SUNNYVALE, Calif. 10/8/2014

AMD (NYSE: AMD) today announ­ced that its board of direc­tors has appoin­ted Dr. Lisa Su as pre­si­dent and chief exe­cu­ti­ve offi­cer and mem­ber of the board of direc­tors, effec­ti­ve imme­dia­te­ly. Dr. Su, 44, suc­ceeds Rory Read, 52, who has step­ped down as pre­si­dent and chief exe­cu­ti­ve offi­cer, and mem­ber of the board of direc­tors, as part of a tran­si­ti­on plan. Read will sup­port the tran­si­ti­on in an advi­so­ry role, remai­ning with the com­pa­ny through the end of 2014.

“Lea­der­ship suc­ces­si­on plan­ning has been a joint effort bet­ween Rory and the board and we felt that Lisa’s exper­ti­se and pro­ven lea­der­ship in the glo­bal semi­con­duc­tor indus­try make this an ide­al time for her to lead the com­pa­ny,” said Bruce Claf­lin, chair­man of AMD’s board of direc­tors. “The board looks for­ward to con­ti­nuing to work with Lisa and the rest of the seni­or manage­ment team to build on the company’s momen­tum. I would also like to thank Rory for his many accom­plish­ments and con­tri­bu­ti­ons posi­tio­ning AMD for long-term suc­cess by hel­ping to crea­te a strong foun­da­ti­on and clear path to re-estab­lish the company’s growth and profitability.”

Com­men­ting on her appoint­ment, Dr. Su said, “I am deep­ly hono­red to have this oppor­tu­ni­ty to lead AMD during this important time of trans­for­ma­ti­on. Our world-class tech­no­lo­gy assets com­bi­ned with the incre­di­ble talent and pas­si­on of the AMD team pro­vi­de us with a uni­que oppor­tu­ni­ty to shape the future of com­pu­ting. I look for­ward to expan­ding on the strong foun­da­ti­on we have built under Rory’s lea­der­ship as we deve­lop indus­try-lea­ding tech­no­lo­gies and pro­ducts for a diver­se set of mar­kets to dri­ve sus­tainable and pro­fi­ta­ble growth.”

During the last three years, AMD has made signi­fi­cant pro­gress in finan­cial and ope­ra­tio­nal per­for­mance. The com­pa­ny retur­ned to non-GAAP pro­fi­ta­bi­li­ty and mate­ri­al­ly diver­si­fied its busi­ness. Sin­ce 2012, AMD has redu­ced ope­ra­ting expen­dit­ures by appro­xi­m­ate­ly 30 per­cent and main­tai­ned cash at near an opti­mal level of $1 bil­li­on. AMD also impro­ved its balan­ce sheet by re-pro­fil­ing its debt with no signi­fi­cant debt coming due until 2019.

Read sta­ted, “I am gra­teful to have had the oppor­tu­ni­ty to lead such a talen­ted team and proud of what we have accom­plished during such an important chap­ter in the company’s histo­ry. Tog­e­ther, we have estab­lished the right stra­tegy to enable AMD to con­ti­nue to grow and trans­form. I am con­fi­dent that Lisa is the right lea­der to dri­ve AMD forward.”

AMD Teleconference

AMD will hold a con­fe­rence call for the finan­cial and media com­mu­ni­ties at 2 p.m. PDT (5 p.m. EDT) today to dis­cuss today’s announce­ment. AMD will pro­vi­de a real-time audio broad­cast of the tele­con­fe­rence on the Inves­tor Rela­ti­ons page of its web­site at www.amd.com. The web­cast will be available for 12 months after the con­fe­rence call.

