GlobalFoundries

GFS

Market cap $23.1B

Seasoned semiconductor industry leader brings decades of operational and strategic expertise to GF's Board Seasoned semiconductor industry leader brings decades of operational and strategic expertise to GF's Board

MALTA, N.Y., Jan. 14, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced its execution of a definitive agreement to acquire Synopsys' ARC Processor IP Solutions business, including its teams of engineers and designers.

Key Highlights: Synopsys further focuses its IP resources and roadmap on extending leadership in interface and foundation IP while pursuing highest-value, AI-driven opportunities from cloud to edge. Transaction underscores Synopsys' commitment to disciplined portfolio management while capturing highest growth engineering solutions from silicon to systems.

GlobalFoundries Inc (NASDAQ:GFS) was downgraded to a 'Neutral' rating by Wedbush on Wednesday, with the firm lowering its 12-month price target to $40 from $42, citing a more prolonged semiconductor industry downturn and weaker near-term end-market conditions than previously anticipated. In a note to clients, the analysts wrote that they continue to see a path toward improved fundamentals for the chipmaker over the longer term, but believe the timeline for key catalysts has been pushed out.

GlobalFoundries Inc. is positioned for durable growth, targeting AI data centers, industrial robotics, and optical networking, leveraging its robust global footprint. Recent MIPS acquisition enhances GFS's edge AI and custom silicon capabilities, supporting next-gen autonomous and industrial applications. GFS secured 400 design wins YTD 2025, with optical networking and satellite communications as key growth drivers into eFY27 and beyond.

GlobalFoundries on Wednesday appointed Sam Franklin as its chief financial officer, succeeding David Reeder, who stepped down earlier this year.

Franklin's proven financial leadership and strategic expertise will support GF's continued growth and profitability Franklin's proven financial leadership and strategic expertise will support GF's continued growth and profitability

GlobalFoundries Inc. (GFS) Discusses Market and Strategic Update on Physical AI and Ultra-Low Power Solutions Transcript

GlobalFoundries Inc. (GFS) Presents at UBS Global Technology and AI Conference 2025 Transcript

MALTA, N.Y. and TORRANCE, Calif.