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Conflict Minerals Report
GlobalFoundries Inc.
In accordance with Rule 13p-1 under the Securities Exchange Act of 1934
This report for the year ended December 31, 2024 (the "Conflict Minerals Report"), is presented to comply with Rule 13p-1 under the Securities Exchange Act of 1934 (the “Rule”). The Rule was adopted by the U.S. Securities and Exchange Commission ("SEC") to implement reporting and disclosure requirements related to conflict minerals as directed by Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The Rule imposes certain reporting obligations on SEC registrants who manufacture, or contract to manufacture, products for which certain specified minerals are necessary to the functionality or production of the products, regardless of the geographic origin of the minerals and whether or not they fund armed conflict. These minerals consist of columbite-tantalite (coltan), cassiterite and wolframite (and their derivatives tantalum, tin, and tungsten) and gold (collectively, “3TGs”). As used in this Conflict Minerals Report, the term “GF”, "we", "our" or "the Company" refers to GlobalFoundries Inc. and its consolidated subsidiaries.
Overview
GF is one of the world’s leading semiconductor foundries. We manufacture complex, essential integrated circuits ("ICs") that are used in billions of electronic devices across various industries. Our specialized foundry manufacturing processes, extensive library of qualified circuit-building block designs (known as IP titles or IP blocks), and advanced transistor and device technology allow us to serve a wide range of customers, including global leaders in IC design. We focus on providing optimized solutions for critical applications that drive key secular growth end markets, ensuring function, performance, and power requirements are met. As the only scaled pure-play foundry (defined as a company specializing in producing ICs for other companies with annual foundry revenue exceeding $3 billion) with a global footprint that is not based in China or Taiwan, we offer our customers the advantage of mitigating geopolitical risk and ensuring greater supply chain certainty and security. Since our founding in 2009, we have invested over $23 billion to create a global manufacturing footprint with state-of-the-art facilities across three continents. Our differentiated foundry solutions redefine the industry by offering essential chip solutions that empower our customers to develop innovative products for a wide range of applications in diverse markets and bring their products to market quickly and cost effectively.
With a vast library of IP titles and ongoing development across multiple process nodes, we are committed to delivering high-quality, cost-effective solutions that meet the evolving needs of our customers.
Technology Solutions and End Markets
We focus on essential devices that include digital, analog, mixed-signal, radio frequency (“RF”), ultra-low power and embedded memory solutions that connect, secure and process data, and efficiently power the digital world around us. To meet the needs of our customers, we devote our R&D efforts to a diversified range of differentiated technology platforms in these key categories: Complementary Metal-Oxide Semiconductor (“CMOS”) for both Feature-Rich and Ultra-Low Power, RF, Power and Silicon Photonics (“SiPh”). Specifically within these categories, our key technology platforms include RF silicon-on-insulator ("SOI"), FDX , Fin Field-Effect Transistor (“FinFET”), Bipolar-CMOS-DMOS (“BCD”), BCDLiteTM, Silicon Germanium (“SiGe”) and Gallium Nitride (“GaN”) products.
Our wide range of essential chip solutions serve applications across the following end markets, as illustrated below:
| | | | | | | | | | | | | | |
|
Smart Mobile Device |
Home and Industrial | Communications, Infrastructure and Datacenter |
Automotive |
| FEATURE RICH CMOS | | | | |
| FR-CMOS | ✓ | ✓ | ✓ | ✓ |
| ULTRA-LOW POWER CMOS | | | | |
| FinFet | ✓ | ✓ | ✓ | ✓ |
FDXTM, FD-SOI | ✓ | ✓ | ✓ | ✓ |
| SILICON PHOTONICS | | | | |
| SiPh | | | ✓ | ✓ |
| RF | | | | |
| RF, SOI | ✓ | ✓ | ✓ | ✓ |
| SiGe | ✓ | ✓ | ✓ | ✓ |
| RF GaN | ✓ | | ✓ | |
| POWER | | | | |
| BCD, BCDLite | ✓ | ✓ | ✓ | ✓ |
| Power GaN | ✓ | ✓ | ✓ | ✓ |
Through an intense focus on collaboration, we have built deep strategic partnerships with a broad base of more than 250 customers as of December 31, 2024, many of whom are the global leaders in their field. With four world-class manufacturing sites on three continents and approximately 2.1 million 300mm equivalent semiconductor wafers shipped in 2024, we provide the geographic diversification, scale and technology differentiation that we believe are critically important to our customers’ success.
3TG Use in Products
In the complex, multi-step silicon wafer manufacturing process, tantalum, tungsten and in some cases, gold are added to achieve the desired functionalities of ICs. The commodities GF purchases that contain tantalum, tungsten, or gold include high-purity targets used in physical vapor deposition (PVD) and process gases and chemicals, all of which are used to deposit ultra-thin metal films onto the wafer surface. Tin and gold are used in post-wafer fab process steps, such as in interconnect materials in wafer bump or wafer packaging, and in components used for semiconductor module assembly.
GF determined that 3TGs were necessary to the functionality or production of certain products that GF manufactured or contracted to be manufactured during the year ended December 31, 2024 (such products, the “Covered Products”). Therefore, as required by rule, GF conducted a reasonable country of origin inquiry (“RCOI”) in good faith to determine whether any of the necessary 3TGs in the Covered Products originated from Democratic Republic of the Congo or an adjoining country (collectively referred to as the “Covered Countries”) or were from recycled or scrap sources.
Based on this RCOI, GF concluded that it has reason to believe that some of the necessary 3TGs contained in the Covered Products may have originated in the Covered Countries and were not 100% derived from recycled or scrap sources. As required by the Rule, GF therefore performed further due diligence on the source and chain of custody of the necessary 3TGs in its Covered Products, which was designed to conform, in all material respects, with the internationally recognized due diligence framework of the Organization for Economic Co-Operation and Development (“OECD”) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict Affected and High Risk Areas (“CAHRAs”) and the related supplements for gold, tin, tantalum, and tungsten (the “OECD Guidance”), the results of which are described in this Conflict Minerals Report.
