— Investment expected to create largest AMD design center with addition of approximately 3,000 engineering roles and new Bangalore campus opening before end of 2023 —

GANDHINAGAR, India, July 28, 2023 (GLOBE NEWSWIRE) — Semi­con­In­dia 2023 — AMD (NASDAQ: AMD) today announ­ced plans for con­tin­ued growth in India through an appro­xi­ma­te $400M invest­ment over the next five years. The plan­ned invest­ment includes a new AMD cam­pus in Banga­lo­re, Kar­na­ta­ka that will ser­ve as the company’s lar­gest design cen­ter, as well as the addi­ti­on of appro­xi­m­ate­ly 3,000 new engi­nee­ring roles by the end of 2028.

The new AMD cam­pus is expec­ted to open befo­re the end of 2023 and will fea­ture exten­si­ve lab space, sta­te-of-the-art col­la­bo­ra­ti­on tools and sea­ting con­fi­gu­ra­ti­ons desi­gned to fos­ter team­work. The invest­ment is sup­port­ed by the various poli­cy initia­ti­ves of the Govern­ment of India focu­sed on the semi­con­duc­tor industry.

“We wel­co­me the AMD plan to expand its lea­ding-edge R&D engi­nee­ring ope­ra­ti­ons in India,” said Mr. Ashwi­ni Vaish­naw, Uni­on Cabi­net Minis­ter for Rail­ways, Tele­com­mu­ni­ca­ti­ons, Elec­tro­nics and Infor­ma­ti­on Tech­no­lo­gy, Govern­ment of India.

“I wel­co­me AMD’s decis­i­on to set up its lar­gest R&D design cen­ter in India and expan­si­on of the India-AMD part­ner­ship. It will cer­tain­ly play an important role in buil­ding a world class semi­con­duc­tor design and inno­va­ti­on eco­sys­tem. It will also pro­vi­de tre­men­dous oppor­tu­ni­ties for our lar­ge pool of high­ly skil­led semi­con­duc­tor engi­neers and rese­ar­chers and will cata­ly­se PM Naren­dra Modi’s visi­on of India beco­ming a glo­bal talent hub,” said Mr. Rajeev Chandra­sek­har, Minis­ter of Sta­te for Elec­tro­nics and IT, Skill Deve­lo­p­ment and Entrepreneurship.

“From a handful of employees in 2001 to more than 6,500 employees today, AMD has grown its India foot­print based on the strong foun­da­ti­on estab­lished by our local lea­der­ship and the high­ly skil­led talent pool,” said Mark Paper­mas­ter, exe­cu­ti­ve vice pre­si­dent and chief tech­no­lo­gy offi­cer, AMD. “AMD has one of the industry’s broa­dest pro­duct port­fo­li­os fue­led by growth in arti­fi­ci­al intel­li­gence, net­wor­king and 6G com­mu­ni­ca­ti­ons, and our India teams will con­ti­nue to play a pivo­tal role in deli­ve­ring the high-per­for­mance and adap­ti­ve solu­ti­ons that sup­port AMD cus­to­mers world­wi­de. “By fur­ther inves­t­ing and expan­ding our pre­sence in Banga­lo­re, we are com­mit­ted to dri­ving inno­va­ti­on in India to sup­port the India Semi­con­duc­tor Mission.”

AMD has been an acti­ve part of the semi­con­duc­tor eco­sys­tem in India sin­ce 2001 when the company’s first site was estab­lished in New Delhi. The new 500,000-square-foot Banga­lo­re cam­pus will increase the AMD office foot­print to 10 total loca­ti­ons across the­se cities: Banga­lo­re, Delhi, Gur­gaon, Hyde­r­a­bad and Mumbai.

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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 appro­xi­m­ate­ly $400 mil­li­on over the next five years India; the expec­ted bene­fits of AMD’s invest­ment in India; the expec­ted timing, acti­vi­ties, fea­tures and bene­fits of AMD’s new cam­pus in Banga­lo­re, Kama­ta­ka; and AMD’s plans to add approximately3,000 new engi­nee­ring roles by the end of 2028, 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 AMD’s tan­gi­ble, defi­ni­te-lived or inde­fi­ni­te-lived intan­gi­ble assets, inclu­ding good­will, on AMD’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, as well as the impact of finan­cial insti­tu­ti­on fail­ure on AMD’s cash and cash equi­va­lents; poli­ti­cal, legal, eco­no­mic risks and natu­ral dis­as­ters; future impairm­ents of 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.

AMD, the AMD Arrow logo, and com­bi­na­ti­ons the­reof, are trade­marks of Advan­ced Micro Devices, Inc. Other names are for infor­ma­tio­nal pur­po­ses only and may be trade­marks of their respec­ti­ve owners.