The Daily Gazette - Schenectady, NY
Daily Gazette

AMD executive plans visit to tech campus
Announcement about chip plant unlikely
Thursday, August 21, 2008

Text Size: A | A | A

— Hector Ruiz, Advanced Micro Devices’ executive chairman, will make his first visit to the Luther Forest Technology Campus next Wednesday, company officials have confirmed.

Ruiz, who retired as chief executive officer of the computer chip maker in July but remains board chairman, will be touring infrastructure construction progress at the campus, where AMD has proposed a $3.5 billion computer chip factory.

The visit will include thanking local officials for their recent work reviewing plans for the factory, which is expected to get final zoning approval from the Town Board on Monday.

However, the big potential announcement — that AMD has made a final commitment to build the plant where 1,465 people would work — is not expected during this visit.

“No AMD news or announcements, but it will be a great opportunity for us to continue our dialogue with local leaders and the community,” said AMD spokesman Travis Bullard.

If the plant goes forward, it’s widely expected to bring in other high-tech businesses and transform the regional economy.

“He’s coming here to thank local officials for their work and talk to elected leaders and business leaders about what to expect over the next couple of years,” said Michael Relyea, executive director of the Luther Forest Technology Campus Economic Development Corp., which owns and is developing the site.

The one-day visit will start with a breakfast with presidents of several local universities in Albany followed by a tour of the Luther Forest construction hosted by Relyea.

The internal road system within the 1,350-acre campus in Malta and Stillwater is currently under construction, as is a county water system that will supply the proposed plant with manufacturing water.

After the tour, there is scheduled to be a visit to Saratoga Race Course with former state Senate Majority Leader Joe Bruno and a reception in Saratoga Springs for AMD and local officials, hosted by the Saratoga County Chamber of Commerce, Saratoga Economic Development Corp. and Relyea’s organization.

Ruiz and then-governor George Pataki made the initial announcement about plans for the plant in Albany in 2006, but Bullard confirmed this will be Ruiz’s first visit to the site. Ruiz also made a brief visit to Albany earlier this summer to meet Gov. David Paterson.

The Malta Town Board is expected on Monday to conclude a public hearing and approve zoning changes AMD has been seeking, following a six-month review.

The zoning approval will allow AMD to eventually build up to three nearly 1-million-square-foot computer chip plants.

Accompanying Ruiz will be Allyson Peerman, AMD’s vice president for public affairs, and Harry Wolin, senior vice president and general counsel, Bullard said. All will be coming from Austin, Texas, where AMD’s senior leadership is based.

Steve Groseclose and Ward Tisdale, two AMD officials who have regularly visited Malta during the zoning deliberations, are expected for Monday’s vote and will remain through the Ruiz visit, Bullard said.

AMD has until next July to break ground on the first plant and qualify for about $1.2 billion in state economic development incentives.

“I think this is a good sign. It’s one more step toward the end zone,” said town Supervisor Paul J. Sausville, who was informed of the planned visit Wednesday morning. “AMD is seriously committed to planning for this project.”

AMD has been struggling financially for the last couple of years in its competition with Intel Corp. for the microprocessor market, and has announced it is developing an “asset smart” strategy that is likely to reduce the company’s capital spending. Details of the strategy and how the Luther Forest plant may fit into it haven’t yet been made public.



Share story:   print   email +digg
+fark
+reddit
+facebook
+del.icio.us
+stumbleupon

comments


Post a comment
(Requires free registration.)

In Today's Gazette...
December 2, 2008

Poll
How do you expect your holiday shopping habits to change this year?







See the results


Services



Ask A Doctor