GlobalFoundries Acquires MIPS, Expanding its RISC-V Processor Portfolio

GlobalFoundries (GF) announced a definitive agreement to acquire MIPS, a leading provider of AI and processor IP. This strategic move expands GF's customizable IP offerings, differentiating its process technologies with enhanced IP and software capabilities. MIPS's Atlas portfolio, based on the open RISC-V architecture, focuses on real-time computing for applications like autonomous mobility, industrial automation, and data centers. The acquisition will allow GF to offer more flexible RISC-V based solutions, strengthening its position in the rapidly evolving AI market.