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Cautionary Statement
This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) including the features, functionality, availability, timing, deployment, benefits and expectations of AMD future products including the RadeonTM VII graphics card, 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; AMD products may be subject to security vulnerabilities that could have a material adverse effect on AMD; data breaches and cyber-attacks could compromise AMD’s intellectual property or other sensitive information, be costly to remediate and cause significant damage to its business and reputation; AMD’s operating results are subject to quarterly and seasonal sales patterns; global economic uncertainty may adversely impact AMD’s business and operating results; 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; the markets in which AMD’s products are sold are highly competitive; 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 29, 2018.
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The information contained herein is for informational purposes only, and is subject to change without notice. Timelines, roadmaps, and/or product release dates shown in this Press Release are plans only and subject to change. “Vega” is a codename for AMD architecture, and is not a product name.
1 As of Dec 18, 2018. Radeon VII features 16GB of memory. Radeon RX Vega 64 features 8GB of memory. Nvidia RTX 2080 Ti features 11 GB of memory. RX-266
2 As of Dec 18, 2018. Radeon VII features 1024 GB/s of memory bandwidth. Radeon RX Vega 64 (frontier edition) features 484 GB/s of memory bandwidth. Nvidia RTX 2080 Ti features 616 GB/s of memory bandwidth. RX-267
3 Testing done by AMD performance labs 1/3/19 on Intel i7 7700K,16GB DDR4 3000MHz, Radeon VII, Radeon RX Vega 64, AMD Driver 18.50 and Windows 10. Using Assassin's Creed Odyssey, Battlefield 1 DX12,Battlefield 5 DX12,Call of Duty: Black Ops 4,Destiny 2,Deus x: Mankind Divided DX12,Doom (2016),F1 2018 DX12,Fallout 76,Far Cry 5,Forza Horizon 4 DX12,Grand Theft Auto V, Hitman 2,Just Cause 4,Middle-Earth: Shadow Of War, Monster Hunter World, Rise of the Tomb Raider DX12,Shadow of the Tomb Raider DX12,Sid Meier's Civilization VI DX12,Star Control: Origins ,Strange Brigade Vulkan, The Witcher 3,Tom Clancy's Ghost Recon Wildlands, Total War: Warhammer 2,Wolfenstein II: The New Colossus at 4K Max Settings: Radeon VII scored: 36 fps,80.5 fps,62.2 fps,82.3 fps,65.1 fps,53.4 fps,89.5 fps,78 fps,76.6 fps,62 fps,72.8 fps,76.2 fps,53.3 ps,50.8 fps,54.3 fps,35.4 fps,58.3 fps,47.5 fps,97.1 fps,88.9 fps,86.7 fps,55.4 fps,36.3 fps,34.6 fps,93.4 fps respectively. Radeon RX Vega 64 scored: 28 fps,59.2 fps,46.7 fps,68.0 fps,50.9 fps,40.2 fps,67.2 fps,61 fps,45.5 fps,49 fps,62.8 fps,60.1 fps,49.6 ps,42.6 fps,41.6 fps,29.4 fps,46.0 fps,36.3 fps,78.1 fps,69.2 fps,60.9 fps,41.4 fps,29.2 fps,28.3 fps,74.2 fps respectively. Across 25 titles, Radeon VII averaged 29% faster gaming performance vs Radeon Vega 64. PC manufacturers may vary configurations yielding different results. All scores are an average of 3 runs with the same settings. Performance may vary based on use of latest drivers. RX-282
4 Testing done by AMD performance labs 1/3/19 on AMD Ryzen 2700X,16GB DDR4 3000MHz, Radeon VII, Radeon RX Vega 64, AMD Driver 18.50 and Windows 10. Across 4 content creation workloads/benchmarks: Davinci Resolve 15, Adobe Premiere, LuxMark and Blender. Radeon VII completed in /scored 101s, 330s, 50202 and 92s respectively. Radeon RX Vega 64 completed in/scored 138s, 462s, 31013 and 126s respectively. Resulting in Radeon VII vs Radeon RX 64 performance uplift of: 1.27x, 1.29x, 1.62x and 1.27x respectively. Radeon VII averaged 36% faster content creation performance vs Radeon Vega 64. PC manufacturers may vary configurations yielding different results. All scores are an average of 3 runs with the same settings. Performance may vary based on use of latest drivers. RX-283