Will AMD build a new fab in New York?
Times Union reports that New
York state officials are attempting to persuade AMD to build a new
fab in the Luther Forest Technology Park in Malta and Stillwater, NY.
The officials are said to be preparing a "$1 billion package of
incentives" that would lure AMD into building a $3.5 billion, 650-acre
fab in the park. Such incentives would include road, water, and sewer
improvements, in addition to "some modifications to the state Empire
Zone program." According to NY-based economic development agency Empire
State Development, Empire
Zones are areas that provide "significant tax credits and benefits"
to certified businesses. Both AMD and government officials remained mute when quizzed about the possibility of a new AMD fab in the area.
Setting aside the secrecy, this report may indicate that AMD plans to
build yet another fab in the near future. The company announced a $2.5 billion upgrade plan for
its existing fabs in Dresden, Germany last month, and a partnership with
Chartered Semiconductor is expected to result in added production capacity for AMD this summer. Nonetheless, AMD's growth ambitions may
require further production increases in the future. Times Union says a
new fab in New York would take two to three years to build, which would
result in AMD's capacity being bumped up by the end of this decade.
Thanks to The
Inquirer for the tip.