MALTA, NY-Abu Dhabi's Advanced Technology Investment Co. is committing up to $10 billion over the next two years to GlobalFoundries' semiconductor factory here, its chief executive told Reuters this past Friday. A Global Foundries spokesman told the Albany, NY Times-Union that the spending would go toward “existing facilities” at Fab 8, the Saratoga County, NY complex that began operating in 2012.
"We have received commitments from Mubadala for an additional $9 billion to $10 billion for expansion of our facility in New York," ATIC chief executive Ibrahim Ajami told Reuters. ATIC is controlled by Abu Dhabi state investment fund Mubadala.
Fab 8 can produce about 60,000 300-mm wafers, used to make integrated circuits, per month. ATIC wants to expand the factory to produce advanced chips with features measuring as small as 14 nanometers, or one billionth of a meter, which will be growth areas in the next three to four years, Ajami told Reuters.
Although the company has submitted plans to the Town of Malta for an expansion of its facilities, Global Foundries' spoksman told the Times-Union that “We have made no decisions on Fab 8.2." The new factory would cost approximately $15 billion to build, and Global Foundries indicated that it would like to break ground as soon as this year.
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