AMD Completes Ryzen Mainstream Desktop Lineup with the Release of Ryzen 3 processors

This press release contains forward-looking statements
concerning Advanced Micro Devices, Inc. (AMD) including the features,
functionality, availability, timing and expected benefits of Ryzen™ PRO-based
products, 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,” “intends,” “believes,”
“expects,” “may,” “will,” “should,”
“seeks,” “intends,” “plans,” “pro
forma,” “estimates,” “anticipates,” or the negative of
these words and phrases, other variations of these words and phrases or
comparable terminology. Investors are cautioned that the forward- looking
statements in this document are based on current beliefs, assumptions and
expectations, speak only as of the date of
this document 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 may limit AMD’s ability to compete effectively; AMD has a wafer supply
agreement with GF with obligations to purchase all of its microprocessor and
APU product requirements, and a certain portion of its GPU product
requirements, from GLOBALFOUNDRIES Inc. (GF) with limited exceptions. If GF is
not able to satisfy AMD’s manufacturing requirements, its business could be
adversely impacted; AMD relies on third parties to manufacture its products,
and if they are unable to do so on a timely basis in sufficient quantities and
using competitive technologies, AMD’s business could be materially adversely
affected; failure to achieve expected manufacturing yields for AMD’s products
could negatively impact its financial results; the success of AMD’s business is
dependent upon its ability to introduce products on a timely basis with
features and performance levels that provide value to its customers while
supporting and coinciding with significant industry transitions; if AMD cannot
generate sufficient revenue and operating cash flow or obtain external financing,
it may face a cash shortfall and be unable to make all of its planned
investments in research and development or other strategic investments; the
loss of a significant customer may have a material adverse effect on AMD; AMD’s
receipt of revenue from its semi-custom SoC products is dependent upon its
technology being designed into third-party products and the success of those
products; global economic uncertainty may adversely impact AMD’s business and
operating results; the markets in which AMD’s products are sold are highly
competitive; AMD may not be able to generate sufficient cash to service its
debt obligations or meet its working capital requirements; AMD has a large amount of indebtedness
which could adversely affect its financial position and prevent it from
implementing its strategy or fulfilling its contractual obligations; the
agreements governing AMD’s notes and the Secured Revolving Line of Credit
impose restrictions on AMD that may adversely affect its ability to operate its
business; AMD’s issuance to West Coast Hitech L.P.  (WCH) of warrants to
purchase 75 million shares of its common stock, if and when exercised, will
dilute the ownership interests of its existing stockholders, and the conversion
of the 2.125% Convertible Senior Notes due 2026 may dilute the ownership
interest of its existing
stockholders, or may otherwise depress the price of its common stock;
uncertainties involving the ordering and shipment of AMD’s products could
materially adversely affect it; the demand for AMD’s products depends in part
on the market conditions in the industries into which they are sold.
Fluctuations in demand for AMD’s products or a market decline in any of these
industries could have a material adverse effect on its results of operations;
AMD’s ability to design and introduce new products in a timely manner is
dependent upon third-party intellectual property; AMD depends on third-party
companies for the design, manufacture and supply of motherboards, software and
other computer platform components to support its business; if AMD loses
Microsoft Corporation’s support for its products or other software vendors do
not design and develop software to run on AMD’s products, its ability to sell
its products could be materially adversely affected; and AMD’s reliance on
third- party distributors and AIB partners subjects it to certain risks.
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
Quarterly Report on Form 10-Q for the quarter ended April 1, 2017.