The provider of feature-rich semiconductor manufacturing, GlobalFoundries Inc. (Nasdaq: GFS) has agreed to amend its Wafer Supply Agreement (WSA) with AMD to increase the volume of chips GF will supply. It will also extend the terms of the agreement to secure supply through 2025.
The agreement also extends their partnership, which includes supply assurance for AMD chips serving the data center, personal computing, embedded and other growth markets.
For the past 12 years, GF has been manufacturing high-performance chips for AMD. The new agreement extends this long-standing partnership to ensure supply for AMD’s growing business. With this agreement, AMD now expects to purchase approximately $2.1 billion of wafers from GF between 2022 and 2025.
“We have been working closely with our customers for more than a year to help address the ongoing supply-demand imbalance in our industry,” said Tom Caulfield, GF CEO. “Our amended agreement with AMD is a prime example of our customers’ desire and willingness to secure long-term supply. This agreement not only increases the volume of chips we will be producing for AMD, it also secures and extends their supply through 2025.”
