AMD Announces Completion of Alchemy Acquisition

SUNNYVALE, CA -- 2/19/2002 -- Advanced Micro Devices, Inc. announced today that it has completed the acquisition of Alchemy Semiconductor, Inc., a privately held company that designs, develops and markets low-power, high performance microprocessors for personal connectivity devices such as personal digital assistants (PDAs), web tablets, and portable and wired internet access devices and gateways. The acquisition was structured as a cash transaction, pursuant to which AMD made cash payments of approximately $50 million to Alchemy stockholders and outstanding creditors.

About AMD
AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets with manufacturing facilities in the United States, Europe, Japan, and Asia. AMD, a Fortune 500 and Standard & Poor’s 500 company, produces microprocessors, flash memory devices, and support circuitry for communications and networking applications.

Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $4.6 billion in 2000. (NYSE: AMD).

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