AMD Announces Plan to Invest $135 Million to Expand Adaptive Computing Research, Development and Engineering Operations in Ireland

Invest짯ment aims to add up to 290 new jobs and fund R&D pro짯jects for next gene짯ra짯ti짯on AI, Data Cent짯re, Net짯wor짯king and 6G Com짯mu짯ni짯ca짯ti짯ons Infrastructure 

DUBLIN, Ire짯land, June 21, 2023 (GLOBE NEWSWIRE) AMD (NASDAQ: AMD) today announ짯ced plans for con짯tin짯ued growth in Ire짯land through an invest짯ment of up to $135 mil짯li짯on over four years. The invest짯ment is inten짯ded to fund seve짯ral stra짯te짯gic R&D pro짯jects through the addi짯ti짯on of up to 290 high짯ly skil짯led engi짯nee짯ring and rese짯arch posi짯ti짯ons, as well as a broad ran짯ge of addi짯tio짯nal sup짯port roles.

The deve짯lo짯p짯ment is being for짯mal짯ly announ짯ced in Dub짯lin today by Minis짯ter for Enter짯pri짯se, Trade and Employ짯ment, Simon Cove짯ney TD, and Ruth Cot짯ter, seni짯or vice pre짯si짯dent, Mar짯ke짯ting, Com짯mu짯ni짯ca짯ti짯ons and Human Resour짯ces at AMD. The new invest짯ment is sup짯port짯ed by the Irish govern짯ment through IDA Ireland.

I warm짯ly wel짯co짯me the ambi짯tious plans of AMD to expand their advan짯ced R&D and engi짯nee짯ring ope짯ra짯ti짯ons in Ire짯land. This signi짯fi짯cant invest짯ment will not only bols짯ter our thri짯ving tech짯no짯lo짯gy sec짯tor but also crea짯te long-term care짯er oppor짯tu짯ni짯ties for both high짯ly expe짯ri짯en짯ced pro짯fes짯sio짯nals and new gra짯dua짯tes from engi짯nee짯ring disci짯pli짯nes. The company셲 plans to add up to 290 new posi짯ti짯ons and its fun짯ding of stra짯te짯gi짯cal짯ly important R&D pro짯jects demons짯tra짯te its con짯fi짯dence in Ireland셲 sup짯port짯i짯ve enter짯pri짯se envi짯ron짯ment and infra짯struc짯tu짯re. The Irish govern짯ment, through IDA Ire짯land, is deligh짯ted to sup짯port this expan짯si짯on, fur짯ther soli짯di짯fy짯ing our com짯mit짯ment to nur짯tu짯ring a vibrant eco짯sys짯tem for rese짯arch, deve짯lo짯p짯ment, and engi짯nee짯ring, said Simon Cove짯ney TD, Minis짯ter for Enter짯pri짯se, Trade and Employment.

From the cloud and PCs to com짯mu짯ni짯ca짯ti짯ons and intel짯li짯gent end points, AMD셲 high-per짯for짯mance and adap짯ti짯ve com짯pu짯ting solu짯ti짯ons play an incre짯asing짯ly lar짯ger role in sha짯ping the future of com짯pu짯ting today. For near짯ly three deca짯des, Ire짯land has been a flag짯ship Euro짯pean R&D cent짯re deve짯lo짯ping adap짯ti짯ve com짯pu짯ting solu짯ti짯ons, dra짯wing from a strong and high짯ly-skil짯led work짯force. By fur짯ther inves짯t짯ing and expan짯ding our pre짯sence in Dub짯lin and Cork, we are com짯mit짯ted to con짯ti짯nuing to both dri짯ve inno짯va짯ti짯on in Ire짯land and to sup짯port the Euro짯pean semi짯con짯duc짯tor eco짯sys짯tem. Through this invest짯ment, our R&D teams in Ire짯land will design inno짯va짯ti짯ve high-per짯for짯mance and adap짯ti짯ve com짯pu짯ting engi짯nes to acce짯le짯ra짯te data cent짯re, net짯wor짯king, 6G com짯mu짯ni짯ca짯ti짯ons and embedded solu짯ti짯ons while taking a lea짯der짯ship posi짯ti짯on on arti짯fi짯ci짯al intel짯li짯gence, said Ruth Cot짯ter, seni짯or vice pre짯si짯dent, Mar짯ke짯ting, Com짯mu짯ni짯ca짯ti짯ons and Human Resour짯ces at AMD.

