India, June 10 -- GlobalFoundries (GF) announced the completion of its previously-announced acquisition of Synopsys' ARC Processor IP Solutions business.

Combined with MIPS, by GF, the acquisition establishes GF as a technology partner offering customers a software-to-silicon capability purpose built for Physical AI. Synopsys retains and continues to expand its broad portfolio of interface and foundation IP, while GF assumes ownership and stewardship of the ARC processor IP business.

MIPS combined with ARC brings together RISC-V processor IP, software tools, custom design and advanced manufacturing into a single offering, while also expanding GF's engineering depth with world-class processor and AI talent to accelerate innovation.

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