This strategic acquisition will expand GF’s portfolio of customisable IP offerings, allowing it to further differentiate its process technologies with additional IP and software capabilities.

MIPS provides compute subsystems for autonomous platforms for automotive, industrial, and embedded markets and has a long heritage, going back 40 years, in RISC computing innovation and safety capable processing. MIPS is also well positioned to simplify the adoption of Physical AI in industrial robotics and automotive applications.

“MIPS brings a strong heritage of delivering efficient, scalable compute IP tailored for performance-critical applications, which strategically aligns with the evolving demands of AI platforms across diverse markets,” said Niels Anderskouv, president and chief operating officer at GlobalFoundries. “Through this acquisition, we will expand our capabilities to offer customers more flexible, RISC-V-based open platform solutions, paired with our differentiated process technologies and manufacturing to help them build world-class products.

“This acquisition will be a powerful step forward to push the boundaries of efficiency and performance across a broad range of applications in automotive, industrial and datacentre infrastructure.”

MIPS recently expanded its processor IP offerings, based on the open RISC-V specification, with the launch of its Atlas portfolio, a comprehensive suite of compute cores designed for real-time and application processing as well as specialised AI edge processing cores.

In addition, MIPS has also introduced Atlas Explorer, a virtual platform that helps to optimise performance, power and area to shift-left in the design cycle.

“Becoming part of GlobalFoundries marks the start of a bold new chapter for MIPS,” said Sameer Wasson, CEO of MIPS. “GF’s proven track record in delivering differentiated technologies through a secure, global manufacturing footprint will enhance our ability to accelerate innovation and scale our solutions unlocking new opportunities in the Physical AI space and driving even greater value for our customers.”

The acquisition of MIPS is subject to the usual conditions, including the receipt of required regulatory approvals, and is expected to be completed in the second half of 2025.

By: DocMemory
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