— Invest­ment aims to add up to 290 new jobs and fund R&D pro­jects for next gene­ra­ti­on AI, Data Cent­re, Net­wor­king and 6G Com­mu­ni­ca­ti­ons Infrastructure —

DUBLIN, Ire­land, June 21, 2023 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announ­ced plans for con­tin­ued growth in Ire­land through an invest­ment of up to $135 mil­li­on over four years. The invest­ment is inten­ded to fund seve­ral stra­te­gic R&D pro­jects through the addi­ti­on of up to 290 high­ly skil­led engi­nee­ring and rese­arch posi­ti­ons, as well as a broad ran­ge of addi­tio­nal sup­port roles.

The deve­lo­p­ment is being for­mal­ly announ­ced in Dub­lin today by Minis­ter for Enter­pri­se, Trade and Employ­ment, Simon Cove­ney TD, and Ruth Cot­ter, seni­or vice pre­si­dent, Mar­ke­ting, Com­mu­ni­ca­ti­ons and Human Resour­ces at AMD. The new invest­ment is sup­port­ed by the Irish govern­ment through IDA Ireland.

“I warm­ly wel­co­me the ambi­tious plans of AMD to expand their advan­ced R&D and engi­nee­ring ope­ra­ti­ons in Ire­land. This signi­fi­cant invest­ment will not only bols­ter our thri­ving tech­no­lo­gy sec­tor but also crea­te long-term care­er oppor­tu­ni­ties for both high­ly expe­ri­en­ced pro­fes­sio­nals and new gra­dua­tes from engi­nee­ring disci­pli­nes. The company’s plans to add up to 290 new posi­ti­ons and its fun­ding of stra­te­gi­cal­ly important R&D pro­jects demons­tra­te its con­fi­dence in Ireland’s sup­port­i­ve enter­pri­se envi­ron­ment and infra­struc­tu­re. The Irish govern­ment, through IDA Ire­land, is deligh­ted to sup­port this expan­si­on, fur­ther soli­di­fy­ing our com­mit­ment to nur­tu­ring a vibrant eco­sys­tem for rese­arch, deve­lo­p­ment, and engi­nee­ring,” said Simon Cove­ney TD, Minis­ter for Enter­pri­se, Trade and Employment.

“From the cloud and PCs to com­mu­ni­ca­ti­ons and intel­li­gent end points, AMD’s high-per­for­mance and adap­ti­ve com­pu­ting solu­ti­ons play an incre­asing­ly lar­ger role in sha­ping the future of com­pu­ting today. For near­ly three deca­des, Ire­land has been a flag­ship Euro­pean R&D cent­re deve­lo­ping adap­ti­ve com­pu­ting solu­ti­ons, dra­wing from a strong and high­ly-skil­led work­force. By fur­ther inves­t­ing and expan­ding our pre­sence in Dub­lin and Cork, we are com­mit­ted to con­ti­nuing to both dri­ve inno­va­ti­on in Ire­land and to sup­port the Euro­pean semi­con­duc­tor eco­sys­tem. Through this invest­ment, our R&D teams in Ire­land will design inno­va­ti­ve high-per­for­mance and adap­ti­ve com­pu­ting engi­nes to acce­le­ra­te data cent­re, net­wor­king, 6G com­mu­ni­ca­ti­ons and embedded solu­ti­ons while taking a lea­der­ship posi­ti­on on arti­fi­ci­al intel­li­gence,” said Ruth Cot­ter, seni­or vice pre­si­dent, Mar­ke­ting, Com­mu­ni­ca­ti­ons and Human Resour­ces at AMD.

Pri­or to the acqui­si­ti­on of Xilinx by AMD in 2022, Xilinx part­ne­red with IDA Ire­land on a num­ber of occa­si­ons to advan­ce semi­con­duc­tor inno­va­ti­on in Ire­land. Most recent­ly, in 2017, Xilinx announ­ced a $40 mil­li­on invest­ment to expand its rese­arch, deve­lo­p­ment and engi­nee­ring ope­ra­ti­ons, as well as recruit over 100 new skil­led employees.

“This invest­ment will con­ti­nue to push the boun­da­ries of what is pos­si­ble while con­tri­bu­ting fur­ther to Ireland’s posi­ti­on as a glo­bal tech­no­lo­gy lea­der. This expan­si­on fur­ther streng­thens the company’s pre­sence in Ire­land as a lea­ding cent­re of semi­con­duc­tor inno­va­ti­on and puts Ire­land at the heart of AMD’s Euro­pean rese­arch and engi­nee­ring ope­ra­ti­ons. IDA Ire­land has been proud to sup­port AMD and pre­vious­ly Xilinx for near­ly three deca­des and is com­mit­ted to sup­port­ing invest­ments of sca­le that impact posi­tively on Europe’s semi­con­duc­tor indus­try,” said Micha­el Lohan, chief exe­cu­ti­ve offi­cer, IDA Ireland.

