Chamber welcomes AMD semiconductor announcement

MALTA In a recent statement, the Plattsburgh-North Country Chamber of Commerce welcomed news Advanced Micro Devices Inc. is moving forward with the construction of a massive $3.2 billion computer chip fabrication plant in the Luther Forest Technology Campus in Malta, near Saratoga Springs. This has been a much anticipated opportunity for our entire Tech Valley and Quebec-New York Corridor region since 2006 when AMD announced the selection of Malta as a preferred site, stated chamber president Garry F. Douglas. In addition to the direct creation of 1,400 high tech jobs, it will firmly establish New Yorks Tech Valley as one of the worlds top new centers for computer related technology, with ripple effects up and down our corridor. AMD announced Oct. 7 that it was proceeding with the plant as part of a new partnership with the Advanced Technology Company of Abu Dhabi, which is investing $2.1 billion for a stake in the operation. AMD will separate its manufacturing from its chip design functions, creating a new firm called The Foundry Company. AMD officials called the announcement the most significant in the companys history and possibly the history of the semiconductor industry. The Plattsburgh-North Country Chamber of Commerce is part of the Steering Committee of the Tech Valley Coalition, which has endeavored to brand and market the region from the Canadian border to the Hudson Valley as New Yorks Tech Valley, and has also facilitated collaborations in the field of nanotechnology between Albany Nanotech and NanoQuebec, looking to position the North Country as an active bridge between technology developments to the south like AMD and tech interests in Montreal. We are currently developing a working partnership with the Center for Economic Growth in Albany, reported Douglas, specifically to help connect the North Country in meaningful ways with all that is happening in Albany and Saratoga. This announcement only gives greater importance to this effort, and to the upcoming Quebec-New York Summit which will further position our area as a vital connection. It is also another reason for optimism about our regions economic future, in spite of all the current news from the financial markets.

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