GF is committed to complying with the requirements of the Rule and upholding responsible sourcing practices. As such, GF has put into place a robust due diligence program that seeks to ensure its contributions to upholding human rights and responsible sourcing practices across the supply chain.
3TG Program & Policies
GF maintains policies that require all materials used in the manufacturing of its products to be sourced responsibly—this applies specifically to materials potentially sourced from CAHRAs, including the Covered Countries. GF’s Conflict Minerals Policy, which is available online at https://gf.com/wp-content/uploads/2025/01/Conflict-Minerals-Policy-1-2.pdf, establishes GF’s due diligence expectations for the sourcing of minerals and metals, including 3TGs. GF is committed to designing its due diligence processes for 3TG in conformity in all material respects with the OECD Guidance. Annex II of the OECD Guidance highlights risks associated with the extraction, transport and trade of 3TG from CAHRAs, such as torture, cruel, inhuman and degrading treatment, forced or compulsory labor, child labor, other gross human rights violations and abuse, war crimes or other serious violations of international humanitarian law, crimes against humanity or genocide, providing direct or indirect support to non-state armed groups public and private security forces, bribery, money laundering, and fraudulent misrepresentation of the origin of minerals. GF’s Conflict Minerals Policy prohibits the use of 3TGs if their sourcing contributes to financing armed conflict and human rights abuses in the conflict regions in the Covered Countries and/or other CAHRAs. GF actively requires its suppliers to
source from Responsible Minerals Assurance process ("RMAP") conformant smelters and refiners (together, “SORs”) in the applicable regions in order to contribute to the Covered Countries’ and/or other CAHRAs’ economic development in local communities. In addition, GF’s Global Human Rights Policy which is available online at https://gf.com/wp-content/uploads/2023/06/Global-Human-Rights-Policy_EN_Oct-2023_final.pdf also requires that all suppliers conform to the Responsible Business Alliance’s (the “RBA”) Code of Conduct requirements, which in turn requires suppliers to adopt a policy relating to responsible sourcing of 3TGs. Information contained on, or that can be accessed through, our website is not incorporated by reference into this Conflict Minerals Report, and you should not consider information on our website to be part of this Conflict Minerals Report.
GF maintains a Stewardship Committee, which is responsible for setting strategic direction, conducting management reviews and providing guidance and approval regarding Environmental, Social and Governance related topics, including Supplier Responsibility. The Stewardship Committee membership includes senior executives representing the Legal, Finance, Manufacturing, Human Resources, Communications, Technology, Business Operations and Global Supply Chain organizations. GF’s responsible minerals sourcing program and its progress are reviewed periodically by the Stewardship Committee.
GF is a member of the Responsible Minerals Initiative (“RMI”) and applies RMI’s due diligence tools, such as the Responsible Minerals Assurance Process (“RMAP”) and Risk Readiness Assessment (“RRA”) for conflict-affected and high-risk areas. GF’s goal is to source 3TGs only from SORs listed as conformant (“RMAP conformant") by the RMI’s RMAP. The RMAP is augmented by the London Bullion Market Association (“LBMA”), the Responsible Jewellery Council Chain of Custody Standard (“RJC CoC”), and the Tungsten Industry – Conflict Minerals Council (“Ti-CMC”) all of which use independent third-party audits to identify SORs that have systems in place to assure focus minerals are sourced responsibly. RMAP, LBMA, RJC CoC, and Ti-CMC are recognized by industry as third-party validation schemes.
GF manages its supply chain and specifies detailed requirements to its suppliers relating to the responsible sourcing of any metals and minerals, including 3TGs, that become part of GF’s products. GF partners with its 3TG suppliers in, at minimum, annual reviews of their due diligence practices and to identify all SORs in GF's extended supply chain and seeks to ensure that all SORs in its supply chain maintain RMAP conformance. When GF onboards a new supplier, it communicates the requirement that any 3TGs supplied to GF must be sourced from RMAP conformant SORs via GF's Supplier Code of Conduct which is available at https://gf.com/wp-content/uploads/2024/08/GF-Supplier-Code-of-Conduct-1.6.pdf. GF also routinely provides due diligence information to support its customers’ reporting needs via the latest RMI CMRT.
In addition, as part of GF’s risk management process for responsible sourcing, if information provided by a supplier or its sourcing practices do not meet GF’s expectations, or if an SOR used in the supplier’s supply chain becomes non-conformant with the RMAP protocols (“RMAP non-conformant”), the supplier must either correct the gap immediately or develop and submit a corrective action plan. If an RMAP non-conformant SOR is unwilling to pursue corrective actions per the RMAP process, then GF takes steps to implement alternate sourcing of materials that is not dependent on that RMAP non-conformant SOR.
As of December 31, 2024, GF’s supply chain for the Covered Products included 30 tungsten, 25 tantalum, 86 gold and 66 tin identified SORs, of which 100% were RMAP conformant. In mid 2024, 24 Indonesian tin SORs were identified in the GF supply chain that had temporarily ceased operations, due to enhanced regulatory scrutiny and stricter licensing requirements. RMAP changed the status of these facilities to "not eligible-conformant". Since then, 9 facilities are back to status of eligible and conformant. Fifteen SORs remain in "not eligible-conformant" status. In addition, one tin and one tantalum SOR as flagged in Appendix A moved to temporarily ceased operations and continue to be non-operational. We did not source from any of these smelters when they were "not eligible-conformant" and they are not part of GF's supply chain as of December 31, 2024.
GF has been a member of the RBA since 2016 and the RMI since 2015 and GF's subject matter experts are closely involved in various RMI and RBA working groups. GF believes its engagement and the contributions GF’s subject matter experts have made to these working groups have helped develop standards, best practices and tools that benefit all companies working to end the link between 3TGs and conflict in the Covered Countries.
