GlobalFoundries (GFS), Renesas Electronics Announce Multi-Billion-Dollar Semiconductor Supply Chain Partnership

GlobalFoundries Inc. (NASDAQ:GFS) is one of the best NASDAQ growth stocks to buy for the next 2 years. On February 16, GlobalFoundries and Renesas Electronics Corporation announced a multi-billion-dollar partnership to strengthen semiconductor supply chain resiliency. This collaboration expands Renesas’ access to GlobalFoundries’ specialized technology platforms, including FDX, BCD, and feature-rich CMOS technologies.

The agreement aligns with US priorities to support domestic chip production while supporting the increasing demand for semiconductors in smart vehicles, industrial IoT, and next-gen automated systems. The partnership uses GlobalFoundries’ global manufacturing footprint, with initial production focused in the US before extending to facilities in Germany, Singapore, and China. Furthermore, the companies are exploring the option of porting specific GlobalFoundries Inc. (NASDAQ:GFS) process technologies into Renesas’ internal fabrication plants in Japan to enhance manufacturing flexibility.

Tape-outs for these advanced SoCs, power devices, and microcontrollers are scheduled to begin in mid-2026 to address global requirements for electrification and AI-driven applications. Leaders from both organizations emphasized that this deal secures a stable, long-term supply of essential components for the automotive and industrial sectors.

GlobalFoundries Inc. (NASDAQ:GFS) is a semiconductor foundry that provides a range of mainstream wafer fabrication services and technologies worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.