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MALTA, N.Y. - Semiconductor manufacturer GlobalFoundries (NASDAQ:GFS), an $18.4 billion market cap company and prominent player in the semiconductor industry, announced a collaboration with Egis Technology to develop direct time-of-flight (dToF) sensors on its 55nm platform, according to a press release statement issued Tuesday. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet.
The new front-side illuminated (FSI) single-photon avalanche diode (SPAD) device is designed for applications including laser-assisted auto focus in mobile devices, presence detection in smart appliances, and collision avoidance in robots and drones.
The technology integrates high-voltage bias, VCSEL driver, MCU and ranging core on a single chip, which the company claims provides advantages in size, weight, power consumption and cost.
"GF is committed to enabling the future of smart sensing technologies with solutions like our FSI SPAD device that delivers significant performance and design advantages for next-generation, intelligent sensors," said Kamal Khouri, senior vice president of GlobalFoundries’ feature-rich CMOS product line.
Egis Technology, primarily known as a display fingerprint sensor provider, first partnered with GlobalFoundries in 2022 to expand into the 3D sensor market.
The 55nm SPAD technology is available for mass production at GlobalFoundries’ manufacturing facility in Singapore. The company is also offering a process design kit and dedicated shuttle runs through its GlobalShuttle multi-project wafer program for designers to begin prototyping.
The announcement was made during GlobalFoundries’ annual Technology Summit in Shanghai, China. While the company isn’t currently profitable, InvestingPro analysts expect it to turn profitable this year. For deeper insights into GlobalFoundries’ financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available alongside 1,400+ other top stocks.
In other recent news, GlobalFoundries has completed its acquisition of MIPS, a supplier of AI and processor intellectual property. This move aims to enhance GlobalFoundries’ portfolio in artificial intelligence and edge computing, although the financial terms of the deal were not disclosed. Additionally, GlobalFoundries has announced an expanded partnership with Apple to advance wireless connectivity and power management technologies, which is expected to reinforce U.S. chip manufacturing leadership. This collaboration will accelerate investments at GlobalFoundries’ semiconductor manufacturing facility in Malta, New York.
In educational developments, Synopsys and GlobalFoundries have launched a new program to provide university students with hands-on experience in chip design and manufacturing. This initiative will be available at 40 universities worldwide and aims to equip engineering students with practical semiconductor design skills. Furthermore, MIPS, a GlobalFoundries company, has appointed Michael Zirngibl as Vice President of Business Development for the EMEA region. Zirngibl will focus on expanding business efforts in automotive, industrial, and communications infrastructure markets.
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