Core Insights - GlobalFoundries has completed the acquisition of MIPS, enhancing its position in the semiconductor industry and capabilities in AI and edge computing [1][2] - The merger combines decades of expertise in semiconductor manufacturing and processor IP innovation, allowing GF to provide more differentiated solutions for energy-efficient, high-performance computing [2] Company Overview - GlobalFoundries is a leading manufacturer of essential semiconductors, focusing on high-performance products for various high-growth markets including automotive, smart mobile devices, and IoT [3] - The company operates globally with a manufacturing footprint across the U.S., Europe, and Asia, emphasizing security, longevity, and sustainability in its operations [3] Operational Structure - MIPS will continue to operate as a standalone business within GlobalFoundries, maintaining its licensing model and serving a diverse customer base across multiple technology sectors [2]