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State OKs AMD benefits transfer

$650M can now be tapped by spin-off company

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The state’s Public Authorities Control Board on Wednesday approved moving a $650 million incentive payment for the proposed computer chip manufacturing plant from Advanced Micro Devices to a new AMD spin-off company. Meeting at the state Capitol in Albany, the high-level board within the state Division of Budget shifted the incentive from AMD to AMD Fab Technologies U.S., marking final state approval after three months of review. AMD Fab Technologies will build and own the ...

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