The Irish site was first estab­lished in 1994 as the first pur­po­se-built Xilinx site out­side of the U.S. and began its ope­ra­ti­ons a year later with a focus on manu­fac­tu­ring, ope­ra­ti­ons sup­port, engi­nee­ring and admi­nis­tra­ti­on ser­vices. Sin­ce the acqui­si­ti­on of Xilinx, Ire­land is now home to one of the lar­gest AMD R&D sites in Euro­pe with a strong record of deli­ve­ring pro­ducts with signi­fi­cant com­mer­cial suc­cess, such as the AMD Zynq™ UltraS­ca­le+™ RFSoC semi­con­duc­tor pro­duct family.

About AMD
For more than 50 years AMD has dri­ven inno­va­ti­on in high-per­for­mance com­pu­ting, gra­phics and visua­liza­ti­on tech­no­lo­gies. Bil­li­ons of peo­p­le, lea­ding For­tu­ne 500 busi­nesses and cut­ting-edge sci­en­ti­fic rese­arch insti­tu­ti­ons around the world rely on AMD tech­no­lo­gy dai­ly to impro­ve how they live, work and play. AMD employees are focu­sed on buil­ding lea­der­ship high-per­for­mance and adap­ti­ve pro­ducts that push the boun­da­ries of what is pos­si­ble. For more infor­ma­ti­on about how AMD is enab­ling today and inspi­ring tomor­row, visit the AMD (NASDAQ: AMD) web­site, blog, Lin­ke­dIn and Twit­ter pages.

