GlobalFoundries Expands Advanced Packaging Capabilities Through MOU with A*STAR in Singapore

GlobalFoundries and A*STAR sign MOU to enhance advanced packaging capabilities, targeting growth in AI and semiconductor technologies.

Quiver AI Summary

GlobalFoundries has signed a Memorandum of Understanding with Singapore's Agency for Science, Technology and Research (A*STAR) to enhance its advanced packaging capabilities in response to the growing demand for semiconductor solutions, particularly for AI and data-intensive applications. The collaboration will provide GF access to A*STAR's R&D facilities and expertise, while GF will supply equipment to aid A*STAR's research efforts. This partnership aims to develop energy-efficient, high-performance semiconductor technologies and support skills enhancement for GF employees in advanced packaging. Both organizations emphasize the importance of nurturing talent and fostering innovation to strengthen Singapore's position in the semiconductor supply chain, aligning with the country's Manufacturing 2030 vision.

Potential Positives

GlobalFoundries is expanding its capabilities in advanced packaging through a partnership with A*STAR, which is crucial for meeting the growing demand in AI and data-intensive applications.
The Memorandum of Understanding (MOU) allows GF access to A*STAR's R&D facilities, enhancing its research and development initiatives.
This collaboration will lead to the upskilling of GF employees, fostering talent development in the semiconductor industry, which supports both innovation and local workforce growth.
The partnership aligns with Singapore's Manufacturing 2030 vision, reinforcing GF's commitment to enhancing the local semiconductor ecosystem.

Potential Negatives

While the partnership with A*STAR is presented positively, reliance on external agencies for R&D could indicate limitations in GlobalFoundries' internal innovation capabilities.
The announcement follows a recent plan to create a new Advanced Packaging and Photonics Center in New York, suggesting that GF is facing urgent needs to enhance its packaging capabilities, which may point to existing deficiencies.
The press release highlights the necessity for skills enhancement initiatives, potentially reflecting a gap in the current workforce’s expertise in advanced packaging technologies.

FAQ

What is the purpose of the MOU between GlobalFoundries and A*STAR?

The MOU aims to expand advanced packaging capabilities and foster R&D collaboration in Singapore's semiconductor industry.

How will this collaboration support talent development?

The partnership will implement skills enhancement initiatives for GF employees, helping them gain expertise in advanced packaging technologies.

Why is advanced packaging important for the semiconductor industry?

Advanced packaging is crucial for meeting the growing demand in AI and data-intensive applications, ensuring compact, high-performance chips.

What role does Singapore play in GlobalFoundries' growth?

Singapore provides a robust semiconductor ecosystem, making it ideal for GF to develop and scale innovations at the foundry level.

How does this MOU align with GlobalFoundries' strategic roadmap?

The MOU complements GF's global roadmap by enhancing and scaling advanced packaging solutions to meet customer demands.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$GFS Hedge Fund Activity

We have seen 142 institutional investors add shares of $GFS stock to their portfolio, and 172 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MATRIX CAPITAL MANAGEMENT COMPANY, LP removed 7,300,000 shares (-51.2%) from their portfolio in Q1 2025, for an estimated $269,443,000
PACER ADVISORS, INC. added 2,444,018 shares (+8540.7%) to their portfolio in Q1 2025, for an estimated $90,208,704
ANALOG CENTURY MANAGEMENT LP removed 1,172,167 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $43,264,683
ALYESKA INVESTMENT GROUP, L.P. added 1,097,076 shares (+inf%) to their portfolio in Q1 2025, for an estimated $40,493,075
WOODLINE PARTNERS LP added 907,731 shares (+inf%) to their portfolio in Q1 2025, for an estimated $33,504,351
PROSHARE ADVISORS LLC added 822,811 shares (+129.0%) to their portfolio in Q1 2025, for an estimated $30,369,954
MARSHALL WACE, LLP removed 819,127 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $30,233,977

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

SINGAPORE, May 19, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced plans to expand its capabilities in advanced packaging through a new Memorandum of Understanding (MOU) signed with the Agency for Science, Technology and Research (A*STAR), Singapore’s lead public sector research and development (R&D) agency.

