The AMD Tech­no­star R&D cam­pus in Ben­g­alu­ru is part of the $400 mil­li­on India invest­ment announ­ced by the com­pa­ny at Semi­con 2023 —

— The 500,000-square-foot cam­pus plans to host appro­xi­m­ate­ly 3000 engineers —

Ben­g­alu­ru, India – Novem­ber 28, 2023 – AMD (NASDAQ: AMD) today inau­gu­ra­ted its lar­gest glo­bal design cen­ter in Ben­g­alu­ru, mar­king a mile­stone in the company’s com­mit­ment to expand rese­arch, deve­lo­p­ment, and engi­nee­ring ope­ra­ti­ons in India. The sta­te-of-the-art cam­pus plans to host appro­xi­m­ate­ly 3,000 AMD engi­neers in the coming years, focu­sed on the design and deve­lo­p­ment of semi­con­duc­tor tech­no­lo­gy inclu­ding 3D stack­ing, arti­fi­ci­al intel­li­gence, machi­ne lear­ning, and more.

The cam­pus was inau­gu­ra­ted by Ashwi­ni Vaish­naw, Uni­on Cabi­net Minis­ter for Rail­ways, Tele­com­mu­ni­ca­ti­ons, Elec­tro­nics and Infor­ma­ti­on Tech­no­lo­gy, Govern­ment of India. AMD exe­cu­ti­ve lea­ders inclu­ding Mark Paper­mas­ter, exe­cu­ti­ve vice pre­si­dent and chief tech­no­lo­gy offi­cer; David Wang, seni­or vice pre­si­dent of GPU tech­no­lo­gies and engi­nee­ring; Bri­an Amick, seni­or vice pre­si­dent of cen­tral engi­nee­ring; and Andrej Zdrav­ko­vic, chief soft­ware offi­cer and seni­or vice pre­si­dent of GPU tech­no­lo­gies along with the AMD India lea­der­ship team were present.

The AMD Tech­no­star cam­pus is part of the company’s $400 mil­li­on invest­ment in India over the next five years, announ­ced at Semi­con India 2023. The cam­pus will ser­ve as a cent­re of excel­lence for the deve­lo­p­ment of lea­der­ship pro­ducts across high-per­for­mance CPUs for the data cen­ter and PCs, data cen­ter and gam­ing GPUs, and adap­ti­ve SoCs and FPGAs for embedded devices.

The 500,000-square-foot cam­pus and office space cele­bra­tes Indi­an art and craft, with hudd­le spaces and con­fe­rence rooms desi­gned to fos­ter col­la­bo­ra­ti­on and crea­ti­vi­ty. The space fea­tures modern R&D labs spread over 60,000-square-feet and a lar­ge demo cent­re for visi­tors to expe­ri­ence AMD pro­ducts and solu­ti­ons. The cam­pus also includes a cafe­te­ria acou­sti­cal­ly engi­nee­red to host gathe­rings of more than 2000 employees and a gym and a yoga cent­re to pro­mo­te the holi­stic health and well-being of AMD employees.

Ashwi­ni Vaish­naw, Minis­ter for Rail­ways, Com­mu­ni­ca­ti­ons & Elec­tro­nics and Infor­ma­ti­on Tech­no­lo­gy, Govern­ment of India said, “India’s semi­con­duc­tor pro­gram laun­ched under the lea­der­ship of Hono­ura­ble Prime Minis­ter Naren­dra Modi lays strong empha­sis on sup­port­ing the design and talent eco­sys­tem for semi­con­duc­tors. AMD set­ting up its lar­gest design cen­ter in Ben­g­alu­ru is a tes­ta­ment to the con­fi­dence glo­bal com­pa­nies have in India.”

Mark Paper­mas­ter, Exe­cu­ti­ve Vice Pre­si­dent and Chief Tech­no­lo­gy Offi­cer, AMD said, “We are plea­sed to inau­gu­ra­te our lar­gest glo­bal design cen­ter in Ben­g­alu­ru today. This invest­ment streng­thens our rela­ti­onship with India and show­ca­ses our con­fi­dence in the excep­tio­nal engi­nee­ring talent that the coun­try has to offer. The relent­less pur­su­it of engi­nee­ring excel­lence and inno­va­ti­on is the cor­ner­stone of our suc­cess. This new design cen­ter will help pro­pel tech­no­lo­gy and pro­duct deve­lo­p­ment across the AMD port­fo­lio, fue­ling the next gene­ra­ti­on of high per­for­mance, adap­ti­ve and AI com­pu­ting solu­ti­ons for our cus­to­mers around the world.”

Jaya Jaga­dish, India Coun­try Head, AMD said, “The India Design Cent­re star­ted with a handful of employees in 2004. Today, 25% of AMD’s glo­bal work­force is loca­ted in India and they sup­port the deve­lo­p­ment of AMD lea­der­ship pro­ducts for data cen­ter, gam­ing, PC and embedded cus­to­mers. This new faci­li­ty marks the next mile­stone in our growth jour­ney to be a signi­fi­cant con­tri­bu­tor in the advance­ment of semiconductors.”

Deepak Agar­wal, Ben­g­alu­ru Site Lead, AMD said, “I feel extre­me­ly proud to be the site head of our new Tech­no­star cam­pus. It is more than just a sta­te-of-the-art buil­ding. It is the embo­di­ment of our mis­si­on to build gre­at pro­ducts that acce­le­ra­te next gene­ra­ti­on com­pu­ting expe­ri­en­ces. The cam­pus will pro­vi­de a gre­at workspace for our India teams to be crea­ti­ve and inno­va­ti­ve in their pur­su­it to sup­port the company’s growth as a high per­for­mance and adap­ti­ve com­pu­ting leader.”

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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 add appro­xi­m­ate­ly 3,000 AMD engi­neers to the AMD Tech­no­star R&D cam­pus and the expec­ted timing, acti­vi­ties, fea­tures and bene­fits rela­ted to the new R&D cam­pus, 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; 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 ope­ra­ting AMD’s new­ly upgraded 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, memo­ry 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 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; 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 and eco­no­mic risks and natu­ral dis­as­ters; future impairm­ents of tech­no­lo­gy licen­se purcha­ses; AMD’s abili­ty to attract and retain qua­li­fied per­son­nel; and AMD’s stock pri­ce vola­ti­li­ty. 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.

CAUTIONARY STATEMENT

This press release con­ta­ins for­ward-loo­king state­ments con­cer­ning Advan­ced Micro Devices, Inc. (AMD) such as AMD’s plans to add appro­xi­m­ate­ly 3,000 AMD engi­neers to the AMD Tech­no­star R&D cam­pus and the expec­ted timing, acti­vi­ties, fea­tures and bene­fits rela­ted to the new R&D cam­pus, 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; 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 ope­ra­ting AMD’s new­ly upgraded 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, memo­ry 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 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; 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 and eco­no­mic risks and natu­ral dis­as­ters; future impairm­ents of tech­no­lo­gy licen­se purcha­ses; AMD’s abili­ty to attract and retain qua­li­fied per­son­nel; and AMD’s stock pri­ce vola­ti­li­ty. 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.