Tech & Science AMD Senior Unsecured Credit score Ranking Raised to Funding...

AMD Senior Unsecured Credit score Ranking Raised to Funding Grade via Moody’s Buyers Carrier Nasdaq:AMD

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SANTA CLARA, Calif., Sept. 11, 2020 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) these days introduced that the corporate’s senior unsecured credit standing used to be raised to funding grade Baa3 via Moody’s Buyers Carrier.  

“Our center of attention on roadmap execution and fiscal self-discipline all through the remaining 5 years has created a forged basis for long-term expansion,” stated Devinder Kumar, senior vice chairman, CFO and Treasurer, AMD. “We’re proud of this improve from Moody’s, which displays our robust monetary functionality and outlook for persevered expansion and critical money technology.”

Moody’s upgraded AMD in line with rising trade momentum, proportion features, robust monetary functionality, very good liquidity and constant execution. 

About AMD
For 50 years, AMD has pushed innovation in high-performance computing, graphics and visualization applied sciences – the construction blocks for gaming, immersive platforms and the information heart. Masses of tens of millions of customers, main Fortune 500 companies and state of the art medical analysis amenities all over the world depend on AMD era day-to-day to toughen how they reside, paintings and play. AMD workers all over the world are all for construction nice merchandise that push the limits of what’s imaginable. For more info about how AMD is enabling these days and galvanizing the next day, consult with the AMD (NASDAQ: AMD) website online, weblog, Fb and Twitter pages.

Cautionary Observation
This press liberate incorporates forward-looking statements relating to Complex Micro Gadgets, Inc. (AMD) similar to expectancies relating to AMD’s trade momentum and long term monetary functionality, together with AMD’s outlook for persevered expansion and critical money technology, which might be made pursuant to the Secure Harbor provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead searching statements are usually recognized via phrases similar to “would,” “might,” “expects,” “believes,” “plans,” “intends,” “tasks” and different phrases with an identical that means. Buyers are cautioned that the forward-looking statements on this press liberate are in line with present ideals, assumptions and expectancies, discuss best as of the date of this press liberate and contain dangers and uncertainties that would reason precise effects to fluctuate materially from present expectancies. Such statements are matter to positive recognized and unknown dangers and uncertainties, a lot of which might be tricky to are expecting and most often past AMD’s keep watch over, that would reason precise effects and different long term occasions to fluctuate materially from the ones expressed in, or implied or projected via, the forward-looking data and statements. Subject matter components that would reason precise effects to fluctuate materially from present expectancies come with, with out limitation, the next: Intel Company’s dominance of the microprocessor marketplace and its competitive trade practices; the power of 0.33 occasion producers to fabricate AMD’s merchandise on a well timed foundation in enough amounts and the usage of aggressive applied sciences; anticipated production yields for AMD’s merchandise; AMD’s skill to introduce merchandise on a well timed foundation with options and function ranges that offer price to its consumers; international financial uncertainty; the lack of a vital buyer; AMD’s skill to generate earnings from its semi-custom SoC merchandise;  the have an effect on of the COVID-19 pandemic on AMD’s trade, monetary situation and result of operations; political, felony, financial dangers and herbal failures; the have an effect on of presidency movements and rules similar to export management rules, price lists and industry coverage measures; attainable safety vulnerabilities; attainable IT outages, information loss, information breaches and cyber-attacks; uncertainties involving the ordering and cargo of AMD’s merchandise; quarterly and seasonal gross sales patterns; the limitations imposed via agreements governing AMD’s notes and the secured credit score facility; the aggressive markets wherein AMD’s merchandise are bought; AMD’s skill to generate enough earnings and running money drift or download exterior financing for analysis and construction or different strategic investments; the possible dilutive impact if the two.125% Convertible Senior Notes due 2026 are transformed; marketplace stipulations of the industries wherein AMD merchandise are bought; AMD’s reliance on third-party highbrow belongings to design and introduce new merchandise in a well timed way; AMD’s reliance on third-party corporations for the design, manufacture and provide of motherboards, instrument and different pc platform parts; AMD’s reliance on Microsoft Company and different instrument distributors’ beef up to design and broaden instrument to run on AMD’s merchandise; AMD’s reliance on third-party vendors and add-in-board companions; long term impairments of goodwill and era license purchases; AMD’s skill to draw and retain certified body of workers; AMD’s indebtedness; AMD’s skill to generate enough money to carrier its debt tasks or meet its running capital necessities; AMD’s skill to repurchase its remarkable debt within the tournament of a transformation of keep watch over; the cyclical nature of the semiconductor {industry}; the have an effect on of acquisitions, joint ventures and/or investments on AMD’s trade; the have an effect on of amendment or interruption of AMD’s inner trade processes and data techniques; the provision of very important apparatus, fabrics or production processes; compatibility of AMD’s merchandise with some or all industry-standard instrument and {hardware}; prices associated with faulty merchandise; the potency of AMD’s delivery chain; AMD’s skill to depend on 0.33 occasion supply-chain logistics purposes; AMD’s inventory worth volatility; international political stipulations; damaging forex trade charge fluctuations; AMD’s skill to successfully keep watch over the gross sales of its merchandise at the grey marketplace; AMD’s skill to adequately offer protection to its era or different highbrow belongings; present and long term claims and litigation; attainable tax liabilities; and the have an effect on of environmental regulations, battle minerals-related provisions and different regulations or rules. Buyers are suggested to study intimately the dangers and uncertainties in AMD’s Securities and Alternate Fee filings, together with however no longer restricted to AMD’s Quarterly Record on Shape 10-Q for the quarter ended June 27, 2020.

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Media Touch:
Drew Prairie
AMD Communications
512-602-4425
[email protected]

Investor Touch:
Laura Graves
AMD Investor Family members
408-749-5467
[email protected]

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