AMD to Hold Press Conference and Webcast

SUNNYVALE, CA -- 3/31/2003 -- AMD (NYSE:AMD) will hold a press conference to announce a strategic corporate initiative at 2:00 p.m. PST (5:00 p.m. EST) on Monday, March 31, 2003 at the Four Seasons Hotel, 757 Market Street, San Francisco, California. Journalists and the investment community are invited to participate. Forward-looking and other material information may be discussed during the presentation.

A real-time presentation and audio webcast will be available at http://www.ccbn-webcasting.com/presentations/_2/_26447/IVT/1112365083/Lobby/default.htm and www.amd.com. A replay of the webcast can be accessed approximately one hour after the conclusion of the live event and will be available for 30 days after the conference.

AMD will issue a press release with additional information on this corporate announcement at approximately 2:00 p.m. PST on March 31 via Business Wire.