High-Performance Semiconductor Design Company Commits to Creating 165 New Jobs in Two New York State Locations
NYS Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy
Governor Kathy Hochul today announced that AMD, a California-based designer of high-performance semiconductors, has chosen to grow its next generation technology business in New York State. The company has established state-of-the-art research and design facilities in spaces at the Linden Oaks Office Park in Monroe County, and at the Westgate Business Park in the Village of Fishkill in Dutchess County. AMD has additionally committed to creating up to 165 new jobs by 2025 as a result of the project. The new facilities will focus on the design and validation of mixed-signal integrated circuits and packaging for processors that are used in cloud computing, data centers, gaming, and PCs. Both locations are now fully operational.
"It is through incredible projects like this that we are further demonstrating New York's continued commitment to fostering the growth of innovative semiconductor businesses,” Governor Hochul said. “I am incredibly proud to support AMD’s forward-thinking investments in Monroe and Dutchess Counties that are moving our communities forward and further cementing New York’s reputation as the national hub for high-technology research, development, design and manufacturing."
Founded in 1969, AMD drives innovation in high-performance and adaptive computing technologies that help to enable the future and push the boundaries of what is possible. AMD processors are at the heart of devices and services across a broad set of markets including cloud computing, enterprise, communications, healthcare, aerospace, automotive, PCs, gaming and more.
Empire State Development is assisting AMD with the project by providing up to $5 million in performance-based Excelsior Tax Credits in exchange for the statewide job creation commitments. Starting with an initial investment of $3.3 million, the company expects to continue to further finance operations at both locations over the next several years. Greater Rochester Enterprise also offered critical assistance for this project.
Growing the semiconductor industry in New York State is a top priority of Governor Hochul. In January, as a key component of her State of the State address, she announced the creation of GO SEMI: the Governor’s Office of Semiconductor Expansion, Management, and Integration. GO SEMI, led by Empire State Development, will be supported by experts from numerous state agencies and will work in coordination with our federal and local partners and oversee investments in the semiconductor industry, and will shape and implement a broader, national model for maximizing industry and community returns on such public/private partnerships.
Empire State Development President, CEO and Commissioner Hope Knight said, "New York State is home to some of the most talent-rich tech companies in the semiconductor industry. By supporting AMD and other businesses committed to growing next-generation technologies, we are bolstering the economy, creating good-paying jobs and fueling transformative opportunities throughout the state."
AMD Executive Vice President and Chief Technology Officer Mark Papermaster said, “AMD employees in Monroe and Dutchess County are focused on research and design efforts to develop next generation high-performance processors. We are excited to expand our presence in the region, which is renowned for its top research universities and engineering talent, and to continue advancing leading-edge semiconductor innovation in the U.S.”
For additional information about AMD, visit: www.amd.com/en.html.
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