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Article: RUIZ STAR POWER IS LOST.(Main)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- November 8, 2009
CopyrightCOPYRIGHT 2009 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MALTA -- Hector Ruiz was one of the rock stars of the Capital Region's growing technology economy.
He was a friend of governors and political and business heavyweights. But the former chief executive of Advanced Micro Devices Inc. doesn't have many backers here now, after being linked to a $20 million insider trading scandal involving two Wall Street hedge fund firms.
Ruiz came to Albany three years ago and committed Sunnyvale, Calif.-based AMD to what has become a $4.2 billion computer chip factory at Luther Forest Technology Campus in Malta. As an incentive, the project received more than $1.3 billion in state subsidies.
And Ruiz was the one ...