GlobalFoundries signs on Infosys for digital transformation

Santa Clara, California-based full-service semiconductor foundry, GlobalFoundries has selected Infosys for its digital transformation journey.

Under the deal, Bengaluru based information technology (IT) services firm Infosys will provide analytical solutions to optimise the overall efficiency and agility of GlobalFoundries manufacturing and business operations. 

The partnership will help the integrated circuits (IC) manufacturer to transform its legacy solution and adopt cloud capabilities, streamline its processes and cut costs, the company said in a statement. 

Emailed queries sent to Infosys did not elicit a response until the publishing of this report. 

Read: Infosys bets on digitisation, cloud growth to blunt Covid-19 impact in FY21

Launched in March 2009, GlobalFoundaries is a full-service semiconductor foundry that manufactures integrated circuits in high volume.

Owned by Abu Dhabi, UAE based Mubadala Investment Company, the company has plants Malta, East Fishkill and Burlington in the US, Dresden in Germany, and Singapore.

Its client portfolio includes AMD, Broadcom, Qualcomm, and STMicroelectronics. 

“By harnessing the power of the private and public cloud, we will assist GlobalFoundries in transforming their manufacturing and corporate operations to deliver more value to their clients while lowering the cost of ownership,” Anand Swaminathan, EVP and global industry leader - communications, media and technology, Infosys, said.

Infosys will also enable GlobalFoundries internal teams with next-gen digital skills.

“Partnering with Infosys will equip our teams with next-gen skills and accelerate our transformation journey through automation and innovation,” Thomas Weber, SVP global supply chain and integrated manufacturing information technology, GlobalFoundries, said.

Infosys derives almost 42% of its revenue from digital solutions and the domain has grown at 38% in the last year. 

Like its peers, Tata Consultancy Services (TCS), Wipro and Cognizant, Infosys deferred its earnings guidance for the financial year 2020-2021. For the fourth quarter of the financial year 2019-2020 (FY20),  the IT services company reported a 0.8% sequential revenue growth in its operations at Rs 23,267 crore. On a year-on-year basis, the topline grew by 8% during the quarter.