AMD Announces Extension of Exchange Offer of its 8.125% Senior Notes due 2017 for Registered Notes

SUNNYVALE, Calif., Saturday, July 24th 2010 [ME NewsWire]:

(BUSINESS WIRE)-- AMD (NYSE: AMD) announced today that its pending offer to exchange (the “Exchange Offer”) any and all of its outstanding 8.125% Senior Notes due 2017 that were issued in a private placement (the “Private Notes”) for 8.125% Senior Notes due 2017 that have been registered under the Securities Act of 1933, as amended, currently scheduled to expire at 5:00 p.m., New York City time, on July 22, 2010, has been extended until 5:00 p.m., New York City time, on July 29, 2010.


Tenders with respect to approximately $499,200,000 aggregate principal amount of the Private Notes, out of a total of $500,000,000 aggregate principal amount eligible to participate in the Exchange Offer, have been received to date.


This announcement is not an offer to exchange, or a solicitation of an offer to exchange, with respect to the Private Notes. The Exchange Offer is being made solely by the prospectus dated June 23, 2010, and the Exchange Offer, as extended hereby, remains subject to the terms and conditions stated therein.


About AMD

Advanced Micro Devices, Inc. (NYSE: AMD) is an innovative technology company dedicated to collaborating with customers and technology partners to ignite the next generation of computing and graphics solutions at work, home and play. For more information, visit http://www.amd.com.


Forward-Looking Statements

This news release contains “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect current expectations and projections about future events, and thus involve uncertainty and risk. It is possible that future events, including whether the exchange 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 the “Risk Factors” section of the exchange offer prospectus and in AMD’s Annual Report on Form 10-K for the fiscal year ended December 26, 2009, as updated by its Quarterly Report on Form 10-Q for the quarter ended March 27, 2010, 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.


For media enquiries, please contact:
AMD Investor Relations
Ruth Cotter, +1-408-749-3881
Ruth.Cotter@amd.com


AMD Public Relations
Michael Silverman, +1-512-602-3781
Michael.silverman@amd.com