GlobalFoundries (GFS) announced a definitive agreement to acquire MIPS, expanding its portfolio of customizable IP offerings and enhancing its process technologies with advanced IP and software capabilities. The acquisition is expected to be completed in the second half of 2025.
Following the acquisition, MIPS will continue to operate as a standalone business within GlobalFoundries and serve customers across a broad range of technologies.
Niels Anderskouv, president and chief operating officer at GlobalFoundries, highlighted MIPS’ strong heritage in providing efficient, scalable compute IP designed for performance-critical applications, aligning with the evolving demands of AI platforms across various markets.
