This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. ("AMD") including, among other things, the benefits and expectations of AMD's Radeon RX Series 480 graphics cards, 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 presentation 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. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: the possibility that Intel Corporation's dominance of the microprocessor market and its aggressive business practices may limit AMD's ability to compete effectively; AMD relies on GLOBALFOUNDRIES Inc. (GF) to manufacture all of its microprocessor and APU products and a certain portion of its GPU products, 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; 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 substantial 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 (Secured Revolving Line of Credit) impose restrictions on AMD that may adversely affect its ability to operate its business; the completion and impact of its restructuring plan announced in October 2015, its transformation initiatives and any future restructuring actions could adversely affect it; the markets in which AMD's products are sold are highly competitive; uncertainties involving the ordering and shipment of AMD's products could materially adversely affect it; 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; 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 March 26, 2016.
AMD, the AMD Arrow logo, OverDrive, Radeon, and combinations thereof, are trademarks of Advanced Micro Devices, Inc. DirectX is a registered trademark of Microsoft Corporation in the US and other jurisdictions. Vulkan and the Vulkan logo are trademarks of Khronos Group Inc. HDMI, the HDMI logo and High-Definition Multimedia Interface are trademarks or registered trademarks of HDMI Licensing, LLC in the United States and other countries. Other names are for informational purposes only and may be trademarks of their respective owners. Use of third party marks / names is for informational purposes only and no endorsement of or by AMD is intended or implied.
1. As of June 22 2016, leading performance/$ in its class based on testing of the Radeon RX 480 8GB, Radeon R9 380X, Radeon R9 390, GeForce GTX 960, and GeForce GTX 970 in Doom in Ultra quality with TSSAA (8TX) at 1440p resolution, Fallout 4 in Ultra settings at 1440p resolution, Far Cry 4 in Ultra settings at 1440p resolution, The Witcher 3 in Ultra settings at 1440p resolution, Rise of the Tomb Raider in High settings at 1440p resolution in DirectX 11, Rise of the Tomb Raider in High settings in 1440p resolution in DirectX 12, Ashes of the Singularity in Extreme Quality settings at 1440p resolution in DirectX 12, The Division at Ultra settings at 1440p resolution, Crysis 3 in Very High settings with FXAA at 1440p resolution, Hitman at Ultra settings at 1440p in DirectX 12, Far Cry Primal in Very High settings at 1440p resolution, GTA V in Ultra settings at 1440p resolution, Battlefield 4 in Ultra settings at 1440p resolution on the naval map, Shadow of Mordor in Max settings at 1440p resolution, and Dirt Rally in High settings with 4xMSAA at 1440p resolution. The Radeon RX 480 8GB priced at SEP $239 scored a mean FPS of 51.2, the Radeon RX 380X priced at $229 scored a mean FPS of 39.2, the Radeon R9 390 priced at $309 scored a mean FPS of 53.8, the GeForce GTX 960 priced at $209.99 had a mean FPS of 33.5 and the GeForece GTX 970 priced at $304.99 had a mean FPS of 50.1. Pricing as of June 22, 2016. See pcpartpicker.com for pricing information. Testing conducted by AMD performance labs as of June 22, 2016 on a test system using the cards above and an Intel Core i7-5960X, 16GB DDR4-2666, Gigabyte X99-UD4, Windows 10 x64 (build 10586), and Radeon Software Crimson Edition 16.5.2 and Nvidia driver 368.39. Performance may vary based on use of latest driver versions. Test results are not average and may vary, RX-18
2. Statement of "future-proof" refers to support of current and upcoming technology standards including 14nm FinFET process technology, DirectX®12 and Vulkan™ API support, new display technology, and experiences such as VR. "Future-proof" statement is not meant to serve as a warranty or indicate that users will never have to upgrade their graphics technology again. Support of current and upcoming technology standards described above has the potential to reduce frequency of graphics upgrades for some users. RX-5
3. Testing conducted by AMD performance labs as of May 18, 2016 on the Radeon RX 480 and Radeon R9 290 on a test system comprising Intel Core i7-5960X, 16GB DDR4-2666, Gigabyte X99-UD4, Windows 10 x64 (build 10586), Radeon Software Crimson Edition 16.5.2 using Ashes of Singularity, GTA V, Project Cars, Witcher, and Assassin's Creed Syndicate, all games tested at 1440p. Radeon RX 480 graphics (150W TGP/36 CU) vs. Radeon R9 290 graphics (275W TGP/40 CU) scores as follows: Ashes of the Singularity (44.19 FPS vs 46 FPS); GTA V (66.23 FPS vs. 66.44 FPS); Project Cars (48.99 FPS vs. 45.99 FPS); Witcher 3 (50.78 FPS vs. 50.13 FPS); Assassin's Creed Syndicate (50.51 FPS vs. 45.78 FPS). Average FPS of above game scores: 52.14 (Radeon RX 480) vs. 50.06 (Radeon R9 290). Discrete AMD Radeon™ GPUs and AMD FirePro™ GPUs based on the Graphics Core Next architecture consist of multiple discrete execution engines known as a Compute Unit ("CU"). Each CU contains 64 shaders ("Stream Processors") working in unison (GD-78). CU efficiency formula = average FPS/# of CUs. Test results are not average and may vary. RX-4
4. Testing conducted by AMD Performance Labs as of May 10, 2016 on 3DMark 11 and 3DMark Firestrike using a test system comprising of an i7-4600M, 8GB, AMD Radeon driver 16.20. AMD Radeon R9 M280X (14CUs) scored 5700 and 3500 with a board power of 82W. AMD Radeon RX 480M (16CUs) scored 7200 and 4070 with a board power of 35W. Using Performance/Board power, the resulting average across the 2 different titles was a perf per watt of 2.8X vs the Radeon R9 M280X. RX-5
