GlobalFoundries acquires MIPS

GlobalFoundries today announced a definitive agreement to acquire MIPS, a leading supplier of AI and processor IP. This strategic acquisition will expand GF's portfolio of customizable IP offerings, allowing it to further differentiate its process technologies with IP and software capabilities.

Press release about the acquisition

MIPS has a long and storied history, most recently as it abandoned its namesake instruction set architecture in favour of RISC-V. MIPS processors are still found in a ton of devices though, but usually not in high-profile devices like smartphones or whatever. Their new RISC-V cores haven't yet seen a lot of uptake, but that's a problem all across the RISC-V ecosystem.