Description of Products
We manufacture complex, essential ICs that are used in billions of electronic devices across various industries. Our specialized foundry manufacturing processes, extensive library of qualified circuit-building block designs (known as IP titles or IP blocks), and advanced transistor and device technology allow us to serve a wide range of customers, including global leaders in IC design. We focus on providing optimized solutions for critical applications that drive key secular growth end markets, ensuring function, performance, and power requirements are met. Our differentiated foundry solutions redefine the industry by offering essential chip solutions that empower our customers to develop innovative products for a wide range of applications in diverse markets and bring their products to market quickly and cost effectively.
Reasonable Country of Origin Inquiry
GF does not directly purchase ore or unrefined 3TG, nor does it have direct relationships with any SORs. Therefore, GF relies on its direct suppliers to provide information on the origin of any 3TG contained in the materials and products they supply to GF, including the source of any 3TG that they obtain from lower tier suppliers and SORs.
As required by the Rule, GF conducted an RCOI in good faith to determine whether any of the necessary 3TGs in the Covered Products may have originated in the Covered Countries and were not 100% derived from recycled or scrap sources. GF reviewed the Covered Products to identify suppliers of the necessary 3TG in such products (the “In-Scope Suppliers”) and requested that
each In-Scope Supplier complete a CMRT developed by the RMI. GF periodically reviewed the list of In-Scope Suppliers, and obtained CMRTs from new suppliers or existing suppliers of new 3TGs, as needed.
GF reviewed and validated these CMRTs based on various criteria, and used a third-party service provider to extract and validate certain country of origin (“COO”) data. This data is based on supply-chain derived information provided by the provider’s extensive supplier network. Data validation consists of screening flawed entries to make sure only legitimate country names are accepted.
GF also relied upon the RMI RCOI file to validate COO data from the CMRTs received from the In-Scope Suppliers. This RMI RCOI file provides country of origin information for SORs that have undergone an independent third-party RMAP audit and gold refiners that have successfully completed a cross-recognized assessment through the LBMA or RJC CoC. This RMI RCOI file also provides country of origin information for Tungsten SORs from TI-CMC. RCOI data is released by the RMI on a bimonthly basis to its members. This data provides GF with most detailed information currently available about the source of 3TG in its supply chains.
As of December 31, 2024, there were 22 In-Scope 3TG Suppliers and all 22 suppliers provided a completed CMRT.
As noted above, based on its RCOI, GF concluded that it has reason to believe that some of the 3TG contained in the Covered Products may have originated in the Covered Countries and were not 100% derived from recycled or scrap sources. In accordance with the Rule, GF therefore performed further due diligence on the source and chain of custody of the 3TGs in its Covered Products, which was designed to conform, in all material respects, with the OECD Guidance. GF also continues to evaluate market expectations for data collection and reporting to continuously improve its due diligence.
Due Diligence
A.Establish Strong Company Management Systems
Company Policies
As discussed above, GF’s Conflict Minerals Policy, which is available online at https://gf.com/wp-content/uploads/2025/01/Conflict-Minerals-Policy-1-2.pdf, establishes GF’s due diligence expectations for the sourcing of minerals and metals, including 3TGs. GF’s Conflict Minerals Policy prohibits the use of 3TGs if their sourcing contributes to financing armed conflict and human right abuses in the conflict regions in the Covered Countries and/or other CAHRAs. In addition, GF’s Global Human Rights Policy, which is available online at https://gf.com/wp-content/uploads/2023/06/Global-Human-Rights-Policy_EN_Oct-2023_final.pdf, also requires that all suppliers conform to the RBA’s Code of Conduct requirements, which in turn requires suppliers to adopt a policy relating to responsible sourcing of 3TG.
Internal Compliance Team and Management Oversight
GF’s responsible sourcing program is overseen by its Product Stewardship Manager and is reviewed by GF’s Stewardship Committee, whose membership includes senior executives representing the Legal, Finance, Manufacturing, Human Resources, Communications, Technology, Business Operations and Global Supply Chain. The GF Stewardship Committee sets strategic direction, conducts management reviews and provides guidance and approval regarding sustainability topics. In addition, management regularly conducts additional reviews to assess the effectiveness of its responsible sourcing management system. Weekly communications meetings with the Director of Corporate EHS and Sustainability facilitate continuous evaluation, and quarterly reviews with the Stewardship Committee provide opportunities to monitor progress and make necessary improvements. Management is dedicated to enhancing the responsible sourcing management system and working to ensure ethical and sustainable practices across operations and the supply chain. Management is committed to providing resources, conducting regular reviews and fostering a culture of training and learning to uphold its responsible sourcing commitments. The Corporate EHS and Sustainability staff also report periodically on the responsible sourcing program to the Audit, Risk and Compliance Committee of GF’s Board of Directors.
Third-Party Provider
As described above, GF also uses a third-party service provider to assist with evaluating supply chain information regarding 3TG, identifying potential risks and in developing and implementing additional due diligence steps GF will undertake with suppliers and/or respective stakeholders in regard to conflict minerals.
Supplier Engagement
GF has a well-established process in place to identify immediate suppliers and has established a clear criteria and systematic approach for approving suppliers, including responsible sourcing requirements and expectations. GlobalFoundries Responsible Minerals policies and requirements are communicated and available to our suppliers at the GlobalFoundries supplier webpage: https://gf.com/about-us/corporate-responsibility/supply-chain/. Suppliers are expected to undertake mineral supply chain due diligence and risk management in line with the standards defined in Annex II of the OECD Guidance, and GF seeks to ensure responsible sourcing through legally binding agreements, demonstrating its commitment to ethical and sustainable practices throughout the supply chain.
To support Tier 1 suppliers in improving their due diligence performance and risk management capacities, GF does regular check-in communications to assist suppliers, helping them comply with GF's supply chain policy and enhancing their understanding of responsible sourcing practices.
