AMD Reports 2012 Fourth Quarter and Annual Results

About AMD
AMD (NYSE: AMD) is a semiconductor design innovator leading the next era of vivid digital experiences with its groundbreaking AMD Accelerated Processing Units (APUs) that power a wide range of computing devices. AMD's server computing products are focused on driving industry-leading cloud computing and virtualization environments. AMD's superior graphics technologies are found in a variety of solutions ranging from game consoles, PCs to supercomputers. For more information, visit www.amd.com.

Cautionary Statement
This release contains forward-looking statements concerning AMD, its first quarter 2013 revenue, its future growth in key segments and the timing and functionality of planned future products and technologies 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," "may," "expects," "believes," "plans," "intends," "projects," and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this release are based on current beliefs, assumptions and expectations, speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Risks include the possibility that Intel Corporation's pricing, marketing and rebating programs, product bundling, standard setting, new product introductions or other activities targeting the company's business will prevent attainment of the company's current plans; the company will be unable to develop, launch and ramp new products and technologies in the volumes and mix required by the market and at mature yields on a timely basis; GLOBALFOUNDRIES will be unable to manufacture the company's products on a timely basis in sufficient quantities and using competitive technologies; the company will be unable to obtain sufficient manufacturing capacity or components to meet demand for its products or will under-utilize its commitment with respect to GLOBALFOUNDRIES' microprocessor manufacturing facilities; the company will be unable to transition its products to advanced manufacturing process technologies in a timely and effective way; global business and economic conditions will not continue to improve or will worsen resulting in lower than currently expected demand; demand for computers and consumer electronics products and, in turn, demand for the company's products will be lower than currently expected; customers stop buying the company's products or materially reduce their demand for its products; the company will require additional funding and may not be able to raise funds on favorable terms or at all; there will be unexpected variations in market growth and demand for the company's products and technologies in light of the product mix that it may have available at any particular time or a decline in demand; and the company will be unable to maintain the level of investment in research and development that is required to remain competitive. Investors are urged to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the Quarterly Report on Form 10-Q for the quarter ended September 29, 2012.

AMD, the AMD Arrow logo, AMD Opteron, AMD Radeon, and combinations thereof, and are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and used to identify companies and products and may be trademarks of their respective owner.

(1) In this press release, in addition to GAAP financial results, the Company has provided non-GAAP financial measures including non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP net income (loss) and non-GAAP earnings (loss) per share. These non-GAAP financial measures reflect certain adjustments as presented in the tables in this press release. The Company also provided Adjusted EBITDA and non-GAAP Adjusted free cash flow as supplemental measures of its performance. These items are defined in the footnotes to the selected corporate data tables provided at the end of this press release. The Company is providing these financial measures because it believes this non-GAAP presentation makes it easier for investors to compare its operating results for current and historical periods and also because the Company believes it assists investors in comparing the Company's performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance and for the other reasons described in the footnotes to the selected data tables. Refer to corresponding tables at the end of this press release for additional AMD data.

