"Today, we have significantly enhanced our technology development capabilities and reinforce our long term commitment to investing in R&D for technology leadership," said Sanjay Jha, the foundry's CEO. "We have added world class technologists and differentiated technologies, such as RF and ASIC, to meet our customers' needs and accelerate our progress toward becoming a foundry powerhouse."
The acquisition includes an exclusive commitment to supply IBM with advanced semiconductor processor solutions for the next 10 years and gives Globalfoundries direct access to IBM's semiconductor research. Additionally, the acquisition makes the foundry the holder one of the largest semiconductor patent portfolios.
Alongside the addition of RF and ASIC process technology, the company has increased its manufacturing capacity with the ex IBM fabs at East Fishkill (pictured) and Essex Junction.
