NYS and industry leaders announce major commitment at NY CREATES Albany Headquarters that Advanced Micro Devices (AMD) has committed to building state of the art chip fabrication plant in nearby Malta, at the Luther Forest Technology Campus.  With NYS investment of more than $1.2 billion, AMD agrees to invest $2 billion and create 2,000 jobs at the site.

At the announcement, industry leaders tout New York’s ongoing investment in the people, programs, research, and facilities at what is now NY CREATES as the major driver of the investment.  AMD spun off their manufacturing shortly after this announcement to create GLOBALFOUNDRIES.  The chip fab investment driven by this initiative has resulted in more than $20 billion in direct investment in New York by GLOBALFOUNDRIES.  The company currently employs more than 3200 at their site in Malta and recently celebrated their 10th anniversary of operations.