------------------------

(1) Testing and projections develop by AMD Performance Labs. The score for the 2012 AMD A10-4600M on 3DMark 11 was 1150 and the 2012 AMD A8-4555M was 780 while the "Richland" 2013 AMD A10-5750M was 1400 and the AMD A8-5545M was 1100. PC configuration based on the "Pumori" reference design with the 2012 AMD A10-4600M with Radeon™ HD 7660G graphics, the 2012 AMD A8-4555M with AMD Radeon™ HD 7600G graphics, the 2013 AMD A10-5750M with AMD Radeon™ HD 8650G graphics and the 2013 AMD A8-5545M with AMD Radeon™ 8510G Graphics. All configurations use 4G DDR3-1600 (Dual Channel) Memory and Windows 7 Home Premium 64-bit. RIN-1
(2) The AMD FX CPU achieved a top speed of 8.429 GHz, surpassing the previous record of 8.308 GHz. The record was set on Aug. 31, 2011, in Austin, Texas, by "Team AMD FX," a group comprised of elite overclocking specialists working alongside top AMD technologists.
(3) Testing by AMD Performance labs using an AMD FX-8350 processor with an AMD Radeon™ HD 7970 graphics card, 2x4GB DDR3-1600, Windows 7 64bit, Catalyst 12.3 scored 5575 pixels per second in POV-Ray 3.7, and 7.0 in Cinebench 11.5 versus an AMD FX-8150 processor with an AMD Radeon™ HD 7970 graphics card, 2x4GB DDR3-1600, Windows 7 64bit, Catalyst 12.3 which scored 4829 pixels per second in POV-Ray and 6.0 in Cinebench 11.5.
(4) AMD FirePro™ S10000 delivers 1.48 TFLOPS peak dual-precision floating-point performance -- no other AMD or Nvidia server graphics card has exceeded one TFLOPS before. Prior to launch of AMD FirePro S10000, AMD's highest performing graphics card for double precision was the AMD FirePro™ W9000 with 1.0 TFLOPS, and Nvidia's highest performing card in the market as of Oct. 31, 2012 is the Tesla M2090 with 665 GFLOPS double precision. Visit http://www.nvidia.com/object/tesla-servers.html for Nvidia product specs. FP-71

                                                                            
                                                                            
ADVANCED MICRO DEVICES, INC.                                                
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS                             
(Millions except per share amounts and percentages)                         
                                                                            
                               Quarter Ended                Year Ended      
                      -------------------------------  -------------------- 
                                 Dec.  29,      Sep.  29,      Dec.  31,      Dec.  29,      Dec.  31,  
                                                  2012              2012              2011              2012              2011      
                                                                                                                                                        
                                            ---------    ---------    ---------    ---------    ---------  
                                                                                                                                                        
Net  revenue                      $      1,155    $      1,269    $      1,691    $      5,422    $      6,568  
                                                                                                                                                        
Cost  of  sales                              977                877                918            4,187            3,628  
                                                                                                                                                        
                                            ---------    ---------    ---------    ---------    ---------  
                                                                                                                                                        
Gross  margin                                178                392                773            1,235            2,940  
                                                                                                                                                        
Gross  margin  %                              15%                31%                46%                23%                45%
                                                                                                                                                        
Research  and                                                                                                                                
  development                                313                328                358            1,354            1,453  
                                                                                                                                                        
Marketing,  general                                                                                                                    
  and  administrative                  193                188                243                823                992  
                                                                                                                                                        
Amortization  of                                                                                                                          
  acquired  intangible                                                                                                                
  assets                                              4                    4                    3                  14                  29  
                                                                                                                                                        
Restructuring                                                                                                                              
  charges,  net                                90                    3                  98                100                  98  
                                                                                                                                                        
                                            ---------    ---------    ---------    ---------    ---------  
                                                                                                                                                        
Operating  income                                                                                                                        
  (loss)                                        (422)            (131)                71          (1,056)              368  
                                                                                                                                                        
Interest  income                              2                    2                    2                    8                  10  
Interest  expense                        (45)              (44)              (43)            (175)            (180)
Other  income                                                                                                                                
  (expense),  net                            (4)                16              (207)                  6              (199)
                                                                                                                                                        
                                            ---------    ---------    ---------    ---------    ---------  
                                                                                                                                                        
Loss  before  dilution                                                                                                                
  gain  in  investee  and                                                                                                              
  income  taxes                            (469)            (157)            (177)        (1,217)                (1)
                                                                                                                                                        
Provision  (benefit)                                                                                                                  
  for  income  taxes                          4                    -                  (4)              (34)                (4)
                                                                                                                                                        
Dilution  gain  in                                                                                                                        
  investee,  net                                -                    -                    -                    -                492  
                                                                                                                                                        
                                            ---------    ---------    ---------    ---------    ---------  
                                                                                                                                                        
Income  (loss)  from                                                                                                                    
  continuing                                                                                                                                  
  operations                                (473)            (157)            (173)        (1,183)              495  
                                                                                                                                                        
