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Had asked my advice is spinning up that chip making -- guys want -- -- interesting because they're building a factory in upstate New York.
And promising to create 14100.
Jobs in just about everybody else -- -- is way and people -- joining me now is Doug gross.
CEO of the new company global foundries welcome to happy -- done.
Is this a new form of say -- -- -- factory production in the future of manufacturing in this country can we say good -- to Detroit that we don't even need him anyway.
Well there it is bringing back on shore some of the key.
Technology and manufacturing and advanced semiconductors that for -- ten or twenty years have been knowing offshore so we're extremely excited.
That we're going to be creating jobs in new York and then obviously the indirect jobs are going to be associated with the one -- most advanced semiconductor plants in the world.
Thank Doug saudis have always been to monetize business.
I was shocked today adds a little research on AMD is just don't -- -- some -- -- The size of these companies the -- -- they -- -- center.
There are so many big firms is it over grown as it is it just too much production right now.
Now we don't believe so you know our focus is going to be on leading edge semiconductors.
And building forward for customers.
Who just can't afford anymore.
You know to.
-- the other companies to do it on around so.
Foundries are growing.
Most of the foundries in the world today sit in Asia.
So this is the first independent.
You know US based advanced semiconductor foundry in the world so.
-- -- -- -- -- -- -- Yeah I'm -- there and -- you're finished down.
Upstate is -- upstate New York area Saratoga county I begin to create thousands of jobs out there had to -- select that area.
Well many years ago AMD is they were looking around the world war new capacity.
Sites to expand into.
Did a survey and they looked in.
Singapore they looked in Europe.
And they looked in the United States in New York.
Many many years ago has been working on focusing in on technology.
Nano technology and bringing -- capability in.
Back into the states and they created.
I'll say shovel ready side panel -- its -- little Molly of Albany, New York.
And that's where we're gonna -- breaking ground this summer for our new semiconductor factory.
Doug I've just got about thirty seconds left but I wanna talk but little bit about the business itself you know the guy -- Let's get a real barrier basically bringing in sort of -- a low margin low tech.
Kind of factory business that does that that they do in Taiwan typically bring them over here.
Is that the future we can have lower margins in the chip industry than we did in decades past.
Well I don't know about low margins but -- we think this is a very viable semiconductor market that we're going on.
Look forward to -- we work on advance technologies so we see this is really high tech.
This is really getting harder.
It's getting more complex.
And we think the tapping into the global talent not only in New York.
-- -- partners like I'd be but.
Global talent in Europe where we have our other manufacturing facilities.
Is going to be key to the innovation.
That -- semiconductors.
Growing and giving consumers.
You know the required necessary cost posture that is there could drive the business.
-- real quick yes or no answer I'm running out -- and I guess -- New York stayed off it tax incentives to come here.
Absolutely they offered us tax breaks -- and sent notes to be a part of the package that's all right -- -- -- thank you very much and it's heavy out against him his group.
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