In an effort to answer some questions that have accompanied the announcement that AMD will be building a $4.5 billion manufacturing facility in Malta, the Saratoga County Chamber of Commerce hosted representatives of the chipmaker and Luther Forest Technology Campus, where the factory will be located, on Friday, Oct. 10, at the Saratoga Springs Holiday Inn.
The newly formed Foundry Company will actually be taking over the construction and operation of the chip fab. The company is a joint enterprise between AMD and the Abu Dhabi Advanced Technology Investment Company, which will supply $2.1 billion, with the possibility of more investments down the road.
Despite the fact ATIC is investing the most money into Foundry (and will have a majority stake at 55.6 percent), AMD's Manager of Global Community Affairs, Ward Tisdale, told a packed room on Friday that the board of directors will be evenly split between the two companies. In addition, AMD Senior Vice President Doug Grose will be Foundry's CEO, and AMD Chairman Hector Ruiz will make a move to chair Foundry.
Other faces that Capital District residents have become familiar with, such as spokesman Travis Bullard and Steve Groseclose, director of global environmental, health and safety, will make the move to Foundry.
Tisdale dismissed concerns that a foreign presence could cast a shadow on the enterprise, similar to the Dubai Ports World controversy of 2006, in which public sentiment turned against a plan to put a Dubai-based company in charge of port security.
They are very smart; they are very shrewd and they know a good deal when they see it, said Tisdale of the Arab investors.
But the jobs on everyone's mind are the 1,465 positions AMD said will be created when the fab is fully operation in 2012. According to Tisdale, most of those jobs will eventually be filled by local talent.