Saturday, January 21, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Sues Qualcomm Over Patent Royalties
Sharp Establishes New Research and Development Center for Home Appliances in China
Samsung Seeks Arbitration Over LCD Supply Halt
Canon May Invest In Toshiba's Chip Business
Samsung To Explain What Caused The Galaxy Note 7's ban In Press Event
Nintendo's 'Fire Emblem Heroes' Smartphone Game features in-app Purchases
Fujifilm X-T20 Features New 24MP Sensor and 4K Video Capture
Samsung Begins Rollout of Android 7.0 Nougat
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
AMD Outlines New Vega Graphics Architecture
AMD Showcases PCs and AM4 Motherboards Ready for Ryzen
AMD Radeon FreeSync 2 Technology Brings High Dynamic Range Gaming to PC Displays
New Ryzen CPU Could Give AMD A Better Market Share In 2Q17
AMD Ryzen Processors Detailed; They Are Smart And Powerful
AMD Announces Radeon Instinct GPU Accelerators for Deep Learning
Radeon Software Crimson ReLive Edition Brings Support For Chill, Along With New Features
Could Future Intel Chips Have AMD Graphics Inside?
Free Game Bundles For GeForce and Radeon Graphics Cards
Nvidia Was The Sole GPU Maker That Increased Its GPU Shipments In Q3 2016
AMD Radeon Open Compute Platform 1.3 Released At SC2016
New AMD Radeon Pro WX Series Graphics Cards Now Available

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .