MALTA — Hector Ruiz, executive chairman of Advanced Micro Devices, said he expects to announce by the end of the year that his company will be building a computer chip fabrication plant in the Luther Forest Technology Campus.

While touring the site that is being prepared to AMD’s specifications this morning, Ruiz said his company is restructuring the way it does business to strengthen its competitiveness.

Local, county and state officials have worked with the local business community to prepare the technology campus off Route 9 to accommodate what is expected to be a $3.5 billion computer chip factory that would generate 1,465 new jobs for the region.

Ruiz drove around the industrial park with retired state Sen. Joseph Bruno and Assemblyman Roy McDonald to see the businesses that now exist and the preparations for what would be the park's largest tenant.

Michael Relya, executive director of the Luther Forest Technology Campus Economic Development Corp., which owns and is developing the site, said more than five miles of trails have been cleared for roads that will be completed by next summer.

Relya said 1,380 acres of land are being dedicated to the chip plant plant, and of those, 700 acres will remain green with public trails.

Ruiz was quizzed about his company’s economic declines in recent quarterly reports and whether AMD will be in a position to fulfill its commitment to the region. AMD has racked up more than $4 billion in losses over the last year and a half as competition from Intel intensifies and AMD struggles to recover from its own product delays.

Ruiz said the company has sold some of its small holdings and will be selling more in the coming months.

“We are in the process of repositioning the company for future success,” he said.