                                            ---------    ---------    ---------    ---------    ---------  
                                                                                                                                                        
Loss  from                                                                                                                                      
  discontinued                                                                                                                              
  operations,  net  of                                                                                                                  
  tax                                                    -                    -                  (4)                  -                  (4)
                                                                                                                                                        
                                            ---------    ---------    ---------    ---------    ---------  
                                                                                                                                                        
Net  income  (loss)          $        (473)  $        (157)  $        (177)  $    (1,183)  $          491  
                                                                                                                                                        
Net  income  (loss)  per                                                                                                              
  share                                                                                                                                            
                                                                                                                                                        
      Basic                                                                                                                                        
                                                                                                                                                        
            Continuing                                                                                                                        
              operations          $      (0.63)  $      (0.21)  $      (0.24)  $      (1.60)  $        0.68  
            Discontinued                                                                                                                    
              operations                          -                    -            (0.01)                  -            (0.01)
                                                                                                                                                        
                                            ---------    ---------    ---------    ---------    ---------  
      Basic  net  income                                                                                                                  
        (loss)  per  share    $      (0.63)  $      (0.21)  $      (0.24)  $      (1.60)  $        0.68  
                                                                                                                                                        
      Diluted                                                                                                                                    
                                                                                                                                                        
            Continuing                                                                                                                        
              operations          $      (0.63)  $      (0.21)  $      (0.24)  $      (1.60)  $        0.67  
            Discontinued                                                                                                                    
              operations                          -                    -            (0.01)                  -    $      (0.01)
                                                                                                                                                        
                                            ---------    ---------    ---------    ---------    ---------  
      Diluted  net  income                                                                                                              
        (loss)  per  share    $      (0.63)  $      (0.21)  $      (0.24)  $      (1.60)  $        0.66  
                                                                                                                                                        
Shares  used  in  per                                                                                                                    
  share  calculation                                                                                                                    
                                                                                                                                                        
      Basic                                        747                745                732                741                727  
                                                                                                                                                        
      Diluted                                    747                745                732                741                742  
                                                                                                                                                        
                                            ---------    ---------    ---------    ---------    ---------  
                                                                                                                                                        
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
CONDENSED  CONSOLIDATED  STATEMENTS  OF  COMPREHENSIVE  INCOME  (LOSS)                        
(Millions)                                                                                                                                    
                                                                                                                                                        
                                                              Quarter  Ended                                Year  Ended            
                                            -------------------------------    --------------------  
                                              Dec.  29,      Sep.  29,      Dec.  31,      Dec.  29,      Dec.  31,  
                                                  2012              2012              2011              2012              2011      
                                                                                                                                                        
                                            ---------    ---------    ---------    ---------    ---------  
                                                                                                                                                        
Total  comprehensive                                                                                                                  
  income  (loss)                $        (475)  $        (154)  $        (172)  $    (1,181)  $          486  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                          
CONDENSED  CONSOLIDATED  BALANCE  SHEETS                                                                        
(Millions)                                                                                                                              
                                                                                                                                                  
                                                                                        Dec.  29,    Sep.  29,    Dec.  31,  
                                                                                            2012            2012            2011      
                                                                                      ---------  ---------  ---------  
                                                                                                                                                  
Assets                                                                                                                                      
                                                                                                                                                  
Current  assets:                                                                                                                    
      Cash,  cash  equivalents  and  marketable                                                                  
        securities                                                          $      1,002  $      1,300  $      1,765  
      Accounts  receivable,  net                                            630              683              919  
      Inventories,  net                                                            562              744              476  
      Prepaid  expenses  and  other  current                                                                        
        assets                                                                                71                88                69  
                                                                                                                                                  
                                                                                      ---------  ---------  ---------  
                                                                                                                                                  
                  Total  current  assets                                    2,265          2,815          3,229  
                                                                                                                                                  
