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GLOBALFOUNDRIES to Build $2 Billion Technology Development Center In New York State’s Capital Region

Abu Dhabi-based GLOBALFOUNDRIES, a semiconductor and integrated circuit manufacturer, will build a $2 billion dollar research and development Technology Development Center at its Fab 8 Luther Forest Technology Campus in Saratoga County, New York, with estimates of creating at least 500 new, high-paying jobs.

"This significant expansion demonstrates that the investments we have made in nanotechnology research across New York State are producing the intended return— the creation of high-paying jobs and generation of economic growth that is essential to rebuilding our state," Governor Andrew Cuomo said. "New York has become the world's hub for advanced semiconductor research and now, the Technology Development Center will further help ensure the innovations developed in New York, in collaboration with our research institutions, are manufactured in New York."

The TDC represents an additional investment of approximately $2 billion. It will include 90,000 square feet of flexible cleanroom space that will house a variety of semiconductor development and manufacturing areas to support the transition to new technology nodes. Construction of the TDC is planned to begin in early 2013 with completion targeted for late 2014, the Governor’s Office said. No new incentives were provided from the State.

Ajit Manocha, GLOBALFOUNDRIES Chief Executive Officer said, "As the industry shifts from the PC era to a market focused on mobile devices, we have seen increasingly strong interest from customers in migrating to advanced nodes on an accelerated schedule. To help facilitate this migration, we are making significant investments in strengthening our technology leadership, including growing our workforce and adding new capabilities to make Fab 8 the hub of our global technology operations. New York State’s continued support of the semiconductor industry has created a strong collaborative ecosystem and helped pave the way for this additional investment. The new TDC will help us bridge between the lab and the Fab by taking research conducted with partners and further developing the technologies to make them ready for volume manufacturing."

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