GlobalFoundries Files Registration Statement for Proposed Initial Public Offering

Mal짯ta, NY, Octo짯ber 4, 2021 Glo짯bal짯Found짯ries짰 (GF짰), a glo짯bal lea짯der in fea짯ture-rich semi짯con짯duc짯tor manu짯fac짯tu짯ring, today announ짯ced that it has publicly filed a regis짯tra짯ti짯on state짯ment on Form F1 with the U.S. Secu짯ri짯ties and Exch짯an짯ge Com짯mis짯si짯on (the SEC) rela짯ting to the pro짯po짯sed initi짯al public offe짯ring of its ordi짯na짯ry shares. The num짯ber of ordi짯na짯ry shares to be offe짯red and the pri짯ce ran짯ge for the pro짯po짯sed offe짯ring have not yet been deter짯mi짯ned. GF has appli짯ed to list its ordi짯na짯ry shares on the Nasdaq Glo짯bal Sel짯ect Mar짯ket under the ticker sym짯bol GFS.

Mor짯gan Stan짯ley, BofA Secu짯ri짯ties, J.P. Mor짯gan, Citigroup and Cre짯dit Suis짯se are acting as acti짯ve book-run짯ning mana짯gers for the pro짯po짯sed offe짯ring. Deut짯sche Bank Secu짯ri짯ties, HSBC and Jef짯fe짯ries are acting as addi짯tio짯nal book-run짯ning mana짯gers for the pro짯po짯sed offe짯ring. Baird, Cowen, Need짯ham & Com짯pa짯ny, Ray짯mond James, Wed짯bush Secu짯ri짯ties, Dre짯xel Hamil짯ton, Sie짯bert Wil짯liams Shank and IMI Inte짯sa San짯pao짯lo are acting as co-mana짯gers for the pro짯po짯sed offering.

The pro짯po짯sed offe짯ring will be made only by means of a pro짯s짯pec짯tus. Copies of the preli짯mi짯na짯ry pro짯s짯pec짯tus, when available, may be obtai짯ned from: Mor짯gan Stan짯ley & Co. LLC, Atten짯ti짯on: Pro짯s짯pec짯tus Depart짯ment, 180 Varick Street, 2nd Flo짯or, New York, New York 10014; BofA Secu짯ri짯ties, Inc., NC1-00403-43, Atten짯ti짯on: Pro짯s짯pec짯tus Depart짯ment, 200 North Col짯lege Street, 3rd Flo짯or, Char짯lot짯te, NC 29255 or by email at dg.prospectus_requests@bofa.com.; J.P. Mor짯gan Secu짯ri짯ties LLC, c/o Bro짯adridge Finan짯cial Solu짯ti짯ons, 1155 Long Island Ave짯nue, Edge짯wood, NY 11717, by tele짯pho짯ne at 866803-9204 or by email at prospectus-eq_fi@jpmchase.com; Citigroup Glo짯bal Mar짯kets Inc., c/o Bro짯adridge Finan짯cial Solu짯ti짯ons, 1155 Long Island Ave짯nue, Edge짯wood, NY 11717, by tele짯pho짯ne at (800) 8319146 or by email at prospectus@citi.com; or Cre짯dit Suis짯se Secu짯ri짯ties (USA) LLC, Attn: Pro짯s짯pec짯tus Depart짯ment, Ele짯ven Madi짯son Ave짯nue, 3rd Flo짯or, New York, NY 10010, by tele짯pho짯ne at 800221-1037 or by email at usa.prospectus@credit-suisse.com.

A regis짯tra짯ti짯on state짯ment rela짯ting to the짯se secu짯ri짯ties has been filed with the SEC but has not yet beco짯me effec짯ti짯ve. The짯se secu짯ri짯ties may not be sold, nor may offers to buy be accept짯ed, pri짯or to the time the regis짯tra짯ti짯on state짯ment beco짯mes effec짯ti짯ve. This press release does not con짯sti짯tu짯te an offer to sell or the soli짯ci짯ta짯ti짯on of an offer to buy the짯se secu짯ri짯ties, nor shall the짯re be any sale of the짯se secu짯ri짯ties in any sta짯te or juris짯dic짯tion in which such offer, soli짯ci짯ta짯ti짯on or sale would be unlawful pri짯or to regis짯tra짯ti짯on or qua짯li짯fi짯ca짯ti짯on under the secu짯ri짯ties laws of any such sta짯te or jurisdiction.

For짯ward-Loo짯king Statements

This news release may con짯tain for짯ward-loo짯king state짯ments, which invol짯ve risks and uncer짯tain짯ties. Rea짯ders are cau짯tio짯ned not to place undue reli짯ance on any of the짯se for짯ward-loo짯king state짯ments. The짯se for짯ward-loo짯king state짯ments speak only as of the date hereof. GF under짯ta짯kes no obli짯ga짯ti짯on to update any of the짯se for짯ward-loo짯king state짯ments to reflect events or cir짯cum짯s짯tances after the date of this news release or to reflect actu짯al out짯co짯mes, unless requi짯red by law.

About GF:

Glo짯bal짯Found짯ries Inc. (GF) is one of the world셲 lea짯ding semi짯con짯duc짯tor manu짯fac짯tu짯r짯ers. GF deli짯vers fea짯ture-rich solu짯ti짯ons that enable its cus짯to짯mers to deve짯lop inno짯va짯ti짯ve pro짯ducts for per짯va짯si짯ve chips for high-growth mar짯kets. GF pro짯vi짯des a broad ran짯ge of fea짯ture-rich pro짯cess tech짯no짯lo짯gy solu짯ti짯ons with a uni짯que mix of design, deve짯lo짯p짯ment and fabri짯ca짯ti짯on ser짯vices. With an at-sca짯le manu짯fac짯tu짯ring foot짯print span짯ning the U.S., Euro짯pe and Asia, GF is a trus짯ted tech짯no짯lo짯gy source to its cus짯to짯mers across the globe