edge: where is that chip plant?
Cuomo

Lund, Sweden

#43 Oct 18, 2012
I will believe it when I see it. These Democraps have more bullshit than you can shake a stick at! The only way to get a company to come to NY is to BRIBE them!
bigmoneynothere

Saranac Lake, NY

#44 Oct 19, 2012
GlobalFoundries could employ 3,000 in Malta

The Business Review by Richard A. D'Errico, Reporter
Date: Friday, October 19, 2012, 7:14am EDT - Last Modified: Friday, October 19, 2012, 7:36am EDT

GlobalFoundries has 1,680 employees at its Malta, New York, plant.

Computer chip-manufacturer GlobalFoundries says it could employ as many as 3,000 workers at its Malta plant if it expands operations at the site.

“That’s a very rough estimate we’ve used for the purposes for working with the board on site plan approval,” GlobalFoundries spokesman Travis Bullard said.

The Malta Planning Boar approved on Tuesday GlobalFoundries’ plan to build a Technology Development Center on the site that is home to the computer chip-manufacturer’s $6.9 billion plant at the Luther Forest Technology Campus.

The board approved the plan for a 556,652-square-foot, three-story building with minor conditions, said Anthony Tozzi, Malta’s building and planning director. He said the board had some technical questions it needed answers to.
Steve

Haverfordwest, UK

#45 Oct 21, 2012
Oh we knew about this....
for steve

Saranac Lake, NY

#46 Oct 24, 2012
Chip plant-related leases vexing landlords

Contractors, suppliers for chip plant can't commit beyond 3 years in Malta

By Eric Anderson
Published 11:23 p.m., Tuesday, October 23, 2012

In Malta, where chip maker GlobalFoundries is completing a $7 billion semiconductor plant, suppliers looking for space aren't willing to commit to leases for any longer than three years.

The result: landlords face challenges financing the buildings to accommodate them.

"It's almost an inability to commit. Their contracts with GlobalFoundries are limited to three years," said panelist Eileen Lindburg, senior vice president at CBRE-Albany, in an interview Tuesday afternoon. "It's a fact of the business that none of us anticipated."

Still, "that's not uncommon in the industry," said Jack Kelley of Prime Cos., who played a role in landing the company when he was with the Saratoga Economic Development Corp. "It's part of the culture. If we're going to be successful as developers, we'll have to understand that and work with it."

But "the landlords who are building the buildings are faced with a dilemma," said panel member Tim Conley, managing principal at Cresa Albany, in an interview later Tuesday. "How will lenders look at a building full of three-year leases?"

Often, lenders want more collateral or other ways of recovering their funds if the building empties out, he said.

And the fact that Malta was largely undeveloped a decade ago means there's little existing space available for suppliers to lease.

Read more: http://www.timesunion.com/local/article/Chip-...
Easy Peasy

France

#47 Oct 24, 2012
Oh that is Easy. We will set up a shell company like we have so many times in the past, get all the financing to put up the building then pay the construction of the building from the shell. When the shit hits the fan, the shell goes bankrupt and everyone washes their hands of the whole mess. Well, except the county and the state, but who cares. They have DEEP pockets. Thank you very much Oneida County for your continued support in this lovely scam. See you soon at your new chip plant!!
for steve

Saranac Lake, NY

#48 Oct 25, 2012
Intel plans massive expansion to $3B D1X fab

The Business Review
Date: Thursday, October 25, 2012, 7:17am EDT - Last Modified: Thursday, October 25, 2012, 7:33am EDT

Intel Corp. on Wednesday announced it will expand its $3 billion D1X research fab in Hillsboro, Oregon, in a project that could double the size of the facility, now under construction.

Intel spokesman Bill MacKenzie said the Santa Clara, Calif.-based chip maker (Nasdaq: INTC) won't disclose the size of the expansion or the amount to be invested, though he said it would be "comparable" to D1X. That suggests the entire project will approach $6 billion in cost and twice the originally planned square footage.

Intel conducts research at the College of Nanoscale Science and Engineering. Its announced expansion comes at a time when competing chip maker GlobalFoundries is also expanding its Malta, New York, plant.
No chip plant

United States

#49 Oct 25, 2012
Did they mean Malta? I thought it was supposed to be Marcy. Was it a typo? Doesn't saratoga county already have a chip plant..... So what they're saying, if I'm reading between the lines, is... No chip plant in Marcy.

Does edge see what I'm seeing?

It's hard to believe the Mohawk valley can willingly be strung along for a decade.

No chip plant, common EDGE, show me the money. If its not there than take your chip plant and shove it.

