GlobalFoundries: We are building on Dresden
August 03, 2009 //
I am an American, and I am now living here in Dresden. This is my second assignment here, following a two year stint nearly 10 years ago. I have worked for the past nearly 20 years for Advanced Micro Devices. AMD is one of only two companies left in the world that design and build microprocessors.
What are we (and I) doing here? The answer is simple. While microprocessors are the most complicated things ever built by man, the plants that build them are the most expensive to build and the most complicated to run of any plants anywhere. A chip factory today can easily cost $4 billion or more, and require over 1,000 highly trained engineers and several hundred technicians to operate. These are the reasons AMD (and I) have been here in Dresden for over 10 years.
AMD and the government here in Germany have consistently found a way to help AMD access the capital to build its factories here. Through several generations of chips and factories, combinations of loans from the government entities, loan guarantees that have helped AMD line up bank financing, and grants for R&D and job creation and training. AMD has been able to access the capital to build two technologically leading chip plants here in Dresden. This type of help was not then available in the United States and without this help, the world would have only one company left that designs and builds microprocessors.All news
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