On January 23, 2024, GlobalFoundries Inc. announced the appointment of PricewaterhouseCoopers LLP (PwC) as its independent registered public accounting firm for the fiscal year ending December 31, 2024. The decision was made by the Audit, Risk & Compliance Committee of GlobalFoundries' Board of Directors, pending the completion of PwC's standard client acceptance procedures and the execution of an engagement letter. This appointment aligns with the company's practice of selecting the same auditor as its majority shareholders, including Mubadala Technology Investment Company and MTI International Investment Company LLC, under the umbrella of Mamoura Diversified Global Holding PJSC (MDGH Group). The MDGH Group had previously chosen a PwC member firm in December 2023. The Audit Committee conducted a competitive process, evaluating PwC's qualifications, performance, and...Show More

On January 23, 2024, GlobalFoundries Inc. announced the appointment of PricewaterhouseCoopers LLP (PwC) as its independent registered public accounting firm for the fiscal year ending December 31, 2024. The decision was made by the Audit, Risk & Compliance Committee of GlobalFoundries' Board of Directors, pending the completion of PwC's standard client acceptance procedures and the execution of an engagement letter. This appointment aligns with the company's practice of selecting the same auditor as its majority shareholders, including Mubadala Technology Investment Company and MTI International Investment Company LLC, under the umbrella of Mamoura Diversified Global Holding PJSC (MDGH Group). The MDGH Group had previously chosen a PwC member firm in December 2023. The Audit Committee conducted a competitive process, evaluating PwC's qualifications, performance, and expertise, and concluded that working with PwC would serve the best interests of GlobalFoundries. The appointment is also in accordance with the shareholders' agreement filed with GlobalFoundries' most recent annual report on Form 20-F. The company's previous auditor, KPMG, had issued unqualified reports on the company's consolidated financial statements for the fiscal years 2021 and 2022, with no disagreements or reportable events noted as of the date of the Form 6-K filing.