No point in bringing that up and falsley raising hopes, fanboy or normal human alike. It takes longer to build and setup a fab (2 1/2 years was the number I believe is saw) than it does to develop a new core Uarch.
And, contrary to popular belief the NY fab is not now nor ever was a done deal. While AMD publically 'confirmed' plans for the fab, back in June of 2006, no binding contracts were ever signed, and as late as this summer(2007)Dresden was still making proposals/offering deals to be the site for the new fab.
In May of this year, at a Saratoga Economic Development Corp.'s dinner meeting to discuss the NY fab, AMD assured that group (SEDC) that they (AMD) had a need for the facility, but it was a matter of "timing". At that meeting, one of the "timing" issues the boys from AMD discussed was the "timing" to decide on the "timeline" for the project. The "timeline" decisions were "timed" to occur....now. 2H07. In otherwords...physical progress = nil. They havent even broken gound, let alone submitted construction/building plans to NYS. Sorry folks.
Also, dont forget the whole 'going fabless' thing.....though as late as this month, that was reported to be a misunderstood 200 mm wafer equipment sale to TMSC that blossomed out of proportion....at least according to fabtech.
Then theres the whole 'asset lite' concept that is married to the fabless rumours, which was also addressed at the May meeting.
In short, AMD is still at least 3 years away from another productive fab, anywhere, and thus any significant capacity increase...unless of course they buy one of Intels old fabs or TMSC devotes itself soley to AMD
(If you were TMSC, or any contract foundry for that matter, would you put all of your eggs in the AMD basket right now?

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Interestingly, at that same May meeting, the good ol' boys from AMD said AMD would be interested in opening an additional 1 or 2 plants in NY.
Now that sounds more like the AMD of 2007 and Hector/Henri!!! Hole not big enough? Open your mouth...Dig deeper!!!
Of course, when the government is subsidisizing you to the tune of $833000 for every $35000 per year job created courtesy of the taxpayers, who cares???, its not your money....spend all you want.