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GlobalFoundries asserts that acquisition of MIPS will broaden their operations, without instigating competitive tension among their clientele

GlobalFoundries' purchase of MIPS expands its role as a foundry, providing pre-made RISC-V processor Intellectual Property (IP) to customers, expediting their product development.

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GlobalFoundries asserts that acquiring MIPS will broaden their operations, with no anticipated...
GlobalFoundries asserts that acquiring MIPS will broaden their operations, with no anticipated tension arising in the market with their existing clients due to the takeover

GlobalFoundries asserts that acquisition of MIPS will broaden their operations, without instigating competitive tension among their clientele

In a significant move, GlobalFoundries has announced plans to acquire MIPS, a leading provider of RISC-V processor IP. This acquisition marks a first for GlobalFoundries as it becomes the first contract chipmaker to offer RISC-V processor IP to its customers.

With this acquisition, GlobalFoundries aims to enhance its capabilities to better support fabless customers with a more comprehensive set of offerings. The supported processor cores will be built on the open RISC-V architecture, allowing them to serve a variety of applications, including autonomous platforms, embedded systems, and intelligent edge devices.

MIPS' portfolio of processor cores will be supported by GlobalFoundries, ensuring continuity for its customers. Clients will continue working with their established account and support teams at MIPS. There will be no disruptions to service or product availability for MIPS' clients.

MIPS will continue to operate independently, maintaining current customer relationships and honoring existing projects and agreements. The company has no plans to change its current offerings or how customers engage with the company. However, GlobalFoundries will integrate MIPS' proven RISC-V processor IP and software tools to further enhance its services.

The combined capabilities of GlobalFoundries and MIPS are particularly well-suited for high-growth sectors such as automotive, internet of things, and datacenter infrastructure applications. The acquisition will greatly enhance the value of GlobalFoundries' services to many customers among newcomers.

It's important to note that GlobalFoundries remains a pure-play foundry, focused on enabling its customers to build world-class products on its platforms. The acquisition does not signal a pivot toward designing or selling chips directly by GlobalFoundries.

By offering RISC-V processor IP, GlobalFoundries may now compete with established IP vendors such as Andes Technology. The ability to pair IP with differentiated manufacturing processes and secure production gives GlobalFoundries a distinct advantage in the market.

MIPS will continue working with other foundries in addition to GlobalFoundries, ensuring a diverse and flexible ecosystem for its customers. The acquisition will enable GlobalFoundries to offer RISC-V processor IP to its customers, enhancing its ability to deliver more complete and differentiated offerings.

In conclusion, the acquisition of MIPS by GlobalFoundries is a strategic move that will position the company to better serve its customers in rapidly growing markets. It will also allow GlobalFoundries to compete more effectively with established IP vendors in the RISC-V space.

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