Hector Ruiz to Serve as Acting Head of AMD Computation Products Group

Hector Ruiz to Serve as Acting Head of AMD Computation Products Group

SUNNYVALE, CA -- 8/30/2000 -- AMD announced today that Larry Hollatz, group vice president of the company's Computation Products Group, has resigned to pursue other interests. Effective immediately, Hector de J. Ruiz, AMD president and chief operating officer, will serve as acting group vice president for the business unit which produces PC processors.

"AMD's progress in the PC processor market has accelerated since the introduction of the AMD Athlon™ processor, the industry's first seventh-generation processor," said Ruiz. "Processors for Microsoft® Windows® computing today account for nearly 50 percent of AMD revenues. The AMD Athlon processor is the highest-performance PC processor on the market today. Following Intel's announcement of their recall and suspension of shipments of their 1.13-gigahertz processors earlier this week, AMD stands alone as the only supplier of PC processors with clock speeds above 1 gigahertz."

"I look forward to working directly with the leaders of the Computation Products Group who have contributed so much to AMD's success," Ruiz continued. "The PC processor market is by far the largest segment of the worldwide semiconductor industry, with total sales projected to reach $32 billion in 2000 and $42 billion in 2002. PC processors represent our greatest growth opportunity."

Ruiz said that AMD remains on target to double sequential shipments of seventh-generation AMD Athlon™ and Duron™ processors to 3.6 million units in the current quarter and to double unit shipments again to 7.2 million units in the December-ending quarter. "Later this year AMD will introduce several new members of the AMD Athlon™ and Duron™ processor families, including products designed for mobile, high-end workstation, and server applications. AMD will offer industry-leading processor products for the broadest segment of the personal computing market in our history. My highest priority is to continue the excellent execution we are achieving in this critically important market segment," Ruiz concluded.

Cautionary Statement
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements in this release involve risks and uncertainties that could cause actual results to differ materially from current expectations. The company's plans are based on current forecasts of demand that are subject to change depending on evolving general industry conditions, changes in customer needs, and the product introductions of competitors. There are also risks that the PC processor market will not reach projected sales; that the company will not be able to produce the AMD Athlon™ and AMD Duron™ processors in the volume, speed mix or with the feature set necessary to meet the company's plans and goals; that Intel Corporation pricing, marketing programs, new product introductions or other activities targeting the company's processors business will prevent attainment of the company's current processor sales plans; that the new members of the AMD Athlon™ and AMD Duron™ processor families may not be introduced on the anticipated schedule; and that third parties may not provide timely or adequate infrastructure solutions to support the AMD Athlon™ and AMD Duron™ processors. We urge investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the report on Form 10-K for the year ended December 26, 1999.