GlobalFoundries begins plant construction

14 May 2009

The $4.2bn GlobalFoundries joint venture between Advanced Micro Devices Inc (AMD) and Advanced Technology Investment Co, a unit of Mubadala Development Co, has begun construction works on its new manufacturing facility coming up in Saratoga County, New York, which is expected to be operational by 2011. The new plant will provide wafers to companies worldwide. Mubadala has also invested $600m in an 8.1% stake in AMD.

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