GlobalFoundries acquires chip designer MIPS
Briefly

GlobalFoundries acquired MIPS, allowing it to now design and manufacture semiconductors. MIPS will operate independently within GlobalFoundries and focus on licensing processor designs, particularly those based on the RISC-V instruction set. The acquisition expands GlobalFoundries' capabilities, providing customers with more flexible solutions. MIPS has developed new processor cores called 'Atlas' for real-time processing and AI applications. This move indicates GlobalFoundries' commitment to bolstering its AI offerings and leveraging RISC-V technology in a rapidly growing market.
MIPS will continue to operate as a standalone business within GF and serve its customers across a broad range of technologies.
Owning its own chip designer means GlobalFoundries now has a broader offering to its customers, expanding their capabilities.
MIPS recently announced a range of new processor cores called 'Atlas' that it designed for real-time processing workloads and for running AI on edge devices.
GlobalFoundries has decided it wants that IP in its portfolio, making this acquisition a big bet on both RISC-V and AI.
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