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Costing $3.5 billion, the new fab is set to open in 2010

Earlier this month, DailyTech brought you details about AMD's plans to open a fabrication facility in the state of New York. Although details at the time was sketchy and most of the information was unconfirmed, AMD's chairman Hector Ruiz this week announced that AMD will indeed be opening a facility in New York's Luther Forest Technology Park in Saratoga County.

AMD is expected to be spending upwards of $3.5 billion by the time the plant is finished. The plant is going to be home to more than 1000 employees and AMD says it should be completed sometime in 2010. In previous reports circulating online, it was indicated that New York state had been busy putting together an incentive package for AMD worth somewhere around the $1 billion mark. For New York state, having AMD build a new facility will introduce a big boost for the economy -- new jobs are created and the state gets more taxes. AMD is investing a lot into expansion recently, as the company also announced plans to spend roughly $2.5 billion to increase capacity at its Fab 30 facility in Dresden, Germany.

On the other side of the fence, Intel is making an effort to expand as well. Being AMD's biggest competitor, Intel announced too that it would build a new facility in Europe. Spending about $2 billion, Intel will open its first 65nm facility in Europe. Called Fab 24-2, it will be a major expansion on Intel's existing Fab 24 and will bring 300mm wafer production into the production line. Intel says that Fab 24-2 will be one of its largest.

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By mpc7488 on 6/24/2006 11:15:33 PM , Rating: 2
Don't forget RIT, UofR, Clarkson and RPI, there are a slew of engineers available. I do agree with you on the taxes though, I can't imagine the breaks that AMD must be getting to agree to locate here. Maybe Spitzer will shakes things up, but NY will always be a high tax bracket area.

By Zoomer on 6/28/2006 10:50:05 PM , Rating: 2
How good are these colleges really?

There are so many that it seems like an oversupply of universities.

By drwho9437 on 7/24/2006 1:58:08 PM , Rating: 2
Ummm. How can there be an oversupply? Lots of people come from out of state. RPI and Cornell are certainly considered very good (Cornell use to supply Bell Labs with all their PhDs). If NY people are looking for jobs for the state economy that might not happen directly, as companies like AMD recruit everywhere, but a good paying eng job no doubt helps local economy via a trickle down.

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