Grievance Mechanism
GF maintains a third-party Ethics First Helpline which is confidential and anonymous. The Ethics First Helpline is available globally via links on both GF’s intranet, external website, and is described in all issued purchase orders. The Helpline is accessible 24 hours a day, 365 days a year and online access is available in English, German and Mandarin. Call center translation services are available in over 200 languages enabling employees and any other person, including GF’s supply chain workers, another avenue to raise questions and/or report concerns. GF promptly reviews all reports and is committed to protecting anyone who makes a good-faith report from retaliation or discrimination. Investigations of complaints are overseen by the Ethics & Compliance Office and supported confidentially by other internal organizations, such as Internal Audit and other teams, as appropriate
Maintenance of Records
GF retains supplier CMRTs for a minimum of 5 years in conformance with GF’s records retention policy.
B.Identifying and Assessing Risk in the Supply Chain
As described above, GF reviews its products to identify whether 3TGs were necessary to the functionality or production of any products that GF manufactures or contracts to be manufactured. Per the Management of Supply Chain Information Procedure GF then identifies and surveys In-Scope Suppliers once per year to identify SORs in its supply chain and gather related information using the CMRT. GF uses a third-party platform to track the collection and status of supplier responses. The information provided in the CMRTs is reviewed against certain validation criteria and the OECD Guidance. Additionally, the CMRTs are checked for completeness and accuracy, and, when appropriate, GF follows up with its In-Scope Suppliers regarding any errors or additional required actions or information. For the year ended December 31, 2024, all 22 In-Scope Suppliers provided a completed CMRT.
GF has established a procedure for evaluating the collected information, which encompasses two aspects: regular tracking of publicly available information regarding its supply chain and an enhanced due diligence process aligned with the OECD Guidance, such as a review of detailed supplier due diligence audit reports, review of supplier policies and procedures and utilizing RMI platforms such as RRA, Material Insights and Global Risk Map.
GF has implemented a Smelter Risk Scoring Procedure relating to its Conflict Minerals Policy to assess identified risks within its supply chain. The Smelter Risk Scoring Procedure considers factors such as Geo-Risk, Audit Status and Sourcing Risk to calculate a Risk Rating (low, medium or high) for each SOR identified as being in its supply chain. A comprehensive risk assessment is conducted at least annually, and GF monitors risk on an ongoing basis. Any significant changes detected prompt an interim review. These ongoing risk assessments take into account GF’s policies, the OECD Guidance and relevant laws.
The above steps allow GF to stay updated on the status and performance of its suppliers and identify any potential high risks in its supply chain.
C.Implementing a Strategy to Respond to Risks
GF has established a risk mitigation procedure and process. When risks in the supply chain are identified, this process involves communication with senior management, and assigning manager responsibilities with measurable indicators.
GF also engages in a consultative process with affected In-Scope Suppliers and any other stakeholders to develop risk mitigation plan that includes a strategy for measurable risk mitigation.
Measurable indicators are put in place to evaluate the effectiveness of the planned risk mitigation actions, which include a focus on achieving 100% RMAP conformity in the supply chain. Ongoing risk monitoring and management reviews are conducted periodically, seeking to ensure that any deviations from the plan are identified and addressed promptly.
Feedback on CMRTs is given directly to applicable suppliers and educational resources are provided to assist suppliers in corrective action methods or to improve their internal programs, as needed.
Actions may include:
1.Engaging with SORs to request that they participate in an RMAP audit or re-audit.
2.Conducting outreach to suppliers and/or SORs to reinforce the requirement that the SORs complete and close any associated corrective action plan to move back to RMAP conformant status in order to remain in GF’s supply chain
3.If an SOR continues to not engage, then work with the supplier/s to consider an alternative sourcing of 3TGs
4.If timely action is not taken by an applicable supplier, suspension or disengagement with the supplier may become necessary
The program results are shared with the Stewardship Committee to ensure transparency within the Company.
GF stays informed of emerging topics and issues relating to responsible sourcing via participation in the RMI.
D.Third-Party Audit of Supply Chain Due Diligence
GF requires all its 3TG suppliers to only source from 3TG SORs that have been validated by the following third-party audited schemes: RMAP, LBMA, RJC CoC or TI-CMC.
The identified SORs have their due diligence practices audited by independent third parties. GF separately verifies SORs status identified by its suppliers by comparing to the RMI’s list of “Conformant” SORs. As a downstream company, GF does not have direct relationships with SORs and instead relies upon information from these independent third-party audit programs. For this reason, GF’s efforts to determine the mine or location of origin of its necessary 3TG with the greatest possible specificity consists of the due diligence measured described herein.
In addition to SOR audit participation, GF utilizes RBA questionnaires and tools, or equivalent methods, to annually assess its major suppliers’ conformance with the RBA Code and the GF Human Rights Policy principles and to inform GF about supply chain risk indicators, such as generic country / region, product and supply chain risk as well as specific supplier risks, as and if applicable.
GF continues to encourage suppliers to perform RBA VAP audits and share their results with GF. RBA VAP audits are comprehensive on-site third-party audits that include confidential worker interviews, audit review of policies, procedures and records, as well as site inspections.
E.Report Annually on Supply Chain Due Diligence
This Conflict Minerals Report is filed with the SEC and will be available after filing in our public website.
Due Diligence Results
The following are the supply chain outreach results of the due diligence conducted by GF for the year ended December 31, 2024.
3TG Supplier count by metal
| | | | | | | | |
| Mineral | Number of suppliers(1) | Response Rate |
| Tungsten | 14 | 100% |
| Tantalum | 7 | 100% |
| Tin | 10 | 100% |
| Gold | 4 | 100% |
(1)Includes some suppliers that supply more than one 3TG mineral.
