AMD Finds New Home For Austin Operations
- New campus in Southwest Austin signals long-term commitment to the city and to protecting the environment -
AUSTIN, TX --
AMD (NYSE: AMD) today announced plans for a new campus for local design and administrative functions to be developed at the Lantana property in Southwest Austin. AMD currently operates 12 buildings in Austin. By creating a single campus at Lantana, where 58 percent of AMD’s local employees live within a 10 mile radius, AMD will improve efficiency and reduce employee commutes by more than 10,000 vehicle miles per day.
The new location, set on a 60-acre parcel at the corner of Southwest Parkway and William Cannon Drive, is currently zoned for commercial development by the City of Austin and was selected primarily due to its proximity to the majority of AMD’s Austin employees, the size specifications of the new campus, and the presence of existing infrastructure. Spansion, the Flash memory venture of AMD (NYSE: AMD) and Fujitsu Limited (TSE: 6702), will continue local manufacturing activity at the current location of Fab 25 on East Ben White Boulevard.
“As a global technology company with a 25-year history in Austin, we are excited to announce the location of our new home at the center of where our employees live. Creating a new campus at Lantana will allow us to improve efficiency, reduce employee commute miles, and create a world-class AMD Austin campus,” said Kevin Lyman, senior vice president, human resources at AMD. “AMD shares this community’s value of protecting the environment. That is why we are committed to voluntarily going above and beyond current zoning requirements to build an environmentally sensitive campus and to set a new standard for business development in Austin.”
“AMD is the kind of company we want in Oak Hill. Given that traffic is the number one issue in Austin, having AMD locate near their employee base is a smart move. By taking 10,000 vehicle miles per day off of our already congested roadways, AMD will greatly reduce the commutes of a significant number of their employees who already live in Southwest Austin,” said Bruce Perrin, president, Oak Hill Association of Neighborhoods (OHAN). “AMD has been a good neighbor to Austin for many years. Now they want to bring their community-oriented operations to Oak Hill. All of us will benefit.”
AMD’s plan for developing an environmentally sensitive campus encompasses several key elements, including voluntarily reducing impervious cover by 20 percent below existing entitlements, meeting the water quality controls of the SOS Ordinance, reducing traffic in the immediate area by 20 percent relative to a similar sized retail development, and working with experts in the field of “green building” to create and implement cutting-edge building practices. Additionally, AMD and Stratus Properties have committed to investing $5 million to fund the preservation of open space over the watershed.
Construction of the new campus is expected to begin in 2006. AMD expects to begin the relocation process in early 2007 and complete the move later that year. Founded in Sunnyvale, CA in 1969, AMD came to Austin in 1979 with Fab 5, the company’s first U.S. chip manufacturing facility outside Silicon Valley. In 1995, AMD opened Fab 25 in Southeast Austin, now one of the world’s most advanced Flash memory fabs. Fab 25 is expected to remain Spansion’s flagship manufacturing facility for the foreseeable future.
AMD (NYSE:AMD) designs and produces innovative microprocessors, Flash memory devices and low-power processor solutions for the computer, communications and consumer electronics industries. AMD is dedicated to delivering standards-based, customer-focused solutions for technology users, ranging from enterprises to government agencies and individual consumers. For more information visit www.amd.com
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