Sameer Wasson
CEO
Lonergan Partners is pleased to announce that Sameer Wasson has been named Chief Executive Officer of MIPS, a leading developer of high- performance RISC-V compute IP. This appointment was the result of a global search process led by Mark Lonergan and Kirsten Settle.
About Sameer
As the new CEO of MIPS, embedded systems industry veteran Sameer Wasson will further accelerate the company's leadership in the High-Performance RISC-V market as it continues to expand its footprint in Automotive and Enterprise markets.
Before joining MIPS, Sameer spent 18 years at Texas Instruments (TI), most recently as Vice President, Business Unit (BU) Manager, Processors, where he was responsible for the company's Processor businesses. In that role, Sameer re-established TI as a mainstream microprocessor (MPU) and microcontroller (MCU) supplier for high growth automotive and industrial markets, and established the company's footprint in embedded AI, software defined vehicles, and electrification.
About MIPs
MIPS is a leading developer of highly scalable RISC processor IP for high-end automotive, computing and communications applications. With its deep engineering expertise built over 35 years and billions of MIPS-based chips shipped to-date, today the company is accelerating RISC-V innovation for a new era of heterogeneous processing. The company's proven solutions are uniquely configurable, enabling semiconductor companies to hit exacting performance and power requirements and differentiate their devices.
RISC-V, which has experienced significant momentum in the last year, is an open-source instruction set architecture used to develop processors for a wide variety of applications, from embedded designs to cloud servers, and automotive applications like infotainment, connectivity, advanced driver-assistance systems (ADAS) and autonomous driving.
MIPS, which has worked with industry heavyweights such as Siemans, has been accelerating RISC-V innovation for a new era of heterogeneous computing, especially as chipmakers search for more flexible, scalable and faster-time-to-market solutions. Earlier this year, MIPS took top honors for its eVocore (™) P8700 Multiprocessor system, the industry's most scalable RISC-V CPU IP solution.
Placement Update
MALTA, N.Y., and San Jose, Calif., July 8, 2025 – GlobalFoundries (Nasdaq: GFS) (GF) today announced a definitive agreement to acquire MIPS, a leading supplier of AI and processor IP. This strategic acquisition will expand GF’s portfolio of customizable IP offerings, allowing it to further differentiate its process technologies with IP and software capabilities.
“MIPS brings a strong heritage of delivering efficient, scalable compute IP tailored for performance-critical applications, which strategically aligns with the evolving demands of AI platforms across diverse markets,” said Niels Anderskouv, president and chief operating officer at GlobalFoundries. “Through this acquisition, we will expand our capabilities to offer customers more flexible, RISC-V-based open platform solutions, paired with our differentiated process technologies and world-class manufacturing to help them build world-class products. This acquisition will be a powerful step forward to push the boundaries of efficiency and performance across a broad range of applications in automotive, industrial and datacenter infrastructure.”
MIPS recently expanded its processor IP offerings, based on open RISC-V specification, with the launch of its Atlas portfolio, a comprehensive suite of compute cores designed for real-time and application processing as well as specialized AI edge processing cores. Additionally, MIPS also introduced Atlas Explorer, a virtual platform that enables optimization of performance, power and area to shift-left in the design cycle.
“Becoming part of GlobalFoundries marks the start of a bold new chapter for MIPS,” said Sameer Wasson, CEO of MIPS. “GF’s proven track record in delivering differentiated technologies through a secure, global manufacturing footprint will enhance our ability to accelerate innovation and scale our solutions—unlocking new opportunities in the Physical AI space and driving even greater value for our customers.”
The acquisition of MIPS is subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approvals, and is expected to be completed in the second half of 2025. Following the acquisition, MIPS will continue to operate as a standalone business within GF and serve its customers across a broad range of technologies.
About MIPS
MIPS is the leading provider of compute subsystems for autonomous platforms in automotive, industrial, and embedded markets. With a 40-year heritage in RISC computing innovation and safety capable processing, MIPS is uniquely positioned to simplify the adoption of Physical AI in industrial robotics and automotive applications. MIPS technology is based on the open specification RISC-V instruction set architecture, featuring MIPS pioneering, patented, multi-threaded capabilities to move beyond proprietary legacy architecture lock-ins. For more information, please visit MIPS.com.
About GF
GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity and sustainability. For more information, visit www.gf.com.
With Sameer at the helm, we are excited to continue to enable customers to create innovative and transformative RISC-V designs. Sameer spent more than a decade leading large businesses and engineering organizations within TI, with a proven track record of delivering long-term sustainable growth. We are confident in his ability to drive growth and deliver exceptional value to MIPS customers and partners.
Desi Banatao, Chairman of the Board, MIPS
As computing requirements become more complex, companies of all sizes are looking for alternatives to meet the challenging needs of AI, machine learning and high-performance domain specific accelerated compute. MIPS has been on a strong trajectory to address these challenges with its new RISC-V compute IP, and it is a privilege to lead this dynamic and agile organization into its next phase of growth.
Sameer Wasson, Chief Executive Officer, MIPS
Sameer Wasson is one of the top General Managers in the Semiconductor Processor marketplace today. Sameer will help to make MIPS a global leader in high-end RISC V Processors.
Mark Lonergan, Founder & Managing Partner, Lonergan Partners