Area Development News Desk (03/05/2009)
Advanced Micro Devices (AMD) and United Arab Emirates-based Advanced
Technology Investment Company (ATIC) have formed a joint venture
company that will build a $4.2 billion semiconductor factory in Malta,
New York. A statement from Globalfoundries, the new company created by
the partnership, says the New York chip factory will be named Fab 2 and
is expected to create approximately 1,400 new direct jobs and more than
5,000 indirect jobs in the upstate New York region. The plant will use
32-nanometer (32nm) manufacturing technology to build chip circuitry
that is approximately one-millionth of an inch across. Company
officials say that once the plant is operational, it will be the only
independently managed advanced semiconductor factory in the United
States. The Albany Times Union reports that AMD was offered
more than $1.2 billion in cash and tax breaks from the state in 2006,
when the factory was first proposed and that Doug Grose,
Globalfoundries' new CEO, says the company has until July 31st to
notify the state of its plans for the build, at which time it can
become eligible for those incentives.
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