Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Thank You Hillery - AMD Plans to BuildFactory in Upstate NY
Wall Street Journal On-Line ^ | June 23, 2006 4:19 p.m. | By DON CLARK

Posted on 06/24/2006 5:33:13 AM PDT by Renkluaf

SAN FRANCISCO -- Advanced Micro Devices Inc. confirmed that it has selected a site in upstate New York as the likely location for a $3.2 billion chip factory, though plans to build the plant are not definite.

AMD, of Sunnyvale, Calif., now makes all its microprocessors in Dresden, Germany, and hasn't built a new U.S. factory since the late 1990s. Under a non-binding deal with New York officials, the company expects to receive about $900 million in cash incentives from the state, out of total subsidies estimated at $1.2 billion, said Preston Snuggs, AMD's vice president of logic operations.

Depending on demand for chips and other factors, construction could start between mid-2007 and mid-2009, with the first output from the plant expected about 2010, Mr. Snuggs said. The plant, near Saratoga Springs, N.Y., is expected to create 1,200 new jobs, AMD said.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: employment; hillery; notbreakingnews; politics
Navigation: use the links below to view more comments.
first previous 1-2021-4041-54 next last
To: Shady

Chip plants are staffed with low or no-skill workers. These people aren't designing anything. They are just keeping the stamping machines oiled.


21 posted on 06/24/2006 6:31:08 AM PDT by LetsRok
[ Post Reply | Private Reply | To 8 | View Replies]

To: carlr
Look how stupid the petty hand-wringing dimwits look now after the big anti-wal-mart fight in Ballston spa..... And there I sit, the 3rd largest privately owned business based in Saratoga county, (now aver 600 employees) and not once did anyone ask what I thought of it. I guess my deep-red independent conservatism precedes me... :-)
22 posted on 06/24/2006 6:31:47 AM PDT by xcamel (Press to Test, Release to Detonate)
[ Post Reply | Private Reply | To 19 | View Replies]

To: carlr
This is the same as keeping taxes low on businesses so that they can afford to expand,create jobs,pay higher wage etc..

Not at all. It is providing an incentive to one and only one company. If the overall tax rates were lower then more companies would want to be in business there and politicians would not have to buy jobs. You would have a more diverse base of companies and not be dependent on a company that had to be bribed to move there.

Here is a question for you. The minute the subsidies run out and the company is scheduled to pay taxes, what do you think will happen? Will they happily start paying them or will they threaten to move to Virginia?

23 posted on 06/24/2006 6:32:17 AM PDT by Raycpa
[ Post Reply | Private Reply | To 16 | View Replies]

To: xcamel

But isn't this to be in Saratoga County?


24 posted on 06/24/2006 6:32:34 AM PDT by synbad600
[ Post Reply | Private Reply | To 15 | View Replies]

To: Renkluaf

Chucky Schumer will beat her to it. (claim credit)


25 posted on 06/24/2006 6:32:35 AM PDT by TruthWillWin
[ Post Reply | Private Reply | To 1 | View Replies]

To: synbad600

Yes, but the ripple effect will expand over at least 9 counties.


26 posted on 06/24/2006 6:34:25 AM PDT by xcamel (Press to Test, Release to Detonate)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Renkluaf

Give me a billion dollars and I'll create 1200 jobs! I'll create 1201 jobs!


27 posted on 06/24/2006 6:36:08 AM PDT by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: silverleaf

"Give me a billion dollars and I'll create 1200 jobs! I'll create 1201 jobs!"

Give NY or Michigan a "Right to Work" state status and either one would create 1,200,000 jobs almost overnight, without spending one dime of Gov. money!

Industry wants to build where there are skilled industrial workers, the Unions ran them off.



28 posted on 06/24/2006 6:44:59 AM PDT by Beagle8U (Liberals get up every morning and eat a big box of STUPID for breakfast)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Renkluaf
Image hosted by Photobucket.com
LOOK... it's TouristSenator!!!
It shows up in more places than TouristGuy did only with less style and substance...
she's Vaporware, just an empty crusty.
(Please spread me around like the parasite that i am...)

29 posted on 06/24/2006 6:48:31 AM PDT by Chode (American Hedonist ©®)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Raycpa
I understand your point,in this case this is the first of perhaps many businesses to locate in Luther Forest.

Granting tax waivers is not anything new to attract business and I would prefer a overall low or no rate so that is not needed but that is not how it is.

