Friday, June 23, 2006
Governor George E. Pataki announced that Advanced Micro Devices (AMD) will locate its newest chip fabricating facility at the Luther Forest Technology Campus (LFTC), located adjacent to the Saratoga Technology + Energy Park (STEP), in Malta, New York. This announcement has, and will continue to have, a ripple effect that will benefit the growth of STEP and its companies, as well as those clean-energy and environmental technology companies considering STEP as a location to expand their business, develop R&D capability, or commercialize their technologies and products.
An excerpt from the announcement follows; the full text of the press release is attached. The direct link to the Governor's announcement may be found at http://www.ny.gov/governor/press/06/0623061.html

GOVERNOR PATAKI AND AMD'S CEO RUIZ ANNOUNCE PLANS FOR MULTI-BILLION DOLLAR 300 MM SEMICONDUCTOR MANUFACTURING PLANT

Plan Would Allow for the Largest Private Investment in NYS History Most Advanced Plant in the World, Creating Over 1,200 High-Tech Jobs, Thousands of Construction Jobs and More Than 3,000 Indirect Jobs.

Governor George E. Pataki, Dr. Hector Ruiz, Chairman and CEO of Advanced Micro Devices (NYSE: AMD), Senate Majority Leader Joseph L. Bruno and Assembly Speaker Sheldon Silver today announced plans for one of the largest private sector industrial investments in New York State history -- a multi-billion dollar deal that would enable AMD to build and operate the most advanced semiconductor manufacturing facility in the world at the Luther Forest Technology Park. This unprecedented economic development project is projected to create more than 1,200 new high-tech jobs, thousands of construction jobs, and more than 3,000 indirect jobs.

Under the terms of the agreement, AMD would be able to construct a new, $600 million, 1.2 million square foot facility, equipped with approximately $2.6 billion in state-of-the-art tools designed to produce 300 mm wafers using 32nm process technology. Expenditures at the facility are projected to total more than $2 billion during the first five years of operation, bringing the projected total investment to $5.2 billion. The Luther Forest site in Saratoga County was selected by AMD after an extensive review of a number of sites nationwide and internationally. The agreement enables construction on the 1.2 million square foot plant to begin between July 2007 and July 2009 and be fully operational sometime between January 2012 and January 2014.