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GlobalFoundries (GF) and Renesas Electronics Corporation announced an expanded strategic collaboration through a multi-billion-dollar manufacturing partnership that broadens Renesas’ access to GF’s differentiated technology platforms. The companies said the agreement is designed to support more secure, resilient supply chains and aligns with U.S. priorities to reinforce domestic semiconductor production for economic and national security.
With vehicles becoming more intelligent and electrified and factories increasingly automated, both companies emphasized that dependable semiconductor supply is now mission-critical. Chips used for functions such as radar-based advanced driver assistance, battery management in EVs and secure connectivity in industrial IoT systems require consistent availability and high reliability. GF’s manufacturing footprint across the U.S., Europe and Asia is positioned to provide supply assurance and flexibility for these markets.
Under the expanded partnership, Renesas will gain broader access to GF’s portfolio, including FDX™ (FD-SOI), BCD and feature-rich CMOS technologies with non-volatile memory features, supporting products such as SoCs, power devices and MCUs. The companies said tape-outs under the expanded collaboration are on track to begin in mid-2026.
The agreement is expected to start with manufacturing in the U.S. and extend across GF’s global network, including sites in Germany and Singapore, as well as through GF’s manufacturing partnership in China. Renesas and GF also said they are evaluating the option of porting select GF process technologies into Renesas’ inhouse fabs in Japan to further strengthen manufacturing resilience and support future capacity needs.
“This partnership strengthens a proven relationship and underscores GF’s role as a trusted partner for essential semiconductor technologies,” said Tim Breen, CEO of GlobalFoundries. He pointed to the rapid evolution of automotive electronics and the growing importance of semiconductors in systems such as advanced driver assistance, battery management and secure connectivity, areas where GF’s differentiated platforms are designed to deliver performance and efficiency under demanding conditions.
“Access to a broader range of GF technologies gives us the flexibility and supply assurance our customers need,” said Hidetoshi Shibata, CEO of Renesas. He added that the expanded partnership is intended to provide stable, long-term supply while maintaining high quality and reliability, as demand accelerates for electrification, connectivity and rising compute requirements driven by AI applications.
GF noted that with the expanded partnership, it now manufactures semiconductors used by the top three automotive MCU manufacturers globally. The companies positioned the collaboration as timely support for the automotive shift toward software-defined vehicles, electrification and advanced safety systems, all of which depend on a secure and resilient semiconductor supply chain.
Original – GlobalFoundries
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GLOBALFOUNDRIES Inc. reported preliminary financial results for the fourth quarter and full year ended December 31, 2025, highlighting strong execution, margin expansion and strategic portfolio growth.
GF generated revenue of $1.830 billion in the fourth quarter. Gross margin was 27.8%, with Non-IFRS gross margin at 29.0%. Operating margin reached 13.9%, while Non-IFRS operating margin was 18.3%.
Net income totaled $200 million, with Non-IFRS net income of $310 million. Diluted earnings per share were $0.36, compared with Non-IFRS diluted EPS of $0.55. Non-IFRS adjusted EBITDA came in at $641 million.
The company ended the quarter with $4.0 billion in cash, cash equivalents and marketable securities. Net cash provided by operating activities was $374 million, and Non-IFRS adjusted free cash flow totaled $264 million.
For the full year, GF reported revenue of $6.791 billion. Gross margin was 24.9%, with Non-IFRS gross margin at 26.1%. Operating margin reached 11.7%, and Non-IFRS operating margin was 15.7%.
Net income for the year was $888 million, with Non-IFRS net income of $965 million. Diluted EPS came in at $1.59, while Non-IFRS diluted EPS was $1.72. Non-IFRS adjusted EBITDA reached $2.357 billion.
Net cash provided by operating activities totaled $1.731 billion for the year, with Non-IFRS adjusted free cash flow of $1.157 billion.
“GF delivered a strong fourth quarter, with revenue, gross margin, operating margin and earnings per share at or above the high end of the guidance ranges,” said Tim Breen, CEO of GF. He highlighted nearly 400 basis points of year-over-year improvement in Non-IFRS gross margin during the fourth quarter, driven by disciplined cost management and strong execution. He also noted that recent acquisitions are expanding GF’s capabilities as a diversified technology solutions provider aligned with AI data center, Physical AI and on-shoring megatrends.