It does point out the foolishness of lib think though.
Business is evil so it must be taxed,When taxed beyond profitability business ceases.
Without business,tax revenue falls so than must give tax breaks to attract business.

30 posted on 06/24/2006 6:49:57 AM PDT by carlr
[ Post Reply | Private Reply | To 23 | View Replies]

To: xcamel
Look how stupid the petty hand-wringing dimwits look now after the big anti-wal-mart fight in Ballston spa.....

God,people here had a fit over the "strip mall" look of a Dunkin Donughts and stopped a Pizza Hut for the same reasoning.

Jobs and job competition gone as well as a source of sales tax revenue for the county.

31 posted on 06/24/2006 6:54:08 AM PDT by carlr
[ Post Reply | Private Reply | To 22 | View Replies]

To: xcamel

"the new job pool will be closer to 3500-4000 jobs"
____________________________________________________

[Maybe some of the story below is in the WSJ, but I am not going to register to read the link, so for those like me:]

Closer to ..... one chip fab in Malta could create 6,000 to 10,000 new jobs for the region. These would include not only AMD jobs and construction jobs but also positions created by vendors and service firms that need to be near the semiconductor giant as well as related businesses.

..similar economic development activity has taken place in cities like Austin, Texas, and Dresden, Germany, where AMD already has a presence.

"Take a look at any place in the world that hosts this industry," Lovell said. "When this deal is done, it will happen here. The payoff is literally decades of economic growth that comes from this."

Austin knows about this benefit. The city is home to eight chip fabs, and Samsung Electronics Co. Ltd. is in the process of building a ninth fab in the city with an estimated price tag of $3.5 billion to $4 billion, said Dave Porter, senior vice president of economic development for the Greater Austin Chamber of Commerce.

"It's been essential," Porter said of landing the fabs. "Austin is one of the few semiconductor hubs in the U.S."

New York state competed with Austin for the new Samsung plant, which will use a new manufacturing process that creates computer chips on 300-millimeter -- or 12-inch -- silicon wafers. The industry is moving to the 300mm process from a 200mm process because it is more efficient. The new AMD plant would be a 300mm plant.

Porter said Texas and Austin offered Samsung an incentive package valued at $230 million, but he cautioned not to compare it to New York's incentives because Texas does not have a corporate income tax.
The Perryman Group of Waco, Texas, published a study in May 2005 that said Samsung's new Austin plant, which would employ 700 people, would create a total of 2,834 permanent jobs in Austin and raise the personal income level in the city by $155 million a year. The impact on the entire state would be a total of 3,356 permanent jobs created and $180 million in personal income a year.

The economic ripple effect of a chip fab occurs because the factories are so capital-intensive, said Michael Fancher, director of economic outreach for Albany NanoTech, the University at Albany's $3 billion nanotechnology research and development center, which is working on making computer chips faster and smaller.

Chip fabs use multimillion-dollar tools to make computer chips, and manufacturers need their tool suppliers nearby to fix and service the devices. They also need quick responses from other vendors and service companies, which is why places like Silicon Valley in California and Austin create clusters of industry activity that go beyond just the chip fabs themselves.

"Proximity is so important for them," Fancher said, talking generally about the industry. "They need everyone to be close because time is money."

The addition of AMD to the corporate landscape of the Capital Region also is expected to increase the flow of venture capital. Venture capital -- seed money used to fund early-stage companies -- is considered an essential part of developing a technology industry, which has high costs and high risk.

Bela Musits, managing director of High Peaks Venture Partners in Troy, which has $50 million under management, said there has been a "critical mass" developing in the Capital Region. He cited recent announcements by Xerox Corp. and Royal Philips Electronics NV for acquisitions in the region, which has been best known for its academic research and development activity.

The addition of AMD would add to that corporate prestige and likely attract more venture funding to an area. "I think all of those things are good indicators for having a vibrant business community," Musits said. "Those are all good things."

AMD, based in Sunnyvale, Calif., is considering two possible locations for the plant: One in a technology park about 25 miles north of Albany and the other on an 800-acre site in the central New York town of Marcy the state purchased 25 years ago.

If any state is trying to attract business, NanoTech is the way to go!! Embrace it. Usually I agree with the Who Pays? scenario when it comes to TIF's, but if any state is trying to attract business, “Nanotech is a cutting edge technology - the way to go!! Embrace it and Invest in it! Already $10 billion has been invested in this growing New York's Tech Valley which earlier this year which I believe welcomed Applied Nanoworks. Certainly Hillary was quick also to take credit for this job creation as well. It's what politicians do, so nothing new here! She had promised jobs during her campaign in the sluggish economy in Upstate NY so needed her name out there.


