New York government officials have proposed a $1 billion package of incentives to lure Advanced Micro Devices Inc. in the state, according to the Times Union in Albany.

The incentives are part of a plan to enable AMD to build a 300-mm fab in the Luther Forest Technology Park in upstate New York, according to the report. The $3.5 billion fab could employ as many as 1,000 people, according to the report.

New York has an uphill battle to lure AMD. So far, AMD has build its advanced fabs in Germany. The company said Monday (May 29) it will invest $2.5 billion in Germany, adding a new 300-mm fab to replace an existing 200-mm facility that will be closed. AMD said the expansion will quadruple its processor production here within the next 30 months.

By: DocMemory
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