GlobalFoundries to Acquire MIPS

Semiconductor manufacturer GlobalFoundries has agreed to acquire RISC-V supplier MIPS, an unexpected pairing of nonoverlapping businesses. The companies have withheld the price, indicating it is immaterial to the acquirer. MIPS will retain autonomy after the acquisition and still serve customers of other foundries. The deal solidifies MIPS’s status as a going concern, trading its venture-capital […]