Tuesday, September 01, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
This Is Google's Redesigned Logo
Instagram Gets New Features
Alliance for Open Media To Deliver Open Standard for Online Ultra High Definition Video
Seagate Develops High Density Mobile Hard Drive Technology, New Portfolio of 8TB Hard Drives
Apple To Work With Cisco On Enterprise Environment; said To Prepare Own Original Programming
Qualcomm Snapdragon 820 Processor To Geature Mobile Anti-malware Technology
WD My Cloud OS 3 Makes Cloud Storage More Personal
Samsung's Circular Gear S2 Smartwatches Unveiled
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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 Radeon R9 370X Graphics Card Launched In Asia
AMD Radeon R9 Nano Graphics Card Shipping September 10th
AMD Showcases Graphics, Energy Efficient Computing and Die-Stacking Technologies At Hot Chips
GPU shipments Dropped During The Quarter, Both AMD And Nvidia Slipped
This Tool May Unlock The Disabled Cores Of Your GPU
New AMD Godavari A8-7670K Desktop Processors Released
AMD Reports Weak Second Quarter Results
AMD's Partners Bring The Fury To The Market
New Catalyst 15.7 Driver Brings Performance Optimizations
New AMD FirePro S9170 Server GPU Has 32GB Memory
AMD Lowers Second Quarter Outlook, Moves To FinFet
AMD Fury X Reviews Show Impressive Performance That Does Not Put Nvidia's 980 Ti Aside

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .