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AMD Slated to Receive 56 Million CAD Grant from Ontario Government

Discussion in 'News' started by btarunr, Feb 10, 2010.

  1. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    AMD today announced that it has entered into a Memorandum of Understanding with the Ontario Ministry of Economic Development and Trade, under which the Ministry will award a five-year grant of $56.4 million CAD ($52.8M USD) to AMD Canada under Ontario’s Next Generation of Jobs Fund. The grant is expected to fund R&D activities by AMD’s Markham-based engineers in the development of its upcoming AMD Fusion family of processors, related software infrastructure and integrated computing platforms. Ontario expects to make its initial investment of $11.2 million CAD to AMD upon signing the formal agreement, with periodic payments occurring thereafter throughout the grant period.

    In turn, AMD will commit to substantially invest in AMD Fusion processor-related R&D activities in Markham, and retain and create hundreds of high-value R&D jobs during the grant time frame. AMD also plans to increase collaborative activities with local universities.

    “With this partnership, Ontario will be at the forefront of helping to bring this game-changing technology to market, and will deepen the province’s reputation as a seat of technology innovation,” said Dirk Meyer, AMD president and CEO. “AMD Fusion technology is set to enable significant breakthroughs in personal computing and our R&D facility in Markham, Ontario is playing an instrumental role in creating this technology. AMD Canada is a critical part of our global footprint, and a wellspring of our technical innovation.”

    “Our support will help AMD to revolutionize how we use computers — by creating a new generation of “fusion” processors that will move the computing experience forward in powerful ways,” Minister of Economic Development and Trade Sandra Pupatello said. “This project has our government excited, because AMD’s innovations will be used in key sectors that we support, such as education, medicine and research.”

    AMD Fusion is the brand name for the AMD family of Accelerated Processing Units or APUs, a new generation of computing technology that combines the traditional processing power of the CPU with the breakthrough compute power of the GPU. AMD believes the transition to APUs is the next necessary step toward offering users solutions that are designed to deliver a superior experience across a broad range of graphically rich usage scenarios and software applications. AMD’s first APU is codenamed “Llano,” and systems based on this processor are planned to be available in 1H 2011.

    AMD’s Canada operations are based in Markham, Ontario. As AMD’s largest R&D center outside the United States, AMD Canada employs more than 1,600 people, including an average of 100 engineering student participants in its internship and co-op programs. During the past five years, AMD has invested more than $1 billion dollars in R&D activities in Canada.
    H82LUZ73, Kei, digibucc and 1 other person say thanks.
  2. Zubasa

    Zubasa

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    Looks like the news are in favor of AMD these days. :toast:
  3. n-ster

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    We canadians rock :D Maybe now they can lower the prices?
  4. wiak

    wiak

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    Markham = good old ati campus :p
  5. TurdFergasun New Member

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    damn you socialism!! how dare you create jobs and further the spread of technology! :shadedshu
  6. zithe

    zithe

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    Damn you open markets for funding every socialist movement!

    56 million couldn't possibly make a big difference, could it?
  7. mechtech

    mechtech

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    Good for ATI and the CNDs working there, a bit more job security for at least 5 yrs I guess, maybe get some more driver options too!!

    I wonder if they do the old ATI chipset R&D there also on top of the GPU?
  8. Mussels

    Mussels Moderprator Staff Member

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    56 million will pay for a lot of jobs
  9. eidairaman1

    eidairaman1

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    This is where ATI originated before AMD and ATI got into agreement of merging.
  10. WarEagleAU

    WarEagleAU Bird of Prey

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    More good news for AMD, I am beginning to think the Intel settlement has really begun to pay off in more ways than one.
  11. H82LUZ73

    H82LUZ73

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    they do that and cat development.Also all cards sold in North America go through there,I have a friend who`s wife works in the packaging department.Also most of the new gpu/cpu designs are there.You should see if Whizz can take a tour in that building.

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