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 plant.

    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.