On Wednesday, Ron Scherer from the Christian Science Monitor published a story about American manufacturing, and how President Obama believes that advanced manufacturing jobs, like those at GLOBALFOUNDRIES, can be the cornerstone of economic revival in the United States.
The information that Scherer shares on GLOBALFOUNDRIES is based on a tour and several interviews that he received while being hosted at Fab 8, in partnership with the Saratoga Economic Development Corporation.
Here’s an excerpt from Scherer’s story:
The new plant, which is about the size of six football fields, has hired 1,100 workers in the past two years and plans on adding another 300 this year. Construction workers are still bustling around the $4 billion facility, which has expanded before it’s even shipped a silicon wafer – and will eventually be a $7 billion operation.
The company is attracting the attention of high-tech companies around the globe. And because the company is more dependent on PhDs than on manual labor, it is an example of where the United States has an advantage over places such as China, where labor costs are so low.
To read Scherer’s full article and see pictures of Fab 8 and GLOBALFOUNDRIES’ New York operations, click here.