Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 29 January 2013 11:31

Globalfoundries lays groundwork for new Malta plant

Written by Nermin Hajdarbegovic



$10 billion investment possible


Globalfoundries is planning to expand its New York operation with a second plant, at a cost of about $10 billion. The company plans to file a formal application to expand its facility in Saratoga County this week.

However, it is still unclear if and when Globalfoundries will build the new fab. CEO Ajit Manocha hinted at the possibility of a new $10 billion plant in Malta, but he did not talk about the timeframe for the new fab. According to the Business Review, the company has not committed to building the fab just yet, but it is filing the application to lay the regulatory groundwork for the new plant, should the decision be made to actually build it.

Globalfoundries already employs 2,000 people at its Malta plant. Dubbed Fab 8, the existing facility features a 300,000-square-foot clean room and the company invested $6.9 billion in the site already, including a $2 billion sweetener in the form of state subsidies. Glofo will start construction of a new $2 billion R&D center in the spring and it will employ 1,000.

If Globalfoundries chooses to go ahead with the project, it could take three years to complete. Given the volatile economic climate and questions about long-term demand in the semiconductor market, it is not a simple decision to make.

“A lot of complex factors go into determining whether we need to build a second production facility,” Globalfoundries spokesman Travis Bullard told Business Review.

Bullard said the details about the second fab will be contained in an application submitted to the local administration later this week.

More here.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments