AMD Investor Roadshow
Dirk Meyer, President and CEO
Bob Rivet, Executive Vice President and CFO
October 7, 2008
Introducing The Foundry Company and
The New ‘Asset Smart’
AMD
Exhibit 99.1


| Investor Roadshow | October 7, 2008
2
Forward Looking Disclaimer
This
document
contains
forward-looking
statements,
which
are
made
pursuant
to
the
safe
harbor
provisions
of
the
U.S.
Private
Securities
Litigation
Reform
Act
of
1995.
These
forward-looking
statements
are
based
on
risks
and
uncertainties
that
could
cause
actual
results
to
differ
materially
from
expectations.
These
forward-looking
statements
should
not
be
relied
upon
as
predictions
of
future
events
as
we
cannot
assure
you
that
the
events
or
circumstances
reflected
in
these
statements
will
be
achieved
or
will
occur.
You
can
identify
forward-looking
statements
by
the
use
of
forward-looking
terminology
including
“believes,”
“expects,”
“may,”
“will,”
“should,”
“seeks,”
“intends,”
“plans,”
“pro
forma,”
“estimates,”
or
“anticipates”
or
the
negative
of
these
words
and
phrases
or
other
variations
of
these
words
and
phrases
or
comparable
terminology.
These
forward-looking
statements
relate
to,
among
other
things,
our
asset
smart
strategy,
the
impact
and
effects
of
our
The
Foundry
Company
joint
venture,
future
demand
for
our
products,
capital
expenditures,
potential
benefits
of
our
The
Foundry
Company
joint
venture
and
the
timing
of
our
The
Foundry
Company
joint
venture.
The
material
factors
that
could
cause
actual
results
to
differ
materially
from
current
expectations
include,
without
limitation,
the
following:
that
Intel
Corporation’s
pricing,
marketing
and
rebating
programs,
product
bundling,
standard
setting,
new
product
introductions
or
other
activities
targeting
the
company’s
business
may
negatively
impact
sales
plans;
any
inability
to
realize
all
of
the
anticipated
benefits
of
our
proposed
The
Foundry
Company
joint
venture
because,
among
other
things,
the
revenues,
cost
savings,
improved
cash
flow,
growth
prospects
and
any
other
benefits
expected
from
the
transaction
may
not
be
fully
realized
or
may
take
longer
to
realize
than
expected;
that
The
Foundry
Company
joint
venture
does
not
close;
a
downturn
in
the
semiconductor
industry;
unexpected
variations
in
market
growth
and
demand
for
our
products
and
technologies
in
light
of
the
product
mix
that
we
may
have
available
at
any
particular
time
or
even
a
decline
in
demand;
our
cost
reduction
efforts
are
not
effective;
any
inability
to
improve
the
efficiency
of
our
supply
chain;
any
inability
to
transition
to
advanced
manufacturing
process
technologies
in
a
timely
and
effective
way,
consistent
with
planned
capital
expenditures;
any
inability
to
develop,
launch
and
ramp
new
products
and
technologies
in
the
volumes
and
mix
required
by
the
market
at
mature
yields
and
on
a
timely
basis;
any
inability
to
obtain
sufficient
manufacturing
capacity
or
components
to
meet
demand
for
our
products
or
the
under-
utilization
of
The
Foundry
Company’s
manufacturing
facilities;
the
effect
of
political
or
economic
instability
internationally
on
our
sales
or
production;
or
that
The
Foundry
Company
is
less
successful
than
anticipated.
We
urge
investors
to
review
in
detail
the
risks
and
uncertainties
in
our
Securities
and
Exchange
Commission
filings,
including
but
not
limited
to
the
Quarterly
Report
on
Form
10-Q
for
the
quarter
ended
June
28,
2008.


| Investor Roadshow | October 7, 2008
3
Introduction
Creating a global, leading-edge foundry with world-class,
committed partners
NOTE:  Mubadala and ATIC (Advanced Technology Investment Company) are investment arms of the Abu Dhabi Government.
Unlocking the value of AMD’s manufacturing talent and assets
Strengthening AMD balance sheet
Reducing AMD capital investment requirements
AMD securing guaranteed access to the most advanced, leading-edge capacity
Committed future equity funding of a minimum of $3.6B and up to $6.0B from
ATIC to The Foundry Company
Expanding and strengthening the Foundry Company’s IBM partnership
Mubadala and ATIC are strategic financial partners for AMD and The Foundry
Company, respectively
Positioning
and
financing
AMD
and
The
Foundry
Company
for
growth
and
success


