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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Oi, Tim Cook. Apple Watch. I DARE you to tell me, IN PERSON, that it's secure
State attorney demands Apple CEO bows the knee to him
4K-ing excellent TV is on its way ... in its own sweet time, natch
For decades Hollywood actually binned its 4K files. Doh!
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's SNEAKY plan: COPY ANDROID. Hello iPhone 6, Watch
Sizes, prices and all – but not for the wrist-o-puter
DARPA-backed jetpack prototype built to make soldiers run faster
4 Minute Mile project hatched to speed up tired troops
Hey, Mac fanbois. HGST wants you drooling over its HUGE desktop RACK
What vast digital media repository could possibly need 64 TERABYTES?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.