ADVANCED MICRO DEVICES, INC. STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (in thousands, except ratio data)

Ratio of earnings to fixed charges Fiscal Years Ended - ----------------------------------- ------------------------------------------------------------------- December 31, December 30, December 29, December 27, December 26, 1989 1990 1991 1992 1993 -------------------------------------------------------------------- Earnings: Income before taxes 49,855 (53,552) 145,287 271,631 317,752 Fixed charges per below 28,242 29,282 34,859 31,848 17,871 Less interest capitalized (3,097) (11,876) (4,299) (6,026) (7,084) Amortization of capitalized interest 1,460 1,697 2,420 2,953 3,758 -------------------------------------------------------------------- 76,460 (34,449) 178,267 300,406 332,297 -------------------------------------------------------------------- Fixed charges: Interest expense per annual report 15,790 8,282 20,880 17,227 2,701 Capitalized interest 3,097 11,876 4,299 6,026 7,084 Rent expense representative of interest 9,265 9,034 9,590 8,520 8,083 Amortization of financing cost 90 90 90 75 3 -------------------------------------------------------------------- 28,242 29,282 34,859 31,848 17,871 -------------------------------------------------------------------- Ratio of earnings to fixed charges 2.71 (a) 5.11 9.43 18.59 Ratio of earnings to combined fixed charges and preferred stock dividends - ------------------------------------------------ Earnings per above 76,460 (34,449) 178,267 300,406 332,297 -------------------------------------------------------------------- Fixed charges per above 28,242 29,282 34,859 31,848 17,871 "Grossed-up" Preferred stock dividends 11,250 10,350 10,350 11,500 14,375 -------------------------------------------------------------------- 39,492 39,632 45,209 43,348 32,246 -------------------------------------------------------------------- Earnings to fixed charges and preferred stock dividend ratio 1.94 (a) 3.94 6.93 10.30 (a) The amount of additional earnings required to cover fixed charges in the fiscal year ended December 30, 1990, was $63,731,000. The amount of additional earnings required to cover fixed charges and preferred stock dividends in the fiscal year ended December 30, 1990, was $74,081,000.