Pri짯or to the acqui짯si짯ti짯on of Xilinx by AMD in 2022, Xilinx part짯ne짯red with IDA Ire짯land on a num짯ber of occa짯si짯ons to advan짯ce semi짯con짯duc짯tor inno짯va짯ti짯on in Ire짯land. Most recent짯ly, in 2017, Xilinx announ짯ced a $40 mil짯li짯on invest짯ment to expand its rese짯arch, deve짯lo짯p짯ment and engi짯nee짯ring ope짯ra짯ti짯ons, as well as recruit over 100 new skil짯led employees.

This invest짯ment will con짯ti짯nue to push the boun짯da짯ries of what is pos짯si짯ble while con짯tri짯bu짯ting fur짯ther to Ireland셲 posi짯ti짯on as a glo짯bal tech짯no짯lo짯gy lea짯der. This expan짯si짯on fur짯ther streng짯thens the company셲 pre짯sence in Ire짯land as a lea짯ding cent짯re of semi짯con짯duc짯tor inno짯va짯ti짯on and puts Ire짯land at the heart of AMD셲 Euro짯pean rese짯arch and engi짯nee짯ring ope짯ra짯ti짯ons. IDA Ire짯land has been proud to sup짯port AMD and pre짯vious짯ly Xilinx for near짯ly three deca짯des and is com짯mit짯ted to sup짯port짯ing invest짯ments of sca짯le that impact posi짯tively on Europe셲 semi짯con짯duc짯tor indus짯try, said Micha짯el Lohan, chief exe짯cu짯ti짯ve offi짯cer, IDA Ireland.

The Irish site was first estab짯lished in 1994 as the first pur짯po짯se-built Xilinx site out짯side of the U.S. and began its ope짯ra짯ti짯ons a year later with a focus on manu짯fac짯tu짯ring, ope짯ra짯ti짯ons sup짯port, engi짯nee짯ring and admi짯nis짯tra짯ti짯on ser짯vices. Sin짯ce the acqui짯si짯ti짯on of Xilinx, Ire짯land is now home to one of the lar짯gest AMD R&D sites in Euro짯pe with a strong record of deli짯ve짯ring pro짯ducts with signi짯fi짯cant com짯mer짯cial suc짯cess, such as the AMD Zynq꽓 UltraS짯ca짯le+꽓 RFSoC semi짯con짯duc짯tor pro짯duct family.

About AMD
For more than 50 years AMD has dri짯ven inno짯va짯ti짯on in high-per짯for짯mance com짯pu짯ting, gra짯phics and visua짯liza짯ti짯on tech짯no짯lo짯gies. Bil짯li짯ons of peo짯p짯le, lea짯ding For짯tu짯ne 500 busi짯nesses and cut짯ting-edge sci짯en짯ti짯fic rese짯arch insti짯tu짯ti짯ons around the world rely on AMD tech짯no짯lo짯gy dai짯ly to impro짯ve how they live, work and play. AMD employees are focu짯sed on buil짯ding lea짯der짯ship high-per짯for짯mance and adap짯ti짯ve pro짯ducts that push the boun짯da짯ries of what is pos짯si짯ble. For more infor짯ma짯ti짯on about how AMD is enab짯ling today and inspi짯ring tomor짯row, visit the AMD (NASDAQ: AMD) web짯site, blog, Lin짯ke짯dIn and Twit짯ter pages.

