M&A Deal Summary

GlobalFoundries Acquires Tagore Technology - Power Gallium Nitride IP portfolio

On July 1, 2024, GlobalFoundries acquired semiconductors company Tagore Technology - Power Gallium Nitride IP portfolio from Tagore Technology

Acquisition Highlights
  • This is GlobalFoundries’ 1st transaction in the Semiconductors sector.
  • This is GlobalFoundries’ 1st transaction in the United States.
  • This is GlobalFoundries’ 1st transaction in Illinois.

M&A Deal Summary
Date 2024-07-01
Target Tagore Technology - Power Gallium Nitride IP portfolio
Sector Semiconductors
Buyer(s) GlobalFoundries
Sellers(s) Tagore Technology
Deal Type Divestiture

Target

Tagore Technology - Power Gallium Nitride IP portfolio

Arlington Heights, Illinois, United States
Tagore Technology’s Power Gallium Nitride (GaN) IP portfolio is a high-power density solution designed to push the boundaries of efficiency and performance in a wide range of power applications in automotive, internet of things (IoT) and artificial intelligence (AI) datacenter.

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Buyer(S) 1

Buyer

GlobalFoundries

Malta, New York, United States
Category Company
Founded 2009
Sector Semiconductors
Employees12,000
Revenue 7.4B USD (2023)
DESCRIPTION

GlobalFoundries is a semiconductor manufacturer that delivers feature-rich solutions that enable its customers to develop innovative products for pervasive chips for high-growth markets. GF provides a broad range of feature-rich process technology solutions with a unique mix of design,?development?, and fabrication services. GlobalFoundries was formed in 2009 and is based in Malta, New York.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 Avera Semiconductor

Rochester, Minnesota, United States

Avera Semiconductor LLC is a supplier of infrastructure semiconductor solutions, Brings World-class ASIC IP and Development Capabilities for Wired and Wireless Applications. Leverages Significant System-level Expertise and Design Capacity with Deep IBM Heritage.

Sell -

Seller(S) 1

SELLER

Tagore Technology

Arlington Heights, Illinois, United States
Category Company
Founded 2011
Sector Semiconductors
DESCRIPTION

Tagore Technology is a fabless semiconductor company dedicated to developing disruptive solutions leveraging wide bandgap technologies that help address RF and power design challenges for our customers and accelerate time-to-market for a wide range of applications. Tagore Technology was founded in 2011 and is based in Arlington Heights, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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