AMD and Oxide Games Join Forces to Advance Cloud Gaming Graphics
April 30 2020 - 9:01AM
AMD (NASDAQ: AMD) and Oxide Games today announced a multi-year
partnership to co-develop graphics technologies for the growing
cloud gaming market. By combining leadership gaming hardware and
graphics expertise from AMD with Oxide’s proven development
capabilities and innovative Nitrous game engine, the companies plan
to create a robust set of tools and technologies for cloud
rendering designed from the ground up to embrace the real-time
demands of cloud-based gaming.
“At AMD, we pride ourselves on our ability to push the
boundaries of what technology can do so it elevates the gaming
experience,” said Scott Herkelman, corporate vice president and
general manager, Graphics Business Unit, AMD. “Oxide shares this
passion and is an ideal partner for us as we expand the way gamers
play, while delivering the quality experience they demand.”
“Oxide’s motto is to bring games to life that have never been
seen or experienced before. We built the Nitrous Engine
specifically with that purpose in mind,” said Marc Meyer, president
of Oxide Games. “AMD’s commitment to gamers and their leadership in
pushing the edge of state-of-the-art hardware is a perfect
complement to Oxide’s commitment to the same excellence in
software.”
Supporting Resources
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About AMDFor 50 years AMD has driven innovation
in high-performance computing, graphics and visualization
technologies ― the building blocks for gaming, immersive platforms
and the data center. 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.
About Oxide GamesOxide Games was founded in
2013 by award winning game industry veterans and engineers to build
games that have never been seen or experienced before by using its’
own proprietary Nitrous Engine. With its’ bold mission to exploit
the vast untapped potential in today’s multicore hardware as well
as the hardware of the future, Oxide has grown from a basement
startup to well over 50 employees and continues to grow. Oxide’s
proven industry track record of innovation with next generation
APIs and multicore rendering helps set new standards for the
Industry. For more information about Oxide, visit the Oxide website
at www.oxidegames.com.
Cautionary Statement This press release
contains forward-looking statements concerning Advanced Micro
Devices, Inc. (AMD) including the plans and expectations of the
partnership with Oxide Games, 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 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 and market uncertainty may adversely
impact AMD’s business and operating results; the ongoing novel
coronavirus (COVID-19) pandemic could materially adversely affect
AMD’s business, financial condition and results of operations;
AMD’s worldwide operations are subject to political, legal and
economic risks and natural disasters which could have a material
adverse effect on AMD; government actions and regulations such as
export administration regulations, tariffs and trade protection
measures, may limit AMD’s ability to export its products to certain
customers; AMD products may be subject to security vulnerabilities
that could have a material adverse effect on AMD; IT outages, data
loss, data breaches and cyber-attacks could compromise AMD’s
intellectual property or other sensitive information, be costly to
remediate and cause significant damage to its business, reputation
and operations; uncertainties involving the ordering and shipment
of AMD’s products could materially adversely affect it; AMD’s
operating results are subject to quarterly and seasonal sales
patterns; the agreements governing AMD’s notes and the Secured
Revolving Facility impose restrictions on AMD that may adversely
affect its ability to operate its business; the markets in which
AMD’s products are sold are highly competitive; 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; 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, memory 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 28,
2020.
AMD, the AMD Arrow logo, 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:Sarah
YoungbauerAMD Communications(512)
602-3028sarah.youngbauer@amd.com
Jason SchmidtAMD Investor
Relations(408) 749-6688jason.schmidt@amd.com
Dan BakerOxide Games
Communications(206) 419-0406press@oxidegames.com
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