By Mark LaPedus
GlobalFoundries (GF) has announced a definitive agreement to acquire MIPS, a supplier of AI and processor IP.
This acquisition will expand GF’s portfolio of customizable IP offerings, allowing it to further differentiate its process technologies with IP and software capabilities. The acquisition will also expand GF’s portfolio with RISC-V processor IP and software tools for real-time computing in autonomous mobility, industrial automation, datacenter and intelligent edge applications
Based in San Jose, Calif., MIPS will continue to operate as a standalone business. The company will continue to serve customers across a broad range of process technologies, foundry partners and ecosystem alliances.
MIPS recently expanded its processor IP offerings, based on the open RISC-V specification, with the launch of its Atlas portfolio, a 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 in the design cycle.
“Physical AI platforms demand more from compute: real-time, power-efficient, and secure performance at the edge. Our customers are asking for more than IP for their silicon, seeking to build integrated platforms that combine application-enhanced IP, software, and supply chain resilience,” said Sameer Wasson, chief executive of MIPS, in a blog.
“MIPS brings a strong heritage of delivering efficient, scalable compute IP tailored for performance-critical applications, which strategically aligns with the evolving demands of AI platforms across diverse markets,” said Niels Anderskouv, president and chief operating officer at GF.
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 the second half of 2025.