XNRGI Inc fka NPWZ

[ShortonCash]

CSO Chief Strategy Officer in Abu Dhabi Paul Sidlo

Might just be move to Abu Dhabi was for funds .... the Us government grant might be a small amount VS the funding in New by Globalfoundries 12 billion..... They went to where the money is...

https://twitter.com/psidlo

CSO and Co-President
Company Name XNRGI
Dates Employed 2018 – Present Employment Duration less than a year
Location Abu Dhabi and Seatle
Paul Sidlo, Co President CSO Chief Strategy Officer



Tom Caulfield, CEO, Globalfoundries, addresses those gathered at an event at GlobalFoundries on Monday, May 7, 2018, in Malta, N.Y. (Paul Buckowski/Times Union)
Malta

The Abu Dhabi owners of GlobalFoundries visited the company's Fab 8 computer chip factory in Saratoga County on Monday and made the case that the facility is a national asset deserving of future federal support.

The company, which is in the process of launching its next-generation 7 nanometer chip technology, is expanding manufacturing capacity at the factory by 20 percent this year as it works to utilize all 460,000 square feet of available clean room space at the $12 billion campus.

But for Mubadala and Al Mubarak to spend potentially $10 billion more to build a second fab in Malta, it appears they are now ready to turn to the federal government for financial support after New York state provided an initial incentive package of $1.2 billion back in 2006.

This time around, industry experts say, a second GlobalFoundries fab in New York could command double that assistance based on what other countries like India, Germany or Singapore could offer for a similar facility.

"This is a deeply competitive and globally strategic industry with many nations deploying significant resources to develop their own industries," Al Mubarak said during a family-style luncheon speech he gave to several hundred company executives and local business and political leaders. "However, I am confident that the quality and depth of the ecosystem here, the committed workforce, and regional and national government backing of Tech Valley will enable us to remain at the absolute forefront of the industry."

Although Al Mubarak was scheduled to meet with Gov. Andrew Cuomo in Albany immediately following the Fab 8 event, he and others from his delegation will be in Washington, D.C., on Tuesday and Wednesday to make their pitch directly to federal officials, including potentially the White House.