CAUTIONARY STATEMENT

This press release con­ta­ins for­ward-loo­king state­ments con­cer­ning Advan­ced Micro Devices, Inc. (AMD) such as AMD’s plans to invest $135 mil­li­on over the next four years to fund R&D pro­jects; AMD’s plans to add up to 290 engi­nee­ring, rese­arch, and sup­port posi­ti­ons; expec­ted growth of AMD in Ire­land; and the expec­ted acti­vi­ties of AMD’s R&D and engi­nee­ring ope­ra­ti­ons in Ire­land, which are made pur­su­ant to the Safe Har­bor pro­vi­si­ons of the Pri­va­te Secu­ri­ties Liti­ga­ti­on Reform Act of 1995. For­ward-loo­king state­ments are com­mon­ly iden­ti­fied by words such as “would,” “may,” “expects,” “belie­ves,” “plans,” “intends,” “pro­jects” and other terms with simi­lar mea­ning. Inves­tors are cau­tio­ned that the for­ward-loo­king state­ments in this press release are based on cur­rent beliefs, assump­ti­ons and expec­ta­ti­ons, speak only as of the date of this press release and invol­ve risks and uncer­tain­ties that could cau­se actu­al results to dif­fer mate­ri­al­ly from cur­rent expec­ta­ti­ons. Such state­ments are sub­ject to cer­tain known and unknown risks and uncer­tain­ties, many of which are dif­fi­cult to pre­dict and gene­ral­ly bey­ond AMD’s con­trol, that could cau­se actu­al results and other future events to dif­fer mate­ri­al­ly from tho­se expres­sed in, or impli­ed or pro­jec­ted by, the for­ward-loo­king infor­ma­ti­on and state­ments. Mate­ri­al fac­tors that could cau­se actu­al results to dif­fer mate­ri­al­ly from cur­rent expec­ta­ti­ons include, wit­hout limi­ta­ti­on, the fol­lo­wing: Intel Corporation’s domi­nan­ce of the micro­pro­ces­sor mar­ket and its aggres­si­ve busi­ness prac­ti­ces; glo­bal eco­no­mic uncer­tain­ty; cycli­cal natu­re of the semi­con­duc­tor indus­try; mar­ket con­di­ti­ons of the indus­tries in which AMD pro­ducts are sold; loss of a signi­fi­cant cus­to­mer; impact of the COVID-19 pan­de­mic on AMD’s busi­ness, finan­cial con­di­ti­on and results of ope­ra­ti­ons; com­pe­ti­ti­ve mar­kets in which AMD’s pro­ducts are sold; quar­ter­ly and sea­so­nal sales pat­terns; AMD’s abili­ty to ade­qua­te­ly pro­tect its tech­no­lo­gy or other intellec­tu­al pro­per­ty; unfa­vorable cur­ren­cy exch­an­ge rate fluc­tua­tions; abili­ty of third par­ty manu­fac­tu­r­ers to manu­fac­tu­re AMD’s pro­ducts on a time­ly basis in suf­fi­ci­ent quan­ti­ties and using com­pe­ti­ti­ve tech­no­lo­gies; avai­la­bi­li­ty of essen­ti­al equip­ment, mate­ri­als, sub­stra­tes or manu­fac­tu­ring pro­ces­ses; abili­ty to achie­ve expec­ted manu­fac­tu­ring yields for AMD’s pro­ducts; AMD’s abili­ty to intro­du­ce pro­ducts on a time­ly basis with expec­ted fea­tures and per­for­mance levels; AMD’s abili­ty to gene­ra­te reve­nue from its semi-cus­tom SoC pro­ducts; poten­ti­al secu­ri­ty vul­nerabi­li­ties; poten­ti­al secu­ri­ty inci­dents inclu­ding IT outa­ges, data loss, data brea­ches and cyber-attacks; poten­ti­al dif­fi­cul­ties in upgrading and ope­ra­ting AMD’s new enter­pri­se resour­ce plan­ning sys­tem; uncer­tain­ties invol­ving the orde­ring and ship­ment of AMD’s pro­ducts; AMD’s reli­ance on third-par­ty intellec­tu­al pro­per­ty to design and intro­du­ce new pro­ducts in a time­ly man­ner; AMD’s reli­ance on third-par­ty com­pa­nies for design, manu­fac­tu­re and sup­p­ly of mother­boards, soft­ware and other com­pu­ter plat­form com­pon­ents; AMD’s reli­ance on Micro­soft and other soft­ware ven­dors’ sup­port to design and deve­lop soft­ware to run on AMD’s pro­ducts; AMD’s reli­ance on third-par­ty dis­tri­bu­tors and add-in-board part­ners; impact of modi­fi­ca­ti­on or inter­rup­ti­on of AMD’s inter­nal busi­ness pro­ces­ses and infor­ma­ti­on sys­tems; com­pa­ti­bi­li­ty of AMD’s pro­ducts with some or all indus­try-stan­dard soft­ware and hard­ware; cos­ts rela­ted to defec­ti­ve pro­ducts; effi­ci­en­cy of AMD’s sup­p­ly chain; AMD’s abili­ty to rely on third par­ty sup­p­ly-chain logi­stics func­tions; AMD’s abili­ty to effec­tively con­trol sales of its pro­ducts on the gray mar­ket; impact of govern­ment actions and regu­la­ti­ons such as export admi­nis­tra­ti­on regu­la­ti­ons, tariffs and trade pro­tec­tion mea­su­res; AMD’s abili­ty to rea­li­ze its defer­red tax assets; poten­ti­al tax lia­bi­li­ties; cur­rent and future claims and liti­ga­ti­on; impact of envi­ron­men­tal laws, con­flict mine­rals-rela­ted pro­vi­si­ons and other laws or regu­la­ti­ons; impact of acqui­si­ti­ons, joint ven­tures and/or invest­ments on AMD’s busi­ness and AMD’s abili­ty to inte­gra­te acqui­red busi­nesses; impact of any impair­ment of the com­bi­ned company’s assets on the com­bi­ned company’s finan­cial posi­ti­on and results of ope­ra­ti­on; rest­ric­tions impo­sed by agree­ments gover­ning AMD’s notes, the gua­ran­tees of Xilinx’s notes and the revol­ving cre­dit faci­li­ty; AMD’s indeb­ted­ness; AMD’s abili­ty to gene­ra­te suf­fi­ci­ent cash to meet its working capi­tal requi­re­ments or gene­ra­te suf­fi­ci­ent reve­nue and ope­ra­ting cash flow to make all of its plan­ned R&D or stra­te­gic invest­ments; poli­ti­cal, legal, eco­no­mic risks and natu­ral dis­as­ters; future impairm­ents of good­will and tech­no­lo­gy licen­se purcha­ses; AMD’s abili­ty to attract and retain qua­li­fied per­son­nel; AMD’s stock pri­ce vola­ti­li­ty; and world­wi­de poli­ti­cal con­di­ti­ons. Inves­tors are urged to review in detail the risks and uncer­tain­ties in AMD’s Secu­ri­ties and Exch­an­ge Com­mis­si­on filings, inclu­ding but not limi­t­ed to AMD’s most recent reports on Forms 10‑K and 10‑Q.