Feeds

New York serves AMD free Foundry lunch

Empire State fab a go

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

As state and local governments across the U.S. starve for revenue during the ongoing financial meltdown, AMD and its Abu Dhabi-based partner, Advanced Technology Investment Co., were yesterday unanimously voted $1.2bn in tax and cash incentives from New York's Empire State Development Corp., according to a report published in Albany's The Business Review.

New York's economic-development agency is providing the billion-plus bribe incentive package in return for the siting of a $4.6bn fab in Malta NY, 20 miles north of the state capital of Albany. The chipmaking facility will become a key tenant of the Luther Forest Technology Campus, which earlier received a comparatively paltry $31.2m grant from the same state agency to spruce up its roads and transmission lines in preparation for the fab. The mega-factory will be built and operated by The Foundry Company, a joint venture of AMD and Advanced Technology Investment Co.

When the 32nm fab was first announced in mid-2006, TheStreet.com reported that it would cost $3.6bn, that the incentive package would be in the $900m range, and that it would be completed "sometime between 2012 and 2014." What the final costs and fab start-up date will actually be, of course, remain elusive during these days of hyper-tight credit conditions.

The incentive plan is to be discussed in a public hearing next Wednesday at the Luther Forest campus. ®

5 things you didn’t know about cloud backup

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?