GF’s Board of Directors approved a new share repurchase authorization of up to $500 million of common stock. The program is valid for 12 months and allows the company to repurchase shares through open market transactions, privately negotiated transactions or other permitted methods. The timing and amount of repurchases will depend on market conditions and other factors.
In January 2026, GF announced a definitive agreement to acquire Synopsys’ ARC Processor IP Solutions business. The acquisition includes ARC-V, ARC-Classic, ARC VPX-DSP and ARC NPX NPU product lines, along with ASIP processor tools. These assets will be integrated with MIPS, a GlobalFoundries company, to create a comprehensive processor IP suite tailored for physical AI applications. The transaction is expected to close in the second half of 2026.
In November 2025, GF announced a long-term strategic partnership with Navitas to accelerate U.S.-based gallium nitride (GaN) technology, design and manufacturing for high-power applications such as AI data centers, performance computing, grid infrastructure and industrial electrification.
That same month, GF acquired Advanced Micro Foundry (AMF), a Singapore-based silicon photonics manufacturer, to accelerate its silicon photonics roadmap and expand its footprint in AI data centers and advanced telecom networks. GF also acquired Infinilink, an Egypt-based design company specializing in high-speed connectivity chips and silicon photonics, enhancing its in-house design capabilities and strengthening customer optical roadmaps.
Original – GlobalFoundries
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GlobalFoundries (GF) announced the appointment of Ganesh Moorthy, former president and CEO of Microchip Technology Inc., to its board of directors.
Moorthy brings more than four decades of semiconductor experience, including transformative leadership at Microchip Technology, where he served as CEO, president and board member until his retirement in November 2024. He previously held senior roles including COO and executive vice president, and earlier spent 19 years at Intel in engineering and executive positions across manufacturing, product innovation and customer-focused execution.
“Ganesh’s deep understanding of semiconductor technology, manufacturing at scale and corporate growth will be a tremendous asset to GF as we continue to execute our strategy and expand our leadership in essential semiconductor technologies,” said Dr. Thomas Caulfield, Executive Chairman of GlobalFoundries. “His leadership experience will help us accelerate innovation and strengthen GF’s role as a trusted partner delivering essential technologies that bring intelligence into the real world.”
“GlobalFoundries is uniquely positioned to bring intelligence to everyday devices through differentiated, power-efficient semiconductors manufactured at scale,” said Ganesh Moorthy. “I’m excited to work with Tom, Tim and the Board to advance GF’s strategy, deepen customer partnerships and accelerate delivery of the technologies customers need to turn innovation into real-world impact.”
Moorthy currently serves as Chair of the Board of Ralliant and sits on the boards of Celanese, SiTime and Ayar Labs. He previously served for more than a decade on the board of Rogers. His appointment supports GF’s long-term growth strategy and commitment to a resilient manufacturing footprint delivering power-efficient, differentiated technologies to customers worldwide.
Original – GlobalFoundries
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onsemi announced a collaboration agreement with GlobalFoundries to co-develop and manufacture advanced gallium nitride (GaN) power products on GF’s state-of-the-art 200 mm eMode GaN-on-silicon process, beginning with 650 V devices. The partnership pairs GF’s process platform with onsemi’s silicon drivers, controllers and thermally enhanced packaging to enable smaller, higher-efficiency systems for AI data centers, automotive, industrial, and aerospace, defense and security applications.
The roadmap targets power supplies and DC-DC converters for AI infrastructure, onboard chargers and DC-DC converters for electric vehicles, solar microinverters and energy storage systems, as well as motor drives and other high-growth industrial and mission-critical markets. By combining device technology and package integration, the companies aim to raise power density, improve efficiency and simplify system design.
“This collaboration brings together onsemi’s system and product expertise with GlobalFoundries’ advanced GaN process to deliver new 650 V power devices for high-growth markets. Paired with our silicon drivers and controllers, these GaN products will enable customers to innovate and build smaller, more efficient power systems for AI data centers, EVs, space applications and beyond. We are on track to begin providing samples to customers in the first half of 2026, and scale rapidly to volume production,” said Dinesh Ramanathan, Senior Vice President of Corporate Strategy, onsemi.