Long-term  marketable  securities                                    181              180              149  
Property,  plant  and  equipment,  net                              658              685              726  
Investment  in  GLOBALFOUNDRIES                                            -                  -              278  
Acquisition  related  intangible  assets,  net                96              100                  8  
Goodwill                                                                                  553              553              323  
Other  assets                                                                          247              279              241  
                                                                                                                                                  
                                                                                      ---------  ---------  ---------  
                                                                                                                                                  
Total  Assets                                                              $      4,000  $      4,612  $      4,954  
                                                                                      =========  =========  =========  
                                                                                                                                                  
Liabilities  and  Stockholders'  Equity                                                                          
                                                                                                                                                  
Current  liabilities:                                                                                                          
      Accounts  payable                                                $          278  $          412  $          363  
      Payable  to  GLOBALFOUNDRIES                                        454              448              177  
      Accrued  liabilities                                                      489              534              550  
      Deferred  income  on  shipments  to                                                                              
        distributors                                                                  108              110              123  
      Current  portion  of  long-term  debt  and                                                                  
        capital  lease  obligations                                            5                  5              489  
      Other  current  liabilities                                            63                46                72  
                                                                                                                                                  
                                                                                      ---------  ---------  ---------  
                                                                                                                                                  
                  Total  current  liabilities                          1,397          1,555          1,774  
                                                                                                                                                  
Long-term  debt  and  capital  lease                                                                                  
  obligations,  less  current  portion                          2,037          2,035          1,527  
Other  long-term  liabilities                                              28                33                63  
                                                                                                                                                  
Stockholders'  equity:                                                                                                        
      Capital  stock:                                                                                                                
            Common  stock,  par  value                                            7                  7                  7  
            Additional  paid-in  capital                              6,803          6,780          6,672  
            Treasury  stock,  at  cost                                      (109)          (109)          (107)
      Accumulated  deficit                                                (6,160)      (5,687)      (4,977)
      Accumulated  other  comprehensive  loss                      (3)              (2)              (5)
                                                                                                                                                  
                                                                                      ---------  ---------  ---------  
                                                                                                                                                  
                  Total  stockholders'  equity                            538              989          1,590  
                                                                                                                                                  
                                                                                      ---------  ---------  ---------  
                                                                                                                                                  
Total  Liabilities  and  Stockholders'  Equity  $      4,000  $      4,612  $      4,954  
                                                                                      =========  =========  =========  
                                                                                                                                                  
                                                                                                                                                  
                                                                                                                                                  
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
CONDENSED  CONSOLIDATED  STATEMENT  OF  CASH  FLOWS                                                            
(Millions)                                                                                                                                    
                                                                                                                Quarter            Year      
                                                                                                                  Ended            Ended      
                                                                                                              ---------    ---------  
                                                                                                                Dec.  29,      Dec.  29,  
                                                                                                                    2012              2012      
                                                                                                              ---------    ---------  
Cash  flows  from  operating  activities:                                                                              
      Net  loss                                                                                        $        (473)  $    (1,183)
      Adjustments  to  reconcile  net  loss  to  net  cash  used                                              
        in  operating  activities:                                                                                                
            Non-cash  portion  of  the  limited  waiver  of                                                          
              exclusivity  from  GLOBALFOUNDRIES                                                -                278  
            Depreciation  and  amortization                                                      66                260  
            Benefit  for  deferred  income  taxes                                                1                (40)
            Compensation  recognized  under  employee  stock                                                    
              plans                                                                                                    23                  97  
            Non-cash  interest  expense                                                                6                  23  
            Impairment  charge  on  certain  marketable                                                              
              securities                                                                                            4                    4  
            Other                                                                                                        4                    3  
      Changes  in  operating  assets  and  liabilities:                                                          
            Accounts  receivable                                                                          53                290  
            Inventories                                                                                        183                (83)
            Prepaid  expenses  and  other  current  assets                              10                (20)
            Other  assets                                                                                          1                (12)
            Payable  to  GLOBALFOUNDRIES                                                              6                277  
            Accounts  payable,  accrued  liabilities  and  other              (170)            (232)
                                                                                                              ---------    ---------  
Net  cash  used  in  operating  activities                                    $        (286)  $        (338)
                                                                                                              ---------    ---------  
                                                                                                                                                        
