AMD Announces Plan to Invest $135 Million to Expand Adaptive Computing Research, Development and Engineering Operations in Ireland
2023年6月21日 - 3:00PM
AMD (NASDAQ: AMD) today announced plans for continued growth in
Ireland through an investment of up to $135 million over four
years. The investment is intended to fund several strategic R&D
projects through the addition of up to 290 highly skilled
engineering and research positions, as well as a broad range of
additional support roles.
The development is being formally announced in Dublin today by
Minister for Enterprise, Trade and Employment, Simon Coveney TD,
and Ruth Cotter, senior vice president, Marketing, Communications
and Human Resources at AMD. The new investment is supported by the
Irish government through IDA Ireland.
"I warmly welcome the ambitious plans of AMD to expand their
advanced R&D and engineering operations in Ireland. This
significant investment will not only bolster our thriving
technology sector but also create long-term career opportunities
for both highly experienced professionals and new graduates from
engineering disciplines. The company’s plans to add up to 290 new
positions and its funding of strategically important R&D
projects demonstrate its confidence in Ireland's supportive
enterprise environment and infrastructure. The Irish government,
through IDA Ireland, is delighted to support this expansion,
further solidifying our commitment to nurturing a vibrant ecosystem
for research, development, and engineering,” said Simon Coveney TD,
Minister for Enterprise, Trade and Employment.
“From the cloud and PCs to communications and intelligent end
points, AMD’s high-performance and adaptive computing solutions
play an increasingly larger role in shaping the future of computing
today. For nearly three decades, Ireland has been a flagship
European R&D centre developing adaptive computing solutions,
drawing from a strong and highly-skilled workforce. By further
investing and expanding our presence in Dublin and Cork, we are
committed to continuing to both drive innovation in Ireland and to
support the European semiconductor ecosystem. Through this
investment, our R&D teams in Ireland will design innovative
high-performance and adaptive computing engines to accelerate data
centre, networking, 6G communications and embedded solutions while
taking a leadership position on artificial intelligence,” said Ruth
Cotter, senior vice president, Marketing, Communications and Human
Resources at AMD.
Prior to the acquisition of Xilinx by AMD in 2022, Xilinx
partnered with IDA Ireland on a number of occasions to advance
semiconductor innovation in Ireland. Most recently, in 2017, Xilinx
announced a $40 million investment to expand its research,
development and engineering operations, as well as recruit over 100
new skilled employees.
“This investment will continue to push the boundaries of what is
possible while contributing further to Ireland's position as a
global technology leader. This expansion further strengthens the
company’s presence in Ireland as a leading centre of semiconductor
innovation and puts Ireland at the heart of AMD’s European research
and engineering operations. IDA Ireland has been proud to support
AMD and previously Xilinx for nearly three decades and is committed
to supporting investments of scale that impact positively on
Europe’s semiconductor industry,” said Michael Lohan, chief
executive officer, IDA Ireland.
The Irish site was first established in 1994 as the first
purpose-built Xilinx site outside of the U.S. and began its
operations a year later with a focus on manufacturing, operations
support, engineering and administration services. Since the
acquisition of Xilinx, Ireland is now home to one of the largest
AMD R&D sites in Europe with a strong record of delivering
products with significant commercial success, such as the AMD Zynq™
UltraScale+™ RFSoC semiconductor product family.
About AMDFor more than 50 years AMD has driven
innovation in high-performance computing, graphics and
visualization technologies. Billions of people, leading Fortune 500
businesses and cutting-edge scientific research institutions around
the world rely on AMD technology daily to improve how they live,
work and play. AMD employees are focused on building leadership
high-performance and adaptive 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, LinkedIn and Twitter pages.
CAUTIONARY STATEMENT
This press release contains forward-looking statements
concerning Advanced Micro Devices, Inc. (AMD) such as AMD’s plans
to invest $135 million over the next four years to fund R&D
projects; AMD’s plans to add up to 290 engineering, research, and
support positions; expected growth of AMD in Ireland; and the
expected activities of AMD’s R&D and engineering operations in
Ireland, 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 press release
are based on current beliefs, assumptions and expectations, speak
only as of the date of this press release 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; global economic uncertainty;
cyclical nature of the semiconductor industry; market conditions of
the industries in which AMD products are sold; loss of a
significant customer; impact of the COVID-19 pandemic on AMD’s
business, financial condition and results of operations;
competitive markets in which AMD’s products are sold; quarterly and
seasonal sales patterns; AMD's ability to adequately protect its
technology or other intellectual property; unfavorable currency
exchange rate fluctuations; ability of third party manufacturers to
manufacture AMD's products on a timely basis in sufficient
quantities and using competitive technologies; availability of
essential equipment, materials, substrates or manufacturing
processes; ability to achieve expected manufacturing yields for
AMD’s products; AMD's ability to introduce products on a timely
basis with expected features and performance levels; AMD's ability
to generate revenue from its semi-custom SoC products; potential
security vulnerabilities; potential security incidents including IT
outages, data loss, data breaches and cyber-attacks; potential
difficulties in upgrading and operating AMD’s new enterprise
resource planning system; uncertainties involving the ordering and
shipment of AMD’s products; AMD’s reliance on third-party
intellectual property to design and introduce new products in a
timely manner; AMD's reliance on third-party companies for design,
manufacture and supply of motherboards, software and other computer
platform components; AMD's reliance on Microsoft and other software
vendors' support to design and develop software to run on AMD’s
products; AMD’s reliance on third-party distributors and
add-in-board partners; impact of modification or interruption of
AMD’s internal business processes and information systems;
compatibility of AMD’s products with some or all industry-standard
software and hardware; costs related to defective products;
efficiency of AMD's supply chain; AMD's ability to rely on third
party supply-chain logistics functions; AMD’s ability to
effectively control sales of its products on the gray market;
impact of government actions and regulations such as export
administration regulations, tariffs and trade protection measures;
AMD’s ability to realize its deferred tax assets; potential tax
liabilities; current and future claims and litigation; impact of
environmental laws, conflict minerals-related provisions and other
laws or regulations; impact of acquisitions, joint ventures and/or
investments on AMD’s business and AMD’s ability to integrate
acquired businesses; impact of any impairment of the combined
company’s assets on the combined company’s financial position and
results of operation; restrictions imposed by agreements governing
AMD’s notes, the guarantees of Xilinx’s notes and the revolving
credit facility; AMD's indebtedness; AMD's ability to generate
sufficient cash to meet its working capital requirements or
generate sufficient revenue and operating cash flow to make all of
its planned R&D or strategic investments; political, legal,
economic risks and natural disasters; future impairments of
goodwill and technology license purchases; AMD’s ability to attract
and retain qualified personnel; AMD’s stock price volatility; and
worldwide political conditions. 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 most recent
reports on Forms 10-K and 10-Q.
Contact:Anna Carzana AMD
Communications+39 02 3008161Anna.Carzana@amd.com
Suresh BhaskaranAMD Investor Relations+1
408-749-2845Suresh.Bhaskaran@amd.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/59304f9e-cf97-4f56-84bf-aa9ffd22efb9
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