AMD Confirms a New Fab in New York State

AMD is expected to be spending upwards of $3.5 billion by the time the plant is finished. The plant is going to be home to more than 1000 employees and AMD says it should be completed sometime in 2010. In previous reports circulating online, it was indicated that New York state had been busy putting together an incentive package for AMD worth somewhere around the $1 billion mark. For New York state, having AMD build a new facility will introduce a big boost for the economy — new jobs are created and the state gets more taxes.

Things are looking even better for AMD. With a fab in NY, it may mean quicker releases, but possibly lower prices on these shores?