Worlds First Purpose-Built 64-Bit 300mm Manu Facility
CUSTOMERS, PARTNERS, AND GERMAN GOVERNMENT OFFICIALS JOIN AMD AT TOPPING-OFF CEREMONY FOR WORLD'S FIRST PURPOSE-BUILT 64-BIT X86 300 MILLIMETER (MM) MANUFACTURING FACILITY
- Project is on time, on plan and on budget -
DRESDEN, GERMANY - 17 May 2004 - AMD (NYSE: AMD) marked an important milestone in the construction of its next-generation 300 millimeter (mm) manufacturing facility, AMD Fab 36, with a "topping-off" ceremony held today.
"AMD Fab 36 will play an important role in furthering AMD's leadership in world class manufacturing capabilities and will help ensure we have the capacity required to meet our customers' - and their customers' - needs for pervasive 64-bit computing solutions powered by AMD64 technology," said AMD chairman of the board, president and CEO Hector Ruiz. "Thanks to Hans Deppe's exemplary leadership of our Dresden operations, the support of Saxony, Germany, the European Commission and the many other dedicated professionals committed to the AMD Fab 36 project, I am proud to report that the entire AMD Fab 36 project is on plan, on time and on budget."
"Less than six months after we broke ground for AMD Fab 36, the first significant phase of our 300 mm wafer fab project has been completed successfully, and we are well on our way to meeting our overall project schedule," said Hans Deppe, vice president and general manager for AMD Saxony. "We have now begun to install the necessary infrastructure that will allow us to be ready for equipment towards the end of the year in preparation for our planned first production shipments in the first half of 2006."
The topping-off ceremony was attended by Germany's Federal Chancellor Gerhard Schröder, Prof. Dr. Georg Milbradt, Minister President of the Free State of Saxony, Hector Ruiz, as well as numerous other dignitaries representing European political, industry and banking interests.
About AMD Fab 36
The first 300 mm silicon test wafers at AMD Fab 36 are scheduled for mid-2005, and first commercial shipments are planned for the first half of 2006. Hiring for AMD Fab 36 is underway, and headcount for the new fab is planned to reach approximately 1,000 by 2007. AMD expects to invest approximately $2.5 billion through 2007 in AMD Fab 36. Construction of a new, dedicated 24 megawatt energy center has also begun adjacent to the AMD Fab 36 complex.
When completed and fully operational, AMD Fab 36 will be powered by the third-generation of AMD's Automated Precision Manufacturing (APM 3.0). APM is a suite of more than 250 AMD-patented or patent-pending fab automation technologies that form the foundation of the company's manufacturing strength and enable AMD to aggressively compete in product performance and maximize yields while minimizing per-wafer cost.
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements in this release involve risks and uncertainty that could cause actual results to differ materially from current expectations. Risks include the possibility that demand for the company's current processor product offerings will not increase as anticipated; that demand for products planned for introduction in 2006 and beyond will be lower than currently expected and insufficient to fill the capacity planned for AMD Fab 36; that the company will not achieve its current AMD Fab 36 construction, tooling and technology introduction schedules; and that the company's current plans for funding and financing AMD Fab 36 will not be successful. We urge investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the Annual Report on Form 10-K for the year ended December 28, 2003, and the Quarterly Report on Form 10-Q for the quarter ended March 28, 2004.
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