Cash  flows  from  investing  activities:                                                                              
      Acquisition  of  SeaMicro,  Inc.,  net  of  cash  acquired                  -              (281)
      Purchases  of  property,  plant  and  equipment                                (22)            (133)
      Purchases  of  available-for-sale  securities                              (195)            (944)
      Proceeds  from  sale  and  maturity  of  available-for-                                                
        sale  securities                                                                                    257            1,348  
      Other                                                                                                            14                  (9)
                                                                                                              ---------    ---------  
Net  cash  provided  by  (used  in)  investing  activities        $            54    $          (19)
                                                                                                              ---------    ---------  
                                                                                                                                                        
Cash  flows  from  financing  activities:                                                                              
      Net  proceeds  from  debt  issuance                                                          -                491  
      Net  proceeds  from  foreign  grants                                                        5                  23  
      Proceeds  from  issuance  of  AMD  common  stock                                    2                  14  
      Repayments  of  debt  and  capital  lease  obligations                      (1)            (489)
      Other                                                                                                            (1)                (2)
                                                                                                              ---------    ---------  
Net  cash  provided  by  financing  activities                            $              5    $            37  
                                                                                                              ---------    ---------  
Net  decrease  in  cash  and  cash  equivalents                                      (227)            (320)
                                                                                                              ---------    ---------  
Cash  and  cash  equivalents  at  beginning  of  period              $          776    $          869  
                                                                                                              ---------    ---------  
Cash  and  cash  equivalents  at  end  of  period                          $          549    $          549  
                                                                                                              ---------    ---------  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
ADVANCED  MICRO  DEVICES,  INC.                                                                                                
SELECTED  CORPORATE  DATA                                                                                                          
(Millions  except  headcount)                                                                                                  
                                                                                                                                                        
                                                                                                                                                        
                                                            Quarter  Ended                                  Year  Ended            
------------------------------------------------------  ---------------------
Segment  and  Category    Dec.  29,        Sep.  29,      Dec.  31,      Dec.  29,      Dec.  31,  
  Information                        2012                2012              2011              2012              2011      
                                                                                                                                                        
------------------------------------------------------  ---------------------
                                                                                                                                                        
Computing  Solutions                                                                                                                  
  (1)                                                                                                                                                
    Net  revenue              $              829    $          927    $      1,309    $      4,005    $      5,002  
    Operating  income                                                                                                                    
      (loss)                      $            (323)  $        (114)  $          165    $        (231)  $          556  
                                                                                                                                                        
Graphics  (2)                                                                                                                                
    Net  revenue                              326                342                382            1,417            1,565  
    Operating  income                      22                  18                  27                105                  51  
                                                                                                                                                        
All  Other  (3)                                                                                                                              
    Net  revenue                                  -                    -                    -                    -                    1  
    Operating  loss                      (121)              (35)            (121)            (930)            (239)
                                                                                                                                                        
Total                                                                                                                                              
    Net  revenue              $          1,155    $      1,269    $      1,691    $      5,422    $      6,568  
    Operating  income                                                                                                                    
      (loss)                      $            (422)  $        (131)  $            71    $    (1,056)  $          368  
                                                                                                                                                        
------------------------------------------------------  ---------------------
                                                                                                                                                        
Other  Data                                                                                                                                    
--------------------                                                                                                                
                                                                                                                                                        
