AMD Confirms a New Fab in New York State
June 24, 2006 11:05 AM
comment(s) - last by
Costing $3.5 billion, the new fab is set to open in 2010
Earlier this month,
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
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.
This article is over a month old, voting and posting comments is disabled
RE: Let's look at that per-job cost, shall we?
6/26/2006 3:27:44 AM
That kind of plant is somthing that a local buisness man or politition would kill for. High paying jobs and a high profile buisness that could help attract other buisness that are also big investors and spenders. Dont forget that the high paid workers are going to spend more mony in the economy causing more jobs and more taxes If there is much unenployment at all there could be a lot of people who are being supported by tax dollers pay taxes. Dont forget that all the people that have jobs because the plant workers spend mony on things will also spend mony themselves on food dining houses etc.
Seriously some economists think that there is a 4xs effect so they can tax the people that serve the people that serve the plant workers and reasearchers.
RE: Let's look at that per-job cost, shall we?
6/26/2006 9:14:37 AM
> "High paying jobs and a high profile buisness that could help attract other buisness "
Sure; they're hoping for a trickle-down effect. My original point was that there was no way the direct effects of the plant would ever pay back the billion-dollar incentive package.
> "That kind of plant is somthing that a local buisness man or politition would kill for..."
Sure, it benefits both of them a great deal, even if it costs the average citizen a small fortune. Again, I'm not saying its the case here, but its happened before.
"A lot of people pay zero for the cellphone ... That's what it's worth." -- Apple Chief Operating Officer Timothy Cook
Intel Opens 300mm Wafer Fab 24-2
June 23, 2006, 10:09 AM
AMD Could Launch New Chip Fab in New York State
June 4, 2006, 7:31 PM
AMD To Transform Fab 30 Into Fab 38
May 29, 2006, 3:24 PM
Sony May Consider Spinning Off Entertainment Division
May 22, 2013, 8:19 AM
Seawater Cooling Saves Data Center Big Bucks, Energy, Despite Jellyfish Issues
May 17, 2013, 3:23 PM
Dell Profits Shrink as Contenders Battle to Buyout Company
May 17, 2013, 9:32 AM
AMD, Microsoft Beat Analyst Estimates, Despite Struggles
April 19, 2013, 12:02 PM
Botched Malwarebytes Security Update Cripples Thousands of Computers
April 18, 2013, 10:59 AM
South Korean Police Raid Samsung Offices During OLED Investigation
April 10, 2013, 11:48 AM
Most Popular Articles
Source: Don't Worry, NSA Spies on "99 Percent" of Americans' Locations, Call Records
June 14, 2013, 3:57 PM
Report: Intel Delays 14 nm Broadwell, Schedules Haswell Refresh for 2014
June 17, 2013, 5:30 PM
NSA Leaker May be Killed in Drone Strike Says Ron Paul
June 17, 2013, 11:18 AM
Report: Apple to Release Larger iPhone Screens, Cheaper iPhone for $99
June 13, 2013, 9:41 AM
Just How Powerful is the Xbox One? Microsoft is Confused
June 18, 2013, 11:30 AM
Latest Blog Posts
Lumosity: Does it Work?
May 22, 2013, 8:20 PM
Quick Note: Sony "Teases" PS4 Ahead of Xbox Reveal in New Video
May 20, 2013, 12:33 PM
Nokia Introduces Instagram-Like App of Its Own to Help Lumia Sales
May 20, 2013, 7:10 AM
Parents of Pre-Teen Drivers Commonly Practice Distracted Driving Says Study
May 9, 2013, 7:16 AM
Apple's iOS 7 Running Into Internal Delays Due to Massive Overhaul
May 1, 2013, 4:26 PM
More Blog Posts
Copyright 2013 DailyTech LLC. -
Terms, Conditions & Privacy Information