GlobalFoundries Accelerates and Strengthens Europe’s Semiconductor Ecosystem through Strategic Partnership with Cloudberry

GlobalFoundries (NASDAQ: GFS) (GF) announced a partnership with Finnishventure capitalfirm Cloudberry toaccelerate andstrengthen Europes semiconductor and photonics startup ecosystem. The collaboration includesGFsparticipation as a limited partner in Cloudberrys newfund and its commitment to provide technologyexpertiseand resources that help emerging companies accelerate innovation from concept to industrial scale.

Through its partnership with Cloudberry, GF gains direct access to Europes emerging semiconductor andphotonicsstartupsfrom university spin-offs to seed and Series A ventures. This early engagementhelps deepen the ecosystembyallowingGF to synchronize its technology roadmap with innovative applications and collaboratewithinpromising markets such asautonomousvehicles, Physical AI, Industry 4.0 andnext generationcommunications.

As a strategic investor in Cloudberrys newly launched dedicated venture fund, GF strengthens its support for the next generation of European semiconductor leaders. This collaboration provides GF with early insight into breakthrough innovations, aligning itsexpertisewith future market needs and actively bridging the gap between academic research, earlyprototypesand volume production.

As one of the worlds leading manufacturers of essential semiconductors, GF offers differentiated platforms such asFDX, RF technologies,SiliconPhotonics and power devicesoptimizedfor automotive, industrial, IoT AIand consumerapplications. Startups supported through Cloudberry will gain structured engagement withGFstechnology teams and design resourcesreducing time-to-market while accelerating growth.

GlobalFoundries market-leading, highly specialized chip technologies arebuilton innovation and collaboration, said Manfred Horstmann, General Manager and Senior Vice President at GlobalFoundries Dresden. By partneringwith Cloudberry,we are accelerating and deepening Europes semiconductor ecosystem,working closelywith early-stage startups to gain insight intoemerginginnovations anddelivertailored solutions thathelp them scale quickly,givingthema competitive advantage when they enter the market.

We see this partnership as the beginning of a long-term initiative to further strengthen the European semiconductor ecosystem, said Veera Pietikinen, founding partner at Cloudberry. Europe has world-class talent and deep technologicalexpertisein semiconductors and photonics, and companies like GF have already made significant investments to develop and scale thatexpertise. Building on this foundation, we are creating a specialized platform to help these companies grow even further, thereby reinforcing Europes technological sovereignty.

About GF  

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 global team delivers results with an unwavering focus on security, longevity and sustainability. For more information, visit www.gf.com. 

GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. Or its subsidiaries. All other trademarks are the property of their respective owners.

About Cloudberry

Cloudberry is Europes first dedicated venture capital firm investing in semiconductors,photonicsand advanced materials. Backed by strategic investors, includingGlobalFoundries, a leading manufacturer of essential semiconductors, and Radiant, a global leader in photonics, Cloudberry offersspecialisedsupport to help Europes bestsemiconductorstartupsscale. More information atcloudberry.vc. 

Forward-looking information 

This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.