GlobalFoundries Asks New York for Another $300 million
03/26/2010
The semiconductor chip manufacturer is planning a new, 1.3 million-square-foot foundry at the Luther Forest Technology Campus in Saratoga County. The company employs 1,400 workers, and will add approximately 200 under its agreement with the state. It wants to use the additional money to add 90,000 square feet to its manufacturing clean room, which is currently slated for 210,000 square feet.
"It's exciting," State Assembly Majority Leader Ron Canestrari told the Albany Times Union. "The difficulty is the additional money in the political climate and economic climate we're dealing with. We're uncertain there will be any capital funding this year."
Since GlobalFoundries purchased a Singapore company in January, it has hired an additional 7,000 employees and acquired six more facilities. Although its request from the state is significant, state officials are looking forward to an investment's economic return.
Project Announcements
AESC Expands Florence, South Carolina, Operations
03/28/2024
Alticor Expands Ada Township, Michigan, Operations
03/27/2024
Eastman Plans Longview, Texas, Production Operations
03/27/2024
DHL Supply Chain-Vantage Data Centers NV11 Plan Nevada Operations
03/26/2024
Big Jet Expands Pittsburgh, Pennsylvania, Operations
03/26/2024
Landmark Ceramics UST Expands Mt. Pleasant, Tennessee, Operations
03/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
Manufacturing Momentum Is Building
Q1 2024
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023