“By combining our 200 mm GaN-on-Si platform and U.S.-based manufacturing with onsemi’s deep system and product expertise, we’re accelerating high-efficiency solutions and building resilient supply chains for data centers, automotive, industrial, aerospace and defense, and other critical markets,” said Mike Hogan, Chief Business Officer, GlobalFoundries.
The effort expands onsemi’s intelligent power portfolio across low, medium and high-voltage lateral GaN and ultra high-voltage vertical GaN, enabling next-generation architectures that deliver more power in smaller footprints. Advantages include higher-frequency operation to reduce component count and size, bidirectional capability to unlock new topologies, and increased integration that combines GaN FETs with drivers, controllers, isolation and protection for faster design cycles and lower EMI.
Sampling is planned to begin in the first half of 2026.
Original – onsemi
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Siemens and GlobalFoundries have formed a new strategic collaboration to combine complementary AI-driven capabilities that enhance semiconductor manufacturing and adjacent advanced industries, targeting gains in efficiency, security and reliability. Under a new memorandum of understanding, the companies will focus on fab automation, electrification, and digital solutions and software spanning chip development through product lifecycle management.
A central element of the collaboration is the deployment of AI-enabled software, sensors and real-time control systems in fab automation to address rising demand for reliable semiconductors and autonomous platforms. By leveraging centralized automation and predictive maintenance, Siemens and GF aim to increase equipment availability and operational efficiency in chip production, with solutions designed to scale across other advanced industries. The partners intend to develop and deploy these capabilities within their own operations to deliver enhanced offerings.
The expanded relationship comes amid unprecedented demand for essential semiconductors and autonomous platforms in artificial intelligence, defense, energy and connectivity. By teaming up, Siemens and GF plan to accelerate growth, strengthen security and reliability, and extend their impact across the ecosystem.
“Our economy runs on Silicon—one wafer at a time. Chips are critical for applications like robotics or connectivity and for bringing AI into the physical world and industry. We are collaborating to make global semiconductor supply chains more resilient and to enable efficient localized manufacturing around the world,” said Cedrik Neike, Member of the Managing Board of Siemens AG and CEO Digital Industries.
“Secure, locally manufactured semiconductors are at the core of the AI transition—from cloud to the physical world, bringing intelligence into devices we use every day and enabling applications we couldn’t imagine a few years ago,” said Tim Breen, CEO of GlobalFoundries. “Our unique collaboration with Siemens allows us to go faster—to build the technologies that make this possible—differentiated, energy-efficient, connected and secure chips across a wide range of next-generation applications.”
Siemens brings a comprehensive portfolio of industrial, energy and building automation and digitalization technologies, including advanced software for chip design and manufacturing, fab automation and product lifecycle management. Using these solutions, the companies will enable collaboration across the semiconductor lifecycle and deliver high-performance, reliable devices at scale.
GF, together with MIPS, a GF company and global leader in RISC-V processor IP, contributes process technology and design capabilities to accelerate tailored solutions that support Siemens’ goal of enabling autonomous platforms and physical AI chips at scale. The publicly listed U.S. company operates manufacturing facilities in the USA, Asia and Europe, including Europe’s largest semiconductor production site in Dresden with approximately 3,000 employees.
Original – GlobalFoundries
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GlobalFoundries announced that its Board of Directors has appointed Sam Franklin as Chief Financial Officer. Franklin previously served as Senior Vice President of Business Finance & Operations and Investor Relations and most recently as Interim CFO.
“We are delighted to have Sam formally appointed as CFO,” said Tim Breen, CEO of GF. “His proven leadership and financial expertise will accelerate GF’s momentum and capitalize on the significant opportunities ahead. As we continue to drive profitability and deliver differentiated technologies for the scaling of AI from the data center to the physical world, Sam’s ability to deliver results and partner across the organization will be critical to our success.”
