Advanced Micro Devices Inc (AMD)

[SemiconEng]

"So it's municipal bribery by local governments eager for jobs in desperate economic times..."
It probably was only a minor consideration for AMD when they located Fab30 and Fab36 in Dresden...

Depending on how you define 'minor', of course.


http://biz.yahoo.com/e/030812/amd10-q.html

In addition to support from AMD, the consortium of banks referred to above made available up to $877 million in loans to AMD Saxony to help fund Fab 30 project costs. The loans have been fully drawn and a portion has been repaid. AMD Saxony had $627 million of such loans outstanding as of June 29, 2003, which are included in our consolidated balance sheets.

Finally, pursuant to a Subsidy Agreement, as amended in August 2002, the Federal Republic of Germany and the State of Saxony are supporting the Fab 30 project, in accordance with the Dresden Loan Agreements, in the form of: guarantees equal to 65 percent of AMD Saxony's outstanding bank debt, or $408 million; capital investment grants and allowances totaling $476 million; and interest subsidies totaling $175 million.