Organization
GlobalFoundries was rated high risk because it scored poorly across most governance categories, including discriminatory philanthropy, employment protection, advocacy bias, funding, and political actions. The company appears to prioritize identity-based and activist-driven policies over merit and business objectives, which the report views as a departure from protecting free speech, enterprise, and shareholder interests.
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GlobalFoundries Inc. (GF) is a multinational semiconductor contract manufacturing and design company incorporated in the Cayman Islands and headquartered in Malta, New York. Created by the divestiture of the manufacturing arm of AMD, the company was privately owned by Mubadala Investment Company, the sovereign wealth fund of the United Arab Emirates, until an initial public offering (IPO) in October 2021.