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Tech Valley News Ruiz Praises Tech Valley's High-Tech Ecosystem Learn more at Region also bested Russia, Brazil for fab Former AMD chief executive and current GlobalFoundries Inc. Chairman Hector Ruiz told a the National Press Club in Washington, D.C. the reasons behind AMD's selection of the Luther Forest Technology Campus in Tech Valley as the site of its $4.2 billion chip plant. The fab will be managed by GLOBALFOUNDRIES, an AMD spin-off. Read More.