AMD unveils chip plant plans

November 21, 2003 – It’s official: AMD’s new 300mm fab will be built in Dresden, Germany, next to its existing Fab 30 facility. The $2.4 billion Fab 36, the first new chipmaking facility in Europe in years, is scheduled to begin volume production in 2006.

The deal, which would generate as many as 1400 jobs in the region, reportedly includes up to $1.5 million in government-backed funding, including $500 million in grants and loans from the regional Saxony and German governments, $700 million in bank loans and government-guaranteed credit, and $320 million in equity funding from Saxony and a group of European investors led by M+W Zander.

“The time is right to expand our manufacturing capacity in order to effectively meet future demand,” said AMD president and CEO Hector Ruiz, citing increased customer demand and expanding opportunities for AMD’s 64-bit processors, including a recent deal with Sun Microsystems.


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