About Dr. Lisa Su

Dr. Su joi­n­ed AMD in 2012 and was most recent­ly chief ope­ra­ting offi­cer respon­si­ble for inte­gra­ting AMD’s busi­ness units, sales, glo­bal ope­ra­ti­ons and infra­struc­tu­re ena­blem­ent teams into a sin­gle mar­ket-facing orga­niza­ti­on respon­si­ble for all aspects of pro­duct stra­tegy, pro­duct exe­cu­ti­on, sales and ope­ra­ti­ons. Pre­vious­ly, she was seni­or vice pre­si­dent and gene­ral mana­ger, Glo­bal Busi­ness Units, respon­si­ble for the company’s pro­duct stra­tegy, pro­duct defi­ni­ti­on and busi­ness plans.

Pri­or to joi­ning AMD, Dr. Su ser­ved as seni­or vice pre­si­dent and gene­ral mana­ger, Net­wor­king and Mul­ti­me­dia at Frees­ca­le Semi­con­duc­tor, Inc., and was respon­si­ble for glo­bal stra­tegy, mar­ke­ting and engi­nee­ring for the company’s embedded com­mu­ni­ca­ti­ons and appli­ca­ti­ons pro­ces­sor busi­ness. Dr. Su joi­n­ed Frees­ca­le in 2007 as chief tech­no­lo­gy offi­cer, whe­re she led the company’s tech­no­lo­gy road­map and rese­arch and deve­lo­p­ment efforts. Pri­or to her ten­ure at Frees­ca­le, Dr. Su spent 13 years with IBM in various engi­nee­ring and busi­ness lea­der­ship posi­ti­ons, inclu­ding vice pre­si­dent of the Semi­con­duc­tor Rese­arch and Deve­lo­p­ment Cen­ter respon­si­ble for the stra­te­gic direc­tion of IBM’s sili­con tech­no­lo­gies, joint deve­lo­p­ment alli­ances and semi­con­duc­tor R&D ope­ra­ti­ons. Pri­or to IBM, she was a mem­ber of the tech­ni­cal staff at Texas Instru­ments in the Semi­con­duc­tor Pro­cess and Device Center.

Dr. Su recei­ved bachelor’s, master’s and doc­to­ra­te degrees in elec­tri­cal engi­nee­ring from the Mas­sa­chu­setts Insti­tu­te of Tech­no­lo­gy and was named Fel­low of the Insti­tu­te of Elec­tro­nics and Elec­tri­cal Engi­neers in 2009. She has published more than 40 tech­ni­cal artic­les and was named a Fel­low of the Insti­tu­te of Elec­tro­nics and Elec­tri­cal Engi­neers (IEEE) in 2009. Dr. Su was named “2014 Exe­cu­ti­ve of the Year” at the EETi­mes and EDN 2014 ACE Awards and was hono­red in MIT Tech­no­lo­gy Review’s Top 100 Young Inno­va­tors in 2002. She also ser­ves on the Board of Direc­tors of Ana­log Devices sin­ce 2012.

About AMD

AMD (NYSE: AMD) designs and inte­gra­tes tech­no­lo­gy that powers mil­li­ons of intel­li­gent devices, inclu­ding per­so­nal com­pu­ters, tablets, game con­so­les and cloud ser­vers that defi­ne the new era of sur­round com­pu­ting. AMD solu­ti­ons enable peo­p­le ever­y­whe­re to rea­li­ze the full poten­ti­al of their favo­ri­te devices and appli­ca­ti­ons to push the boun­da­ries of what is pos­si­ble. For more infor­ma­ti­on, visit www.amd.com.

