GlobalFoundries and Renesas Electronics announced an expanded strategic collaboration involving a multi-billion-dollar manufacturing partnership. Under the agreement, Renesas will gain access to GF's technology platforms including FDX, BCD, and CMOS technologies to support its semiconductors for automotive and industrial applications. The partnership spans GF's global manufacturing footprint across the U.S., Europe, Asia, and China, with tape-outs expected to begin in mid-2026. The companies are also exploring porting select GF technologies into Renesas' Japanese fabs to enhance manufacturing resilience.

The global smart card IC market is projected to grow from $3.09 billion in 2025 to $4.57 billion by 2030, at a CAGR of 8.2%. Growth drivers include rising e-SIM and IoT adoption, digital financial services expansion, and increased contactless payments. Key players like Infineon Technologies, NXP Semiconductors, and Samsung are advancing secure microcontroller platforms and AI-driven authentication technologies. However, global trade tensions and tariffs pose challenges to the market.

GlobalFoundries has appointed Sam Franklin as its new Chief Financial Officer, leveraging his extensive financial leadership experience to support the company's strategic growth and profitability in the semiconductor industry.

GlobalFoundries has acquired Advanced Micro Foundry (AMF), a Singapore-based silicon photonics foundry, to expand its manufacturing capabilities and technology portfolio in AI infrastructure and optical communications.

GlobalFoundries' Chief Financial Officer John Hollister is leaving the company for personal reasons. Sam Franklin, Senior Vice President of Business Finance, will serve as Interim CFO while the company conducts a search for a permanent replacement.

GlobalFoundries stock surged after reports of potential White House plans to reduce semiconductor import dependency, signaling strong investor confidence in domestic chip manufacturing and strategic national technology priorities.

New tariffs are impacting various industries, with pharmaceutical, semiconductor, and furniture sectors experiencing significant effects. Consumer spending shows mixed signals, with top 10% spending excessively while bottom 60% are pulling back.

Applied Materials and GlobalFoundries are establishing a waveguide fabrication facility in Singapore to advance photonics technology for augmented reality applications, leveraging semiconductor manufacturing expertise and materials engineering.

The global semiconductor plant construction market is projected to grow from $43.81 billion in 2024 to $104.84 billion by 2032, driven by increasing demand for semiconductors in technologies like 5G, AI, electric vehicles, and IoT, with significant government incentives supporting domestic manufacturing.

GlobalFoundries has acquired MIPS, a leading supplier of AI and processor IP, to strengthen its semiconductor manufacturing capabilities and enhance its position in AI and edge computing markets.

GlobalFoundries reported Q2 earnings beating expectations with 3.4% revenue growth, but faces challenges in consumer electronics segment. The company's Q3 guidance was below analyst expectations, reflecting ongoing market difficulties.

GlobalFoundries announced a strategic acquisition of MIPS, a leading AI and processor IP supplier, to expand its customizable IP offerings and enhance capabilities in AI platforms across automotive, industrial, and datacenter markets.