GlobalFoundries (GF) will acquire MIPS to expand its portfolio of customized intellectual property (IP) offerings and software capabilities.
MIPS develops processor IP and AI software capabilities. It recently expanded its IP to include open RISC-V specification with its Atlas portfolio that will be designed for real-time and application processing through AI edge processing cores.
Additionally, the company rolled out a virtual platform to optimize power, area and performance in the design cycle.
The deal is set to be completed in the second half of 2025 and MIPS will operate as a standalone business within GF. The deal comes as GF is looking to expand its domestic semiconductor manufacturing with a $16 billion reshoring effort that will expand its fabs in Vermont and Malta, New York.
“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 COO 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.”
