GLOBALFOUNDRIES : GF and STMicroelectronics form strategic manufacturing alliance

GF and STMicroelectronics form strategic manufacturing alliance

July 2022

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Partnering for European expansion

Targeting	Robust demand
attractive	for differentiated
growth	TECHNOLOGIES
MARKETS

	Auto	3
~2x1
	Ind/IoT	FD-SOI
		> 75 FDX
2020 2030		products
	introduced2

Backed by

CUSTOMER pre-paysand agreements

Customers ~20%

GF ~80%

Net Capex (estimated)

Modular

FOOTPRINT expansion in Europe

France

~3x3

Germany+

Germany

2020 2028

Attractive and Accretive to LT BUSINESS MODEL

Accretive to

GF Model

Govt Funding

Customer

Funding

Note: 1 Represents GF served available foundry market. 2 From 1/1/2019. 3Represents GF's wafer manufacturing Capacity. The figures provided herein contains forward-looking statements as further described on page 2 of this presentation.

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Customer and Industry support

"As we emerge from the current critical parts shortage for the Automotive industry, Volkswagen is taking strong steps to build resiliency in the supply chain. In that same spirit we are excited to see this innovative partnership, and commitment to investments that will accelerate fab capacity for industrial and automotive solutions in Europe. This is a welcome development at a very opportune time"

Murat Aksel, Member of the Board of Management of Volkswagen AG, Group Purchasing

"In the next ten to fifteen years, the mobility space as a whole is set to undergo the biggest transformation in its history. This will come with deep evolution of the semiconductors inside the car, and the recent supply shortages have shown how critical these components are for the automotive industry. Valeo welcomes such a project here in France to bolster semiconductor innovation and supply chain continuity. We look forward to our ongoing engagement as a major stakeholder in this ecosystem"

Geoffrey Bouquot, Group CTO & Senior Vice President Strategy Valeo

"MediaTek continues to see strong growth in IoT and Mobility applications. As a long-standing collaboration partner of GF we are pleased to see this announcement, including their investment to accelerate capacity for foundry solutions integrating wireless communications, low power artificial intelligence (AI) processing, and robust security"

HW Kao, Corporate Vice President, MediaTek

"Qualcomm welcomes today's announcement to accelerate additional 22FDX capacity in Europe, enabling next generation mmWave 5G. We believe that building a globally resilient supply chain is a top

priority and boosting mmWave capacity will help unlock the full potential of 5G"

Roawen Chen, Senior Vice President,

Chief Supply Chain & Operations Officer,

Qualcomm Technologies, Inc.

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Modular capacity extension

Leveraging existing ST facility

GF co-managed facility

§ On site GF management supplemented by Dresden expertise

§ Direct oversight of all planning and operations

§ Depreciation, fixed and variable cost sharing model based on actual utilization and consumption

§ Stable and low-cost energy supply through French

Nuclear energy network

Phase 0: 3k sqm cleanroom, under construction for 22FDX Capability Tools

Phase 1-3: starting Jul '22, first tool move-in Q4 '23

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