Advanced packaging has become a key R&D priority for the semiconductor industry amid growing demand for artificial intelligence (AI) and other data-intensive applications ranging from high performance data computing and datacenters to 5G / 6G communication and more. To meet these needs, acceleration in advanced packaging technologies will be key to delivering the compact, high-performance and energy-efficient technology solutions needed to drive the industry’s long-term growth.

Under the MOU framework, A*STAR will provide GF with access to its R&D facilities, capabilities and technical support, while GF will provide critical equipment to A*STAR to further its R&D efforts. The collaboration will accelerate GF’s plan to develop and ramp its advanced packaging solutions and expand its offerings to provide customers one-stop solutions for semiconductor chips to be manufactured, processed, packaged and tested at GF’s Singapore manufacturing facility.

“With a robust semiconductor ecosystem and strong R&D support from the government and institutions like A*STAR, Singapore is an ideal location for us to develop and scale our essential innovations at the foundry level,” said Gregg Bartlett, GF’s Chief Technology Officer. “This aligns to our global advanced packaging roadmap and reinforces our commitment to deliver more energy-efficient essential chips that are crucial for our customers, especially in the AI era.”

This collaboration will see skills enhancement initiatives implemented for GF employees, where they can develop new expertise in the area of advanced packaging. It reflects both A*STAR’s and GF’s shared dedication to nurturing the next generation of high technology talent, as well as the continuous upskilling and retraining of talent in tandem with the industry’s evolving needs.

“As Singapore strengthens its position as a critical node in the global semiconductor supply chain, continued R&D collaboration between public research and the industry is essential to drive innovation and maintain our competitive edge. A*STAR looks forward to working closely with GlobalFoundries to accelerate innovation and talent development in advanced packaging technologies and become leaders in this domain,” said Terence Gan, Executive Director at A*STAR Institute of Microelectronics (A*STAR IME).

“Our partnership with A*STAR marks yet another milestone for GF in Singapore, as we continue to play our part in growing local capabilities and talent,” said Tan Yew Kong, Senior Vice President and General Manager of GlobalFoundries Singapore. “With growing demand for AI applications, we’re excited to tap into A*STAR’s expertise and infrastructure to fast-track the deployment of new advanced packaging offerings, and most importantly, upskill our workforce. Our joint efforts in R&D and talent development will ultimately spur the continued growth of Singapore’s semiconductor ecosystem as we work towards Singapore’s Manufacturing 2030 vision.”

The MOU with A*STAR follows an earlier announcement by GF in January this year, where the company announced plans to create a new Advanced Packaging and Photonics Center for advanced packaging and testing of U.S.-made essential chips within its New York manufacturing facility. Together, these developments mark significant progress on GF’s strategic roadmap to enhance and scale its advanced packaging offerings in response to customer demand across the regions.

About GlobalFoundries
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com .

About the Agency for Science, Technology and Research (A*STAR)
The Agency for Science, Technology and Research (A*STAR) is Singapore's lead public sector R&D agency. Through open innovation, we collaborate with our partners in both the public and private sectors to benefit the economy and society. As a Science and Technology Organisation, A*STAR bridges the gap between academia and industry. Our research creates economic growth and jobs for Singapore, and enhances lives by improving societal outcomes in healthcare, urban living, and sustainability. A*STAR plays a key role in nurturing scientific talent and leaders for the wider research community and industry. A*STAR’s R&D activities span biomedical sciences to physical sciences and engineering, with research entities primarily located in Biopolis and Fusionopolis. For ongoing news, visit www.a-star.edu.sg .

Media Contact
The Hoffman Agency on behalf of GlobalFoundries Singapore
[email protected]