Feb. 1--Advanced Micro Devices Inc. said Thursday that its future in manufacturing advanced processor chips lies in Singapore and not in Central Texas.
The chip maker, one of Austin's largest high-tech employers, said it will team with Taiwan's United Microelectronics Corp. to build a giant chip factory in Singapore that is expected to cost $3 billion or more and begin making cutting-edge microprocessors in 2005.
The announcement is a blow to several area communities, including Austin and San Marcos, that had conducted high-profile campaigns to win the plant and its 1,500 jobs.
"They make decisions based on business and their
partners," Austin Mayor Gus Garcia said, "and there's not much we can do. Life will go on, and we'll work with the business community to get our economy back on track again."
Local leaders had seen the AMD project as a way to bolster Austin's sagging presence in chip manufacturing and its weakened high-tech economy. The City of Austin dangled an incentive package worth $95 million in its first major recruiting campaign since winning Samsung's chip factory in 1997. …
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