3TG Smelter count by metal
| | | | | | | | |
| Mineral | Number of Smelters | RMAP/LBMA/RJC Conformant Status |
| Tungsten | 30 | 100% |
| Tantalum | 25 | 100% |
| Tin | 66 | 100% |
| Gold | 86 | 100% |
Smelters and Refiners
Appendix A includes all SORs that GF's In-Scope Suppliers identified in their completed CMRTs as in their respective supply chains for the year ended December 31, 2024.
GF has taken measures to validate all SOR data provided by its In-Scope Suppliers against validated audit programs and databases intended to verify RMAP conformant status and COO data. For the year ended December 31, 2024, GF had 207 3TG SORs in its supply chain (30 tungsten, 25 tantalum, 86 gold and 66 tin SORs) and all identified SORs were 100% RMAP conformant. In mid 2024, 24 Indonesian tin SORs were identified in the GlobalFoundries supply chain that had temporarily ceased operations due to enhanced regulatory scrutiny and stricter licensing requirements. RMAP changed the status of these facilities to "not eligible-conformant". Since then 9 facilities are back to status of "eligible and conformant". Fifteen SORs remain in "not eligible-conformant" status. In addition, one tin and one tantalum SOR, as flagged in Appendix A, moved to temporarily cease operations. These seventeen SORs continue to be non-operational. We did not source from any of these smelters when they were "not eligible-conformant" and they are not part of GF's supply chain as of December 31, 2024.
Country of Origin Information
Appendix B includes an aggregated list of COO from which the reported SORs collectively source 3TGs, based on reasonable identification of COO data obtained via its third-party provider’s database or other RCOI data, such as the RMI RCOI file.
Risk Mitigation Efforts
As discussed above, GF targets achieving 100% RMAP conformity in its supply chain. The conformant status of known SORs in GF's supply chain is reviewed monthly and annually, and ongoing risk monitoring and management review of the risk mitigation plan occur periodically. For the year ended December 31, 2024, 100% of SORs in GF's supply chain were RMAP conformant. In addition, GF was able to maintain a 100% RMAP conformant supply chain during the entire 2024 calendar year.
GF will continue to engage with its suppliers and provide them with information and training resources regarding responsible sourcing of 3TG and encourage suppliers to have due diligence procedures aligned with OECD Guidance for responsible sourcing in place for their supply chains to improve the content of the responses from its suppliers. GF will continue to enhance supplier communication and engagement to improve supplier data accuracy and completeness.
GF continues to utilize RMI’s Material Insights platform, Global Risk Map and RRA tools to review responsible sourcing risks that are material for 3TG. GF also participates in RMI’s working groups to collaborate with other RMI members in outreach activities to suppliers and to enhance its understanding of minerals’ value chain.
Cautionary Statements
This Conflict Minerals Report includes “forward-looking statements” that reflect our current expectations and views of future events. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include, but are not limited to, statements regarding our sourcing practices and supply chain. These statements are based on current expectations, assumptions, estimates, forecasts, projections and limited information available at the time they are made. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” "outlook," "on track" and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, political, regulatory and economic developments, whether in the Covered Countries, the United States or elsewhere, the accuracy of the information provided by our suppliers; our ability to identify and mitigate risks in our supply chain; and industry developments relating to supply chain diligence, disclosure and other practices. Any inaccuracy in our assumptions and estimates could affect the realization of the expectations or forecasts in these forward-looking statements.
Although we believe that the expectations reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Moreover, neither we, nor any other person, assumes responsibility for the accuracy and completeness of these statements. Recipients are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-looking statements as a result of new information, subsequent events, or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events. For a discussion of potential risks and uncertainties, please refer to the risk factors and cautionary statements in our 2024 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission. Copies of our SEC filings are available on our Investor Relations website, investors.gf.com, or from the SEC website, www.sec.gov.
APPENDIX A
ANNEX I: Smelter and Refiner List of identified SORs of 3TG reported in GlobalFoundries' supply chain for the year ended December 31, 2024.
| | | | | | | | | | | |
Metal | Smelter Name | Smelter Facility Location | RMAP Conformance Status |
| Tungsten | A.L.M.T. Corp. | Japan | Conformant |
| Gold | Abington Reldan Metals, LLC | United States Of America | Conformant |
