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AMS plans to shell out $2B to rent New York wafer fab

Posted: 25 Aug 2015 ?? ?Print Version ?Bookmark and Share

Keywords:AMS? wafer fab? sensor?

AMS AG has pledged to spend $2 billion on a wafer fab in upstate New York. Under an agreement reached with the State of New York, the Austrian mixed-signal and sensor IC specialist will rent the fully operational wafer fab for 20 years for a nominal yearly amount and will only incur operating expenses on the wafers produced, the company stated.

AMS expects to spend more than $2 billion on capital purchases, operating expenses and other investments in the facility over the first 20 years.

AMS will work in partnership with New York State and the State University of New York (SUNY) Polytechnic and the College of Nanoscience and Engineering (CNSE) to build, staff and operate the 200/300mm wafer fab.

Construction on the 450-acre site at Marcy will start in spring 2016. AMS expects to create 700 full time jobs and at least an additional 500 additional jobs for contractors, sub-contractors, suppliers and partners. Additionally, AMS will work with Fort Schuyler Management (FSMC) and SUNY Poly on a programme of complementary research, commercialisation and workforce training.

Thomas Stockmeier, COO of AMS, said the company had decided to locate its next manufacturing facility in New York was motivated by the proximity to education and research institutions and "favourable business environment" provided by Governor Cuomo of New York State.

- Peter Clarke
??EE Times Europe

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