The funds, awarded to AMD in 2006, are earmarked for the construction of a 300-millimeter wafer fabrication plant in Saratoga County, New York. Construction on the plant must begin before July 2009, according to terms of the original grant.Source: IT World
In October, AMD signed a US$2.1 billion deal to spin off its manufacturing operations as The Foundry Co., backed by the Advanced Technology Investment Co. of Abu Dhabi and Mubadala Investment, an investment arm of the Abu Dhabi government.
The Foundry Co gets $650 million incentives from New York
Posted on Thursday, December 18 2008 @ 19:30 CET by Thomas De Maesschalck