- AMD Support Will Help Bono Increase Internet Connectivity in Africa Through The TED Prize -
SUNNYVALE, CA - Feb. 25, 2005 - AMD (NYSE: AMD) today announced it will provide significant support to legendary musician Bono of U2 to make his wish of accelerating Internet connectivity to hundreds of thousands of Africans a reality. Bono's wish to connect every hospital, health clinic and school in Ethiopia to the Internet is one of three wishes granted to him by Technology, Entertainment, and Design (TED) as part of the 2005 TED Prize.
AMD, Bono and TED share the belief that there is a profound benefit to connecting a larger share of the world's population to the Internet. AMD's support of this wish springs from the company's 50x15 Initiative to connect 50 percent of the world's population with basic computing capability and Internet connectivity by the year 2015.
"We are honored to help make Bono's vision a reality in the context of our 50x15 commitment: to empower 50 percent of the world's population with Internet access by 2015," said Hector Ruiz, Chairman of the Board, President and CEO of AMD. "Technology is only as powerful as it is accessible. Broader access brings education, information, and a sense of community that can help combat AIDS, malnutrition, ignorance and neglect. The power of a connected and enlightened world community is just beginning."
Each year, through The TED Prize, the TED community honors three individuals who have shown that they can, in some way, positively impact life on this planet with a cash prize and commitment of support in satisfying three wishes. The wishes were unveiled last night at the TED 2005 Conference held in Monterey, California. This year's winners are Bono, Canadian photo-artist Edward Burtynsky, and medical technologies pioneer Robert Fischell.
"The speed and decisiveness at which Hector Ruiz and the technology teams at AMD have moved is astounding," said Chris Anderson, TED Curator. "AMD has stepped up to fulfill a wish that will impact countless lives in Africa. It is remarkable to witness a company with a conscience in action, and we are grateful to them for their efforts."
TED is a community of more than 1,000 global thought-leaders committed to sharing ideas and passions capable of creating positive change in the world. The group meets every February in Monterey, CA to announce the TED Prize and connect winners to the TED community. For more information, please visit www.ted.com.
50x15 is AMD's initiative to enable affordable Internet access and computing capabilities for 50 percent of the world population by the year 2015. With the current global Internet penetration rate at approximately 10 percent, and the global population estimated to reach 7.2 billion people by 2015, there is tremendous potential for 50x15 to bring billions of people around the world into the digital age.
50x15 is about empowerment and economic growth. AMD and a growing network of partners are delivering innovative solutions in high-growth and developing markets that empower consumers to lead better lives. For more information, visit www.50x15.com.
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communications and consumer electronics industries. AMD is dedicated to delivering standards-based, customer-focused solutions for technology users, ranging from enterprises to government agencies and individual consumers. For more information visit www.amd.com.
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