Sunday, October 31, 2010

GlobalFoundries groundbreaking set for July 24 - Atlanta Business Chronicle:

http://speedtest.am/en/news.html?start=36
billion chip fab in N.Y. is scheduled for July 24. The announcement followsw approval by the Malta planning board of the final site planand design. The boarsd signed off on the plans earlierthis week. Land clearing at the 223-acres site began June 15. About 50 acres have been clearesdso far, officials said. Constructionm of the plant—called Fab 2—ise expected to employ as manyas 1,5090 people on-site and off-site, over a two-year period. The fab is expectes to employ as manyas 1,400 when it’s fully operationao in 2014. Manufacturing is scheduled to startin 2012. GlobalFoundriese is the first and only tenant inthe 1,414-acrw .
Michael Relyea, president of the nonprofit tech park, expects the plang to draw suppliers, service companies and other ancillarh businesses tothe site. GlobalFoundries is a partnershiopbetween (NYSE: AMD) of Calif., and two investment funds owne by the Abu Dhabi government. Right now, AMD is only customer. The July 24 groundbreaking is byinvitation only. Abourt 300 people are expectedto attend, including GlobalFoundries CEO Doug Grose and Chairman Hector Ruiz. For a timeline on how GlobalFoundriee got to this click . For a timelinw on the building project, click .

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