Cautionary Statement

This press release con­ta­ins for­ward-loo­king state­ments con­cer­ning AMD, its oppor­tu­ni­ty to shape the future of com­pu­ting; its abili­ty to deve­lop indus­try lea­ding tech­no­lo­gies and pro­ducts; its abili­ty to dri­ve sus­tainable and pro­fi­ta­ble growth; 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 “belie­ves, “expects,” “may,” “will,” “should,” “seeks,” “intends,” “pro for­ma,” “esti­ma­tes,” “anti­ci­pa­tes,” “plans,” “pro­jects,” “would” and other terms with simi­lar mea­ning. Inves­tors are cau­tio­ned that the for­ward-loo­king state­ments in this release are based on cur­rent beliefs, assump­ti­ons and expec­ta­ti­ons, speak only as of the date of this release and invol­ve risks and uncer­tain­ties that could cau­se actu­al results to dif­fer mate­ri­al­ly from cur­rent expec­ta­ti­ons. Risks include the pos­si­bi­li­ty that Intel Corporation’s pri­cing, mar­ke­ting and reba­ting pro­grams, pro­duct bund­ling, stan­dard set­ting, new pro­duct intro­duc­tions or other acti­vi­ties may nega­tively impact AMD’s plans; that AMD will requi­re addi­tio­nal fun­ding and may be unable to rai­se suf­fi­ci­ent capi­tal on favorable terms, or at all; that cus­to­mers stop buy­ing AMD’s pro­ducts or mate­ri­al­ly redu­ce their ope­ra­ti­ons or demand for AMD’s pro­ducts; that AMD may be unable to deve­lop, launch and ramp new pro­ducts and tech­no­lo­gies in the volu­mes that are requi­red by the mar­ket at matu­re yields on a time­ly basis; that AMD’s third-par­ty foundry sup­pli­ers will be unable to tran­si­ti­on AMD’s pro­ducts to advan­ced manu­fac­tu­ring pro­cess tech­no­lo­gies in a time­ly and effec­ti­ve way or to manu­fac­tu­re AMD’s pro­ducts on a time­ly basis in suf­fi­ci­ent quan­ti­ties and using com­pe­ti­ti­ve pro­cess tech­no­lo­gies; that AMD will be unable to obtain suf­fi­ci­ent manu­fac­tu­ring capa­ci­ty or com­pon­ents to meet demand for its pro­ducts or will not ful­ly uti­li­ze its pro­jec­ted manu­fac­tu­ring capa­ci­ty needs at GLOBALFOUNDRIES, Inc. (GF) micro­pro­ces­sor manu­fac­tu­ring faci­li­ties; that AMD’s requi­re­ments for wafers will be less than the fixed num­ber of wafers that it agreed to purcha­se from GF or GF encoun­ters pro­blems that signi­fi­cant­ly redu­ce the num­ber of func­tion­al die it recei­ves from each wafer; that AMD is unable to suc­cessful­ly imple­ment its long-term busi­ness stra­tegy; that AMD inac­cu­ra­te­ly esti­ma­tes the quan­ti­ty or type of pro­ducts that its cus­to­mers will want in the future or will ulti­m­ate­ly end up purcha­sing, resul­ting in excess or obso­le­te inven­to­ry; that AMD is unable to mana­ge the risks rela­ted to the use of its third-par­ty dis­tri­bu­tors and add-in-board (AIB) part­ners or offer the appro­pria­te incen­ti­ves to focus them on the sale of AMD’s pro­ducts; that AMD may be unable to main­tain the level of invest­ment in rese­arch and deve­lo­p­ment that is requi­red to remain com­pe­ti­ti­ve; that the­re may be unex­pec­ted varia­ti­ons in mar­ket growth and demand for AMD’s pro­ducts and tech­no­lo­gies in light of the pro­duct mix that it may have available at any par­ti­cu­lar time; that glo­bal busi­ness and eco­no­mic con­di­ti­ons will not impro­ve or will wor­sen; that PC mar­ket con­di­ti­ons, will not impro­ve or will wor­sen; that demand for com­pu­ters will be lower than curr­ent­ly expec­ted; and the effect of poli­ti­cal or eco­no­mic insta­bi­li­ty, dome­sti­cal­ly or inter­na­tio­nal­ly, on AMD’s sales or sup­p­ly chain. Inves­tors are urged to review in detail the risks and uncer­tain­ties in AMD’s Secu­ri­ties and Exch­an­ge Com­mis­si­on filings, inclu­ding but not limi­t­ed to the Quar­ter­ly Report on Form 10‑Q for the quar­ter ended June 28, 2014.