GlobalFoundries to acquire AI and IP supplier MIPS

GlobalFoundries (GFS) announced a definitive agreement to acquire MIPS, a supplier of AI and processor IP. MIPS recently expanded its processor IP offerings, based on open RISC-V specification, with the launch of its Atlas portfolio, a comprehensive suite of compute cores designed for real-time and application processing as well as specialized AI edge processing cores. Additionally, MIPS also introduced Atlas Explorer, a virtual platform that enables optimization of performance, power and area to shift-left in the design cycle. The acquisition of MIPS is subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approvals, and is expected to be completed in 2H25. Following the acquisition, MIPS will continue to operate as a standalone business within GF and serve its customers across a broad range of technologies.