| Gold | Advanced Chemical Company | United States Of America | Conformant |
| Gold | Agosi AG | Germany | Conformant |
| Gold | Aida Chemical Industries Co., Ltd. | Japan | Conformant |
| Gold | Almalyk Mining and Metallurgical Complex (AMMC) | Uzbekistan | Conformant |
| Tin | Alpha | United States Of America | Conformant |
| Gold | AngloGold Ashanti Corrego do Sitio Mineracao | Brazil | Conformant |
| Gold | Argor-Heraeus S.A. | Switzerland | Conformant |
| Gold | Asahi Pretec Corp. | Japan | Conformant |
| Gold | Asahi Refining Canada Ltd. | Canada | Conformant |
| Gold | Asahi Refining USA Inc. | United States Of America | Conformant |
| Gold | Asaka Riken Co., Ltd. | Japan | Conformant |
| Tungsten | Asia Tungsten Products Vietnam Ltd. | Viet Nam | Conformant |
| Gold | Aurubis AG | Germany | Conformant |
| Tin | Aurubis Beerse | Belgium | Conformant |
| Tin | Aurubis Berango | Spain | Conformant |
| Gold | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | Philippines | Conformant |
| Gold | Boliden Ronnskar | Sweden | Conformant |
| Gold | C. Hafner GmbH + Co. KG | Germany | Conformant |
| Gold | CCR Refinery - Glencore Canada Corporation | Canada | Conformant |
| Tin | Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. | China | Conformant |
| Tin | Chifeng Dajingzi Tin Industry Co., Ltd. | China | Conformant |
| Gold | Chimet S.p.A. | Italy | Conformant |
| Tungsten | China Molybdenum Tungsten Co., Ltd. | China | Conformant |
| Tin | China Tin Group Co., Ltd. | China | Conformant |
| Tungsten | Chongyi Zhangyuan Tungsten Co., Ltd. | China | Conformant |
| Gold | Chugai Mining | Japan | Conformant |
| Tin | CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda | Brazil | Conformant |
| Tin | CRM Synergies | Spain | Conformant |
| Tungsten | Cronimet Brasil Ltda | Brazil | Conformant |
| Tin | CV Ayi Jaya | Indonesia | Conformant |
| Tantalum | D Block Metals, LLC | United States Of America | Conformant |
| Gold | Dowa | Japan | Conformant |
| Tin | Dowa | Japan | Conformant |
Tin* | DS Myanmar | Myanmar | Not Eligible-Conformant |
| Gold | DSC (Do Sung Corporation) | Korea, Republic Of | Conformant |
| Gold | Eco-System Recycling Co., Ltd. East Plant | Japan | Conformant |
| Gold | Eco-System Recycling Co., Ltd. North Plant | Japan | Conformant |
| Gold | Eco-System Recycling Co., Ltd. West Plant | Japan | Conformant |
| Tin | EM Vinto | Bolivia (Plurinational State Of) | Conformant |
| Tin | Estanho de Rondonia S.A. | Brazil | Conformant |
| Tantalum | F&X Electro-Materials Ltd. | China | Conformant |
| Tin | Fenix Metals | Poland | Conformant |
| Tantalum | FIR Metals & Resource Ltd. | China | Conformant |
| Tungsten | Fujian Xinlu Tungsten Co., Ltd. | China | Conformant |
| | | | | | | | | | | |
| Tungsten | Ganzhou Jiangwu Ferrotungsten Co., Ltd. | China | Conformant |
| Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. | China | Conformant |
| Tin | Gejiu Non-Ferrous Metal Processing Co., Ltd. | China | Conformant |
| Tantalum | Global Advanced Metals Aizu | Japan | Conformant |
| Tantalum | Global Advanced Metals Boyertown | United States Of America | Conformant |
| Tungsten | Global Tungsten & Powders LLC | United States Of America | Conformant |
| Gold | Gold by Gold Colombia | Colombia | Conformant |
| Gold | Gold Refinery of Zijin Mining Group Co., Ltd. | China | Conformant |
| Tin | Guangdong Hanhe Non-Ferrous Metal Co., Ltd. | China | Conformant |
Tantalum | Guangdong Rising Rare Metals-EO Materials Ltd. | China | Conformant |
| Tungsten | Guangdong Xianglu Tungsten Co., Ltd. | China | Conformant |
| Tungsten | H.C. Starck Tungsten GmbH | Germany | Conformant |
| Gold | Heimerle + Meule GmbH | Germany | Conformant |
| Tantalum | Hengyang King Xing Lifeng New Materials Co., Ltd. | China | Conformant |
| Gold | Heraeus Germany GmbH Co. KG | Germany | Conformant |
| Gold | Heraeus Metals Hong Kong Ltd. | China | Conformant |
| Tungsten | Hubei Green Tungsten Co., Ltd. | China | Conformant |
| Tin | HuiChang Hill Tin Industry Co., Ltd. | China | Conformant |
| Tungsten | Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch | China | Conformant |
| Gold | Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. | China | Conformant |
| Gold | Ishifuku Metal Industry Co., Ltd. | Japan | Conformant |
| Gold | Istanbul Gold Refinery | Turkey | Conformant |
| Gold | Italpreziosi | Italy | Conformant |
| Gold | Japan Mint | Japan | Conformant |
| Tungsten | Japan New Metals Co., Ltd. | Japan | Conformant |
| Tungsten | Jiangwu H.C. Starck Tungsten Products Co., Ltd. | China | Conformant |
| Gold | Jiangxi Copper Co., Ltd. | China | Conformant |
| Tungsten | Jiangxi Gan Bei Tungsten Co., Ltd. | China | Conformant |
| Tin | Jiangxi New Nanshan Technology Ltd. | China | Conformant |
| Tungsten | Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | China | Conformant |
| Tantalum | Jiangxi Tuohong New Raw Material | China | Conformant |
| Tungsten | Jiangxi Xinsheng Tungsten Industry Co., Ltd. | China | Conformant |
| Tungsten | Jiangxi Yaosheng Tungsten Co., Ltd. | China | Conformant |
| Tantalum | JiuJiang JinXin Nonferrous Metals Co., Ltd. | China | Conformant |