    Depreciation  and                                                                                                                    
      amortization                                                                                                                          
      (excluding                                                                                                                              
      amortization  of                                                                                                                    
      acquired                                                                                                                                  
      intangible                                                                                                                              
      assets)                    $                62    $            62    $            67    $          247    $          288  
    Capital  additions  $                22    $            32    $            87    $          133    $          250  
    Adjusted  EBITDA                                                                                                                      
      (4)                            $                30    $          (35)  $          260    $          389    $          902  
    Cash,  cash                                                                                                                                
      equivalents  and                                                                                                                    
      marketable                                                                                                                              
      securities  (5)      $          1,183    $      1,480    $      1,914    $      1,183    $      1,914  
    Adjusted  free  cash                                                                                                                
      flow  (6)                  $            (308)  $        (272)  $          100    $        (471)  $          528  
    Total  assets            $          4,000    $      4,612    $      4,954    $      4,000    $      4,954  
    Long-term  debt  and                                                                                                                
      capital  lease                                                                                                                        
      obligations,                                                                                                                          
      including  current                                                                                                                
      portion                    $          2,042    $      2,040    $      2,016    $      2,042    $      2,016  
    Headcount                            10,340          11,813          11,093          10,340          11,093  
                                                                                                                                                        
------------------------------------------------------  ---------------------
                                                                                                                                                        
See  footnotes  on  the  next  page                                                                                            
                                                                                                                                                        
(1)  Computing  Solutions  segment  includes  microprocessors,  as  standalone          
        devices  or  as  incorporated  as  an  Accelerated  Processing  Unit,  chipsets,  
        and  embedded  processors.                                                                                                
                                                                                                                                                        
(2)  Graphics  segment  includes  graphics,  video  and  multimedia  products              
        developed  for  use  in  desktop  and  notebook  computers,  including  home          
        media  PCs,  professional  workstations  and  servers  as  well  as  revenue          
        received  in  connection  with  the  development  and  sale  of  game  console        
        systems  that  incorporate  the  Company's  graphics  technology.                          
                                                                                                                                                        
(3)  All  Other  category  includes  certain  expenses  and  credits  that  are  not      
        allocated  to  any  of  the  operating  segments.  Also  included  in  this              
        category  are  amortization  of  acquired  intangible  assets,  stock-based        
        compensation  expense,  restructuring  charges  and  a  charge  related  to  the  
        limited  waiver  of  exclusivity  from  GLOBALFOUNDRIES  ("GF").                            
                                                                                                                                                        
(4)  Reconciliation  of  GAAP  operating  income  (loss)  to  Adjusted  EBITDA*            
                                                                                                                                                        
                                                                      Quarter  Ended                          Year  Ended          
                                                      ----------------------------    ------------------  
                                                      Dec.  29,    Sep.  29,    Dec.  31,    Dec.  29,    Dec.  31,  
                                                          2012            2012            2011            2012            2011      
                                                      --------    --------    --------    --------    --------  
        GAAP  operating  income                                                                                                      
          (loss)                                $      (422)  $      (131)  $          71    $  (1,056)  $        368  
            Lower  of  cost  or                                                                                                            
              market  charge                                                                                                                
              related  to  GF  take-                                                                                                    
              or-pay  obligation                273                  -                  -              273                  -  
            Limited  waiver  of                                                                                                          
              exclusivity  from  GF                -                  -                  -              703                  -  
            Payments  to  GF                            -                  -                  -                  -                24  
            Legal  settlement                        -                  -                  -                  5                  5  
            Depreciation  and                                                                                                            
              amortization                            62                62                67              247              288  
            Employee  stock-based                                                                                                    
              compensation                                                                                                                  
              expense                                      23                27                21                97                90  
            Amortization  of                                                                                                              
              acquired  intangible                                                                                                    
              assets                                          4                  4                  3                14                29  
            Restructuring                                                                                                                  
              charges,  net                            90                  3                98              100                98  
            SeaMicro  acquisition                                                                                                    
              costs                                            -                  -                  -                  6                  -  
                                                      --------    --------    --------    --------    --------  
        Adjusted  EBITDA                $          30    $        (35)  $        260    $        389    $        902  
                                                      ========    ========    ========    ========    ========  
                                                                                                                                                        
