Latest news with #NielsAnderskouv
Yahoo
09-07-2025
- Business
- Yahoo
GlobalFoundries to buy MIPS
US-based semiconductor manufacturer GlobalFoundries (GF) has signed a deal to acquire MIPS in a move designed to strengthen its capabilities in AI and processor intellectual property (IP). The financial terms of the deal were not disclosed. Based in San Jose, California, MIPS specialises in developing compute subsystem technologies for autonomous platforms across automotive, industrial, and embedded markets. MIPS, with 40 years of experience in reduced instruction set computing (RISC) and safety-focused processing, uses a technology foundation based on the open specification RISC-V architecture. The company employs patented, multi-threaded capabilities intended to overcome proprietary system limitations. Through the deal, GlobalFoundries aims to enhance its portfolio of customisable IP offerings by integrating the advanced technologies of MIPS. These technologies align with GlobalFoundries' strategic objectives for diversifying process technologies. GlobalFoundries president and chief operating officer Niels Anderskouv said: '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. 'Through this acquisition, we will expand our capabilities to offer customers more flexible solutions, paired with our differentiated process technologies and world-class manufacturing to help them build best-in-class products.' Recent advancements at MIPS have seen the introduction of the Atlas line, which is an assortment of compute cores focused on real-time operations and AI edge processing needs. The company has also developed Atlas Explorer, a virtual platform to refine performance benchmarks while optimising power consumption and design cycle efficiencies. The completion of this acquisition is contingent upon fulfilling customary regulatory conditions, with formal closure anticipated in the latter half of this year. Post-acquisition, MIPS will operate as an independent division within GlobalFoundries, continuing its current operations while catering to its customers across a wide range of technologies. MIPS CEO Sameer Wasson said: 'Becoming part of GlobalFoundries marks the start of a bold new chapter for 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.' In June 2025, MIPS forged a partnership with India-based Cyient Semiconductors to produce domain-specific application-level solutions. The collaboration will utilise MIPS's Atlas processor IP series. The joint objectives include addressing real-time computational demands alongside developing efficient energy management solutions specifically within the automotive, industrial, and data centre applications. The Atlas suite was introduced by MIPS in March 2025. The portfolio is designed to support major firms in deploying secure AI solutions at the edge using high-performance computing. It also involves post-generative AI models that facilitate the development of next-generation autonomous systems. "GlobalFoundries to buy MIPS" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
08-07-2025
- Business
- Yahoo
GlobalFoundries Stock Pops on AI Chip Designer Acquisition
GlobalFoundries (GFS) stock jumped Tuesday after the contract chip manufacturer agreed to acquire artificial intelligence and processor IP supplier MIPS. The companies did not disclose the purchase price. Shares of Malta, N.Y.-based GlobalFoundries rose 6.5% in recent trading to rank among the biggest gainers on the Nasdaq. For the year to date, the stock is down about 3%. "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 datacenter infrastructure," GlobalFoundries president and COO Niels Anderskouv said. The deal is expected to close in the second half of 2025. San Jose, Calif.-based MIPS would continue to operate as a standalone business upon closing. Read the original article on Investopedia
Globe and Mail
08-07-2025
- Business
- Globe and Mail
GlobalFoundries to Acquire MIPS to Accelerate AI and Compute Capabilities
MALTA, N.Y. and SAN JOSE, Calif., July 08, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced a definitive agreement to acquire MIPS, a leading supplier of AI and processor IP. This strategic acquisition will expand GF's portfolio of customizable IP offerings, allowing it to further differentiate its process technologies with IP and software capabilities. '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 solutions, paired with our differentiated process technologies and world-class manufacturing to help them build best-in-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 datacenter infrastructure.' MIPS recently expanded its processor IP offerings, based on 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 specialized AI edge processing cores. Additionally, MIPS also introduced Atlas Explorer, a virtual platform that enables optimization of 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 satisfaction of customary closing conditions, including the receipt of required regulatory approvals, and is expected to be completed in the second half of 2025. Following the acquisition, MIPS will continue to operate as a standalone business within GF and serve its customers across a broad range of technologies. About MIPS MIPS is the leading provider of compute subsystems for autonomous platforms in automotive, industrial, and embedded markets. With a 40-year heritage in RISC computing innovation and safety capable processing, MIPS is uniquely positioned to simplify the adoption of Physical AI in industrial robotics and automotive applications. MIPS technology is based on the open specification RISC-V instruction set architecture, featuring MIPS pioneering, patented, multi-threaded capabilities to move beyond proprietary legacy architecture lock-ins. For more information, please visit About GF GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity and sustainability. For more information, visit ©GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. Or its subsidiaries. All other trademarks are the property of their respective owners. Forward-looking Information This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.
