AMD appoints Dasaradha Gude as Managing Director for AMD India

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August 26th, 2008 Leave a comment Visited 14 times, 1 so far today

Bangalore, India. — August 25, 2008 — AMD (NYSE: AMD) today announced the appointment of Dasaradha Gude as the managing director for AMD India. Dasaradha Gude, (known as “GD”) is now responsible for AMD India R&D and overall India operations. As the lead for AMD India R&D, his responsibilities include in-region development and management of AMD’s broad and growing portfolio of consumer and commercial platforms and processors.

GD brings with him more than 25 years of experience in the Very Large Scale Integration (VLSI) domain spanning various entrepreneurial roles and most recently as the managing director of the AMD R&D center, Hyderabad. In this role, he managed a talented team of engineers who delivered leading-edge technologies for AMD’s graphics and consumer electronics businesses. He was also instrumental in establishing AMD’s “Centre of Excellence for Audio Technology.” During the last 10 years GD has played a pioneering role in bringing VLSI design technologies to India with several successful entrepreneurial ventures to his credit.

This change is part of AMD’s recently announced commitment to re-architect its business for sustained profitability. AMD’s India engineering operations have now become part of the Central Engineering leadership team, recently created to direct the development and execution of AMD’s technology and product roadmaps in partnership with AMD’s business units. The Central Engineering team is co-led by veteran engineering executives Chekib Akrout and Jeff VerHeul, both of whom report to Dirk Meyer, AMD president and CEO.

“Placing experienced leaders in new, more focused roles will help enhance our execution and progress towards sustained profitability and long-term success,” said Jeff VerHeul, corporate vice president of Silicon Design Engineering at AMD. “GD’s new responsibilities form a critical part of our strategy to sustain AMD’s growth in the region. Going ahead, we see India playing a leading role towards strengthening the company’s existing technology leadership through the Indian engineering operations.”

Dasaradha Gude said, “AMD India has grown significantly since its inception and has turned out to be a critical contributor to the product roadmap of the company. The creation of a Centralized Engineering organization helps align and focus AMD’s world-class engineers and intellectual property portfolio on the strong business opportunities in front of us. We look forward to taking our engineering activities in India to greater heights.”

About AMD

Advanced Micro Devices (NYSE: AMD) is a leading global provider of innovative processing solutions in the computing and graphics markets. AMD is dedicated to driving open innovation, choice and industry growth by delivering superior customer-centric solutions that empower consumers and businesses worldwide. For more information, visit www.amd.com.

Cautionary Statement

This release contains forward-looking statements concerning the future growth of AMD’s engineering operations in India and AMD India’s role in strengthening AMD’s engineering activities, 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 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 targeting the company’s business will prevent attainment of the company’s current plans; the company will require additional funding and may not be able to raise funds on favorable terms or at all; global business and economic conditions will worsen, resulting in lower than currently expected revenue in the third quarter of 2008 and beyond; the company’s cost containment efforts will not be effective; customers stop buying the company’s products or materially reduce their demand for its products; the company will be unable to develop, launch and ramp new products and technologies in the volumes and mix required by the market and at mature yields on a timely basis; demand for computers and consumer electronics products and, in turn, demand for the company’s products will be lower than currently expected; there will be unexpected variations in market growth and demand for the company’s products and technologies in light of the product mix that it may have available at any particular time or a decline in demand; the company will be unable to transition to advanced manufacturing process technologies in a timely and effective way, consistent with planned capital expenditures; the company will be unable to maintain the level of investment in research and development and capacity that is required to remain competitive; the company will be unable to divest its Handheld or DTV product businesses in the expected timeframe, if at all, or in a manner contemplated by the company; and the company will be unable to obtain sufficient manufacturing capacity or components to meet demand for its products or will under-utilize its microprocessor manufacturing facilities. Investors are urged to review in detail the risks and uncertainties in the company’s Securities and Exchange Commission filings, including but not limited to the Quarterly Report on Form 10-Q for the quarter ended March 29, 2008.

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©2008 Advanced Micro Devices, Inc. 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.

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