SUNNYVALE, CA — 02/20/14 – Advan­ced Micro Devices, Inc. (NYSE: AMD) today announ­ced that it com­men­ced a cash ten­der offer for up to $425,000,000 in aggre­ga­te prin­ci­pal amount of its out­stan­ding 6.00% Con­ver­ti­ble Seni­or Notes due 2015 (the “Notes”). AMD intends to finan­ce the purcha­se of the Notes ten­de­red in the ten­der offer with the net pro­ceeds from the clo­sing of AMD’s pri­va­te offe­ring of $500 mil­li­on of seni­or notes due 2019 (the “New Notes Offe­ring”), which was sepa­ra­te­ly announ­ced by AMD today.

The ten­der offer will expi­re at 12:00 mid­night, New York City time, on March 19, 2014, unless exten­ded (such date and time, as it may be exten­ded, the “Expi­ra­ti­on Date”) or ear­lier ter­mi­na­ted by AMD. Hol­ders who valid­ly ten­der, and do not valid­ly with­draw, their Notes on or pri­or to the Expi­ra­ti­on Date will be entit­led to recei­ve $1,065 for each $1,000 prin­ci­pal amount of Notes purcha­sed in the ten­der offer, plus accrued and unpaid inte­rest to, but not inclu­ding, the date of pay­ment for the Notes accept­ed for pay­ment. Ten­ders of Notes must be made on or pri­or to the Expi­ra­ti­on Date, and Notes may be with­drawn at any time on or pri­or to the Expi­ra­ti­on Date.

To the ext­ent that accep­tances of all valid­ly ten­de­red Notes would requi­re AMD to purcha­se more than $425,000,000 in aggre­ga­te prin­ci­pal amount of Notes in con­nec­tion with the ten­der offer, AMD will allo­ca­te accep­tances on a pro rata basis among the ten­de­ring holders.

The ten­der offer is con­tin­gent upon the satis­fac­tion of cer­tain con­di­ti­ons, inclu­ding the clo­sing of the New Notes Offe­ring, which will be sub­ject to cus­to­ma­ry clo­sing conditions.

Full details of the terms and con­di­ti­ons of the ten­der offer are included in the Offer to Purcha­se dated­Fe­bru­ary 20, 2014, and AMD’s Sche­du­le TO which have been filed with the Secu­ri­ties and Exch­an­ge Commission.

AMD has retai­ned BofA Mer­rill Lynch to act as the Dea­ler Mana­ger for the ten­der offer. Ques­ti­ons regar­ding the ten­der offer may be direc­ted to BofA Mer­rill Lynch at (888) 292‑0070 (toll-free) or (980) 387‑3907 (coll­ect). Requests for the Offer to Purcha­se and other docu­ments rela­ting to the ten­der offer may be direc­ted to MacKen­zie Part­ners, Inc., the Infor­ma­ti­on Agent and Depo­si­ta­ry in con­nec­tion with the ten­der offer, at (800) 322‑2885 (toll-free) or (212) 929‑5500 (coll­ect).

None of AMD, any mem­ber of its Board of Direc­tors, the Dea­ler Mana­ger or the Infor­ma­ti­on Agent/Depositary is making any recom­men­da­ti­on to hol­ders as to whe­ther to ten­der or refrain from ten­de­ring their Notes into the ten­der offer. Hol­ders must deci­de whe­ther they will ten­der in the offer and, if so, how many Notes they will tender.

This release is for infor­ma­ti­on pur­po­ses only and is neither an offer to purcha­se nor a soli­ci­ta­ti­on of an offer to sell the Notes or any other secu­ri­ties. The ten­der offer is only being made pur­su­ant to the ten­der offer docu­ments, inclu­ding the Offer to Purcha­se and the rela­ted let­ter of trans­mit­tal that AMD is dis­tri­bu­ting to hol­ders of the Notes. The ten­der offer is not being made to hol­ders in any juris­dic­tion in which the making or accep­tance the­reof would not be in com­pli­ance with the secu­ri­ties, blue sky or other laws of such jurisdiction.

About AMD

AMD (NYSE: AMD) is a semi­con­duc­tor design inno­va­tor lea­ding the next era of vivid digi­tal expe­ri­en­ces with its ground­brea­king AMD Acce­le­ra­ted Pro­ces­sing Units (APUs) that power a wide ran­ge of com­pu­ting devices. AMD’s ser­ver com­pu­ting pro­ducts are focu­sed on dri­ving indus­try-lea­ding cloud com­pu­ting and vir­tua­liza­ti­on envi­ron­ments. AMD’s supe­ri­or gra­phics tech­no­lo­gies are found in a varie­ty of solu­ti­ons ran­ging from game con­so­les, PCs to super­com­pu­ters. For more infor­ma­ti­on, visithttp://www.amd.com.

Cau­tio­na­ry Statement

This news release con­ta­ins “for­ward-loo­king” state­ments within the mea­ning of Sec­tion 21E of the Secu­ri­ties Exch­an­ge Act of 1934 and Sec­tion 27A of the Secu­ri­ties Act of 1933. For­ward-loo­king state­ments reflect cur­rent expec­ta­ti­ons and pro­jec­tions about future events, inclu­ding whe­ther the New Notes Offe­ring is com­ple­ted on the terms spe­ci­fied or at all, AMD’s anti­ci­pa­ted use of pro­ceeds the­r­e­f­rom and the timing and com­ple­ti­on of the ten­der offer, and thus invol­ve uncer­tain­ty and risk. It is pos­si­ble that future events, inclu­ding whe­ther the ten­der offer is com­ple­ted on the terms spe­ci­fied or at all, may dif­fer from expec­ta­ti­ons due to a varie­ty of risks and other fac­tors such as tho­se descri­bed in AMD’s Annu­al Report on Form 10‑K for the fis­cal year ended Decem­ber 28, 2013, as filed with the U.S. Secu­ri­ties and Exch­an­ge Com­mis­si­on. It is not pos­si­ble to fore­see or iden­ti­fy all such fac­tors. Any for­ward-loo­king state­ments in this news release are based on cer­tain assump­ti­ons and ana­ly­ses made in light of AMD’s expe­ri­ence and per­cep­ti­on of his­to­ri­cal trends, cur­rent con­di­ti­ons, expec­ted future deve­lo­p­ments, and other fac­tors it belie­ves are appro­pria­te in the cir­cum­s­tances. For­ward-loo­king state­ments are not a gua­ran­tee of future per­for­mance and actu­al results or deve­lo­p­ments may dif­fer mate­ri­al­ly from expec­ta­ti­ons. AMD does not intend to update any par­ti­cu­lar for­ward-loo­king state­ments con­tai­ned in this news release.

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.