| Tantalum | Jiujiang Tanbre Co., Ltd. | China | Conformant |
| Tantalum | Jiujiang Zhongao Tantalum & Niobium Co., Ltd. | China | Conformant |
| Gold | JX Nippon Mining & Metals Co., Ltd. | Japan | Conformant |
| Gold | Kazzinc | Kazakhstan | Conformant |
| Tungsten | Kennametal Fallon | United States Of America | Conformant |
| Tungsten | Kennametal Huntsville | United States Of America | Conformant |
| Gold | Kennecott Utah Copper LLC | United States Of America | Conformant |
| Gold | KGHM Polska Miedz Spolka Akcyjna | Poland | Conformant |
| Gold | Kojima Chemicals Co., Ltd. | Japan | Conformant |
| Gold | Korea Zinc Co., Ltd. | Korea, Republic Of | Conformant |
| Tungsten | Lianyou Metals Co., Ltd. | Taiwan, Province Of China | Conformant |
| Gold | LS MnM Inc. | Korea, Republic Of | Conformant |
| Gold | LT Metal Ltd. | Korea, Republic Of | Conformant |
| Tin | Luna Smelter, Ltd. | Rwanda | Conformant |
| Tin | Magnu's Minerais Metais e Ligas Ltda. | Brazil | Conformant |
| Tin | Malaysia Smelting Corporation (MSC) | Malaysia | Conformant |
| Tin | Malaysia Smelting Corporation Berhad (Port Klang) | Malaysia | Conformant |
| Tungsten | Malipo Haiyu Tungsten Co., Ltd. | China | Conformant |
| | | | | | | | | | | |
| Tungsten | Masan High-Tech Materials | Viet Nam | Conformant |
| Gold | Materion | United States Of America | Conformant |
| Tantalum | Materion Newton Inc. | United States Of America | Conformant |
| Gold | Matsuda Sangyo Co., Ltd. | Japan | Conformant |
| Gold | Metal Concentrators SA (Pty) Ltd. | South Africa | Conformant |
| Tin | Metallic Resources, Inc. | United States Of America | Conformant |
| Tantalum | Metallurgical Products India Pvt., Ltd. | India | Conformant |
| Gold | Metalor Technologies (Hong Kong) Ltd. | China | Conformant |
| Gold | Metalor Technologies (Singapore) Pte., Ltd. | Singapore | Conformant |
| Gold | Metalor Technologies (Suzhou) Ltd. | China | Conformant |
| Gold | Metalor Technologies S.A. | Switzerland | Conformant |
| Gold | Metalor USA Refining Corporation | United States Of America | Conformant |
| Gold | Metalurgica Met-Mex Penoles S.A. De C.V. | Mexico | Conformant |
| Tin | Mineracao Taboca S.A. | Brazil | Conformant |
| Tin | Mining Minerals Resources SARL | Congo, Democratic Republic Of The | Conformant |
| Tin | Minsur | Peru | Conformant |
| Gold | Mitsubishi Materials Corporation | Japan | Conformant |
| Tin | Mitsubishi Materials Corporation | Japan | Conformant |
| Tantalum | Mitsui Mining and Smelting Co., Ltd. | Japan | Conformant |
| Gold | Mitsui Mining and Smelting Co., Ltd. | Japan | Conformant |
| Gold | MKS PAMP SA | Switzerland | Conformant |
| Gold | MMTC-PAMP India Pvt., Ltd. | India | Conformant |
| Gold | Nadir Metal Rafineri San. Ve Tic. A.S. | Turkey | Conformant |
| Gold | Navoi Mining and Metallurgical Combinat | Uzbekistan | Conformant |
| Gold | NH Recytech Company | Korea, Republic Of | Conformant |
| Tungsten | Niagara Refining LLC | United States Of America | Conformant |
| Gold | Nihon Material Co., Ltd. | Japan | Conformant |
| Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. | China | Conformant |
| Tantalum | NPM Silmet AS | Estonia | Conformant |
| Tin | O.M. Manufacturing (Thailand) Co., Ltd. | Thailand | Conformant |
| Tin | O.M. Manufacturing Philippines, Inc. | Philippines | Conformant |
| Gold | Ohura Precious Metal Industry Co., Ltd. | Japan | Conformant |
| Tin | Operaciones Metalurgicas S.A. | Bolivia (Plurinational State Of) | Conformant |
| Tungsten | Philippine Chuangxin Industrial Co., Inc. | Philippines | Conformant |
| Gold | Planta Recuperadora de Metales SpA | Chile | Conformant |
| Gold | PT Aneka Tambang (Persero) Tbk | Indonesia | Conformant |
| Tin* | PT Aries Kencana Sejahtera | Indonesia | Not Eligible-Conformant |
| Tin* | PT Artha Cipta Langgeng | Indonesia | Not Eligible-Conformant |
| Tin | PT ATD Makmur Mandiri Jaya | Indonesia | Conformant |
| Tin* | PT Babel Inti Perkasa | Indonesia | Not Eligible-Conformant |
| Tin* | PT Babel Surya Alam Lestari | Indonesia | Not Eligible-Conformant |
| Tin | PT Bangka Prima Tin | Indonesia | Conformant |
| Tin* | PT Bangka Serumpun | Indonesia | Not Eligible-Conformant |
| Tin* | PT Bukit Timah | Indonesia | Not Eligible-Conformant |
| Tin | PT Cipta Persada Mulia | Indonesia | Conformant |
| Tin* | PT Menara Cipta Mulia | Indonesia | Not Eligible-Conformant |
| | | | | | | | | | | |
| Tin | PT Mitra Stania Prima | Indonesia | Conformant |
| Tin | PT Mitra Sukses Globalindo | Indonesia | Conformant |
| Tin | PT Premium Tin Indonesia | Indonesia | Conformant |
| Tin | PT Putera Sarana Shakti (PT PSS) | Indonesia | Conformant |
| Tin* | PT Rajawali Rimba Perkasa | Indonesia | Not Eligible-Conformant |
| Tin | PT Rajehan Ariq | Indonesia | Conformant |
Tin* | PT Refined Bangka Tin | Indonesia | Not Eligible-Conformant |
Tin* | PT Sariwiguna Binasentosa | Indonesia | Not Eligible-Conformant |
Tin* | PT Stanindo Inti Perkasa | Indonesia | Not Eligible-Conformant |
| Tin* | PT Sukses Inti Makmur | Indonesia | Not Eligible-Conformant |
| Tin* | PT Timah Nusantara | Indonesia | Not Eligible-Conformant |
| Tin | PT Timah Tbk Kundur | Indonesia | Conformant |
