GlobalFoundries building R&D center in Malta

global foundries malta fab 8The Cuomo administration and GlobalFoundries officially announced today that GloFo will be building a $2 billion R&D center at Luther Forest. The target date for completion is late 2014. The new center is expected to prompt another 1,000 jobs at the site.

The Cuomo admin noted that "no new incentives were provided from the State" for this new project.

From a statement by GlobalFoundries CEO Ajit Manocha:

... [W]e are making significant investments in strengthening our technology leadership, including growing our workforce and adding new capabilities to make Fab 8 [that's Malta] the hub of our global technology operations. New York State's continued support of the semiconductor industry has created a strong collaborative ecosystem and helped pave the way for this additional investment. ...

The long-held hope has been that the Malta fab and the multiple investments at Albany NanoTech would push this area to become a cluster of tech-related projects, with its gravity pulling other stuff to it. Maybe that's starting to happen now. (And if that mysterious Project Azalea takes root here...)

Another small bit that points toward the tech actually being in Tech Valley: The TU's Larry Rulison noticed that Samsung has recently started trying to recruit "semiconductor talent" from the Albany area -- to go work in Austin.

photo: GlobalFoundries

Comments

The people here are not trained to work at Global.
They have taken our tax paid dollars,and ruin our air, water, and there is still a high pitched noise bothering the formerly quiet neighborhoods!
When another country, or state makes them a better offer they will leave NY state just like they did Texas!

While this is an excellent development for the region, I still can't help but lament that it was poor long term planning to position this in rural Saratoga County and away from the density of the region's cities. Many of my friends from Saratoga are already beginning to shake heads over how out-of-scale this development is to the rural nature of their community and have begun to see the effects of sprawl rear its ugly head. There was plenty of space in our cities to encourage smart, dense growth, which is a real lost opportunity for the region. This article also highlights what I thought was a illogical move to separate the semi-conductor cluster from the nano-cluster in Albany, due to the symbiotic relationship between the two. Granted, they are only 30-40 minutes apart, but due to the scale of technology being used, the sensitivity over its development in tightly collaborated labs, and the benefit that result by having diverse scientific communities rub shoulders with each other to stumble upon new scientific insights, I think it was a poor idea to keep them so far removed.

An international chip fab makes multi billion dollar investments in our little area and people find negatives in it. Do you have any idea how badly others would kill for this? Typical Albany mentality.

"Maybe that's starting to happen now."

If it is true that this is an additional 2 billion investment that will bring another 1000 high paying jobs to the region and NY didn't chip in anything to make this happen, I think we can safely say it is starting to happen now.

If you read the Oregon papers, they don't seem too optimistic about their ability to compete with NY for Azalea.

I, too, have concerns about the long-term viability of these projects and dread the day when another city or region offers better incentives and the whole show leaves the area.

However, the more I think about, the more I realize that it is our expectations that are faulty. Do we really expect any industry to setup in a particular area and then stay there forever? There's going to be fluctuation and movement, as seen in other industries.

The important thing for us is to remember this is a temporary boon for our local economy. We need to take advandage of it now, recognizing it will not last forever. The danger lies in the liklihood that we'll put all our eggs in this one basket, and be unprepared for inevitable change.

In reality, now that we've set this up and it's starting to take off, the region and state should be exploring the next big thing.

Samsung has recently started trying to recruit "semiconductor talent" from the Albany area


Well... 'foundries are quite poorly rated by employees at Glassdoor but Samsung is even worse.
Besides, half of Malta site workers are on temporary visas which are not transferable between companies.

I hope the next big thing for Capital Region economic development doesn't cost us $2 billion.

This is rumored to be apple's new site for wafer manufacturing.

http://www.computerworld.com/s/article/9234810/Is_N.Y._wooing_Apple_for_an_upstate_chip_plant_

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

The Scoop

Ever wish you had a smart, savvy friend with the inside line on what's happening around the Capital Region? You know, the kind of stuff that makes your life just a little bit better? Yeah, we do, too. That's why we created All Over Albany. Find out more.

Recently on All Over Albany

Holiday charities 2014

This month we talked with a bunch of people about holiday gifts, both giving and getting . And one of the questions was about favorite... (more)

Springwood Studios

Troy woodworker Jim Lewis has a spiritual and emotional connection to his work. The self-taught craftsman has created furniture, liturgical pieces for churches around the... (more)

Crisan to close cafe

Updated at 3:40 pm: We spoke with Crisan's owners about the changes coming to the bakery in the new year. News from Lark Street today:... (more)

The Airing of Grievances 2014

Once again we're celebrating Festivus with a traditional Airing of Grievances. So, what are your small annoyances, complaints, or frustrations? Gather round the unadorned aluminum... (more)

Morning Blend

On Friday Tiffany VanAlstyne -- the 19-year-old cousin of Kenneth White -- was charged with second-degree murder for the death of the 5-year-old boy. Authorities... (more)

Recent Comments

I wish the thermostat in my office would work properly... it's either Satan's nether-orifice or ex-planet Pluto's shady side.

Holiday gifts: Daniel B.

...has 2 comments, most recently from Kater

The Airing of Grievances 2014

...has 33 comments, most recently from Sally

Holiday charities 2014

...has 1 comment, most recently from Jamie

Crisan to close cafe

...has 13 comments, most recently from Anthony

The Time Warner Cable Yule Log: now in 3D

...has 3 comments, most recently from Steve