Global Technology Leader ams AG Plans Wafer Fabrication Facility In Marcy, New York
In partnership with New York State, SUNY Poly CNSE, Fort Schuyler Management and Mohawk Valley Edge, ams will construct, staff and operate a state-of-the-art 200/300 mm wafer fabrication facility in support of the company’s high performance analog semiconductor operations.
Construction of the ams fab is scheduled to begin in spring 2016 at the 450-acre Marcy Nanocenter site. Capital purchases, operating expenses and other investments in the facility over the first 20 years are estimated at more than $2 billion. ams will create and retain more than 700 full time jobs and anticipates the creation of at least 500 additional support jobs from contractors, subcontractors, suppliers, and partners necessary to establish the full ecosystem necessary to enable advanced manufacturing operations.
ams COO Dr. Thomas Stockmeier said, “Building a new wafer fab will help us achieve our growth plans and meet the increasing demand for our advanced manufacturing nodes. Our decision to locate the facility in New York was motivated by the highly-skilled workforce, the proximity to esteemed education and research institutions, and the favorable business environment provided by Governor Cuomo and all the public and private partners we are working with on this important project.”
GE Global Research will expand its New York global operations to the Mohawk Valley, serving as the anchor tenant of the Computer Chip Commercialization Center on the campus of SUNY Polytechnic Institute’s Colleges of Nanoscale Science and Engineering in Utica, according to Governor Andrew Cuomo. Nearly 500 jobs are expected to be created in the Mohawk Valley in the next five years from SUNY Poly, GE and affiliated corporations and another 350 in the subsequent five years.
“This is a transformative moment that will make a difference in peoples’ lives in the Mohawk Valley for generations to come,” said Governor Cuomo. “Over the past few years, we have worked to reverse the negative and invest in Upstate NY – and today we’re taking another huge step forward. With GE and ams joining the Nano Utica initiative, we’re seeing the region’s economy gathering momentum unlike ever before. The Mohawk Valley is beginning an economic revolution around nanotechnology, and I am excited to see the region take off and thrive, both today and in the years ahead.”
Why are Foreign Trade Zones Making a Comeback?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Nondisclosure Agreements Best Practices When Negotiating Incentives