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 -------------- Page 1 of 4 Item 5. Other Events. ------- ------------- 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 ------ ------- 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 ------------- 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 ---------------------------------------- are available at www.amd.com/news/news.html. -------------------------- 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.