                                                                                                                                                        
(5)  Cash,  cash  equivalents  and  marketable  securities  also  include  the  long-  
        term  portion  of  marketable  securities.                                                                    
                                                                                                                                                        
(6)  Non-GAAP  adjusted  free  cash  flow  reconciliation**                                              
                                                                                                                                                        
                                                                      Quarter  Ended                          Year  Ended          
                                                      ----------------------------    ------------------  
                                                      Dec.  29,    Sep.  29,    Dec.  31,    Dec.  29,    Dec.  31,  
                                                          2012            2012            2011            2012            2011      
                                                      --------    --------    --------    --------    --------  
        GAAP  net  cash  provided                                                                                                    
          by  (used  in)                                                                                                                      
          operating  activities    $      (286)  $      (240)  $        187    $      (338)  $        382  
            Non-GAAP  adjustment                  -                  -                  -                  -              396  
                                                      --------    --------    --------    --------    --------  
        Non-GAAP  net  cash                                                                                                              
          provided  by  (used  in)                                                                                                    
          operating  activities            (286)          (240)            187            (338)            778  
            Purchases  of                                                                                                                    
              property,  plant  and                                                                                                    
              equipment                                (22)            (32)            (87)          (133)          (250)
                                                      --------    --------    --------    --------    --------  
        Non-GAAP  adjusted  free                                                                                                    
          cash  flow                          $      (308)  $      (272)  $        100    $      (471)  $        528  
                                                      ========    ========    ========    ========    ========  
                                                                                                                                                        
                                                                                                                                                        
        *  The  Company  presents  "Adjusted  EBITDA"  as  a  supplemental  measure  of      
        its  performance.  Adjusted  EBITDA  for  the  Company  is  determined  by              
        adjusting  operating  income  (loss)  for  depreciation  and  amortization,        
        employee  stock-based  compensation  expense  and  amortization  of  acquired    
        intangible  assets.In  addition,  the  Company  also  included  the  following    
        adjustments  for  the  applicable  period:  for  the  fourth  quarter  of  2012,    
        the  Company  also  included  adjustments  for  the  lower  of  cost  or  market      
        charge  (LCM  Charge)  related  to  GF  take-or-pay  obligation  and  net                
        restructuring  charges;  for  the  third  quarter  of  2012  and  the  fourth          
        quarter  of  2011,  the  Company  also  included  an  adjustment  for  net                
        restructuring  charges;  for  2012,  the  Company  also  included  adjustments    
        for  the  LCM  Charge,  a  charge  related  to  the  limited  waiver  of                      
        exclusivity  from  GF,  a  legal  settlement  with  a  third  party,  net                  
        restructuring  charges  and  costs  related  to  the  acquisition  of  SeaMicro;  
        and  for  2011,  the  Company  also  included  adjustments  related  to  a                
        payment  to  GF,  a  legal  settlement  with  a  third  party  and  net                        
        restructuring  charges.  The  Company  calculates  and  communicates  Adjusted  
        EBITDA  in  the  financial  schedules  because  the  Company's  management            
        believes  it  is  of  importance  to  investors  and  lenders  in  relation  to        
        its  overall  capital  structure  and  its  ability  to  borrow  additional            
        funds.  In  addition,  the  Company  presents  Adjusted  EBITDA  because  it          
        believes  this  measure  assists  investors  in  comparing  its  performance        
        across  reporting  periods  on  a  consistent  basis  by  excluding  items  that    
        the  Company  does  not  believe  are  indicative  of  its  core  operating              
        performance.  The  Company's  calculation  of  Adjusted  EBITDA  may  or  may        
        not  be  consistent  with  the  calculation  of  this  measure  by  other                  
        companies  in  the  same  industry.  Investors  should  not  view  Adjusted            
        EBITDA  as  an  alternative  to  the  GAAP  operating  measure  of  operating          
        income  (loss)  or  GAAP  liquidity  measures  of  cash  flows  from  operating,    
        investing  and  financing  activities.  In  addition,  Adjusted  EBITDA  does      
        not  take  into  account  changes  in  certain  assets  and  liabilities  as  well  
        as  interest  and  income  taxes  that  can  affect  cash  flows.                                
                                                                                                                                                        
