AMD INTRODUCES FIRST FLASH MEMORY DEVICE BASED ON MIRRORBIT

AMD INTRODUCES FIRST FLASH MEMORY DEVICE BASED ON
MIRRORBIT(tm) ARCHITECTURE

-New Technology Enables Highly Reliable, High Density
NOR Flash-

SUNNYVALE, CA-MAY 13, 2002-AMD (NYSE: AMD) today
announced it has been sampling the company's first MirrorBit(tm) Flash memory
device. General availability of the 64 Megabit product is scheduled for the end
of this quarter. MirrorBit technology is a breakthrough that allows a Flash
memory device to hold twice as much data as standard Flash without compromising
device endurance, performance or reliability. The company is on schedule to
deliver 128 Megabit and 256 Megabit devices in the second half of the year.

The MirrorBit architecture uses a true multi-bit Flash
memory cell that delivers the same high levels of performance and reliability as
standard NOR Flash. NOR Flash is commonly used to store and execute operating
system software for many of the world's electronic devices. MirrorBit technology
allows for the lowest cost production of ultra-high density NOR Flash devices.

MirrorBit Flash memory devices enable customers to
develop advanced products such as cell phones, personal digital assistants, car
PCs, telecommunications equipment, and TV set-top boxes that offer higher levels
of features and functionality.

"The commercialization of MirrorBit technology is a
defining moment for AMD's memory group," said Bertrand Cambou, group vice
president of the company's Memory Group. "By delivering a cost structure that is
two generations ahead of comparable standard Flash technologies, MirrorBit Flash
serves the needs of both the code and data storage markets."

"MirrorBit technology represents a paradigm change in
the world of Flash memory," said Kevin Plouse, vice president of technical
marketing and business development of AMD's Memory Group. "With its unique
combination of high-density, high-performance and low cost, MirrorBit Flash will
offer our customers a strategic competitive advantage and spur the creation of a
new set of highly innovative products."

"With its innovative architecture, rigorous testing and
advantageous cost structure, AMD's MirrorBit technology will make an impressive
entry and be a forceful competitor in the Flash memory market," said Brian Matas,
vice president, market research for IC Insights. "There's good reason to believe
MirrorBit technology will allow AMD to capture additional Flash market share."

"AMD's MirrorBit technology offers industry-leading cost
structure without compromises," said Gerry Duggan, Executive Vice President,
Future Electronics, a major distributor. "We share AMD's vision of delivering
only Flash memory that offers the highest levels of quality and reliability. We
believe that this technology is the future of Flash memory and we will dedicate
very significant resources to ensure that customers everywhere have access to
MirrorBit products."

In AMD's MirrorBit cell, code or data is stored in two
discrete and independent locations. By physically separating each bit and
maintaining its individual integrity, AMD's MirrorBit devices are inherently
more stable and reliable than competing multi-level cell (MLC) devices. MLC
devices store fractional levels of charge in one location making them inherently
less reliable, and slower to program, read or erase.

Over 350 billion bits of MirrorBit technology were
subjected to AMD's rigorous and extensive qualification procedures. As a result,
AMD is able to continue to deliver industry-leading levels of data retention and
endurance. MirrorBit Flash memory devices are designed to deliver endurance of
at least 100,000 program/erase cycles and 20 years of data retention at 125
degrees Celsius.

MirrorBit products also offer customers an easy to use
solution by maintaining complete pin-compatibility with existing AMD Flash
families. As a result, current customers can easily replace their current AMD
Flash device with a MirrorBit device without having to change their system
design. The packages and pinouts provide customers with an easy migration path
all the way to 1Gigabit Flash.

Features and Packaging

The Am29LV640M and Am29LV641M MirrorBit products are
designed to offer a number of advanced features and specifications:

* High-density, 64 Megabit Flash memory

* Single 3.0 Volt power supply

* Asynchronous access times as fast as 90 nanoseconds

* Page mode access times as fast as 25 nanoseconds

* 16 word performance enhancing write buffer offers
programming times as fast as 6 microseconds

* Small 64kB sectors with erase times as fast as 100
microseconds, ten times faster than competing products

* Minimum of 20 years' data retention at 125 degrees
Celsius

* Minimum of 100,000 erase cycles per sector

* Available in

* 64-Ball Fortified Ball Grid Array Package

* 63-Ball Fine-Pitch Ball Grid Array Package

* 48-Pin Thin Small Outline Package

* 56-Pin Thin Small Outline Package

Pricing

The Am29LV640M MirrorBit product is priced at $7.95 in
10,000 piece quantities.

AMD Flash Memory Awards

AMD's Flash memory products have received numerous
customer service, quality and technology awards. Cisco Systems, Nortel Networks,
Samsung, the Bosch Group, and Volkswagen have all awarded AMD their top supplier
awards.

About AMD Flash Memory Devices

AMD's technology is employed by the world's largest
producer of Flash memory devices, Fujitsu AMD Semiconductor Ltd. (FASL). AMD
Flash memory products encompass a broad spectrum of densities and features to
support a wide range of markets. AMD Flash memory customers represent leaders in
the automotive, networking, telecommunications, and handheld mobile terminal
markets. AMD offers many Flash memory products, such as the award-winning
Simultaneous Read-Write (SRW) product family; Super Low Voltage 1.8V Flash
memory devices; and Burst- and Page-Mode devices. AMD developed the robust Known
Good Die (KGD) program and the patented negative gate erase technology, and
developed highly reliable Fine-pitch Ball Grid Array packaging.

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 $3.9 billion in
2001. (NYSE: AMD).

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