GlobalFoundries in Issuance of Ordinary Shares to U.S. Department of Commerce

September 9, 2026

Cleary Gottlieb represented GlobalFoundries Inc. (GlobalFoundries) in the issuance of 9.91 million ordinary shares to the U.S. Department of Commerce under a securities issuance agreement.

The transaction was entered into on September 3, 2026.

GlobalFoundries is a leading manufacturer of essential semiconductors, enabling AI at scale from the cloud to the physical world.

The Cleary corporate team included partners Adam Fleisher and Shuangjun Wang, associates Katherine Hebb and Alexandra Hansen, and law clerk Crystal Lee. Partners Chase Kaniecki and Samuel Chang advised on sanctions and trade controls matters. Partner Daniel Ilan and associate Natalie Curry advised on intellectual property matters.

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GlobalFoundries in Issuance of Ordinary Shares to U.S. Department of Commerce