Legal Context - The patents in question range from a "high voltage device" to a "self-aligned liner formed on metal semiconductor alloy contacts" [4] - GlobalFoundries is seeking compensation for lost profits due to the alleged infringement [7] - A spokesperson for Tower Semiconductor has denied the allegations and stated that the company will defend itself in court [8]