The News: Last week at the GF Summit, Globalfoundries, a leading semiconductor manufacturer announced new solutions for 5G and Wi-Fi 6/6e enabled devices. The new solutions will enable stronger 5G connections, 5G mmWave, and stronger Wi-Fi connections as well. Read the full press release here.
Analyst Take: It’s not hyperbolic to say that semiconductors are becoming the backbone of our global economy. They are in devices in every industry, every office, every home, and nearly every car. And if the last 18 months have proven anything, it’s that semiconductors are essential pieces of technology — and a global chip shortage is no fun to navigate
Supply chain issues aside (momentarily), GlobalFoundries’ announcement last week of new solutions for 5G and Wi-Fi 6/6e enabled devices is exciting, as it will undoubtedly accelerate the next generation of innovation and continue to solidify the importance of the semiconductor in our daily lives.
In June, GlobalFoundries pledged a $6 billion dollar investment to expand fabs across the globe and increase production in order to keep up with semiconductor demand. The latest announcement will put that $6 billion to work to produce new chips for a myriad of devices including 5G phones, data centers, and cars. New solutions and features include:
It’s clear that GlobalFoundries is committed to driving innovation forward in the semiconductor industry with these latest announcements, but it’s not just the technology that we should be paying attention to here. It’s rumored that GlobalFoundries will publicize the details of its IPO filing in October with the intention of going public by the end of the year or early next year. The new solutions for 5G and Wi-Fi 6/6e enable devices will drive revenue up which could positively impact the valuation of the company ahead of its IPO. And then there’s the whole Intel thing. It will be interesting to watch how this plays out over the months ahead.
Disclosure: Futurum Research is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. The author does not hold any equity positions with any company mentioned in this article.
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The original version of this article was first published on Futurum Research.
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