SUNNYVALE, USA: AMD expressed support for the formal commitment by GLOBALFOUNDRIES to the State of New York for the construction of the Fab 2 project at the Luther Forest Technology Campus (LFTC).

Once completed, the project is expected to create more than 6,400 direct and indirect jobs in the region. The project represents the largest public-private sector industrial investment in New York State history and upon completion will be the most advanced semiconductor manufacturing facility in the world.

"AMD decided in 2006 to bring a state-of-the-art semiconductor manufacturing facility to upstate New York because we knew that the region is an ideal location to produce the most advanced semiconductor products," said Dirk Meyer, president and CEO, AMD.

"Today's formal commitment by our joint venture GLOBALFOUNDRIES fulfills AMD's vision. We look forward to the creation of thousands of new jobs in the United States as a result of the culmination of a vision that we have shared with the people of New York," he added.

GLOBALFOUNDRIES is a semiconductor manufacturing company by a joint venture between AMD and the Advanced Technology Investment Company (ATIC) on March 2, 2009.