EvoNexus and GLOBALFOUNDRIES Team to Accelerate Growth of Wireless and IoT Startups

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www.globalfoundries.com, Oct. 26, 2020 – 

anta Clara, Calif., October 26, 2020 - EvoNexus, a leading non-profit technology incubator, and GLOBALFOUNDRIES® (GF®), the world's leading specialty semiconductor foundry, today announced their collaboration to accelerate the growth of semiconductor startups developing breakthrough products in wireless and the Internet of Things (IoT). EvoNexus has extensive history and success incubating startups across the wireless ecosystem.

GF provides a broad range of platforms and features with a unique mix of design, development and fabrication services. As one of the leading innovators of SOI-based technology, GF's solutions deliver greater bandwidth, ultra-low power, higher levels of integration, and lower latency for scalable and reliable applications that are fundamental to smart, connected IoT and wireless connectivity markets. Specifically, GF and their customers, along with the products they develop, will have a foundational impact on the emerging global 5G ecosystem. Through access to this technical expertise and these cutting-edge technologies, EvoNexus' partners will be further empowered to develop new solutions and will speed their time to market.

"We are excited to collaborate with EvoNexus to drive innovation and bring disruptive products to market," said Dr. Bami Bastani, senior vice president and general manager of Mobile and Wireless Infrastructure at GF. "EvoNexus' proven incubation program and corporate partnerships that include Qualcomm, Murata, pSemi, TDK InvenSense and Viasat, coupled with GF's differentiated, feature rich solutions will enable promising semiconductor startups to build innovative products that will help connect and power the digital world."

"5G, IoT, Telemedicine, Industry 4.0, AI, Smart Homes and AgTech represent opportunities where an early stage venture can establish a beachhead in nascent markets," said Dr. Jim Cable, CTO of EvoNexus. "The GlobalFoundries and EvoNexus collaboration will provide innovators with differentiated solutions, while reducing the cost of product development and speed time to a market window that is fleeting."

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