CAUTIONARY STATEMENT

This press release con짯ta짯ins for짯ward-loo짯king state짯ments con짯cer짯ning Advan짯ced Micro Devices, Inc. (AMD) such as AMD셲 plans to invest $135 mil짯li짯on over the next four years to fund R&D pro짯jects; AMD셲 plans to add up to 290 engi짯nee짯ring, rese짯arch, and sup짯port posi짯ti짯ons; expec짯ted growth of AMD in Ire짯land; and the expec짯ted acti짯vi짯ties of AMD셲 R&D and engi짯nee짯ring ope짯ra짯ti짯ons in Ire짯land, which are made pur짯su짯ant to the Safe Har짯bor pro짯vi짯si짯ons of the Pri짯va짯te Secu짯ri짯ties Liti짯ga짯ti짯on Reform Act of 1995. For짯ward-loo짯king state짯ments are com짯mon짯ly iden짯ti짯fied by words such as 쐗ould, 쐌ay, 쐃xpects, 쐀elie짯ves, 쐏lans, 쐇ntends, 쐏ro짯jects and other terms with simi짯lar mea짯ning. Inves짯tors are cau짯tio짯ned that the for짯ward-loo짯king state짯ments in this press release are based on cur짯rent beliefs, assump짯ti짯ons and expec짯ta짯ti짯ons, speak only as of the date of this press release and invol짯ve risks and uncer짯tain짯ties that could cau짯se actu짯al results to dif짯fer mate짯ri짯al짯ly from cur짯rent expec짯ta짯ti짯ons. Such state짯ments are sub짯ject to cer짯tain known and unknown risks and uncer짯tain짯ties, many of which are dif짯fi짯cult to pre짯dict and gene짯ral짯ly bey짯ond AMD셲 con짯trol, that could cau짯se actu짯al results and other future events to dif짯fer mate짯ri짯al짯ly from tho짯se expres짯sed in, or impli짯ed or pro짯jec짯ted by, the for짯ward-loo짯king infor짯ma짯ti짯on and state짯ments. Mate짯ri짯al fac짯tors that could cau짯se actu짯al results to dif짯fer mate짯ri짯al짯ly from cur짯rent expec짯ta짯ti짯ons include, wit짯hout limi짯ta짯ti짯on, the fol짯lo짯wing: Intel Corporation셲 domi짯nan짯ce of the micro짯pro짯ces짯sor mar짯ket and its aggres짯si짯ve busi짯ness prac짯ti짯ces; glo짯bal eco짯no짯mic uncer짯tain짯ty; cycli짯cal natu짯re of the semi짯con짯duc짯tor indus짯try; mar짯ket con짯di짯ti짯ons of the indus짯tries in which AMD pro짯ducts are sold; loss of a signi짯fi짯cant cus짯to짯mer; impact of the COVID-19 pan짯de짯mic on AMD셲 busi짯ness, finan짯cial con짯di짯ti짯on and results of ope짯ra짯ti짯ons; com짯pe짯ti짯ti짯ve mar짯kets in which AMD셲 pro짯ducts are sold; quar짯ter짯ly and sea짯so짯nal sales pat짯terns; AMD셲 abili짯ty to ade짯qua짯te짯ly pro짯tect its tech짯no짯lo짯gy or other intellec짯tu짯al pro짯per짯ty; unfa짯vorable cur짯ren짯cy exch짯an짯ge rate fluc짯tua짯tions; abili짯ty of third par짯ty manu짯fac짯tu짯r짯ers to manu짯fac짯tu짯re AMD셲 pro짯ducts on a time짯ly basis in suf짯fi짯ci짯ent quan짯ti짯ties and using com짯pe짯ti짯ti짯ve tech짯no짯lo짯gies; avai짯la짯bi짯li짯ty of essen짯ti짯al equip짯ment, mate짯ri짯als, sub짯stra짯tes or manu짯fac짯tu짯ring pro짯ces짯ses; abili짯ty to achie짯ve expec짯ted manu짯fac짯tu짯ring yields for AMD셲 pro짯ducts; AMD셲 abili짯ty to intro짯du짯ce pro짯ducts on a time짯ly basis with expec짯ted fea짯tures and per짯for짯mance levels; AMD셲 abili짯ty to gene짯ra짯te reve짯nue from its semi-cus짯tom SoC