| Investor Roadshow | October 7, 2008
4
What We Are Announcing
Introducing “The Foundry Company”
ATIC’s long-term vision and
”patient capital”
AMD’s manufacturing leadership and global workforce
IBM’s process technology
Capital to meet growing global demand for leading-edge
semiconductor manufacturing
The Foundry Company plans to build a state-of-the-art
manufacturing facility in Upstate New York, USA
(creating over 1,400 jobs) -
and add an additional world-class
facility in Dresden, Germany with completion of Fab 38
AMD goes “Asset Smart”
Strengthens balance sheet
Dedicated access to significant leading-edge fab capacity
World-class design leadership in processing and graphics
Future capital investments in wafer fabs optional
AMD and ATIC agreed to form a world-class joint venture
to unlock the value of AMD’s manufacturing expertise and create an
independent, global leading-edge semiconductor manufacturing company
With the combination of manufacturing excellence, patient capital, business acumen and
global talent to lead the next logical step in the evolution of the semiconductor industry
The
Foundry
Company
The
Foundry
Company


| Investor Roadshow | October 7, 2008
5
Overview of ATIC
ATIC is investing $1.4B directly into The Foundry Company and paying $0.7B to AMD in
exchange
for
a
55.6%
fully
diluted
stake
in
The
Foundry
Company.
They
are
also
committing
future
equity
funding
of
a
minimum
of
$3.6B
and
up
to
$6.0B
to
The
Foundry
Company for capital  investments in Upstate New York and Dresden, Germany
ATIC seeks to identify and
realize long-term investment
opportunities in the highly
competitive and capital-
intensive advanced technology
sector.
These advantages
include significant and reliable
capital, a patient investment
philosophy, and a subsequently
long-term investment horizon.
ATIC was founded in 2008
ATIC will hold and manage the stake in The Foundry
Company
ATIC will enter into an initial management agreement
with Mubadala to help manage The Foundry Company
stake while ATIC develops required specialist capabilities
ATIC is focused on making significant investments in the
advanced technology sector, both locally and
internationally.
The Advanced Technology Investment Company (ATIC) –
a technology investment company wholly owned by                
the Government of Abu Dhabi


| Investor Roadshow | October 7, 2008
6
The Foundry
Company is uniquely
positioned to
win in this
new era
A Large and Timely Growth Opportunity
Global demand is growing for contract 
semiconductor manufacturing -
particularly
leading-edge, independent foundry services
Global semiconductor sales set to grow
from $277B in 2008 to $321B in 2010(1)
Rapidly
rising
cost
and
complexity
in
semiconductor manufacturing
Widespread
transition
to
foundries
by
major IDMs, including TI, Sony, STM, Freescale
IBM Alliance is strong and formidable
with shared objectives, investments, returns
AMD history of manufacturing leadership
is ahead of all major independent foundries
(1) Source: Semiconductor Industry Association


| Investor Roadshow | October 7, 2008
7
Technology Leadership
Deep partnership with IBM
Aggressive 32/22/15 nm roadmap
Bulk and SOI
Creating A Global Leader in the Foundry Business
Capital Funding
Initial funding of $1.4B
Minimum committed future equity funding of $3.6B and up
to $6.0B in total capital
Capacity Roadmap
Industry leading capacity roadmap
Fab 36, commitment to build out Fab 38, Upstate New York,
and more…
Leading-edge Volumes
Industry’s most advanced products in independent foundry
Time to market
Scale
Manufacturing Excellence
World class expertise, yields, and cycle times
APM technology
Best in class fabs built on LEAN principles
Global World-class Team
Experienced executive team
Highly educated workforce
The Foundry Company will be a ‘new global enterprise’
combining talent and resources from around the world
to serve a growing global demand for leading-edge foundry services.


| Investor Roadshow | October 7, 2008
8
Established history of manufacturing excellence under AMD
Scale and access to capital to remain on the leading-edge
Projected sales to AMD of ~$1.5B, starting 2009
300mm wafer capacity at 65nm/45nm SOI in
excess of 28,000 wafers per month
SOI technology rooted in IBM alliance
Global presence
Strong commitment to process technology leadership
3,000 employees, world class IP, experience, dedicated
management
Doug Grose to become CEO and Hector Ruiz Chairman 
Introducing ‘The Foundry Company’
A world-class joint venture with ATIC
unlocking the value of AMD’s manufacturing expertise and
creating an independent, global, leading-edge semiconductor manufacturing company
With
the
combination
of
manufacturing
excellence,
‘patient
capital,’
business
acumen
and
global talent to lead the next logical step in the evolution of the semiconductor industry


