Wednesday, December 27, 2006
AMD signed a Grant Disbursement Agreement with the state of New York on Friday to build a new 300mm wafer fabrication facility in Saratoga County, N.Y.
Execution of the agreement comes after New York’s Public Authorities Control Board (PACB) voted last week to approve a $650-million-grant to the company, AMD said.
If conditions become right for AMD to move forward, construction would begin sometime between July 2007 and July 2009, with construction of the building expected to take about a year with another year needed for the installation of equipment and tools.
The project has the potential to directly create approximately 1,200 new jobs, along with thousands of indirect jobs through supporting construction and infrastructure projects, AMD reminded.
By: DocMemory
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