AMD welcomes EU approval of investment aid for Fab 36
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Posted on Sunday, February 08 2004 @ 12:15:33 CET by Thomas De Maesschalck |
AMD today welcomed the European Union (EU) Commission’s approval of investment aid for its next-generation microprocessor wafer facility, AMD Fab 36, in Dresden, Germany. The Federal Republic of Germany and the Free State of Saxony are providing investment allowances and investment grants of up to approximately €545 million — the highest benefit possible under the grants and subsidy program.
“We greatly appreciate the EU Commission’s decision in favor of AMD. With this approval, our new project has passed a key financial milestone as we begin the process of building, equipping and ramping the new fab. With the support of the EU and Saxony, AMD Fab 36 will build upon our outstanding track record in Dresden with AMD Fab 30 and further extend AMD’s leadership in manufacturing and technology,” said Bob Rivet, chief financial officer.
AMD broke ground on its 300 millimeter (mm) manufacturing facility (or “fab”) on November 20, 2003. The new facility, named AMD Fab 36, is part of AMD Fab 36 LLC & Co. KG and is being built in Dresden, Germany, adjacent to AMD Fab 30. AMD Fab 36 is expected to be in volume production in 2006.
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