The factory will be completed in 2012 and will be equipped to use a 28-nanometer process to make chips. This is expected to get even smaller to a 22nm process once it moves into full production.
Even though GlobalFoundries is related to AMD, they won't be restricted to just producing AMD processors. They may also work on NEC, Toshiba and IBM models. This is good news for those hoping for cooler-running and more power-saving chips in the near future.