GlobalFoundries to Acquire MIPS, Integrating RISC-V AI IP with Deal Closing in H2 2025

GlobalFoundries has announced plans to acquire MIPS, a company specializing in RISC-V-based CPU and AI intellectual property. The acquisition aims to enhance GlobalFoundries' AI and compute capabilities by integrating MIPS' technology into its portfolio. This move represents a strategic shift for GlobalFoundries from being solely a pure-play foundry to becoming a provider of comprehensive compute solutions. The deal is expected to close in the second half of 2025, although the financial terms have not been disclosed.