| Investor Roadshow | October 7, 2008
9
AMD, the Next Stage, Positioned For Success
Strategic commitment from Mubadala
The Foundry Company plans multi-billion dollar build-out of leading
edge fabs in Dresden and Upstate New York
Expanded IBM partnership delivering leading-edge bulk and SOI process
technology
~$1.0B new cash investment
~$1.2B(2)
debt
reduction
assumed
by
The
Foundry
Company
Future fab capital expenditures optional
Reduced process technology R&D costs
Improved free cash flow(3)
by the elimination of required fabrication
capital expenditures offset somewhat by wafers purchased for cash
(foundry model)
Leaner and more variable business model, with a lower breakeven point
of ~$1.5B
The only company with proven track record of innovation in both x86
CPU architecture and graphics technologies
Focused on design, development and marketing competencies
Asset Smart
Manufacturing
Strategy
Asset Smart
Manufacturing
Strategy
Stronger
Financial
Structure(1)
Stronger
Financial
Structure(1)
Leadership
Capabilities
Leadership
Capabilities
(1)
Excluding The Foundry Company, which will be consolidated for financial reporting purposes
(2)
Expected as of close. Debt includes minority interest (non AMD ownership)
(3)
Defined as cash flow from operations less capital expenditures


| Investor Roadshow | October 7, 2008
10
Mubadala Increasing its Stake in AMD
Manages a multi-billion dollar global portfolio
Mubadala increases stake in AMD as a sign of
confidence in it’s long-term potential.  ATIC funds
the creation of the global Joint Venture.
Recent deals include:
-
$8B JV with GE for a financial services business
headquartered in Abu Dhabi
-
Multi faceted transaction including strategic
initiatives focused on clean energy, research,
training and aviation
-
7.5% ownership stake in the Carlyle Group
Mubadala Development Company is a development and investment company,
owned by the government of Abu Dhabi, with a global focus on commercial activities
that achieve economic returns while advancing economic diversification
Mubadala is increasing its stake in AMD from 8.1% to
19.3% on a fully diluted basis with $0.3B cash infusion


| Investor Roadshow | October 7, 2008
11
Summary Transaction Mechanics
107M shares (including 49M
from 11/07 investment) and
30M warrants
(2)
19.3%
(1)
$2.4B fab
assets and
~$1.2B
(5)
debt
$0.3B
cash
Transaction Mechanics
Pro-Forma Structure
~$1.5B starting cash
$2.4B of The
Foundry
Company
Equity(4)
(1) Represents 19.3% of fully diluted basis as of 9/26/08
(2) Includes AMD stock and warrants issued to Mubadala in transaction. Warrants will have an exercise price of $0.01
(3)
AMD
and
ATIC
will
each
at
the
closing
have
equal
voting
rights.
The
Foundry
Company
will
be
owned
on
a
fully-converted
common
basis
44.4%
by
AMD
and 55.6% by ATIC. ATIC’s economic ownership will increase over time based on the differences in securities held by AMD and ATIC and depending on
whether
AMD
elects
to
invest
at
the
same
level
as
ATIC
in
future
capital
infusions
to
support
The
Foundry
Company’s
growth
(4) Net $1.7B after sale to ATIC
(5) Expected as of close. Debt includes minority interest (non AMD ownership)
The
Foundry
Company
The
Foundry
Company


| Investor Roadshow | October 7, 2008
12
Transaction Summary
AMD will sell to Mubadala 58M new shares and 30M warrants(1) in exchange $0.3B                              
which will increase Mubadala’s ownership in AMD to 19.3% on a fully diluted basis
Mubadala has a right to designate a member of the Board of Directors of AMD
(1) Warrants will have an exercise price of $0.01
AMD
will
transfer
people,
manufacturing
assets,
Fab36
debt
and
some
intellectual
property
ATIC to invest $2.1B in capital:
-
$1.4B to The Foundry Company
-
$0.7B to AMD
-
ATIC will hold convertible notes in The Foundry Company
The joint venture will be owned on a fully-converted common basis 44.4% by AMD and 55.6% by ATIC.
-
AMD and ATIC will be The Foundry Company’s only shareholders.  At close each will have equal voting rights
-
80% of ATIC’s equity in the form of Class B Preferred shares with a preferred 12% return upon a liquidity event
-
ATIC’s economic ownership will increase over time based on the differences in securities held by AMD and ATIC, and
depending on whether AMD elects to invest proportionally with ATIC in future capital infusions to support The
Foundry Company’s growth
-
Have a Board of Directors whose membership is equally divided between representatives of AMD and ATIC
Minimum of $3.6B and up to $6.0B of future funding over five years to The Foundry Company, primarily for
New York and Dresden facilities
-
AMD has the option, but not the obligation, to provide additional capital to be invested in The Foundry Company
AMD will have guaranteed access to advanced manufacturing services and capacity
The
Foundry
Company
will
have
an
exclusive
supply
agreement
with
limited
exceptions
to
manufacture
AMD
processors and to manufacture, where competitive, certain percentages of other AMD semiconductor
products.
The
Foundry
Company
The
Foundry
Company


