GlobalFoundries rises on MIPS acquisition announcement
ReutersJul 8, 2025 5:08 PM
Shares of chipmaker GlobalFoundries GFS.O rise 6.5% to $41.47
GFS saysit will buy MIPS, a leading supplier of AI and processor intellectual property
Co says acquisition expected complete in H2 2025
Adds MIPS will continue to operate as a standalone business within GFS after the acquisition
As of last close, stock down ~9% this year
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