GlobalFoundries Inc. (NASDAQ:GFS) announced a technology licensing deal with Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) to boost the development of advanced Gallium Nitride (GaN) chips for data centers, industrial systems, and electric vehicles.
The agreement gives GlobalFoundries access to Taiwan Semiconductor’s 650V and 80V GaN technology and establishes U.S.-based GaN manufacturing capacity to serve global customers.
