Manila, Philippines — Oct. 20, 2016 — Today at the Alibaba Computing Conference, AMD (NASDAQ:
AMD) President and CEO Dr. Lisa Su joined Simon Hu, president of
Alibaba Cloud, the cloud computing arm of Alibaba Group, to announce a
collaboration between the two companies to strengthen research and
cooperation related to the use of AMD Radeon™ Pro GPU technology in Alibaba Cloud’s global datacenters. Through the partnership, Alibaba Cloud plans to use AMD technology to help expand its cloud computing offerings and accelerate adoption of its cloud-based services.
“The
partnership between AMD and Alibaba Cloud will bring both of our
customers more diversified, cloud-based graphic processing solutions. It
is our vision to work together with leading technology firms like AMD
to empower businesses in every industry with cutting-edge technologies
and computing capabilities,” said Simon Hu, president of Alibaba Cloud.
“The
collaboration between AMD and Alibaba Cloud leverages the world-class
technology and software engineering capabilities of both companies to
meet the growing demand for standards-based GPU computing solutions
capable of enabling more immersive and intuitive cloud services,” said
AMD President and CEO Dr. Lisa Su. “Working closely with industry
leaders like Alibaba Cloud helps ensure the investments AMD is making in
our high-performance graphics and computing datacenter products
continue to align with the needs of the broader cloud market.”
Visit
AMD at The Computing Conference in Hangzhou, China (Yunqi Cloud Town
International Expo Center, Booth 3C04 at Exhibition Hall 3) for
additional details and to see live demos, including:
· An
Alibaba Cloud Single Root Input/Output Virtualization (SR-IOV) Solution
featuring AMD Radeon™ Pro server technology. The demo is powered by the
Radeon FirePro™ S7150 x2 GPU featuring AMD Multi-user GPU (MxGPU)
hardware-based server virtualization technology. The solution features
the industry’s only hardware-virtualized GPU technology, which provides
guaranteed service levels and improves security for remote workstation,
cloud gaming, cloud computing, and Virtual Desktop Infrastructure (VDI)
implementations.
· A virtual reality (VR) experience demo powered by AMD Radeon™ VR Ready Premium graphics featuring AMD’s powerful, energy efficient Polaris graphics architecture.
About AMD
For
more than 45 years AMD has driven innovation in high-performance
computing, graphics and visualization technologies ― the building blocks
for gaming, immersive platforms, and the datacenter. 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, and Facebook and Twitter
AMD,
the AMD Arrow logo, FirePro, Radeon, 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.
Cautionary Statement
This
press release contains forward-looking statements concerning Advanced
Micro Devices, Inc. (“AMD”) that relate to, among other things, the
expected benefits from the collaboration between AMD and Alibaba Cloud,
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 “believes,” “expects,” “may,”
“will,” “should,” “seeks,” “intends,” “plans,” “estimates,”
“anticipates,” “projects,” “would” 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 document and involve
risks and uncertainties that could cause actual results to differ
materially from current expectations. Risks include that Intel
Corporation’s dominance of the microprocessor market and its aggressive
business practices may limit AMD’s ability to compete effectively; AMD
relies on GLOBALFOUNDRIES INC. (GF) to manufacture all of its
microprocessor and accelerated processing unit (APU) products and a
certain portion of its discrete graphics processing unit (GPU) products,
with limited exceptions. If GF is not able to satisfy AMD’s
manufacturing requirements, its business could be adversely impacted;
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 uncertainty may adversely impact AMD’s business and operating
results; AMD may not be able to generate sufficient cash to service its
debt obligations or meet its working capital requirements; AMD has a
substantial amount of indebtedness which could adversely affect its
financial position and prevent it from implementing its strategy or
fulfilling its contractual obligations; the agreements governing AMD’s
notes and the secured revolving line of credit 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;
uncertainties involving the ordering and shipment of AMD’s products
could materially adversely affect it; 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; the completion and impact of the 2015
restructuring plan, its transformation initiatives and any future
restructuring actions could adversely affect it; 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 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 Add-in-Board 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 June 25,
2016.
*This is Press Release
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