        **  The  Company  also  presents  non-GAAP  adjusted  free  cash  flow  in  the        
        earnings  release  as  a  supplemental  measure  of  its  performance.  In  2008    
        and  2009,  the  Company  and  certain  of  its  subsidiaries  (collectively,        
        the  "AMD  Parties")  entered  into  supplier  agreements  with  IBM  Credit  LLC  
        and  certain  of  its  subsidiaries  (collectively,  the  "IBM  Parties").            
        Pursuant  to  these  supplier  agreements,  the  AMD  Parties  sold  to  the  IBM    
        Parties  invoices  of  selected  distributor  customers.  Because  the  Company  
        does  not  recognize  revenue  until  its  distributors  sell  its  products  to    
        their  customers,  under  GAAP,  the  Company  classified  funds  received  from  
        the  IBM  Parties  as  debt  on  the  balance  sheet.  Moreover,  for  cash  flow      
        purposes,  these  funds  were  classified  as  cash  flows  from  financing            
        activities.  When  a  distributor  paid  the  applicable  IBM  Party,  the              
        Company  reduced  the  distributor's  accounts  receivable  and  the                      
        corresponding  debt  resulted  in  a  noncash  accounting  entry.  Because  the    
        Company  did  not  receive  the  cash  from  the  distributor  to  reduce  the          
        accounts  receivable,  the  distributor's  payment  was  not  reflected  in  the  
        Company's  cash  flows  from  operating  activities.  Non-GAAP  adjusted  free    
        cash  flow  for  the  Company  was  determined  by  adding  the  distributors'        
        payments  to  the  IBM  Parties  to  GAAP  net  cash  provided  by  (used  in)            
        operating  activities.  This  amount  was  then  further  adjusted  by                    
        subtracting  capital  expenditures.  Generally,  under  GAAP,  the  reduction    
        in  accounts  receivable  is  assumed  to  be  a  source  of  operating  cash            
        flows.  Therefore,  the  Company  believes  that  treating  the  payments  from    
        its  distributor  customers  to  the  IBM  Parties  as  if  the  Company  actually  
        received  the  cash  from  the  distributor  and  then  used  that  cash  to  pay      
        down  the  debt  is  more  reflective  of  the  economic  substance  of  the              
        transaction.  On  February  11,  2011,  the  Company  terminated  its  supplier    
        agreements  with  IBM  Parties.  As  a  result,  as  of  the  end  of  the  second      
        quarter  of  2011,  there  were  no  outstanding  invoices  relating  to  the          
        financing  arrangement  with  the  IBM  Parties,  and  starting  from  the  third  
        quarter  of  2011,  the  Company  no  longer  makes  quarterly  adjustments  for    
        distributors'  payments  to  the  IBM  Parties  to  its  GAAP  net  cash  provided  
        by  (used  in)  operating  activities  when  calculating  non-GAAP  adjusted        
        free  cash  flow.  The  Company  calculates  and  communicates  non-GAAP                
        adjusted  free  cash  flow  in  the  financial  schedules  because  the                    
        Company's  management  believes  it  is  of  importance  to  investors  to              
        understand  the  nature  of  these  cash  flows.  The  Company's  calculation  of  
        non-GAAP  adjusted  free  cash  flow  may  or  may  not  be  consistent  with  the    
        calculation  of  this  measure  by  other  companies  in  the  same  industry.        
        Investors  should  not  view  non-GAAP  adjusted  free  cash  flow  as  an                
        alternative  to  GAAP  liquidity  measures  of  cash  flows  from  operating  or    
        financing  activities.  The  Company  has  provided  reconciliations  within      
        the  press  release  and  financial  schedules  of  these  non-GAAP  financial      
        measures  to  the  most  directly  comparable  GAAP  financial  measures.              
 

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