SAN FRANCISCO, March 4 (Xinhua) -- Advanced Micro Devices (AMD), the
world's second largest computer chip maker, on Wednesday officially launched a
joint venture with its partner from the United Arab Emirates (UAE) and outlined
plans to build a new manufacturing plant in the United States.
The new company, named Globalfoundries, was formed by AMD and the Advanced
Technology Investment Co., which is based in Abu Dhabi, UAE.
"The launch of Globalfoundries represents a historic day for our industry,
one which will permanently change the market landscape by launching the world's
first truly global foundry services provider," Doug Grose, the new company's
chief executive officer, said in a statement.
Globalfoundries said it now has about 3,000 employees worldwide with
headquarters in Silicon Valley.
It is planning to invest 6 billion U.S. dollars worldwide to expand
manufacturing and technology capabilities, including a new U.S. semiconductor
Called "Fab 2," the 4.2-billion-dollar manufacturing facility will be
located in Saratoga County in the state of New York and use the next-generation
32-nanometer manufacturing technology.
Construction of the new U.S. facility will begin this year and "is expected
to create approximately 1,400 new direct jobs and more than 5,000 indirect jobs
in the region," Globalfoundries said.