GlobalFoundries shrinks a bit more by selling its photomask operations and patents to Toppan Photomasks. AnandTech reports the deal comes with a multi-year contract that will see GlobalFoundries purchasing photomask services from Toppan for its USA operations. GlobalFoundries says it's selling the photomask unit as it's seen as non-essential for its current business strategy.
Transfer of the photomask production equipment will enable GlobalFoundries to consolidate its Fab 9 floor space and potentially expand capacity available for production using specialized RF process technologies on 200-mm wafers. The contract maker of semiconductors claims that the transfer of photomask operations from the fab will have no impact on jobs and it will not fire any personnel.