WNYT.com

GlobalFoundries announces new R&D center

Posted at: 01/10/2013 12:03 PM
Updated at: 01/10/2013 5:24 PM
By: Mark Mullholland

Computer chip maker GlobalFoundries announced this week they are building a new research and development center and adding 1,000 new jobs.

Thursday the company's CEO thanked the state for making the expansion possible.

GlobalFoundries will invest $2 billion in what they're calling a Technology Development Center, hinting that this is just the beginning of their expansion plans.

The event was held at the Center for Nanoscale Science and Engineering in Albany. GlobalFoundries has 65 scientists there, who are working on tomorrow's technology. But beginning soon, the company's R & D will take place in Malta’s Luther Forest, near the so-called Fab 8 where they'll make silicon wafers.

GlobalFoundries' CEO took the podium today with Lt. Governor Robert Duffy, to celebrate the $2 billion private investment in what they refer to as a TDC, telling the standing room only crowd that this expansion is a sign of bigger things to come. Including, possibly another fab plant.

GlobalFoundries will begin construction on the technology development center in the spring and plans to have it finished in 2014.