pro짯ducts; poten짯ti짯al secu짯ri짯ty vul짯nerabi짯li짯ties; poten짯ti짯al secu짯ri짯ty inci짯dents inclu짯ding IT outa짯ges, data loss, data brea짯ches and cyber-attacks; poten짯ti짯al dif짯fi짯cul짯ties in upgrading and ope짯ra짯ting AMD셲 new enter짯pri짯se resour짯ce plan짯ning sys짯tem; uncer짯tain짯ties invol짯ving the orde짯ring and ship짯ment of AMD셲 pro짯ducts; AMD셲 reli짯ance on third-par짯ty intellec짯tu짯al pro짯per짯ty to design and intro짯du짯ce new pro짯ducts in a time짯ly man짯ner; AMD셲 reli짯ance on third-par짯ty com짯pa짯nies for design, manu짯fac짯tu짯re and sup짯p짯ly of mother짯boards, soft짯ware and other com짯pu짯ter plat짯form com짯pon짯ents; AMD셲 reli짯ance on Micro짯soft and other soft짯ware ven짯dors sup짯port to design and deve짯lop soft짯ware to run on AMD셲 pro짯ducts; AMD셲 reli짯ance on third-par짯ty dis짯tri짯bu짯tors and add-in-board part짯ners; impact of modi짯fi짯ca짯ti짯on or inter짯rup짯ti짯on of AMD셲 inter짯nal busi짯ness pro짯ces짯ses and infor짯ma짯ti짯on sys짯tems; com짯pa짯ti짯bi짯li짯ty of AMD셲 pro짯ducts with some or all indus짯try-stan짯dard soft짯ware and hard짯ware; cos짯ts rela짯ted to defec짯ti짯ve pro짯ducts; effi짯ci짯en짯cy of AMD셲 sup짯p짯ly chain; AMD셲 abili짯ty to rely on third par짯ty sup짯p짯ly-chain logi짯stics func짯tions; AMD셲 abili짯ty to effec짯tively con짯trol sales of its pro짯ducts on the gray mar짯ket; impact of govern짯ment actions and regu짯la짯ti짯ons such as export admi짯nis짯tra짯ti짯on regu짯la짯ti짯ons, tariffs and trade pro짯tec짯tion mea짯su짯res; AMD셲 abili짯ty to rea짯li짯ze its defer짯red tax assets; poten짯ti짯al tax lia짯bi짯li짯ties; cur짯rent and future claims and liti짯ga짯ti짯on; impact of envi짯ron짯men짯tal laws, con짯flict mine짯rals-rela짯ted pro짯vi짯si짯ons and other laws or regu짯la짯ti짯ons; impact of acqui짯si짯ti짯ons, joint ven짯tures and/or invest짯ments on AMD셲 busi짯ness and AMD셲 abili짯ty to inte짯gra짯te acqui짯red busi짯nesses; impact of any impair짯ment of the com짯bi짯ned company셲 assets on the com짯bi짯ned company셲 finan짯cial posi짯ti짯on and results of ope짯ra짯ti짯on; rest짯ric짯tions impo짯sed by agree짯ments gover짯ning AMD셲 notes, the gua짯ran짯tees of Xilinx셲 notes and the revol짯ving cre짯dit faci짯li짯ty; AMD셲 indeb짯ted짯ness; AMD셲 abili짯ty to gene짯ra짯te suf짯fi짯ci짯ent cash to meet its working capi짯tal requi짯re짯ments or gene짯ra짯te suf짯fi짯ci짯ent reve짯nue and ope짯ra짯ting cash flow to make all of its plan짯ned R&D or stra짯te짯gic invest짯ments; poli짯ti짯cal, legal, eco짯no짯mic risks and natu짯ral dis짯as짯ters; future impairm짯ents of good짯will and tech짯no짯lo짯gy licen짯se purcha짯ses; AMD셲 abili짯ty to attract and retain qua짯li짯fied per짯son짯nel; AMD셲 stock pri짯ce vola짯ti짯li짯ty; and world짯wi짯de poli짯ti짯cal con짯di짯ti짯ons. Inves짯tors are urged to review in detail the risks and uncer짯tain짯ties in AMD셲 Secu짯ri짯ties and Exch짯an짯ge Com짯mis짯si짯on filings, inclu짯ding but not limi짯t짯ed to AMD셲 most recent reports on Forms 10멚 and 10멡.