Expenditures at the facility are projected to total more than $2 billion during the first five years of operation, bringing the projected total investment to $5.2 billion.
At the announcement, Pataki praised the cooperation of all levels of government involved, and made sure to recognize those individuals who were in-strumental in bringing the AMD deal to fruition.
"Luther Forest wouldn't have happened but for the com-mitment of Joe Bruno," said Pataki, offering praise for state Senate Majority Leader Joe Bruno, R-Brunswick.
Bruno, at the announcement, spoke of a dream he and others, including state Assembly Speaker Sheldon Silver, D-New York, had of building a technology infrastructure in the Hudson Valley region that could compete on a level playing field anywhere in the world.
"Well, that dream, for all of us has come true today," Bruno said.
Speakers focused on the large role the deal will play in the further development of the tech industry within the state.
"Today, this region takes another step forward," said Silver. "New York state is well on its way to becoming the technology capitol of the world."
Whatever the future of the tech industry in the state may be, Ruiz seemed assured that his AMD plant would thrive in Saratoga County.
"I have no doubt the people in this region are going to make this factory a great success," said Ruiz. "Everybody is going to benefit from this project."
Ground is expected to be broken on the project sometime between July 2007 and July 2009, and is expected to be fully operational sometime between January 2012 and January 2014.
AMD's selection of the Luther Forest location represents the first time a 300 mm plant would be built at a new campus. In previous instances, similarly sized plants have been expansions or built at existing semiconductor company campuses.