GlobalFoundries partners with US DOE to accelerate AI chip prototyping

GlobalFoundries has entered a strategic partnership with the US Department of Energy’s Genesis Mission to accelerate scientific discovery through artificial intelligence and advanced computing. Announced on 3 June, the collaboration will provide researchers from national laboratories, universities, startups, and industry partners with access to the company’s US manufacturing platform, design resources, and process design kits.

The primary objective of the initiative is to establish a practical pathway for transitioning from AI-driven chip design to working prototype silicon. GlobalFoundries’ internal research and development team will lead the partnership efforts, facilitating key areas of collaboration that include AI-enabled chip design and prototype fabrication through the company’s multi-project wafer program.

Specific technological focus areas for the partnership include the development of next-generation technologies such as silicon photonics and quantum computing. By providing these critical resources, GlobalFoundries intends to support the Genesis Mission’s goal of speeding up scientific innovation in high-performance computing sectors.

The announcement follows strong financial performance reported by the pure-play foundry earlier this year. On 5 May, GlobalFoundries released its fiscal first quarter 2026 results, reporting earnings per share of $0.40, which surpassed the estimated $0.35. Revenue for the period reached $1.634 billion, representing a 3 per cent year-on-year increase.

Management also revised its full-year revenue guidance for the Communications Infrastructure and Data Center segment, raising it to the high end of the 30 per cent range. As of the first quarter of 2026, 44 hedge funds held positions in GlobalFoundries, reflecting continued institutional interest in the semiconductor manufacturer since its initial public offering in October 2021.