| Investor Roadshow | October 7, 2008
13
Positive Impact to AMD
(1)
(1)
AMD Inc financial results projections for fiscal year 2009, without The Foundry Company
(2)
Expected as of close. Debt includes minority interest (non AMD ownership)
(3)
Defined as cash flow from operations less capital expenditures
Free Cash
Flow(3)
Debt
Cash
Capital
Expenditures
Reduction in capital
expenditure, G&A and
process R&D offset by
higher COGS
Assumption of $1.2B(2)
debt
by The Foundry Company
~$1.0B new cash
investment
Fab capital expenditures
optional
Operating
Profit
Net Interest
Gross
Margin
Operating
Expenses
Higher COGS offset by lower
operating expenses
Lower interest expense
Increased interest income
Reflective of asset smart
business model
Reduction of process R&D
Decreased G&A


| Investor Roadshow | October 7, 2008
14
Improvements in Pro Forma Capitalization
6/28/2008
6/28/2008
6/28/2008
6/28/2008
($ Billions)
AMD
As Reported
AMD
Pro Forma
Unconsolidated
The Foundry
Company
Pro Forma
AMD
Pro Forma
Consolidated
Total Cash
$1.6
$2.5
$1.6
$4.0
Total Debt
(1)
$5.5
$4.2
$1.7
$7.6
Net Debt
$3.9
$1.7
$0.2
$3.6
(1)
Includes minority interest: non AMD ownership
NOTE:  See Appendices A&B for financial reconciliation
For financial reporting purposes The Foundry Company will be consolidated with AMD


| Investor Roadshow | October 7, 2008
15
Transaction Close
Transaction close expected in the beginning of 2009 and is
dependent on:
Transfer of previously confirmed New York incentives to The
Foundry Company for the creation of a state-of-the-art
manufacturing facility in Upstate New York
Assumption of Dresden debt by The Foundry Company
Continuation of Dresden grants
Securing routine merger control clearances
in appropriate geographies
AMD stockholder approval for issuance
of common stock and warrants(1)
to Mubadala
Clearance by the Committee on Foreign Investment in the United 
States (CFIUS)
Customary closing conditions
(1) Warrants will have an exercise price of $0.01


| Investor Roadshow | October 7, 2008
16
Summary
A world-class deal with world-class committed partners
Unlocking the value of AMD’s manufacturing talent and assets
Strengthening AMD balance sheet
Reducing AMD capital investment requirements
AMD securing guaranteed access to the most advanced, leading-edge capacity
Committed future equity funding of a minimum of $3.6B and up to $6.0B from
ATIC to The Foundry Company
Expanding and strengthening the Foundry Company’s IBM partnership
Mubadala and ATIC are strategic financial partners for AMD and The Foundry
Company, respectively
Positioning
and
financing
AMD
and
The
Foundry
Company
for
growth
and
success


| Investor Roadshow | October 7, 2008
17
Trademark Attribution
AMD, the AMD Arrow logo and combinations thereof are trademarks of Advanced Micro Devices, Inc. in
the United States and/or other jurisdictions. Other names used in this presentation are for identification
purposes only and may be trademarks of their respective owners.
©2008 Advanced Micro Devices, Inc. All rights reserved.
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| Investor Roadshow | October 7, 2008
18
Back-up
*
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*


| Investor Roadshow | October 7, 2008
19
AMD’s Accounting Post Transaction Close
Upon transaction close, AMD will be required to consolidate The Foundry
Company’s financials under U.S. GAAP accounting rules
AMD’s consolidated U.S. GAAP EPS will be impacted by three factors:
-
Inclusion of The Foundry Company’s U.S. GAAP financial results
-
Minority interest allocation to ATIC based on Class A share ownership
-
Non-cash cumulative dividend from ATIC’s Class B preferred shares in
The Foundry Company to the extent of Class A shares owned by AMD
AMD will be transparent as possible by showing consolidated AMD and The
Foundry Company financial information and some unconsolidated key financial
metrics as we proceed towards transaction close and thereafter.


