DailyTech reports AMD is going to invest $5.8 billion to expand its fabs in Dresden, Germany.
Despite the initial investment, competition often sparks innovation, and innovation doesn't stand still. According to German reports, AMD is in the process of rounding up another $5.8B USD which is to be spent gradually up to 2008. The company is using the money to further invest into its Dresden location. If this plan goes through successfully, AMD would have made one of its largest ever expansions in its history -- or for that matter, any semiconductor company.
The money is initially slated for Fab 36 and Fab 30 in Dresden, but the German report indicates much of the earmarked money will also go towards a third AMD foundry in the Dresden area, with work beginning this summer. Some of the funds will also be used for employee salaries at the new and upgraded facilities.
Initially the money will be slated for Fab 30 and 36 but a large share may also go towards a third AMD foundry in the Dresden area, with work beginning this summer.