Cautionary Statement
This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) including: AMD’s growth strategy, future plans and expectations; the features, functionality, availability, timing and expected benefits of AMD future products, including AMD’s Epyc. Ryzen, Radeon Vega, “Zen” and “Navi” products; and AMD’s technology and product roadmaps, 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.
AMD, the AMD Arrow logo, EPYC, LiquidVR, Radeon, Ryzen, 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.
Footnotes:
- Testing conducted by AMD Performance Labs as of May 15th 2017 with the Radeon™ Vega Frontier Edition graphics card, Intel® Xeon E5 2640v4 2.4Ghz 10C/20T, Dual Socket, 32GB per socket, 64GB Total, Ubuntu 16.04 LTS, ROCm 1.5, and OpenCL 1.2. The Nvidia Tesla P100, was tested on a system comprising of Intel® Xeon E5 2640v4 2.4Ghz 10C/20T, Dual Socket, 32GB per socket, 64GB Total, Ubuntu 16.04 LTS with CuDNN 5.1, Driver 375.39 and Cuda version 8.0.61. When using the DeepBench Benchmark, Radeon™ Vega Frontier Edition completed in 88.7 ms and the Nvidia Tesla P100 completed in 133.1 ms. PC manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers. VG-9
- Testing conducted by AMD Performance Labs as of May 12th, 2017 on a test system comprising of Intel E5-1650 v3 @ 3.50 GHz, 16GB DDR4 physical memory, Windows 10 Enterprise 64-bit, Radeon™ RX Vega Frontier Edition / NVIDIA Geforce TitanXp, AMD graphics driver 17.20/NVIDIA graphics driver 382.05 and Samsung 850 PRO 512G SSD.
- Benchmark Application: SPECViewperf 12.1 catia-04 viewset: Radeon™ RX Vega Frontier Edition score: 135.78, NVIDIA Geforce TitanXp score: 107.29. Performance Differential: (135.78-107.29)/107.29 = ~26.55% faster performance on Radeon™ RX Vega Frontier Edition. PC manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers. RPVG- 001
- Benchmark Application: SPECViewperf 12.1 creo-01 viewset: Radeon™ RX Vega Frontier Edition score: 83.94, NVIDIA Geforce TitanXp score: 65.20. Performance Differential: (83.94-65.20)/65.20 = ~28.74% faster performance on Radeon™ RX Vega Frontier Edition. PC manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers. RPVG- 002
- Benchmark Application: SPECViewperf 12.1 sw-03 viewset: Radeon™ RX Vega Frontier Edition score: 114.88, NVIDIA Geforce TitanXp score: 67.75. Performance Differential: (114.88-67.75)/67.75 = ~69.56% faster performance on Radeon™ RX Vega Frontier Edition. PC manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers. RPVG- 003
Contact: Drew Prairie AMD Communications (512) 602-4425 drew.prairie@amd.com Laura Graves AMD Investor Relations (408) 749-5467 laura.graves@amd.com
