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Stock impact report

GlobalFoundries and Renesas Expand Partnership to Accelerate U.S. Semiconductor Manufacturing

GlobalFoundries Inc. (GFS) 
Company Research Source: GlobeNewswire
MALTA, N.Y. and TOKYO, Feb. 16, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) and Renesas Electronics Corporation (TSE: 6723) (Renesas) today announced an expanded strategic collaboration through a multi-billion-dollar manufacturing partnership that broadens Renesas' access to GF technologies including its differentiated technology platforms. This agreement reflects a shared commitment to secure, resilient supply chains and aligns with U.S. priorities to strengthen domestic semiconductor production for economic and national security. As vehicles become more intelligent and electrified, and factories more automated, the chips inside them are doing far more than basic processing, they enable radar for advanced driver assistance, manage battery systems in electric vehicles and power for secure connectivity for industrial IoT. Reliable semiconductor supply is mission-critical for these applications, and GF’s globally distributed manufacturing footprint—spanning the U.S., Show less Read more
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