223 ACRES SELLS AT LUTHER FOREST TECHNOLOGY CAMPUS

MALTA AND STILLWATER, N.Y. — GLOBALFOUNDRIES has purchased 223 acres of land at the Luther Forest Technology Campus. The land was purchased to construct Fab 2, with space remaining to develop two additional fabs. Luther Forest Technology Campus, located in New York’s Tech Valley and spans Stillwater and Malta, comprises 1,414 acres of shovel ready sites designed for semiconductor and nanotechnology manufacturing and other innovative industries. The campus will be home to GLOBALFOUNDRIES’ state-of-the-art 300 mm fabrication facility, which is slated to begin construction in summer 2009 with a completion in 2012. The remaining land at the campus will be divided into nine development areas with lot sizes ranging from 65,000 to one million square feet.