AMD Announces Agreement with WAVECOM to Develop Integrated Wireless Technology for Global Internet Access

--AMD, Wavecom agree to develop a new PC communications platform integrating GSM/GPRS technology with AMD AthlonTM processors designed to provide wireless voice, data and fax functions --

SUNNYVALE, CA -- 3/21/2001 -- AMD and Wavecom SA today announced an agreement to develop an integrated wireless solution for the personal computer that will be designed to help enable worldwide wireless Internet access.

Based on Wavecom's WISMO technology and the AMD Athlon™ processor, both companies plan to develop GPRS-based communication technologies, based on the GSM standard, to make high-speed data and multimedia features available for wireless Internet connectivity.

GPRS, which stands for General Packet Radio Service, is an enhancement to the GSM mobile communications system that supports data packets at rates approximating those of hard-wired modems. Currently, GSM (Global System for Mobile Communications) is the cellular technology with the highest global coverage and the highest number of global subscribers.

"The need to transmit data digitally across great distances from any location is driving communications technologies in the PC environment like never before," said Mike Johnson, vice president of AMD's Advanced Architecture Lab. "AMD is excited to be using its microprocessor technologies with Wavecom's expertise in the GSM/GPRS arena. We look forward to developing communications solutions that will meet consumer communication needs and drive the platforms of the future."

"The increased demand for the integration of wireless functionality in a variety of devices and the rollout of GRPS infrastructure by the operators are making GPRS services more widely available and have created a market need for a new type of wireless architecture that supports more data centric applications. The collaboration between AMD and Wavecom is designed to result in a very cost effective solution that will support data services and address the end user needs," said Aram Hémian, chief executive officer of Wavecom SA, based in Issy les Moulineaux.

About the AMD Athlon™ Processor
The AMD Athlon™ processor is an x86-compatible, seventh-generation design featuring a superpipelined, nine-issue superscalar microarchitecture optimized for high clock frequency; the industry's first fully pipelined, superscalar floating point unit for x86 platforms; high-performance cache architecture, now featuring 256KB of on-chip level (L2) cache and 128KB of on-chip level (L1) cache; enhanced 3DNow!™ technology with 24 additional instructions designed to improve integer math calculations, data movement for Internet streaming, and DSP communications; and a 200MHz system interface based on the Alpha™ EV6 bus protocol with support for scalable multiprocessing. AMD Athlon™ processors are manufactured using AMD's aluminum 0.18-micron process technology in Fab 25 in Austin, Texas and AMD's 0.18 micron copper technology in Fab 30 in Dresden, Germany.

About Wavecom
Founded in 1993 and headquartered near Paris in Issy-Les-Moulineaux, Wavecom designs, develops, manufactures and sells a range of fully integrated plug-in modules for GSM and GPRS communications. Divided into three distinct lines-WISMO modules, external modems and integrated modems-all Wavecom products are based on its unique WISMO technology. WISMO, which stands for Wireless Standard Module, is a compact, fully integrated device containing all of the software, hardware and other technology needed to implement a wireless telecommunications standard. Designed for use in a wide variety of systems and wireless terminals, WISMO modules constitute complete implementation of the GSM Phase 2+ standard in the 900, 1800 and 1900 MHz bands. Company revenues totaled Euro 65.6 million in 2000. Wavecom is publicly traded on the Nouveau Marché exchange in Paris and the NASDAQ National Market exchange in the US.

Cautionary Statement
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally preceded by words such as "plans," "expects," "believes," "anticipates" or "intends." Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty that could cause actual results to differ materially from current expectations, including the risk that the integrated communication devices developed by AMD and Wavecom may not gain commercial acceptance or that the companies may not release such devices at all. We urge investors to review in detail the risks and uncertainties in the Company's filings with the United States Securities Exchange Commission.