GlobalFoundries Reached a Final Agreement with a Chinese Wafer Fab

In its financial report for the second quarter of 2025 released yesterday local time, GlobalFoundries announced that as part of its “in China for China” strategy, it had reached a final agreement with a local wafer foundry in China to provide reliable supply for its customers in Chinese Mainland.

GlobalFoundries stated that under the framework of this cooperation agreement, customers will benefit from its automotive grade process technology and manufacturing expertise to meet domestic demand in China.

According to the detailed explanation provided by the executives of GlobalFoundries during the financial conference call, the cooperation with local wafer foundries in China will first focus on automotive grade CMOS technology; The target order is the demand of domestic and foreign semiconductor companies in China; Customers do not need to redevelop and tape out for converting wafer fabs.

GlobalFoundries’s revenue for the second quarter of this year was 1.688 billion US dollars, a year-on-year increase of 3% and a month on month increase of 6%; The equivalent of 12 inch wafers shipped was 581000 pieces, an increase of 12% year-on-year and 7% month on month. The company stated that it is still waiting for the consumer electronics terminal market to resume meaningful growth.