Will help make its plans a reality
GlobalFoundries spinners have applauded the massive EU fine levied
against rival Intel yesterday. The AMD spin-off says the $1.45 billion
fine will give its fab plans a boost.
“Today is an important day for our industry and technology consumers
worldwide," GlobalFoundries said in a statement. "The EU ruling not
only supports a competitive marketplace but also helps make the
construction of our new facility in New York and the creation of new
advanced manufacturing jobs in the region a reality.”
GlobalFoundries is building a new production facility in New York, and expects the plant will be operational in 2012.
More here.
