GlobalFoundries, a leading manufacturer of essential semiconductors, has announced that it has completed the acquisition of MIPS, an American fabless semiconductor design company widely known for developing the MIPS architecture and a series of RISC CPU chips based on it.

 

Headquartered in California, the 40-year-old processor company is involved in supply of artificial intelligence (AI) and processor IP. 

 

With this strategic move, GlobalFoundries has strengthened its position as a global leader in differentiated semiconductor manufacturing and also enhanced its capabilities in AI, edge computing and other high-growth markets.

 

A major global player with manufacturing footprint spanning the US, Europe and Asia, it innovates and partners 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.

 

The combination of GF and MIPS brings together decades of expertise in advanced semiconductor manufacturing and processor IP innovation, enabling GF to deliver more differentiated solutions to meet the growing demand for energy-efficient, high-performance computing at the edge and beyond, it stated.

 

As per the deal, MIPS will continue to operate as a standalone business within GF, maintaining its licensing model and focusing on serving a broad customer base across diverse technology sectors, it added.-TradeArabia News Service