| Tin | PT Timah Tbk Mentok | Indonesia | Conformant |
Tin* | PT Tinindo Inter Nusa | Indonesia | Not Eligible-Conformant |
| Tin* | PT Tommy Utama | Indonesia | Not Eligible-Conformant |
| Gold | PX Precinox S.A. | Switzerland | Conformant |
| Gold | Rand Refinery (Pty) Ltd. | South Africa | Conformant |
| Gold | REMONDIS PMR B.V. | Netherlands | Conformant |
| Tin | Resind Industria e Comercio Ltda. | Brazil | Conformant |
| Gold | Royal Canadian Mint | Canada | Conformant |
| Tin | Rui Da Hung | Taiwan, Province Of China | Conformant |
| Gold | SAFINA A.S. | Czechia | Conformant |
| Gold | SEMPSA Joyeria Plateria S.A. | Spain | Conformant |
| Gold | Shandong Gold Smelting Co., Ltd. | China | Conformant |
| Gold | Shandong Zhaojin Gold & Silver Refinery Co., Ltd. | China | Conformant |
| Gold | Sichuan Tianze Precious Metals Co., Ltd. | China | Conformant |
| Gold | Solar Applied Materials Technology Corp. | Taiwan, Province Of China | Conformant |
| Gold | Sumitomo Metal Mining Co., Ltd. | Japan | Conformant |
| Gold | SungEel HiMetal Co., Ltd. | Korea, Republic Of | Conformant |
| Tin | Super Ligas | Brazil | Conformant |
| Gold | T.C.A S.p.A | Italy | Conformant |
| Tin | Takehara PVD Materials Plant / PVD Materials Division of MITSUI MINING & SMELTING CO., LTD. | Japan | Conformant |
| Gold | Tanaka Kikinzoku Kogyo K.K. | Japan | Conformant |
| Tantalum | TANIOBIS Co., Ltd. | Thailand | Conformant |
| Tantalum | TANIOBIS GmbH | Germany | Conformant |
| Tantalum | TANIOBIS Japan Co., Ltd. | Japan | Conformant |
| Tungsten | TANIOBIS Smelting GmbH & Co. KG | Germany | Conformant |
| Tantalum | TANIOBIS Smelting GmbH & Co. KG | Germany | Conformant |
| Tantalum | Telex Metals | United States Of America | Conformant |
| Tin | Thaisarco | Thailand | Conformant |
| Tin | Tin Smelting Branch of Yunnan Tin Co., Ltd. | China | Conformant |
| Tin | Tin Technology & Refining | United States Of America | Conformant |
| Gold | Tokuriki Honten Co., Ltd. | Japan | Conformant |
| Gold | TOO Tau-Ken-Altyn | Kazakhstan | Conformant |
| Tantalum | Ulba Metallurgical Plant JSC | Kazakhstan | Conformant |
| Gold | Umicore S.A. Business Unit Precious Metals Refining | Belgium | Conformant |
| | | | | | | | | | | |
| Gold | United Precious Metal Refining, Inc. | United States Of America | Conformant |
| Gold | Valcambi S.A. | Switzerland | Conformant |
| Gold | Western Australian Mint (T/a The Perth Mint) | Australia | Conformant |
| Tin | White Solder Metalurgia e Mineracao Ltda. | Brazil | Conformant |
| Gold | WIELAND Edelmetalle GmbH | Germany | Conformant |
| Tungsten | Wolfram Bergbau und Hutten AG | Austria | Conformant |
| Tin | Woodcross Smelting Company Limited | Uganda | Conformant |
| Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. | China | Conformant |
| Tungsten | Xiamen Tungsten Co., Ltd. | China | Conformant |
| Tantalum | XIMEI RESOURCES (GUANGDONG) LIMITED | China | Conformant |
Tantalum * | XinXing HaoRong Electronic Material Co., Ltd. | China | Not Eligible-Conformant |
| Gold | Yamakin Co., Ltd. | Japan | Conformant |
| Tantalum | Yanling Jincheng Tantalum & Niobium Co., Ltd. | China | Conformant |
| Gold | Yokohama Metal Co., Ltd. | Japan | Conformant |
| Tin | Yunnan Chengfeng Non-ferrous Metals Co., Ltd. | China | Conformant |
| Tin | Yunnan Yunfan Non-ferrous Metals Co., Ltd. | China | Conformant |
| Gold | Zhongyuan Gold Smelter of Zhongjin Gold Corporation | China | Conformant |
* Tin and Tantalum SORs that temporarily ceased operations mid-year 2024 and continue to be non-operational. We did not source from any of these smelters when they were "not eligible-conformant" and they are not part of GF's supply chain as of December 31, 2024.
Appendix B
ANNEX II: Countries of Origin of 3TG
Note: Countries that do not contain physical mine locations have been included as they are a source of recycled/scrap materials
| | | | | | | | | | | |
| Andorra | Fiji | Mauritania | Sudan |
| Argentina | Finland | Mexico | Suriname |
| Australia | France | Mongolia | Sweden |
| Austria | Georgia | Morocco | Switzerland |
| Azerbaijan | Germany | Mozambique | Tajikistan |
| Belarus | Ghana | Myanmar | Tanzania* |
| Belgium | Guatemala | Namibia | Thailand |
| Benin | Guinea | Netherlands | Turkey |
| Bolivia (Plurinational State of) | Guyana | New Zealand | Uganda* |
| Botswana | Honduras | Nicaragua | United Arab Emirates |
| Brazil | Hong Kong | Niger | United Kingdom |
| Bulgaria | Hungary | Nigeria | United States |
| Burkina Faso | India | Oman | Uruguay |
| Burundi* | Indonesia | Panama | Uzbekistan |
| Cambodia | Ireland | Papua New Guinea | VietNam |
| Canada | Israel | Peru | Zambia* |
| Chile | Italy | Philippines | |
| China | Japan | Poland | |
| Colombia | Kazakhstan | Portugal | |
| Congo* | Kenya | Russian Federation | |
| Cyprus | Korea | Rwanda* | |
| Democratic Republic of the Congo* | Kyrgyzstan | Saudi Arabia | |
| Dominican Republic | Liberia | Senegal | |
| Ecuador | Liechtenstein | Serbia | |
| Egypt | Lithuania | Sierra Leone | |
| El Salvador | Luxembourg | Singapore | |
| Estonia | Madagascar | Slovakia | |
| Ethiopia | Malaysia | South Africa | |
| Ecuador | Mali | Spain | |
* The DRC or an adjoining country.