Form: S-8

Securities to be offered to employees in employee benefit plans

May 15, 2026

Exhibit 5.1

 

  801 Jefferson Avenue, Suite 300
  Redwood City, California 94063
 

Tel: +1.650.328.4600 Fax: +1.650.463.2600

www.lw.com

 

LOGO   FIRM / AFFILIATE OFFICES
  Austin   Milan
  Beijing   Munich
  Boston   New York
  Brussels   Orange County
  Chicago   Paris
  Dubai   Riyadh
  Düsseldorf   San Diego
May 15, 2026   Frankfurt   San Francisco
  Hamburg   Seoul
  Hong Kong   Silicon Valley
  Houston   Singapore
Advanced Micro Devices, Inc.   London   Tel Aviv
2485 Augustine Drive   Los Angeles   Tokyo
Santa Clara, California 95054   Madrid   Washington, D.C.

 

  Re:

Registration Statement on Form S-8; 65,000,000 Shares of Common Stock, par value $0.01 per share

To the addressee set forth above:

We have acted as special counsel to Advanced Micro Devices, Inc., a Delaware corporation (the “Company”), in connection with the registration of 65,000,000 shares of common stock, par value $0.01 per share (the “Shares”), of the Company, issuable under the Company’s 2023 Equity Incentive Plan (the “2023 Plan”). The Shares are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on May 15, 2026 (the “Registration Statement”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or the related prospectus, other than as expressly stated herein with respect to the issue of the Shares.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein only as to the General Corporation Law of the State of Delaware (the “DGCL”), and we express no opinion with respect to any other laws.

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the holders and have been issued by the Company for legal consideration of not less than par value in the circumstances contemplated by the 2023 Plan, assuming in each case that the individual issuances, grants or awards under the 2023 Plan are duly authorized by all necessary corporate action and duly issued, granted or awarded and exercised in accordance with the requirements of law and the 2023 Plan (and the agreements and awards duly adopted thereunder and in accordance therewith), the issuance and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the DGCL.


May 15, 2026

Page 2

 

LOGO

 

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

 

Sincerely,

/s/ Latham & Watkins LLP