AI Chips Update - GlobalFoundries MIT Team Up to Enhance Semiconductor Innovation

GlobalFoundries and the Massachusetts Institute of Technology (MIT) have entered a master research agreement to advance semiconductor technologies crucial for AI and other applications. This collaboration, involving MIT's Microsystems Technology Laboratories and GlobalFoundries' R&D team, GF Labs, focuses on enhancing the performance and efficiency of chips using GF’s silicon photonics and 22FDX® platforms. The partnership underscores a commitment to innovation, aiming to drive research advancements and prepare the next generation of talent in the semiconductor industry. This initiative builds on GlobalFoundries' previous engagements with MIT and includes workforce development initiatives.

• GlobalFoundries (NasdaqGS:GFS) last closed at $38.35 down 5.6%.

In other trading, Credo Technology Group Holding (NasdaqGS:CRDO) softened, down 14.2% to end the day at $52.60.

GlobalFoundries is poised for growth through strategic diversification and innovative technology investments. Click to explore a detailed narrative on GlobalFoundries' investment prospects.

If you’re interested in understanding the potential impacts on the AI chip market, don’t miss our Market Insights article titled "DeepSeek and Trump’s EOs: The Winners And Losers," which explores how a breakthrough from a Chinese start-up could challenge Nvidia's dominance and reshape the landscape for AI investments.

Best AI Chip Stocks

• Intel (NasdaqGS:INTC) ended the day at $23.09 down 1.8%.
• Advanced Micro Devices (NasdaqGS:AMD) closed at $99.51 down 5%, hovering around its 52-week low.
• NVIDIA (NasdaqGS:NVDA) finished trading at $120.15 down 8.5%. This week, NVIDIA announced record annual earnings and expanded its partnership with Cisco to enhance AI technology solutions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "GlobalFoundries and MIT Collaborate to Advance Research and Innovation on Essential Chips for AI" from GlobalFoundries Inc. on GlobeNewswire (published 27 February 2025)

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