GlobalFoundries

GlobalFoundries emerged in October 2008 as a strategic spin-off from Advanced Micro Devices, formally separating its manufacturing division from AMD's fabless design operations. The company officially began trading as an independent entity in March 2009 after Mubadala Investment Company acquired the assets for approximately $1.3 billion. This move established GlobalFoundries as a pure-play foundry, distinct from integrated device manufacturers that both design and build their own chips.

Sanjay Jha leads the organization as Chief Executive Officer, guiding the firm through its initial public offering in October 2021. The IPO on Nasdaq under the ticker symbol GFS raised roughly $2.6 billion while Mubadala retained a controlling 82% stake. The company maintains operational headquarters in Malta, New York, near Saratoga Springs, with significant administrative centers in Milpitas, California, and legal domicile in the Cayman Islands.

The firm specializes in mainstream wafer fabrication services including logic, embedded non-volatile memory, RF, analog, and mixed-signal technologies. While it exited the race for advanced logic nodes below 7nm in 2014 to avoid excessive capital intensity, GlobalFoundries remains a dominant player in mature and specialized process nodes. Recent developments include a landmark agreement dated October 14, 2026, securing up to $21 billion in funding from Japan to construct two new semiconductor fabrication plants in New York State. [edit]