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.
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RE: Let's look at that per-job cost, shall we?
9/28/2006 3:56:13 PM
Do you not realize that NY is not paying 1B to AMD? Your entire argument is based on the assumpting that somehow the state of NY is giving AMD 1 billion dollars to build something.
The package is most likely incentives. Most of the 1 billion package is most likely tax breaks. The state doesn't spend a dime on stuff like that. And if the incentive program wasn't there, the fab would be built somewhere else, hence no gain whatsoever to the state of NY.
You people need to realize that when the state creates a package for a business to develop in the area, they're not sending a $1B check to the CEO.
"And boy have we patented it!" -- Steve Jobs, Macworld 2007
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