Who is building the plant in Marcy? I call their bluff.
Boonville Redneck

Madrid, Spain

#51 Oct 26, 2012
No chip plant wrote:
Did they mean Malta? I thought it was supposed to be Marcy. Was it a typo? Doesn't saratoga county already have a chip plant..... So what they're saying, if I'm reading between the lines, is... No chip plant in Marcy.
Does edge see what I'm seeing?
It's hard to believe the Mohawk valley can willingly be strung along for a decade.
No chip plant, common EDGE, show me the money. If its not there than take your chip plant and shove it.
Who is building the plant in Marcy? I call their bluff.
There is no plant in Marcy. There is a fine looking connector road, great sewage, pretty flowers, but NOTHING. NODDA. BLANK. ZERO. They even took some poor woman's land against her wishes for this pipe dream. Wake up people of Oneida County! Tell your legislators that you no longer want ANY of your tax dollars going to EDGE.
Potato Chip

Matawan, NJ

#53 Oct 28, 2012
Seems his mouth is full (of shit) and can not talk now. Come back later...
Any News

Höst, Germany

#54 Nov 4, 2012
Potato Chip wrote:
Seems his mouth is full (of shit) and can not talk now. Come back later...
Is there any news on this potato chip plant?
Chip Plant part I

Saranac Lake, NY

#55 Nov 8, 2012
Upstate New York, including the Capital Region, is in contention for a multibillion-dollar manufacturing plant that would create at least 1,000 jobs.

An unidentified company has retained Deloitte, a worldwide consulting and financial adviser. A team from Deloitte has scouted locations in Rensselaer and Saratoga counties, as well as the Utica area, which is two hours west of Albany on the Thruway.

The plans are dubbed “Project Azalea,” according to documents obtained by The Business Review.

The unidentified Deloitte client intends to select a finalist next month and finish land negotiations in February 2013, according to a timeline laid out in the site-search documents.

The documents do not specify a price tag, but they do detail needs for water, power and gas to operate 3.2 million square feet of buildings. College-educated engineers will make up about 40 percent of the initial 1,000-job work force.

Based on those specs, industry executives and analysts said the plant appears to be a “fab” for semiconductor production—very likely computer chips that could be used in TVs, cell phones and other electronic devices.

The region already has one company making computer chips: GlobalFoundries Inc., which began production earlier this year in rural Malta, a town in Saratoga County. Semiconductor technology and a related science, nanotechnology, are at the core of the world-renowned research going on at the University at Albany’s College of Nanoscale Science and Engineering.

The buildings involved in Project Azalea will have a total footprint of 3.2 million square feet and be up to 180 feet tall,“with potential to expand.” That is at least 1.2 million square feet more than GlobalFoundries, by comparison.

GlobalFoundries received a record package of state incentives, now nearing $2 billion in value, to build the facility—which is expected to have 1,800 employees by year’s end. Deloitte's client is seeking an incentives package "commensurate with the level of investment."

GlobalFoundries is located within the 1,400-acre Luther Forest Technology Campus. The Deloitte team visited that site for Project Azalea, according to multiple sources.

Dennis Brobston, president of the Saratoga Economic Development Corp., said he could not speak about the project because he signed confidentiality agreements.

Sources said the Deloitte team also scouted the Rensselaer Technology Park, located in North Greenbush. The tech park is owned by Rensselaer Polytechnic Institute, the 188-year-old private engineering and research university in nearby Troy.

Sources said up to two other U.S. sites, as well as one each in Europe and Asia, are under consideration.
Chip Plant part 2

Saranac Lake, NY

#56 Nov 8, 2012
In addition, the Deloitte team visited central New York to scout a 430-acre site in Marcy, near Utica.

An economic development organization called Mohawk Valley EDGE has been trying to recruit a computer-chip plant there since the late 1990s. Advanced Micro Devices Inc. considered the site before ultimately choosing Luther Forest as the place to spin off its manufacturing operations, which became GlobalFoundries.

In an interview, Steven DiMeo, president of Mohawk Valley EDGE, confirmed that Deloitte visited his site in October. Follow-up communication has continued into this month, DiMeo said.

“We know we’re dealing with a global company and that they’re on a rather accelerated timeline,” DiMeo said.

“We believe the lead is somewhere in the semiconductor arena,” DiMeo said.“Their utility needs suggest that would be a plausible potential, as well as the fact they zeroed in initially on the Albany metro.”

According to site-search documents, Deloitte’s anonymous client needs a minimum of 100 acres, but preferably 150 to 225 acres.

The plant will consume up to 4.2 million gallons of water a day when production begins, needing 75 megawatts of power by that point.“Site should permit the transportation and storage of large quantities of chemicals and gases to be used in the manufacturing process,” the documents say.

“It sounds and feels like a fab, yes,” said Risto Puhakka, an industry analyst based in Silicon Valley.“It definitely sounds like a fab.”

One hiccup for Utica could be a late-summer ruling by the U.S. Army Corps of Engineers.

The Army Corps said Mohawk Valley EDGE could not continue until an end-user is recruited and identified. DiMeo said the ruling prevents his organization from doing what he called “considerable site improvements so we’re truly shovel-ready,” including wetlands work.

DiMeo said he is working to reverse the ruling.

