Monday, April 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Launches Six Original Series on Samsung VR Video Service on Gear VR
Facebook Says Users Are Not Products, the Social Network Is
European Regulators Investigate Apple's Proposed Acquisition of Shazam
Amazon is Working on Home Robots: report
7nm Volume Production to Fuel TSMC's Profits This Year
Toshiba Weighs Memory Chip Unit Options
Google Chat Launches to compete with Apple's iMessage
ASUS ZenFone Max Pro M1 Brings Great Value Priced at Just $165
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Globalf...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, June 10, 2009
Globalfoundries to Build Semiconductor Manufacturing Facility in Upstate New York


GLOBALFOUNDRIES today announced it has issued the formal commitment letter to the State of New York for the construction of the Fab 2 project at the Luther Forest Technology Campus (LFTC).

The letter officially initiates the construction phase of the Fab 2 project and triggers the State of New York to begin the process of issuing bonds for the payment of reimbursements and incentives to the company for the development of the estimated $4.2 billion semiconductor wafer fabrication facility, or "fab."

GLOBALFOUNDRIES launched in March 2009 through a partnership between AMD and the Advanced Technology Investment Company (ATIC).

"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 Hector Ruiz, chairman, GLOBALFOUNDRIES. ?Over the course of that time we have worked hard to develop this project while reinventing our overall business strategy and ultimately launching GLOBALFOUNDRIES as a new company. Along the way we have had tremendous support from the people of New York and it is with great pleasure that today we announce our official commitment and the start of the construction phase of this exciting project.?

The construction project is expected to take approximately two years to complete and an additional 12 to 18 months to ramp to full operating mode, with volume production anticipated in roughly 2012.

The total capital budget for this project is estimated at approximately $4.2 billion, including local construction expenditures of approximately $800 million.


Previous
Next
OCZ Introduces the Agility Series 2.5" Solid State Drives For Mainstream Users        All News        WD Unveils First 4TB Extrenal Hard Drive
OCZ Introduces the Agility Series 2.5" Solid State Drives For Mainstream Users     PC Parts News      WD Unveils First 4TB Extrenal Hard Drive

Get RSS feed Easy Print E-Mail this Message

Related News
2nd Generation AMD Ryzen Desktop Processors Arrive to Offer Great Value
2nd Generation AMD Ryzen Processors Available April 19
AMD's Radeon RX 500X Series Is Nothing Than Rebranded Older RX 500 Cards
AMD Releases new Spectre Updates
AMD to Fix 13 processors Vulnerabilities Reported by CTS Labs Research
AMD Chips Have Security Flaws, Report Claims
AMD's Project ReSX Makes Popular Games Run Smoother
GPU Market Declined seasonally in Q4, Despite Interest in Cryptocurrency Mining
AMD Brings x86 'Zen' Architecture to the Embedded Market With new Ryzen Processors
First AMD Ryzen Desktop APUs Featuring Powerful Graphics Released
AMD EPYC Power Three New Platforms in Dell EMC PowerEdge Family
AMD's Fourth Quarter Revenue Grew 34 Percent

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .