Globalfoundries to Spend Billions of Dollars on Factory in New York
Globalfoundries to Spend Billions of Dollars on Factory in New York
Posted 01/13/2012 at 6:41am
| by Paul Lilly
8
Comments
Print
One thing you can't say about Globalfoundries is that it's afraid to spend money. After being spun-off from Advanced Micro Devices (AMD) in 2009, the contract chip maker went on to spend $8 billion through 2011 and now plans to spend an additional $3 billion on fabs and related equipment, with most of the funds going towards finishing a plant in New York and filling it with equipment.
Globalfoundries CEO Ajit Manocha revealed the figures and future plans during an interview with Bloomberg at the Consumer Electronics Show in Las Vegas. He also addressed concerns with production after coming up short at its plants in Dresden, Germany.
"We have not missed any of our commitments from Singapore. Globalfoundries is not just Dresden," Manocha said.
That might be true, but it doesn't provide a whole lot of comfort to AMD, which missed its sales target last quarter after Globalfoundries came up short. However, things are improving under Manocha, who replaced former AMD executive Doug Grose as CEO and promptly replaced nearly two dozen of the company's top 50 executives.
"The transformation wasn't going too fast enough until I took over as CEO," Manocha said. "We've shown a great improvement."
Going back to its New York plant, Globalfoundries earlier this week announced an agreement to jointly manufacture advanced chips based on IBM's 32nm, Silicon-on-Insulator (SOI) technology. The new chips will feature IBM's embedded "eDRAM" technology designed to improve on-processor memory performance in about one-third the space with one-fifth the standby power of conventional SRAM (static random access memory).
Image Credit: Globalfoundries
More like this
8
Comments
Comments are closed on this article
JohnP
January 13, 2012 at 3:45pm
As soon as I heard New Youk, I thought of IBM in Poughkeepsie, NY, home of IBM's research labs. I have been there a bunch of times for work done for HP/Agilent test and measurement- great place to be as it has a tremendously smart bunch of people working there. Its the new Bell Labs of the age.
Hey.That_Dude
January 13, 2012 at 9:32am
Yeah. How about instead of pushing out another factory you work on you 22nm process? KTHXBYE.
nbrowser
January 13, 2012 at 7:52am
As interesting as this story is, why can't Mr. Lilly proofread his articles here. each and every on here is loaded with spelling errors. Not good for such a professional publication.
JohnP
January 13, 2012 at 3:41pm
Perhaps he is using the same tools as we are when we reply that HAS NO SPEELLL CHECKING. The only way to spell check is to see what get underlined while waiting for the preview to show up.I hate this crappy interface. And what good is this Subject box on top anymore?
allenm00
January 13, 2012 at 9:09am
Are you the pot or the kettle?
each and every on here........
Each should be capitalized at the beginning of a sentence.
on should be "one"
Need I say more Mr. Grammer expert?
Supall
January 13, 2012 at 7:10am
Hopefully they can get back on their feet. Although, their new plant in New York doesn't appear it will help out AMD in the short term.
JohnP
January 13, 2012 at 3:48pm
It was spun off, I don't think it has anything to do with AMD anymore. It may make some of their chips but Paul had an article where AMD was using some other foundry for producting some of AMD newer chips.
JCGPZ9
January 13, 2012 at 7:47am
It's good for increasing employment in the state and would encourage more people to go to school for science or tech based degrees.
I'm surprised to hear about this since there is considerable growth in the rabid environmentalist movement (they're opposed to factories being opened up in the state and are trying to shut down our only nuclear plant).
Connect with MaximumPC
Featured Content
The gang discusses the GTX 690, Trinity, Ivy Bridge, Amazon, big-box stores, MMOs,...
This month's issue
Feature
Build a PC On Any Budget
Feature
Cloud Services Showdown
How-To
Encrypt Your External Drive
Build It
Upgrade an X58 Rig
Most Commented Articles
Latest Max PC Tweets
- maximumpc: Original RickRoll Video Returns to YouTube After 24-Hour Copyright Hiatus http://t.co/MaH9Sxyy1 day 12 hours ago
- maximumpc: Corsair has decided not to go forward with its $78 million IPO, citing weak equity market conditions http://t.co/A5a4DAzj1 day 12 hours ago
- maximumpc: Want to work at Maximum PC? Our Online Managing Editor, Alex, is moving away, so we need a new one. http://t.co/9Z7JCh0E3 days 9 hours ago
