LAS VEGAS – 2018 CES, Jan. 10, 2018 (GLOBE NEWSWIRE) -- At the 2018 International Consumer Electronics Show (CES),
AMD (NASDAQ:AMD) and JD.com (NASDAQ:JD), China's largest retailer,
announced the intent to establish JD.com as the newest authorized distributor of AMD microprocessors to provide Chinese consumers
with greater access to high-performance AMD Ryzen™ processors.
“JD.com is China's leading online retailer with the deep expertise required to help drive broader availability of AMD Ryzen
processors in China,” said AMD President and Chief Executive Officer Dr. Lisa Su. “We are excited to be working with JD.com to
provide Chinese technology consumers with greater access to high-performance AMD products.”
“As a leader in the IT industry, AMD has delivered to market numerous excellent hardware products over the years. JD.com is
looking forward to becoming one of the master distributors of AMD processors in China,” said President of JD Electronics and
Lifestyle Shengli Hu. “JD.com will deliver online sales advantages to bring the excellent AMD processors, including its latest
Ryzen offerings, to Chinese consumers throughout the country.”
About AMD
For more than 45 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies ― the
building blocks for gaming, immersive platforms, and the datacenter. Hundreds of millions of consumers, leading Fortune 500
businesses, and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live,
work, and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible.
For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ:AMD) website, blog, Facebook and Twitter pages.
Cautionary Statement
This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) including AMD’s intention to
appoint JD.com as a distributor of AMD microprocessors in China, the ability of AMD and JD.com to enter into a definitive
agreement; the benefits AMD expects from entering into a definitive agreement with JD.com as a distributor of AMD microprocessors
in China, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are commonly identified by words such as "would," "intends," "believes," "expects," "may," "will,"
"should," "seeks," "intends," "plans," "pro forma," "estimates," "anticipates," or the negative of these words and phrases, other
variations of these words and phrases or comparable terminology. Investors are cautioned that the forward-looking statements in
this document are based on current beliefs, assumptions and expectations, speak only as of the date of this document and involve
risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject
to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control,
that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by,
the forward-looking information and statements. Material factors that could cause actual results to differ materially from current
expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its
aggressive business practices may limit AMD’s ability to compete effectively; AMD has a wafer supply agreement with GF with
obligations to purchase all of its microprocessor and APU product requirements, and a certain portion of its GPU product
requirements, from GLOBALFOUNDRIES Inc. (GF) with limited exceptions. If GF is not able to satisfy AMD’s manufacturing
requirements, its business could be adversely impacted; AMD relies on third parties to manufacture its products, and if they are
unable to do so on a timely basis in sufficient quantities and using competitive technologies, AMD’s business could be materially
adversely affected; failure to achieve expected manufacturing yields for AMD’s products could negatively impact its financial
results; the success of AMD’s business is dependent upon its ability to introduce products on a timely basis with features and
performance levels that provide value to its customers while supporting and coinciding with significant industry transitions; if
AMD cannot generate sufficient revenue and operating cash flow or obtain external financing, it may face a cash shortfall and be
unable to make all of its planned investments in research and development or other strategic investments; the loss of a significant
customer may have a material adverse effect on AMD; AMD’s receipt of revenue from its semi-custom SoC products is dependent upon
its technology being designed into third-party products and the success of those products; global economic uncertainty may
adversely impact AMD’s business and operating results; the markets in which AMD’s products are sold are highly competitive; AMD may
not be able to generate sufficient cash to service its debt obligations or meet its working capital requirements; AMD has a large
amount of indebtedness which could adversely affect its financial position and prevent it from implementing its strategy or
fulfilling its contractual obligations; the agreements governing AMD’s notes and the Secured Revolving Line of Credit impose
restrictions on AMD that may adversely affect its ability to operate its business; AMD's issuance to West Coast Hitech L.P. (WCH)
of warrants to purchase 75 million shares of its common stock, if and when exercised, will dilute the ownership interests of its
existing stockholders, and the conversion of the 2.125% Convertible Senior Notes due 2026 may dilute the ownership interest of its
existing stockholders, or may otherwise depress the price of its common stock; uncertainties involving the ordering and shipment of
AMD’s products could materially adversely affect it; the demand for AMD’s products depends in part on the market conditions in the
industries into which they are sold. Fluctuations in demand for AMD’s products or a market decline in any of these industries could
have a material adverse effect on its results of operations; AMD’s ability to design and introduce new products in a timely manner
is dependent upon third-party intellectual property; AMD depends on third-party companies for the design, manufacture and supply of
motherboards, software and other computer platform components to support its business; if AMD loses Microsoft Corporation’s support
for its products or other software vendors do not design and develop software to run on AMD’s products, its ability to sell its
products could be materially adversely affected; and AMD’s reliance on third-party distributors and AIB partners subjects it to
certain risks. Investors are urged to review in detail the risks and uncertainties in AMD's Securities and Exchange
Commission filings, including but not limited to AMD's Quarterly Report on Form 10-Q for the quarter ended September 30, 2017.
AMD, the AMD Arrow logo, Ryzen, and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Other names are
for informational purposes only and may be trademarks of their respective owners.
Contact:
Drew Prairie
AMD Communications
(512) 602-4425
drew.prairie@amd.com
Alina Ostrovsky
AMD Investor Relations
(408) 749-6688
Alina.Ostrovsky@amd.com