Franklin brings extensive financial leadership experience and a strong record of driving operational excellence and strategic growth. Since joining GF in 2022, he has held senior roles spanning finance operations, business finance, investor relations, capital markets and treasury. His deep understanding of GF’s business and commitment to disciplined financial management position him to lead the company’s finance and operations organization as GF advances its long-term strategy.
“I am thrilled to take on this role and support the acceleration of GF’s mission to deliver essential chip technologies to our customers,” said Franklin. “As the secular drivers and demand for semiconductors continue to ramp, GF is building a strong foundation for its next phase of robust, sustainable and profitable growth. I look forward to working with our talented teams across the world to advance our strategic priorities, drive operational excellence and create long-term value for our shareholders.”
Original – GlobalFoundries
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GlobalFoundries has announced the appointment of Matthew Zack as Chief Corporate Development Officer (CCDO), reporting directly to Chief Executive Officer Tim Breen. Zack will also join the company’s executive leadership team and lead GlobalFoundries’ global corporate development strategy.
With extensive experience in corporate development and strategic growth, Zack will oversee mergers and acquisitions, strategic partnerships, venture investments, and post-transaction integration. His appointment supports GlobalFoundries’ ongoing efforts to expand its technology portfolio and deliver differentiated solutions for a global customer base across critical industries.
Zack brings a strong track record of success in the semiconductor and enterprise software sectors. Most recently, he co-led the integration management office for the $35 billion Synopsys-Ansys transaction, one of the largest combinations in the history of the semiconductor ecosystem. Prior to that, Zack served for eight years as Global Head of Corporate Development at Ansys, where he played a key role in over 20 acquisitions and strategic partnerships, helping to expand the company’s market capitalization from $8 billion to over $35 billion.
Earlier in his career, Zack held leadership roles at SAP, Ariba, and FreeMarkets. He also serves as Chair of the Board at EdgeCase, an AI startup focused on the 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, Chief Executive Officer of GlobalFoundries. “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.”
Zack’s appointment reflects GlobalFoundries’ continued focus on building long-term value through both organic and inorganic growth initiatives in a dynamic global semiconductor landscape.
Original – GlobalFoundries
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Rensselaer Polytechnic Institute (RPI), the United States’ first technological research university, and GlobalFoundries Inc. have announced a new strategic partnership to advance collaboration in semiconductor research, education, and workforce development.
This partnership builds on a longstanding relationship between the two institutions, reinforcing their shared commitment to semiconductor innovation and talent cultivation. Under the agreement, RPI and GlobalFoundries will implement new educational initiatives, joint research programs, and industry engagement opportunities aimed at preparing the next generation of leaders in the semiconductor industry.
As part of the partnership, GlobalFoundries has endowed two Dean’s Faculty Fellows in RPI’s School of Engineering to recognize outstanding mid-career faculty in semiconductor-related fields. The company has also supported students participating in RPI’s Community College Scholars Program, fostering early engagement in semiconductor education.
A key feature of the collaboration is an ongoing curriculum development initiative that integrates industry expertise into RPI’s Microelectronics Manufacturing courses. Led by GlobalFoundries professionals, the program includes guest lectures and site visits to manufacturing facilities, offering students real-world insights into semiconductor production. Now in its fourth year, the program has involved nearly 200 graduate and undergraduate students.
GlobalFoundries continues to serve as a major employer of RPI graduates, with over 150 alumni currently working at the company. Each year, RPI students are recruited for internships and full-time roles, strengthening the talent pipeline. The collaboration is further supported by RPI’s presence at the Albany NanoTech Complex, where both institutions maintain active research efforts, and through participation in GF’s University Partnership Program, which fosters academic-industry collaboration in chip design innovation.
As part of the formalized relationship, RPI has designated GlobalFoundries as a strategic university partner and integrated the company into its Industry Engagement Program (IEP). The partnership will be overseen by RPI’s Office of Strategic Alliances and Translation (OSAT), which coordinates corporate collaboration and research translation initiatives.
The roadmap for this strategic alliance includes plans to expand into joint faculty exchanges, advanced R&D initiatives, and enhanced academic-industrial alignment in semiconductor technologies.
Both organizations reaffirmed their shared vision of advancing semiconductor innovation and contributing to economic development in New York State and beyond through collaborative research, education, and workforce development.
