BAE Systems and GlobalFoundries Collaborate to Strengthen Supply of Essential Semiconductors for National Security Programs

June 20, 2024

https://www.globenewswire.com/news-release/2024/06/20/2901708/0/en/BAE-Systems-and-GlobalFoundries-Collaborate-to-Strengthen-Supply-of-Essential-Semiconductors-for-National-Security-Programs.html

MALTA, N.Y., June 20, 2024 (GLOBE NEWSWIRE) — BAE Systems (LON: BA) and GlobalFoundries (Nasdaq:GFS) (GF) today announced a new collaboration to strengthen the supply of critical semiconductors for national security programs. Under the strategic agreement, the companies will align technology roadmaps and collaborate on long-term strategies for increasing U.S. semiconductor innovation and manufacturing, with the joint goal of advancing the ecosystem for domestic fabrication and packaging of secure chips and solutions for use in aerospace and defense systems.

Read more at globenewswire.com

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