GlobalFoundries has been given the go ahead to build its $4.2 billion Fab 2 at the Luther Forest Technology Campus in New York. Groundbreaking is slated for July 24th and the fab is expected to be operational in 2012.
The town Planning Board unanimously granted final site plan approval to the design details of the 1.3 million-square-foot building, which GlobalFoundries officials say will be “the world’s most advanced semiconductor manufacturing facility.”
The approval ends months of town review of the plans.
“This is great. We’re closing this preliminary planning chapter just as construction is ready to start,” said Steve Groseclose, head of GlobalFoundries’ regulatory team.
Land clearing began last month at the 223-acre site on the Malta-Stillwater border. A groundbreaking for the building itself is tentatively slated for July 24.