Original – GlobalFoundries
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GlobalFoundries and Navitas Semiconductor have announced a long-term strategic partnership focused on advancing gallium nitride (GaN) technology, design, and manufacturing capabilities within the United States. This collaboration aims to deliver next-generation GaN solutions for high-power applications including AI datacenters, performance computing, energy infrastructure, and industrial electrification—markets where power density and energy efficiency are critical.
Navitas Semiconductor, a pioneer in GaN and high-voltage silicon carbide (SiC) technologies, has already achieved volume GaN adoption across applications such as mobile fast chargers, performance computing, electric vehicles, and energy storage. Through this new initiative, the company plans to accelerate the deployment of GaN in high-power domains.
GlobalFoundries brings decades of semiconductor manufacturing experience, with a focus on scalable and high-reliability production. Under this partnership, the companies will jointly develop and manufacture GaN technology at GlobalFoundries’ Burlington, Vermont facility. Initial development is scheduled for early 2026, with volume production expected to begin later that year.
By combining GlobalFoundries’ advanced manufacturing infrastructure with Navitas Semiconductor’s proven device technology, the partnership is set to offer customers secure, high-performance GaN solutions developed domestically. The collaboration supports national security priorities and the transition to cleaner energy systems.
“GaN is transforming how the world moves power. This partnership represents a significant step forward for U.S. semiconductor leadership and the deployment of GaN technology to address essential applications,” said Tim Breen, CEO of GlobalFoundries.
Chris Allexandre, President and CEO of Navitas Semiconductor, added: “Our collaboration with GlobalFoundries ensures that Navitas can deliver the performance, efficiency, and scale required by high-power markets. Together, we are laying the foundation for next-generation applications essential to national competitiveness and energy sustainability.”
Original – Navitas Semiconductor
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GlobalFoundries Inc. has announced its preliminary financial results for the third quarter ended September 30, 2025, highlighting strong performance across revenue, profitability, and cash flow metrics. The company also shared recent business milestones that reinforce its strategic position in key semiconductor markets.
Third Quarter 2025 Financial Highlights
- Revenue: $1.688 billion
- Gross margin: 24.8%, with non-IFRS gross margin at 26.0%
- Operating margin: 11.6%, with non-IFRS operating margin at 15.4%
- Net income: $249 million, with non-IFRS net income at $232 million
- Diluted earnings per share: $0.44, with non-IFRS diluted EPS at $0.41
- Adjusted EBITDA (non-IFRS): $573 million
- Cash, cash equivalents, and marketable securities: $4.2 billion
- Cash flow from operations: $595 million
- Adjusted free cash flow (non-IFRS): $451 million
“GF delivered a strong third quarter, with revenue, gross margin, operating margin, and earnings per share at the high end of the guidance ranges,” said Tim Breen, CEO of GlobalFoundries. “We continue to see momentum across key applications including automotive, communications infrastructure, and data centers. Our improved product mix is contributing to enhanced profitability, and we are encouraged by the continued interest in our silicon photonics and FDX platforms.”
Recent Business Developments
- In August, GlobalFoundries launched volume production of its Complementary Bi-CMOS (CBIC) platform, a high-performance silicon germanium (SiGe) process optimized for markets requiring energy-efficient, high-speed connectivity such as wireless infrastructure, smartphones, satellite communications, and industrial IoT.
- In October, the company expanded its partnership with Silicon Labs to manufacture wireless SoCs on GF’s new 40nm Ultra Low Power platform at its Malta, New York facility. This builds on its manufacturing footprint in Singapore and Germany and enhances U.S.-based chip supply capabilities.
- Supported by funding under the European Chips Act, GF also announced plans to scale its Dresden facility to produce more than one million wafers annually by the end of 2028. This investment will position the site as the largest of its kind in Europe and support long-term partnerships with customers including NXP, Infineon, Aumovio, and Bosch.
GlobalFoundries continues to execute on its strategy of enabling high-value semiconductor platforms tailored for growth markets, while maintaining financial discipline and expanding global capacity. The company remains focused on long-term innovation across differentiated technologies and regional manufacturing capabilities.
Original – GlobalFoundries
