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GlobalFoundries Expands Partnership with Apple to Advance Wireless Connectivity and Power Management, Reinforcing U.S. Chip Manufacturing Leadership

1. GlobalFoundries partners with Apple to enhance semiconductor technology. 2. GF to invest in its Malta facility, strengthening U.S. manufacturing. 3. Apple's $600 billion U.S. commitment supports GF's growth initiatives. 4. GF's $16 billion investment will expand its New York and Vermont facilities. 5. This collaboration aims at enhancing next-gen AI-enabled devices and supply chains.

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Why Very Bullish?

The collaboration with Apple positions GF favorably in the high-demand semiconductor sector. Historical examples show that partnerships with tech giants typically boost stock performance significantly.

How important is it?

The strategic partnership with a major player like Apple strongly correlates with GF's long-term growth outlook, justifying a high relevance score.

Why Long Term?

The agreement signals sustained growth through enhanced manufacturing capacity and ongoing technological collaboration. It sets the stage for long-term revenue increases from AI-enabled product manufacturing.

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August 06, 2025 17:34 ET  | Source: GlobalFoundries Inc. MALTA, N.Y., Aug. 06, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced it has entered into an agreement with Apple for a deeper collaboration that will advance semiconductor technologies and strengthen U.S. manufacturing. This partnership will enable GF to accelerate investments at its state-of-the-art semiconductor manufacturing facility in Malta, New York, underscoring a shared commitment to strengthen U.S.-based innovation and production of power-efficient, AI-enabling technologies that are essential to the future of mobile computing and intelligent devices. “Today’s announcement is a significant milestone in our decade-long partnership with Apple, as we work together to manufacture critical wireless connectivity technologies and power management solutions, key parts of next-generation AI-enabled devices,” said Tim Breen, CEO of GlobalFoundries. “This is a testament to GF's technology differentiation, coupled with our unique secure and onshore capabilities, and the trust Apple has placed in GF to deliver and build the advanced chips that power its next-generation smart mobile technologies. This agreement builds on our prior announcements and reinforces our shared commitment to strengthening U.S. semiconductor manufacturing and building a more resilient onshore supply chain.” “With our new American Manufacturing Program, we’re proud to partner with companies like GlobalFoundries to create new jobs and bring even more manufacturing to America,” said Sabih Khan, Apple’s chief operating officer. “This is part of our $600 billion commitment to the US over the next four years, and we couldn’t be more excited about the future of American innovation.” In June, in collaboration with major technology partners, GF announced plans to invest $16 billion to expand semiconductor manufacturing and advanced packaging across its facilities in New York and Vermont. These efforts are supported by and aligned with the administration's bold policies, which prioritize American leadership in AI, including domestic semiconductor manufacturing for national and supply chain security. 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 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 unyielding 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. Media Contact:Erica McGillGlobalFoundrieserica.mcgill@gf.com

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