Clinton meets with AMD chairman

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07/23/2008 01:11 PM
By: Web Staff
WASHINGTON, D.C. -- New York Senator Hillary Clinton is reaffirming her support for the AMD plant in Malta.

She met with former CEO Hector Ruiz on Wednesday. Ruiz resigned as CEO last week but has stayed on as AMD's executive chairman.

With Ruiz's departure, along with Joe Bruno's retirement as senator, there has been concern over the future of the project. However, Luther Forest Tech Park officials insist that the project is moving forward as planned.

This is the first time Senator Clinton and Ruiz met since January 2007, when the Saratoga County site was selected.



http://capitalnews9.com/content/headlines/120623/clinton-meets-with-amd-chairman/Default.aspx

[DS1]

1. It would be a strategic decision to make some world-class chip fabs

in this country.

[PBS Poll-435]

6. Chip fabs bring great jobs.

Could really help the economy of NY.

[jillan]

2. Sorry if this is a stupid question - but -

what is an AMD plant?

[PBS Poll-435]

3. AMD is the #2 x86 processor manufacturer in the world.

They and intel have nearly all of the personal computer CPU market.

AMD also owns ATI. The ATI division manufactures and designs graphics processors and cards.

The NY Fab would hire high-skilled workers and pay high-wages.

(Plus it would hopefully plant the seed and make the Malta area a new "Silicon Valley."

[jillan]

4. That is excellent!

Bringing jobs to the US - what a concept!

Thank you Hillary :)

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5. Hillary and Chuck Schumer have worked very hard with AMD and the NY State Gov't

to make this happen.

AMD currently fabs(fabricates) its silicon in Dresden.

[jillan]

7. Hopefully she can get it done.

As I posted in another thread, I expect amazing things to come from her.

She really believes in making this country better and will not let the politics, or her disappointment, interfer with her goals.

[Beacool]

17. Well, I hope that the country appreciates her enough

that some day she does become president. I still think that she would be a great president if given the chance.

[iamthebandfanman]

20. im assuming

they wanna be closer to ATI now they own it... wouldnt ya think ?

i dunno if their coming together was necessarily a good thing... but oh well ;)

glad they are bringing jobs over here though... definitely will keep buying their cpus.

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21. AMD since 2003 has been about scaleability

The ATI has adopted this idea.

The current generation of GPUs are amazing and they follow the same idea.

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8. kick

Shameless self-kick.

[Lance_Boyle]

9. also-ran meets ran-it-into-the-ground

Hill and Hector - rotten peas festering in a fetid pod.

But on the meat of the story... nobody has ever explained how this Luther Forest fab is supposed to fit into AMD's new "asset lite" strategy. AMD is between a million rocks and an infinity of hard places. Stock has gone from the $40s two years ago to the $4 range today. The biggest part of their "recovery plan" has been an "asset lite" strategy that would see the company sell off its fabs and contract the work out. Yet here they are planning a massive new fab. They must be kinda confused. Maybe vertigo from the two-year-and-continuing freefall. They never should have placed that ATI albatross around their corporate neck.

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10. In 3Q, the ATI division is finally going to turn a profit.

Samples of the new 45nm chips are out.

And NY state, Saratoga County, and Chuck/Hill are offering some really huge incentives to bring jobs to NY.

AMD is going to be ok.

[Lance_Boyle]

13. OK in 2-3 years. I'd be VERY surprised to see AMD turn a profit in '08.

I've been an on-and-off AMD shareholder for years and years. I keep hearing rumors of these "samples" of their 45nm process, but no evidence as yet. I doubt we'll see 45nm available this year. Probably mid-09. And that's *if* they don't have another debacle like their barcelona launch.

They'll be kept around because none of their customers wants to see Intel become the sole x86 supplier. But honestly, their tech is lagging and there are no signs that they'll be able to offer anything of greater value than Intel will in the next product cycle. Hope hinges on "fusion," which we should hear more about in the next year. I'd love to have an excuse to buy back in. But this one's far from a "bargain" at $4.50/share at this point, unless an investor has years to wait for a return, and nowhere better to put his money in the meantime.

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14. The 45nm "Denab" chip was tested and benched last week.

I will see if I can find you a link.

AMD is handling their accounting very responsibly right now.

They faced the music, took the charges, and will be better off in the long term.

They exaggerated their tech, if they were to exaggerate their #s, that would be the end of them.

[Lance_Boyle]

15. the band plays on - they're still facing plenty more music.

I'd appreciate a link to any testing on the 45nm process. Last I heard they had not successfully booted anything on it.

I like the company. I really wish Hector hadn't assjammed it like he did. But I agree with you that they will remain around. We just differ on the estimated timeframes.

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19. I quickly found a couple of links for you

http://www.tcmagazine.com/comments.php?id=20790&catid=2.

[TahitiNut]

11. They must have an agreement with the organized crime family there.

:eyes:

(Don't ask.)

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12. ROFL.....

There you are!

:hi:

:rofl:

[Beacool]

16. Thanks for the info.!!!

I hope that the deal goes through, NY could use the jobs.

Nice work, Hillary!!!!

[PBS Poll-435]

18. You are welcome...

Bringing the US back to a country that PRODUCES more than it CONSUMES should be a goal of all progressives/liberals/Democrats.

High-tech jobs should not automatically be relegated to other nations.