AMD ANNOUNCES ESTIMATED RESTRUCTURING AND OTHER SPECIAL CHARGES IN
FOURTH QUARTER

- Company Expects to Record Non-Cash Charge to Eliminate Net Deferred
Tax Assets -


SUNNYVALE, CA - NOVEMBER 18, 2002 - AMD (NYSE: AMD) today announced that
it currently estimates that restructuring and other special charges in
its fourth quarter will be in the range of $300 million to $600 million,
inclusive of charges associated with the Company's restructuring and
cost-cutting initiatives announced on November 14, 2002.

AMD stated that the Company also expects to record a charge to income
tax expense in the fourth quarter in order to establish a 100% valuation
allowance against its net deferred tax assets, which were $263 million
as of the third quarter ended September 29, 2002. This charge to income
tax expense would reduce after-tax results of operations but would not
affect cash, cash flows or pre-tax results of operations for the
quarter.

The Company estimates that the impact of these two sets of charges in
the fourth quarter would be $300 to $600 million on a pre-tax basis and
$563 million to $863 million on an after-tax basis (consisting of the
$300 to $600 million pre-tax charges for restructuring and other special
charges and a $263 million non-cash charge to tax expense for the 100%
valuation allowance).

The Company plans to announce results for the fourth quarter and the
year on January 16, 2003.