Wednesday, January 7, 2009

AMD plant clears another hurdle

The computer chip plant proposed for Saratoga County cleared a major hurdle today.

The Committee on Foreign Investment in the United States approved of the creation of 'The Foundry Company.'

The 'Foundry Company' is a newly created joint venture between Advanced Micro Devices Inc. and 'Advanced Technology Investment Company' based in Abu Dhabi, the Capital of the United Arab Emirates.

The Foundry Company will build and operate the plant which has been proposed for the Luther Forest Tech campus.

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