Source from Albany Nanotech
http://www.albanynanotech.org/news/index.cfm?step=show_detail&NewsID=483



32 posted on 06/24/2006 7:08:30 AM PDT by fight_truth_decay
[ Post Reply | Private Reply | To 9 | View Replies]

To: Renkluaf
it has selected a site in upstate New York as the likely location for a $3.2 billion chip factory, though plans to build the plant are not definite.

construction could start between mid-2007 and mid-2009,

Translation from Clintonese: Right now, AMD sort of is thinking of maybe building a plant upstate, so re-elect me Senator in 2006.

Then, when the Presidential primaries start, AMD'll put out another press release with more indefinate start up dates so that I, Queen Hillary look presidential. Of course, the plant will be built in Malasia or Qiuanjou or somewhere else, but by then.....

33 posted on 06/24/2006 7:10:40 AM PDT by par4 (If you don't stand for something, you'll fall for anything)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Raycpa

They will probably end up being jobs Americans don't want to do, anyway. More $ saved./sarc


34 posted on 06/24/2006 7:18:38 AM PDT by presently no screen name
[ Post Reply | Private Reply | To 13 | View Replies]

To: Hurricane Andrew

AMD CEO Hector de Jesus Ruiz, the one-worlder who claims the USA is losing its competitive advantage and decries the ecucation system in the US (an excuse he uses to hire cheap foreign technicians for plants in German and the USA), was under pressure to quit bellyaching about the USA and do something for the USA. Being a smart guy and using the Silican Valley schtick, he courts one half the political picture and tells Hillary he will build in Upstate New York. Now, given the taxation policies that exist in New York, why would anyone build a plant there, even if the subsidies were enormous? I wonder if AMD shareholders gived a damn?


35 posted on 06/24/2006 7:21:02 AM PDT by gaspar
[ Post Reply | Private Reply | To 6 | View Replies]

To: Raycpa
You are talking apples and lemons here..you need to research the big picture and not let politics "be your guide"..when a person is looking for employment, politics is the last thing from his or her mind.

This is not working the warehouse at a Home Depot Center or stocking shelves at Wal-Mart. Nanotechnology is and has been heavily invested in, for instance at Purdue Univ. Big money has being invested from the very first "up starts", which I believe was in NY and in Maine. As Mainers will be quick to tell ya, Maine is asleep when it comes to attracting science and technology business such as this to their state, thanks Olympia and Susan! See the big picture, do some research on why the states are fighting to get this technology to be at a "hub" in their state.

Then steer the kids into engineering and science coupled with informational technology and the jobs will remain here.
36 posted on 06/24/2006 7:24:05 AM PDT by fight_truth_decay
[ Post Reply | Private Reply | To 7 | View Replies]

To: Renkluaf

I'm thinking this might be a good time to invest in Intel.


37 posted on 06/24/2006 7:25:05 AM PDT by Brilliant
[ Post Reply | Private Reply | To 1 | View Replies]

To: par4
AMD sort of is thinking of maybe building a plant upstate
___________________________________________________________

Do your homework on what has been done in NY, Texas etc. so you come off brighter than you appear here..this thread is only here to do one thing and it is to Bash Hillary. Hillary doesn't mean a hill of beans, so why give her the focal point of this story.

Do your homework on Nanotechnolgy. This attitude is exactly why nothing gets done in Washington, as both sides are so intent on worrying if someone gets the credit for this and that, that they lose focus of the real issue. The issue being our politicians, Republicans and Democrats should be there representing the best interest of the American taxpayer and not their own self interests. I sound like a dog with a bone, but I think some "thread peripheral vision" is needed here.
38 posted on 06/24/2006 7:36:12 AM PDT by fight_truth_decay
[ Post Reply | Private Reply | To 33 | View Replies]

To: Shady
They wouldn't even have to build. They could renovate, move and remove.
39 posted on 06/24/2006 7:41:24 AM PDT by b4its2late (John Kerry changes positions more often than a Nevada prostitute!!)
[ Post Reply | Private Reply | To 8 | View Replies]

To: fight_truth_decay
this thread is only here to do one thing and it is to Bash Hillary

As if that's a bad thing?

Photobucket - Video and Image Hosting

40 posted on 06/24/2006 7:43:24 AM PDT by b4its2late (John Kerry changes positions more often than a Nevada prostitute!!)
[ Post Reply | Private Reply | To 38 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-54 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson