GlobalFoundries spinners have applauded the massive EU fine levied against rival Intel yesterday. The AMD spin-off says the $1.45 billion fine will give its fab plans a boost.

“Today is an important day for our industry and technology consumers worldwide," GlobalFoundries said in a statement. "The EU ruling not only supports a competitive marketplace but also helps make the construction of our new facility in New York and the creation of new advanced manufacturing jobs in the region a reality.”

GlobalFoundries is building a new production facility in New York, and expects the plant will be operational in 2012.

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