AMD Celebrates 10 Years of Innovation In Dresden

SUNNYVALE, Calif. and DRESDEN-Oct. 24, 2006-Today in Dresden, Germany,
AMD (NYSE: AMD) commemorated the 10-year anniversary of its
Dresden-based operations with a ceremony attended by German Chancellor
Dr. Angela Merkel and an employee celebration. Joining the Chancellor
was Governor of Saxony, Professor Georg Milbradt, AMD Chairman and CEO,
Hector Ruiz and General Manager of AMD Dresden, Hans Deppe. On October
24, 1996 AMD broke ground for its first Dresden based microprocessor
production facility, Fab 30, initiating ten years of continuous
technology innovation and launching a unique German-American success
story.

“AMD’s success rests in large part on our ability to manufacture
and deliver innovative products in volume,” said Hector Ruiz, Chairman
and CEO of AMD. “Thanks to tremendous government support and our great
Dresden employees, Fab 30 and Fab 36 have unmatched reputations for
delivering the solutions our customers need. Technology leadership and a
fair and competitive business
environment will enable AMD Dresden to continue to grow and set new
standards of operational efficiency.”

During the last decade, AMD’s Fab 30 has developed a reputation as one
of the semiconductor industry’s most efficient manufacturing facilities.
AMD extended this facility several times to increase capacity, and
invested further in two Dresden-based joint ventures: the Advanced Mask
Technology Center and the Center for Nanoelectronic Technologies. In
October 2005, AMD significantly expanded its presence in Dresden by
bringing online Fab 36, a state-of-the art 300mm wafer production
facility. In May 2006, AMD announced the planned 300mm transformation
of Fab 30 to Fab 38. By the end of 2008, AMD Dresden will have two
leading edge 300mm production facilities with the capability of
delivering up to 45,000 wafers per month.

“AMD’s presence has significantly contributed to the region of Saxony
becoming the creative hotbed for the semiconductor industry in Europe,”
said Professor Georg Milbradt, Governor of the Free State of Saxony. “I
would like to cordially congratulate AMD and its employees on ten
successful years in Dresden. We look forward to continuing our strong
partnership with AMD in the future.”

Over the last ten years AMD Dresden has seen its employee population
grow dramatically. In 1996, the company planned to have 1,400 employees
once fully staffed. In August 2006, AMD Dresden welcomed its 3,000th
employee. It is expected that AMD Dresden is responsible for more than
8,000 direct and indirect jobs in the Free State of Saxony and the
surrounding regions. As one of the largest private investors in
Germany, AMD’s presence has been instrumental in establishing Dresden as
a thriving center for semiconductor innovation in the European Union.

AMD’s Dresden-based operations have pioneered the use of innovative new
manufacturing technologies and processes including Automated Precision
Manufacturing (APM), lean methodologies, copper interconnects and
Silicon on Insulator (SOI) technology. Currently, AMD is successfully
ramping 65nm process
technology in Fab 36, and revenue shipments remain on track for the
fourth quarter of 2006.