GlobalFoundries to acquire the Processor IP portfolio of Synopsys.

GlobalFoundries, a semiconductor company, agreed to acquire the Processor IP portfolio of Synopsys, a technology provider specializing in the development and verification of semiconductor products. Financial terms were not disclosed. "This acquisition doubles down on our commitment to advancing our leadership in Physical AI. By combining Synopsys' ARC IP and MIPS technologies with GF's advanced manufacturing capabilities, we are lowering the barrier for customer adoption of the essential technologies that our customers need to innovate faster for the next-generation of compute and AI applications," Tim Breen, GlobalFoundries CEO.