You Had to Keep an Eye On The Stalemate ?

Governor Pataki and AMDs CEO Ruiz announce plans for multi-billion dollar 300 mm semiconductor manufacturing plant

Plan Would Allow for the Largest Private Investment in NYS History Most Advanced Plant in the World, Creating Over 1,200 High-Tech Jobs, Thousands of Construction Jobs and More Than 3,000 Indirect Jobs




23 Jun 2006 , New York State : Governor George E. Pataki, Dr. Hector Ruiz, Chairman and CEO of AMD (NYSE: AMD), Senate Majority Leader Joseph L. Bruno and Assembly Speaker Sheldon Silver today announced plans for one of the largest private sector industrial investments in New York State history -- a multi-billion dollar deal that would enable AMD to build and operate the most advanced semiconductor manufacturing facility in the world at the Luther Forest Technology Park. This unprecedented economic development project is projected to create more than 1,200 new high-tech jobs, thousands of construction jobs, and more than 3000 indirect jobs.

Under the terms of this non-binding agreement, AMD would be able to construct a new, $600 million, 1.2 million square foot facility, equipped with approximately $2.6 billion in state-of-the-art tools designed to produce 300 mm wafers using 32nm process technology. Expenditures at the facility are projected to total more than $2 billion during the first five years of operation, bringing the projected total investment to $5.2 billion. The Luther Forest site in Saratoga County was selected by AMD after an extensive review of a number of sites nationwide and internationally. The agreement enables construction on the 1.2 million square foot plant to begin between July 2007 and July 31, 2009 and be fully operational sometime between December 31, 2012 and December 31, 2014.

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from having two customers, AMD and ST Microelectronics, GlobalFoundries suddenly has over 150. Just impressive!!!