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Another state OK for AMD incentives



By LARRY RULISON, Business writer
Last updated: 3:25 p.m., Wednesday, December 17, 2008




The state's Public Authorities Control Board today approved the transfer of $650 million in cash promised to Advanced Micro Devices Inc. for a $4.6 billion computer chip factory in Saratoga County.


Now, the money will go to a joint venture between AMD and the Emirate of Abu Dhabi.

The PACB, a state oversight board that must approve such incentive packages, approved the spending two years ago. But AMD, which has been suffering losses, decided to spin off its manufacturing and get a major investment from the oil-rich Persian Gulf city-state in order to strengthen its balance sheet and the project's prospects.

The $650 million is coming from Empire State Development Corp., the state's economic development unit. The majority of the money -- $500 million -- will pay for construction of the fab building at the Luther Forest Technology Campus in Malta, while $150 million will be used for research and development of chip technology.
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ISS
(17 items)
 
Voyager-1
(8 items)
 
Apollo
(15 items)
 
CPUMotherboardGraphicsRAM
Core i5 2500K Quad Core Asus P8P67 Rev 3.1 Radeon HD 7950 12GB Kingston HyperX 1600MHz 
Hard DriveHard DriveHard DriveOptical Drive
Crucial MX300 500GB 500GB Seagate 7200.12 1TB WD Blue LG SuperMulti Combo Drive 
CoolingOSMonitorKeyboard
Thermalright Venomous X-RT Windows 10 Pro x64 Samsung SyncMaster S24B300 23.6" 1080P CoolerMaster QuickFire XT Mechanical 
PowerCaseMouseMouse Pad
PCP&C 750W Silencer Zalman Z9 Razer Deathadder SteelSeries 
CPUMotherboardGraphicsRAM
A10-6800K Gigabyte F2A85XN-WiFi ITX AMD HD Radeon 8670D 8GB AMD Performance Series 
Hard DriveOSPowerCase
1TB WD Blue Windows 8 Pro x64 Seasonic 380 Watt CoolerMaster Elite 120 Advanced 
CPUMotherboardGraphicsRAM
A6-3400m Llano APU 1.4GHz-3.4Ghz HP A60M UMA Socket FS1 6520G 6GB 1333MHz 9-9-9-24 
Hard DriveCoolingOSCase
64GB OCZ Vertex 4 Stock ARCH HP g6 
Audio
IDT 
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