0001021408-01-507639.txt : 20011009
0001021408-01-507639.hdr.sgml : 20011009
ACCESSION NUMBER: 0001021408-01-507639
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20010925
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20011003
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: ADVANCED MICRO DEVICES INC
CENTRAL INDEX KEY: 0000002488
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 941692300
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1227
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07882
FILM NUMBER: 1751481
BUSINESS ADDRESS:
STREET 1: ONE AMD PL
STREET 2: P O BOX 3453
CITY: SUNNYVALE
STATE: CA
ZIP: 94088-3453
BUSINESS PHONE: 4087322400
8-K
1
d8k.txt
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): September 25, 2001
ADVANCED MICRO DEVICES, INC.
----------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 1-7882 94-1692300
--------- ------ ----------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One AMD Place,
P.O. Box 3453
Sunnyvale, California 94088-3453
---------------------------------------- ----------
(address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code: (408) 732-2400
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Page 1 of 4
Item 5. Other Events.
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On September 25, 2001, Advanced Micro Devices, Inc. (the "Company")
announced it will close Fabs 14 and 15, two semiconductor wafer facilities
(fabs) in Austin, Texas that primarily serve AMD's foundry operations. AMD will
also reduce and restructure other manufacturing activities as well as
administrative support associated with these facilities. The full text of the
press release is set forth in Exhibit 99.1 attached hereto and is incorporated
in this report as if fully set forth herein.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
------- -------------------------------------------------------------------
(c) Exhibits
Number Exhibit
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99.1 Press release dated September 25, 2001.
2
SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ADVANCED MICRO DEVICES, INC.
Date: October 3, 2001 By: /s/ Robert J. Rivet
--------------------------------------
Robert J. Rivet
Senior Vice President, Chief Financial
Officer
3
Exhibit Index
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Number Exhibit
------ -------
99.1 Press release dated September 25, 2001.
4
EX-99.1
3
dex991.txt
PRESS RELEASE DATED SEPTEMBER 25, 2001
NEWS RELEASE
CONTACTS:
John Greenagel
AMD Public Relations
(408) 749-3310
E-mail: john.greenagel@amd.com
----------------------
Exhibit 99.1
AMD ANNOUNCES CLOSURE OF FABS 14 AND 15
SUNNYVALE, CA--SEPTEMBER 25, 2001--AMD today announced it is
accelerating key components of its strategy to reduce costs and enhance the
financial performance of its core businesses. The company will close Fabs 14 and
15, two semiconductor wafer fabrication facilities (fabs) in Austin, Texas that
primarily serve AMD's foundry operations. AMD will also reduce and restructure
other manufacturing activities as well as administrative support associated with
these facilities.
These changes will result in the reduction of approximately 2,300
positions, or approximately 15 percent of its worldwide workforce, by the end of
the second quarter of 2002. Approximately 1,000 of these positions are
associated with closing the fabs in Austin. The balance of the reductions will
result from realigning and restructuring back-end activities in Penang,
Malaysia. The company will provide severance packages and outplacement services
to affected employees.
"These actions will allow us to reduce costs without impairing our new
product development activities in pursuit of long-term growth opportunities. We
will focus our organization around our two most promising opportunities - flash
memory devices and PC processors," said W.J. Sanders III, chairman and chief
executive officer. "We will treat all employees affected by these actions with
fairness and respect, consistent with our values and our commitment to our
people."
-more-
2
Fabs 14 and 15 have a long history at AMD and are the company's oldest
fabs. The two facilities were originally constructed in 1984 and 1985.
AMD will take a one-time charge between $80 million and $110 million
covering these restructuring activities and other special charges in the current
quarter. When fully implemented, these actions are expected to result in an
overall annual cost reduction of approximately $125 million.
About AMD
AMD is a global supplier of integrated circuits for the personal and networked
computer and communications markets with manufacturing facilities in the United
States, Europe, Japan, and Asia. AMD, a Fortune 500 and Standard & Poor's 500
company, produces microprocessors, flash memory devices, and support circuitry
for communications and networking applications. Founded in 1969 and based in
Sunnyvale, California, AMD had revenues of $4.6 billion in 2000. (NYSE: AMD).
Visit AMD on the Web
For more AMD news and product information, please visit our virtual
pressroom at www.amd.com/news/virtualpress/index.html. Additional press releases
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are available at www.amd.com/news/news.html.
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AMD, the AMD logo and combinations thereof are trademarks of Advanced Micro
Devices, Inc. Other product names used in this publication are for
identification purposes only and may be trademarks of their respective
companies.