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
Employees13,000
Revenue 6.8B USD (2024)
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 3
Sector: Semiconductors M&A 1 of 3
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2024 M&A 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-08 MIPS

San Jose, California, United States

MIPS provides compute subsystems for autonomous platforms in automotive, industrial, and embedded markets. The company simplifies the adoption of Physical AI in industrial robotics and automotive applications. Its technology is based on the open specification RISC-V instruction set architecture, featuring MIPS pioneering, patented, multi-threaded capabilities to move beyond proprietary legacy architecture lock-ins. MIPS is based in San Jose, California.

Buy -

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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1