AMD's fabrication spin-off, GlobalFoundries, is betting heavily on the future of semiconductor production being outsourced by 'fabless' chip makers. So much so, in fact, that it's planning to spend $5.7 billion on upgrading its facilities this year alone.
The planned expenditure, which is double what the company spent in 2010, was reported to Bloomberg by GlobalFoundries' chief financial officer Robert Krakauer during an interview.
Krakauer claimed that the figure is 'based on customer programs and requests, [and not] speculative.' According to Krakauer, the money will be used to upgrade the company's fabrication facility in Dresden, build an additional facility in New York to begin production in 2012, and lay the groundwork for a new fab in Abu Dhabi.
via Bit-Tech
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