Stock Track | GlobalFoundries Soars 5.67% Intraday on AI Photonics Partnership and Synopsys Acquisition

Stock Track06-02

Shares of GLOBALFOUNDRIES Inc. (GFS) soared 5.67% during intraday trading on Tuesday.

The significant move follows the announcement of a strategic collaboration with Sivers Semiconductors AB to co-develop artificial intelligence-focused photonics solutions. The partnership aims to deliver co-packaged optics and linear pluggable optical solutions for data centers, targeting the pluggable optics market projected to reach $25 billion by 2030.

Concurrently, the company completed its acquisition of Synopsys' ARC Processor IP Solutions business, folding it into its MIPS unit to build a software-to-silicon platform for Physical AI. This acquisition adds RISC-V processor IP across performance tiers and is aimed at speeding custom processor design for automotive, industrial, and edge AI systems.

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