Friday, August 01, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
French Carrier Iliad To Bid For T-Mobile
Google's Ambitious Secret Barge Project Was Scarped
Chinese Smartphones Boost Sharp's 1Q Operating Profit
HP's Luxury Smartwatch Coming This Fall
Tessera and Micron Execute New Technology and Patent License Agreements
Sony Releases The AS20 Action Cam, New Cyber-shots
Microsoft Releases New Limited Edition Wireless Mobile Mouse 3500 With Master Chief from Halo
Researchers Discover New Smartphone Flaws
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 Introduces New Kaveri APUs for System Builders
AMD Opteron 64-Bit ARM-Based Developer Kits Now Available
AMD Reports Second-quarter Loss
AMD Announces New A-Series APUs
AMD Mantle API Gains Support Of Three New Electronic Arts Titles
Here's AMD's New FirePro W8100 New Professional Graphics Card
AMD to Release Liquid-Cooled CPU
AMD's APUs To Deliver 25x Efficiency Gains by 2020
Executive Changes For AMD
AMD Adds New Games to Never Settle Forever Bundle
AMD To Outsource Chipsets Development To ASMedia: report
New Mobile Kaveri APU brings Steamroller, Graphics Core Next and HSA to Notebooks

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .