AMD and JD.com Announce Collaboration to Expand Availability of AMD Ryzen Desktop Processors in China
January 10 2018 - 4:15PM
At the 2018 International Consumer Electronics Show (CES), AMD
(NASDAQ:AMD) and JD.com (NASDAQ:JD), China's largest retailer,
announced the intent to establish JD.com as the newest authorized
distributor of AMD microprocessors to provide Chinese consumers
with greater access to high-performance AMD Ryzen™ processors.
“JD.com is China's leading online retailer with the deep
expertise required to help drive broader availability of AMD Ryzen
processors in China,” said AMD President and Chief Executive
Officer Dr. Lisa Su. “We are excited to be working with JD.com to
provide Chinese technology consumers with greater access to
high-performance AMD products.”
“As a leader in the IT industry, AMD has delivered to market
numerous excellent hardware products over the years. JD.com is
looking forward to becoming one of the master distributors of AMD
processors in China,” said President of JD Electronics and
Lifestyle Shengli Hu. “JD.com will deliver online sales advantages
to bring the excellent AMD processors, including its latest Ryzen
offerings, to Chinese consumers throughout the country.”
About AMDFor more than 45 years AMD has driven
innovation in high-performance computing, graphics, and
visualization technologies ― the building blocks for gaming,
immersive platforms, and the datacenter. Hundreds of millions of
consumers, leading Fortune 500 businesses, and cutting-edge
scientific research facilities around the world rely on AMD
technology daily to improve how they live, work, and play. AMD
employees around the world are focused on building great products
that push the boundaries of what is possible. For more information
about how AMD is enabling today and inspiring tomorrow, visit the
AMD (NASDAQ:AMD) website, blog, Facebook and Twitter pages.
Cautionary Statement This press release
contains forward-looking statements concerning Advanced Micro
Devices, Inc. (AMD) including AMD’s intention to appoint JD.com as
a distributor of AMD microprocessors in China, the ability of AMD
and JD.com to enter into a definitive agreement; the benefits AMD
expects from entering into a definitive agreement with JD.com as a
distributor of AMD microprocessors in China, which are made
pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
commonly identified by words such as "would," "intends,"
"believes," "expects," "may," "will," "should," "seeks," "intends,"
"plans," "pro forma," "estimates," "anticipates," or the negative
of these words and phrases, other variations of these words and
phrases or comparable terminology. Investors are cautioned that the
forward-looking statements in this document are based on current
beliefs, assumptions and expectations, speak only as of the date of
this document and involve risks and uncertainties that could cause
actual results to differ materially from current expectations. Such
statements are subject to certain known and unknown risks and
uncertainties, many of which are difficult to predict and generally
beyond AMD's control, that could cause actual results and other
future events to differ materially from those expressed in, or
implied or projected by, the forward-looking information and
statements. Material factors that could cause actual results to
differ materially from current expectations include, without
limitation, the following: Intel Corporation’s dominance of the
microprocessor market and its aggressive business practices may
limit AMD’s ability to compete effectively; AMD has a wafer supply
agreement with GF with obligations to purchase all of its
microprocessor and APU product requirements, and a certain portion
of its GPU product requirements, from GLOBALFOUNDRIES Inc. (GF)
with limited exceptions. If GF is not able to satisfy AMD’s
manufacturing requirements, its business could be adversely
impacted; AMD relies on third parties to manufacture its products,
and if they are unable to do so on a timely basis in sufficient
quantities and using competitive technologies, AMD’s business could
be materially adversely affected; failure to achieve expected
manufacturing yields for AMD’s products could negatively impact its
financial results; the success of AMD’s business is dependent upon
its ability to introduce products on a timely basis with features
and performance levels that provide value to its customers while
supporting and coinciding with significant industry transitions; if
AMD cannot generate sufficient revenue and operating cash flow or
obtain external financing, it may face a cash shortfall and be
unable to make all of its planned investments in research and
development or other strategic investments; the loss of a
significant customer may have a material adverse effect on AMD;
AMD’s receipt of revenue from its semi-custom SoC products is
dependent upon its technology being designed into third-party
products and the success of those products; global economic
uncertainty may adversely impact AMD’s business and operating
results; the markets in which AMD’s products are sold are highly
competitive; AMD may not be able to generate sufficient cash to
service its debt obligations or meet its working capital
requirements; AMD has a large amount of indebtedness which could
adversely affect its financial position and prevent it from
implementing its strategy or fulfilling its contractual
obligations; the agreements governing AMD’s notes and the Secured
Revolving Line of Credit impose restrictions on AMD that may
adversely affect its ability to operate its business; AMD's
issuance to West Coast Hitech L.P. (WCH) of warrants to purchase 75
million shares of its common stock, if and when exercised, will
dilute the ownership interests of its existing stockholders, and
the conversion of the 2.125% Convertible Senior Notes due 2026 may
dilute the ownership interest of its existing stockholders, or may
otherwise depress the price of its common stock; uncertainties
involving the ordering and shipment of AMD’s products could
materially adversely affect it; the demand for AMD’s products
depends in part on the market conditions in the industries into
which they are sold. Fluctuations in demand for AMD’s products or a
market decline in any of these industries could have a material
adverse effect on its results of operations; AMD’s ability to
design and introduce new products in a timely manner is dependent
upon third-party intellectual property; AMD depends on third-party
companies for the design, manufacture and supply of motherboards,
software and other computer platform components to support its
business; if AMD loses Microsoft Corporation’s support for its
products or other software vendors do not design and develop
software to run on AMD’s products, its ability to sell its products
could be materially adversely affected; and AMD’s reliance on
third-party distributors and AIB partners subjects it to certain
risks. Investors are urged to review in detail the risks and
uncertainties in AMD's Securities and Exchange Commission filings,
including but not limited to AMD's Quarterly Report on Form 10-Q
for the quarter ended September 30, 2017.
AMD, the AMD Arrow logo, Ryzen, and combinations
thereof, are trademarks of Advanced Micro Devices, Inc. Other names
are for informational purposes only and may be trademarks of their
respective owners.
Contact: Drew
Prairie AMD Communications (512)
602-4425 drew.prairie@amd.com
Alina OstrovskyAMD Investor Relations(408)
749-6688Alina.Ostrovsky@amd.com
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