AMD Announces $135 Million Investment Plan to Expand Adaptive Computing Research, Development and Engineering Operations in Ireland

The investment aims to add up to 290 new jobs and fund research and development projects for next-generation AI, data centers, networks and 6G communication infrastructure

DUBLIN, Ireland, June 21, 2023 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced plans for continued growth in Ireland through an investment of up to $135 million over four years. The investment is intended to fund several strategic research and development projects through the addition of up to 290 highly skilled research and engineering positions as well as a wide range of additional support roles.

The development was formally announced in Dublin today by the Minister for Enterprise, Trade and Employment, Simon Coveney TD, and Ruth Cotter, senior vice president, marketing, communications and human resources, AMD. The new investment is supported by the Irish Government through IDA Ireland.

“I warmly welcome AMD’s ambitious plans to expand its advanced R&D and engineering operations in Ireland. This significant investment will not only strengthen our thriving technology sector, but also create long-term career opportunities for both highly experienced and for recent engineering graduates ‘The company plans to add up to 290 new positions and its funding of strategically important research and development projects demonstrates its confidence in Ireland’s environment and supporting business infrastructure . The Irish Government, through IDA Ireland, is delighted to support this expansion, further cementing our commitment to nurturing a vibrant ecosystem for research, development and engineering, said Simon Coveney TD, Minister for Business, Trade and the occupation.

From the cloud and PCs to communications and intelligent endpoints, high-performance and adaptive computing solutions from AMD are playing an increasingly important role in shaping the future of today’s computing. For nearly three decades, Ireland has been a major European research and development center developing adaptive computing solutions, drawing on a strong and highly skilled workforce. By further investing and expanding our presence in Dublin and Cork, we are committed to continuing to both drive innovation in Ireland and support the European semiconductor ecosystem. Through this investment, our R&D teams in Ireland will engineer innovative high-performance and adaptive computing engines to accelerate data centers, networks, 6G communications and embedded solutions, while taking a leadership position in artificial intelligence, ha said Ruth Cotter, senior vice president, Marketing, Communications and Human Resources at AMD.

Prior to AMD’s acquisition of Xilinx in 2022, Xilinx partnered with IDA Ireland on several occasions to drive semiconductor innovation in Ireland. Most recently, in 2017, Xilinx announced a $40 million investment to expand its R&D and engineering operations, as well as hire more than 100 new skilled employees.

This investment will continue to push the boundaries of what is possible further contributing to Ireland’s position as a global technology leader. This expansion further strengthens the company’s presence in Ireland as a leading center of semiconductor innovation and places Ireland at the heart of AMD’s European research and engineering operations. IDA Ireland has been proud to support AMD and previously Xilinx for nearly three decades and is committed to supporting large-scale investments that have a positive impact on the European semiconductor industry, said Michael Lohan, managing director of IDA Ireland.

The Irish site was first established in 1994 as the first purpose-built Xilinx site outside the United States and commenced operations a year later with a focus on manufacturing, operations support, engineering and administration services . Following the acquisition of Xilinx, Ireland is now home to one of AMD’s largest R&D sites in Europe, with a strong track record of delivering products with significant commercial success, such as the AMD Zynq UltraScale+ family of semiconductors RFSoC.

About AMD
For more than 50 years, AMD has led the innovation in high-performance computing, graphics and display technologies. Billions of people, leading Fortune 500 companies and cutting-edge scientific research institutions around the world rely on AMD technology every day to improve the way they live, work and play. AMD employees are focused on building high-performance, adaptive leadership products that push the boundaries of what is possible. For more information on how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn andChirpingpages.

SECURITY STATEMENT

This press release contains forward-looking statements regarding Advanced Micro Devices, Inc. (AMD), such as AMD’s intention to invest $135 million over the next four years to fund research and development projects; AMD plans to add up to 290 engineering, research and support positions; anticipated growth of AMD in Ireland; and the anticipated activities of AMD’s research and development and engineering operations in Ireland, which are conducted pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act 1995. Forward-looking statements are commonly identified by words such as “would”, “may , ” “expects”, “believes”, “plans”, “intends”, “plans” and other terms with similar meaning. Investors are cautioned that forward-looking statements contained in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release, 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, which could cause actual results and other future events to differ materially from those expressed, or implied or contemplated by, forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, but are not limited to the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; global economic uncertainty; cyclical nature of the semiconductor industry; market conditions in the industries where AMD products are sold; loss of a major customer; impact of the COVID-19 pandemic on AMD’s business, financial condition and results of operations; competitive markets where AMD products are sold; quarterly and seasonal sales models; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable fluctuations in the currency exchange rate; ability of third party manufacturers to manufacture AMD products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or production processes; ability to achieve expected manufacturing efficiencies for AMD products; AMD’s ability to timely introduce products with expected features and performance levels; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyber attacks; potential difficulties in updating and operating AMD’s new enterprise resource planning system; uncertainties relating to the ordering and shipping of AMD products; AMD relies on the intellectual property of third parties to design and introduce new products in a timely manner; AMD’s reliance on third party companies to design, manufacture and supply motherboards, software and other computing platform components; AMD’s reliance on support from Microsoft and other software vendors to design and develop software to run on AMD products; AMD’s reliance on third-party distributors and add-on partners; impact of the change or disruption of AMD’s internal business processes and information systems; compatibility of AMD products with some or all industry-standard software and hardware; costs related to defective products; AMD’s supply chain efficiency; AMD’s ability to rely on third party supply chain logistics functions; AMD’s ability to effectively control the sales of its products on the gray market; impact of government actions and regulations such as export administration regulations, tariffs, and trade protection measures; AMD’s ability to realize its tax-deferred assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals provisions, and other laws or regulations; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate the acquired businesses; impact of any impairment of the combined company’s assets on the combined company’s financial position and results of operations; constraints imposed by the agreements governing the AMD notes, the Xilinx note guarantees and the revolving credit facility; AMD’s debt; AMD’s ability to generate sufficient cash to meet its working capital requirements or generate sufficient operating revenue and cash flow to make all of its planned research and development or strategic investments; political, legal, economic risks and natural disasters; future goodwill impairments and technology license purchases; AMD’s ability to attract and retain qualified personnel; AMD Stock Price Volatility; and world political conditions. Investors are encouraged to review the detailed risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

Contact:
Anna Carzana
AMD communications
+39 02 3008161
Anna.Carzana@amd.com

Suresh Bhaskaran
AMD Investor Relations
+1 408-749-2845
Suresh.Bhaskaran@amd.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/59304f9e-cf97-4f56-84bf-aa9ffd22efb9

Source: Advanced Micro Devices, Inc.

Released June 21, 2023