30 Aug '13, 4pm
GlobalFoundries Wins Approval for Next NY Fab | EE Times via @eetimes
GlobalFoundries has won approval for plans to build a second wafer fab at the Luther Forest Technology Campus in Saratoga County, New York, according to a local report. No timetable has been disclosed for what GlobalFoundries is calling Fab 8.2. How rapid that timetable could now be may depend on whether the foundry can sign up Apple and other major fabless chip companies as high-volume customers. The plan to build the chip facility was first mentioned by GlobalFoundries CEO Ajit Manoocha in January 2013 (see Reports: Globalfoundries hints at $10-bn fab location ), but according to a recent Business Review report , the cost has escalated from $10 billion in January to "up to $14.7 billion." An application from GlobalFoundries to build a fab received unanimous approval from Malta's town board last week despite concerns over the traffic congestion construction would cause an...