GlobalFoundries to acquire MIPS.

GlobalFoundries, a manufacturer of essential semiconductors, agreed to acquire MIPS, a supplier of AI and processor IP. Financial terms were not disclosed. “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. 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,” Niels Anderskouv, GlobalFoundries President and COO.