Construction is expected to provide 1,600 temporary jobs.
The annual payroll for a fully-operational facility is estimated at $88 million.
Tisdale said he anticipates the creation of another 5,000 "indirect jobs" in the area. Foundry will also be looking to local vendors whenever possible.
"We have a bias towards working with local vendors, absolutely," said Tisdale.
Tisdale was also asked about questions raised by Intel, AMD's primary competitor, regarding a cross-licensing agreement between the two companies that dates back to 1976. Intel says that deal with ATIC may violate that agreement's promise not to share certain intellectual properties with third parties. Tisdale said the agreement was a "non-issue," and that AMD's lawyers had reviewed the issues before the deal was brokered.
"We respect their intellectual property rights, and we expect them to respect ours," he said in regard to Intel.
The state will be offering Foundry $1.2 billion in grants and tax incentives for building in Saratoga County. The arrival of the fab is contingent upon the award of those funds, and also on the approval on the U.S Treasury Department's Committee of Foreign Investments, which must approve of the of Foundry's project because of the presence of foreign money.
A groundbreaking in mid-2009 is hoped for.""