AMD CEO Hector Ruiz Meets With President Fox Of Mexico
—AMD to help bring computer technology to Mexican schools— —New AMD Mexico Team determined to strengthen competition, increase technology benefits in Mexico—
MEXICO CITY, MEXICO --
AMD (AMD: NYSE) today announced that Hector Ruiz, chief executive officer and president of AMD, met with President Vicente Fox of Mexico. The two leaders discussed AMD’s desire to help bring computer technology to the classrooms of Mexico and AMD’s increasing commitment to the IT industry in Mexico.
AMD also announced today that it plans to provide assistance to UNETE (Unión de Empresarios para la Tecnología en la Educación, A.C.), a private organization in Mexico dedicated to building computer labs in Mexican schools.
“AMD has a long history of making investments in education and community development in regions where we conduct business,” said Hector Ruiz. “We will participate in efforts to provide computers and Internet access to Mexico’s schools and we will continue to explore other opportunities to provide lasting value to Mexican education.”
AMD also announced today the formation of AMD Mexico, the company’s first in-country sales and marketing force in Mexico. The AMD Mexico Team is tasked with delivering enhanced service to customers and the benefits of stronger competition in government and private enterprise bids. Ruiz and the AMD Mexico Team met today with key business leaders to outline AMD’s commitment to the Mexican market.
“Improving our ability to address the needs of our Mexican customers is an important next step towards expanding our presence in a growing market,” continued Ruiz. “We are a customer-focused technology company with a great product portfolio and a passion for what we do. Our new AMD Mexico Team is determined to provide real competitive benefits to Mexico which includes providing our local partners with leading-edge technology, increased speed of execution, and, above all, a laser-like focus on their needs. Consumers and businesses will also benefit from more choice and better availability of great technology.”
The new AMD office will be located in Mexico City and is expected to open June 30, 2002.
Ruiz was also honored by AIUME (Asociación de Ingenieros Universistarios Mecanicos Electricistas, A.C.), a prestigious engineering society in Mexico, for his “excellent achievement by a Mexican engineer living abroad” during a ceremony that took place yesterday in the Palacio de Minería in downtown Mexico City.
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 $3.9 billion in 2001. (NYSE: AMD).
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