“We definitely have the prime New York state option. There are a lot of compelling reasons why the Marcy site makes a lot of sense,” DiMeo said.“If we don’t make the cut, then maybe that Army Corps decision had some relevance.”
Chip Plant part 1

Saranac Lake, NY

#57 Nov 8, 2012
The Business Review by Adam Sichko, Reporter
Date: Thursday, November 8, 2012, 3:05pm EST - Last Modified: Thursday, November 8, 2012, 3:21pm EST

Upstate New York, including the Capital Region, is in contention for a multibillion-dollar manufacturing plant that would create at least 1,000 jobs.

An unidentified company has retained Deloitte, a worldwide consulting and financial adviser. A team from Deloitte has scouted locations in Rensselaer and Saratoga counties, as well as the Utica area, which is two hours west of Albany on the Thruway.

The plans are dubbed “Project Azalea,” according to documents obtained by The Business Review.

The unidentified Deloitte client intends to select a finalist next month and finish land negotiations in February 2013, according to a timeline laid out in the site-search documents.

The documents do not specify a price tag, but they do detail needs for water, power and gas to operate 3.2 million square feet of buildings. College-educated engineers will make up about 40 percent of the initial 1,000-job work force.

Based on those specs, industry executives and analysts said the plant appears to be a “fab” for semiconductor production—very likely computer chips that could be used in TVs, cell phones and other electronic devices.

The region already has one company making computer chips: GlobalFoundries Inc., which began production earlier this year in rural Malta, a town in Saratoga County. Semiconductor technology and a related science, nanotechnology, are at the core of the world-renowned research going on at the University at Albany’s College of Nanoscale Science and Engineering.

The buildings involved in Project Azalea will have a total footprint of 3.2 million square feet and be up to 180 feet tall,“with potential to expand.” That is at least 1.2 million square feet more than GlobalFoundries, by comparison.

GlobalFoundries received a record package of state incentives, now nearing $2 billion in value, to build the facility—which is expected to have 1,800 employees by year’s end. Deloitte's client is seeking an incentives package "commensurate with the level of investment."

GlobalFoundries is located within the 1,400-acre Luther Forest Technology Campus. The Deloitte team visited that site for Project Azalea, according to multiple sources.

Dennis Brobston, president of the Saratoga Economic Development Corp., said he could not speak about the project because he signed confidentiality agreements.

Sources said the Deloitte team also scouted the Rensselaer Technology Park, located in North Greenbush. The tech park is owned by Rensselaer Polytechnic Institute, the 188-year-old private engineering and research university in nearby Troy.

Sources said up to two other U.S. sites, as well as one each in Europe and Asia, are under consideration.
Chip Plant part 1

Saranac Lake, NY

#58 Nov 8, 2012
Sorry for the double post.

Why do we have to get our info from Topix and not in the Utica OD or Rome Sentinel?
No chip plant EVER

Gouverneur, NY

#59 Nov 8, 2012
Do not reverse the ruling you sob. No end user, no plant. That's because you've destroyed the marketplace with excessive taxation!
Plausable potential is something someone would say if they were completely incompetent.
Why does the state fix us with dummies? To fleece!
EDGE is clearly one reason the economy of our region is in shambles.
freebie the bean

Penn Yan, NY

#60 Nov 8, 2012
Steve diMeo is presently in negotiations with Frito-Lay for a chip plant at the Marcy site. Starting pay for all jobs is $8/hr. Wise chips is also in talks with Tony Picente for a site at the old airport in whitestown.
LastChance

Saranac Lake, NY

#61 Nov 9, 2012
Are we going to run around Oneida County bragging that we came in 2nd place again?

2nd place is the same as last place.
somethingelse

Saranac Lake, NY

#63 Nov 10, 2012
??
The Professor

Minoa, NY

#64 Nov 10, 2012
I heard there building a Wise Potato Chip Plant instead?
totally out of context

Gouverneur, NY

#65 Nov 10, 2012
Mark Ford:

“This is a residential neighborhood,” he said.“There is no upside that I can think of. It will bring people that we don’t want here.”

Dems do as Dems do

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Utica Discussions

Title Updated Last By Comments
The Fitness Mill 5 min Bend Over 26
coward PUNK VERTUCCI PASALINA IMAGINARY LAWSU... 1 hr Vagtucci 68
see MARIO PASS VERTUCCI CRY ALL DAY WITH HER FA... 1 hr Vagtucci 14
Donnie Jr calls off the Secret Service 1 hr Reach 7
Tyksinski Defeated 1 hr Vagalinavertuccpass 55
Vaginatucci UNHINGED! 1 hr Vagalinavertuccpass 22
Fiscal group gives NYS an 'F' for budget practices 1 hr tester 4
Observer dispatch front page gossip 6 hr Ivania and Melanka 24
Slocum Urgent Care 8 hr your mother 36

Utica Jobs

More from around the web

Personal Finance

Utica Mortgages