Feeds

AMD fab spin-off to break super-skinny ground

Globalfoundries' NY wafer baker

The Essential Guide to IT Transformation

Globalfoundries, AMD's fab spin-off, has officially pledged to start construction of New-York-state plant targeting bleeding-edge 32nm and smaller-process silicon.

The company said Tuesday it sent a formal commitment letter to the state of New York for the construction of Fab 2 facilities at the Luther Forest Technology Campus in Saratoga County, New York. Globalfoundries' missive officially initiates the construction phase of the plant, as well as lets the state know its time to start issuing bonds to pay for development of the $4.2bn plant.

Fab 2 compliments Globalfoundries' cornerstone wafer bakery, Fab 1, in Dresden, Germany. The company reckons Fab 2 will be the world's first 300mm fab designed for 32nm technologies and the largest economic development project in the history of New York state.

The purchase of 223 acres of the 1,350-acre technology campus is set for Wednesday. Construction is expected to take two years to complete and an additional 12 to 18 months to swing into full operating mode. Volume production is expected in 2012.

The site is expected to create about 1,400 new indirect semiconductor manufacturing jobs at full scale production with an estimated annual payroll of more than $88m. Total capital budget for the project is about $4.2bn, including local construction expenditures of approximately $800m.

"It was three years ago this month that we announced plans to build and operate the most advanced semiconductor manufacturing facility in the world in upstate New York," said Globalfoundries chairman Hector Ruiz in a statement.

"We have worked hard to develop this project while reinventing our overall business strategy and ultimately launching Globalfoundries as a new company."®

Build a business case: developing custom apps

More from The Register

next story
Nice computers don’t need to go to the toilet, says Barclays
Bad computers might ask if you are Sarah Connor
4K video on terrestrial TV? Not if the WRC shares frequencies to mobiles
Have your say with Ofcom now, before Freeview becomes Feeview
YES, iPhones ARE getting slower with each new release of iOS
Old hardware doesn't get any faster with new software
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
You didn't get the MeMO? Asus Pad 7 Android tab is ... not bad
Really, er, stands out among cheapie 7-inchers
Apple winks at parents: C'mon, get your kid a tweaked Macbook Pro
Cheapest models given new processors, more RAM
VMware builds product executables on 50 Mac Minis
And goes to the Genius Bar for support
Leaked Windows Phone 8.1 Update specs tease details of Nokia's next mobes
New screen sizes, dual SIMs, voice over LTE, and more
Microsoft stands on shore as tablet-laden boat sails away
Brit buyers still not falling for Windows' charms
prev story

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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.