GlobalFoundries, Ford to Address Auto Chip Supply and Meet

18, 2021 – GlobalFoundries Inc. (Nasdaq: GFS) (GF), a global leader in ... This news release contains forward-looking statements, ... Login Email Password Forgotpassword? WhyRegister? Youwillbeabletoaccess: Contenttailoredtoyourpersonalpreferences,Favoritecontentsavedwithinyourbriefcase,Mediaadvisories,newsletters,andemailalertsandPRcontactinformation RegisterNow ForgotPassword Enteryouremailbelowandwe'llsendalinktohelpyouaccessyouraccount. TryAgain. Sorry,youremailaddressisnotrecognized. Anemailhasbeensent. Instructionsonhowtoresetyourpasswordhavebeensenttotheemailyouentered. EmailAddress Send FordMediaCenter Next Previous Permalink Select Home News GlobalFoundries,FordtoAddressAutoChipSupplyandMeetGrowingDemand GlobalFoundries,FordtoAddressAutoChipSupplyandMeetGrowingDemand Nov18,2021|Malta,NewYork,andDearborn,Mich. Agreementaimstobuildandstrengthenacollaborativemodeltoacceleratethenextwaveofinnovationinautomotivechipdesign Malta,NewYork,andDearborn,Mich.,Nov.18,2021–GlobalFoundriesInc.(Nasdaq:GFS)(GF),agloballeaderinfeature-richsemiconductormanufacturing,andFordMotorCompany(NYSE:F)todayannouncedastrategiccollaborationtoadvancesemiconductormanufacturingandtechnologydevelopmentwithintheUnitedStates,aimingtoboostchipsuppliesforFordandtheU.S.automotiveindustry. Thecompanieshavesignedanon-bindingagreementthatopensthedoorforGFtocreatefurthersemiconductorsupplyforFord’scurrentvehiclelineupandjointresearchanddevelopmenttoaddressthe growingdemandforfeature-richchipstosupporttheautomotiveindustry.ThesecouldincludesemiconductorsolutionsforADAS,batterymanagementsystems,andin-vehiclenetworkingforanautomated,connected,andelectrifiedfuture.GFandFordalsowillexploreexpandedsemiconductormanufacturingopportunitiestosupporttheautomotiveindustry. “It’scriticalthatwecreatenewwaysofworkingwithsupplierstogiveFord–andAmerica–greaterindependenceindeliveringthetechnologiesandfeaturesourcustomerswillmostvalueinthefuture,”saidJimFarley,FordpresidentandCEO.“Thisagreementisjustthebeginning,andakeypartofourplantoverticallyintegratekeytechnologiesandcapabilitiesthatwilldifferentiateFordfarintothefuture.” “GFiscommittedtobuildinginnovativeallianceswiththeworld’sleadingcompaniestoenablethefeaturesinproductsthatarepervasivethroughout people’slives,”saidTomCaulfield,GFCEO.“OuragreementwithFordisakeystepforwardinstrengtheningourcooperationandpartnershipwithautomakerstospurinnovation,bringnewfeaturestomarketfaster,andensurelong-term,supply-demandbalance.” Theannouncementisconsistentwithbothcompanies’commitmenttobuildinnovativebusinessrelationshipstoregainsupply-demandbalanceforchipsintheautoindustryaswellaseffortstofurtheracceleratetechnologyinnovationfortheU.S.autoindustry.Thecollaborationleveragesbothcompanies’strengthstobettercompete,innovateandservecustomers. Thisstrategiccollaborationdoesnotinvolvecross-ownershipbetweenthetwocompanies.   AboutFordMotorCompany FordMotorCompany(NYSE:F)isaglobalcompanybasedinDearborn,Michigan,thatiscommittedtohelpingbuildabetterworld,whereeverypersonisfreetomoveandpursuetheirdreams. Thecompany’sFord+planforgrowthandvaluecreationcombinesexistingstrengths,newcapabilitiesandalways-onrelationshipswithcustomerstoenrichexperiencesforanddeepentheloyaltyofthosecustomers. Forddesigns,manufactures,marketsandservicesafulllineofconnected,increasinglyelectrifiedpassengerandcommercialvehicles: Fordtrucks,utilityvehicles,vansandcars,andLincolnluxuryvehicles. Thecompanyispursuingleadershippositionsinelectrification,connectedvehicleservicesandmobilitysolutions,includingself-drivingtechnology,andprovidesfinancialservicesthroughFordMotorCreditCompany. Fordemploysabout 184,000peopleworldwide. Moreinformationaboutthecompany,itsproductsandFordMotorCreditCompanyisavailableatcorporate.ford.com. AboutGF GlobalFoundries®(GF®)isoneoftheworld’sleadingsemiconductormanufacturers.GFisredefininginnovationandsemiconductormanufacturingbydevelopinganddeliveringfeature-richprocesstechnologysolutionsthatprovideleadershipperformanceinpervasivehighgrowthmarkets. GFoffersauniquemixofdesign, development andfabricationservices.Withatalentedanddiverseworkforceandanat-scalemanufacturingfootprintspanningtheU.S.,EuropeandAsia,GFisatrustedtechnologysourcetoitsworldwidecustomers.Formoreinformation,visit www.gf.com. Forward-LookingStatements Thisnewsreleasecontainsforward-lookingstatements,whichinvolverisksanduncertainties.Readersarecautionednottoplaceunduerelianceonanyoftheseforward-lookingstatements.GFandFordundertakenoobligationtoupdateanyoftheseforward-lookingstatementstoreflecteventsorcircumstancesafterthedateofthisnewsreleaseortoreflectactualoutcomes,unlessrequiredbylaw. 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