Globalfoundries has announced plans to invest nearly US$2 billion to build a technology development center at its Fab 8 campus in Saratoga County, New York.

The facility will increase the total capital investment for the Fab 8 to more than US$8 billion, the IC foundry said.

The development center will feature more than a half million square feet of flexible space to support a range of technology development and manufacturing activities, including cleanroom and laboratory space. Construction of the facility is planned to begin in early 2013 with completion targeted for late 2014, according to Globalfoundries.

Globalfoundries revealed that since breaking ground on Fab 8 in 2009, approximately 2,000 new direct jobs have been created. The number is expected to grow by another 1,000 employees for a total of about 3,000 new jobs by the end of 2014, the foundry noted.

"As the industry shifts from the PC era to a market focused on mobile devices, we have seen increasingly strong interest from customers in migrating to advanced nodes on an accelerated schedule," said Globalfoundries CEO Ajit Manocha, in a statement. "To help facilitate this migration, we are making significant investments in strengthening our technology leadership, including growing our workforce and adding new capabilities to make Fab 8 the hub of our global technology operations."

By: DocMemory
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