AMD Establishes Monroe-Dutchess County, New York, Operations
08/09/2023
The new research and design facilities will focus on the design and validation of mixed-signal integrated circuits and packaging for processors that are used in cloud computing, data centers, gaming, and PCs.
“AMD employees in Monroe and Dutchess County are focused on research and design efforts to develop next generation high-performance processors,” AMD Executive Vice President and Chief Technology Officer Mark Papermaster said. “We are excited to expand our presence in the region, which is renowned for its top research universities and engineering talent, and to continue advancing leading-edge semiconductor innovation in the U.S.”
Empire State Development is assisting AMD with the project by providing up to $5 million in performance-based Excelsior Tax Credits in exchange for the statewide job creation commitments. Starting with an initial investment of $3.3 million, the company expects to continue to further finance operations at both locations over the next several years. Greater Rochester Enterprise also offered critical assistance for this project.
"New York State is home to some of the most talent-rich tech companies in the semiconductor industry,” noted Noted Empire State Development President, CEO and Commissioner Hope Knight. “By supporting AMD and other businesses committed to growing next-generation technologies, we are bolstering the economy, creating good-paying jobs and fueling transformative opportunities throughout the state."
Advanced Micro Devices, Inc., commonly abbreviated as AMD, is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets.
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