AMD Announces Planned $300 Million Public Offering Of Convertible Senior Notes

SUNNYVALE, CA -- 11/19/2002 -- AMD (NYSE: AMD) announced that it is filing today a prospectus supplement with the Securities and Exchange Commission with respect to the Company’s planned public offering of $300 million of convertible senior notes, which will be convertible into the Company’s common stock. The Company expects that the underwriters will also have a 30-day option to purchase up to an additional $45 million of convertible senior notes to cover over-allotments.

The offering will be made pursuant to a prospectus supplement under the Company's existing $2 billion shelf registration statement. Banc of America Securities LLC and Salomon Smith Barney are the joint book-running managers and Merrill Lynch & Co. is the co-manager for the offering. The Company expects to use the net proceeds from the offering of the notes for general corporate purposes, including capital expenditures and working capital.

Copies of the prospectus supplement relating to the notes may be obtained from Banc of America Securities LLC, 9 West 57th Ave., New York, New York 10019; Salomon Smith Barney, 390 Greenwich Street, New York, New York 10013; or Merrill Lynch & Co., 4 World Financial Center, 250 Vesey Street, New York, New York 10281.

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 $3.9 billion in 2001. (NYSE: AMD).

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