| Investor Roadshow | October 7, 2008
20
ATIC
equity
investment
in
The
Foundry
Company:
20%
Class
A
Preferred
shares,
80%
Class
B
Preferred
shares,
One
Class
A
ordinary
share
AMD equity investment in The Foundry Company: 100% Class A Preferred shares,
One Class A ordinary share
The Foundry Company Class A stockholders: 83% AMD, 17% ATIC
The Foundry Company Class B stockholders: 100% ATIC
Calculation of Class B Dividend Related Adjustments
Class B cumulative dividend
-
A non-cash charge
-
Only payable upon liquidation event such as IPO or sale of The Foundry Company
if return on The Foundry Company Class B Preferred falls below 12%


| Investor Roadshow | October 7, 2008
21
AMD Net Income (Loss)
Plus:
The Foundry Company Net Income (Loss)
Adjust:
Inter-company elimination
Consolidated GAAP Net Income (Loss)
Less/More:
17% of The Foundry Company Net Income
Less:
83% of 12% Class B Preferred  
Cumulative Dividend
AMD Net Income attributable to AMD
Common shareholders
Divided by:
AMD Shares Outstanding
EPS attributable to AMD Common
shareholders
AMD’s EPS Post The Foundry Company’s
Transaction Close
Subtraction of
minority interest
allocated to ATIC
(1)
Subtraction of
cumulative dividend
allocated to AMD’s
share of The Foundry
Company Class A
(1)
(1)
17% and 83% represent ownership percentages of Class A Preferred
at transaction close for ATIC and AMD respectively


| Investor Roadshow | October 7, 2008
22
Appendix A: Reconciliation of As Reported balances to AMD pro
forma unconsolidated, The Foundry Company pro forma
standalone and AMD pro forma consolidated
Slide 13: Improvements in Pro Forma Capitalization
Total Cash ($ Billions)
As Reported (US GAAP)
1.6
Add: Cash received from ATIC for the Foundry Company shares
purchased from AMD
Add: Cash from issuance of AMD shares and warrants
0.7 
0.3
AMD Pro forma Unconsolidated
2.5
The Foundry Company
Existing cash and cash contributed by ATIC
1.6
The Foundry Company Pro forma
1.6
AMD Consolidated
As Reported balance
Add: Cash received directly from ATIC
Add: Cash from issuance of AMD shares and warrants
Add: Cash contributed by ATIC to The Foundry Company
1.6
0.7
0.3
1.4
AMD Pro forma Consolidated
4.0


| Investor Roadshow | October 7, 2008
23
Appendix B: Reconciliation of As Reported balances to AMD pro forma
unconsolidated, The Foundry Company pro forma standalone and AMD
pro forma consolidated
Slide 13: Improvements in Pro Forma Capitalization
Debt ($ Billions)
As Reported (US GAAP)
5.3
Add: Minority Interest
0.2
Total Debt and Minority Interest
5.5
Less: Debt (1.10) and minority interest (0.19) to be assumed by The
Foundry Company
(1.3)
AMD Pro forma Unconsolidated
4.2
The Foundry Company
Existing debt and minority interest balance included in As Reported
balance above
Add: New convertible notes issued by The Foundry Company to ATIC
1.3
0.4
The Foundry Company Pro forma
1.7
AMD Consolidated
As Reported balance
Add: New convertible notes issued by The Foundry Company
Add: New minority interest as a result of this transaction
5.5
0.4
1.7
AMD Pro forma Consolidated
7.6


| Investor Roadshow | October 7, 2008
24
Additional Information and Where You Can Find it
AMD
will
file
a
proxy
statement
pursuant
to
which
AMD’s
board
of
directors
will
solicit
proxies
in
connection
with
seeking
AMD
stockholder
approval
of
the
issuance
of
AMD
shares
and
warrants
pursuant
to
the
Master
Transaction
Agreement
with
the
Securities
and
Exchange
Commission
(the
“SEC”).
Investors
and
security
holders
are
urged
to
read
the
proxy
statement
when
it
becomes
available
and
other
relevant
documents
filed
with
the
SEC
because
they
will
contain
important
information.
Security
holders
may
obtain
a
free
copy
of
the
proxy
statement,
when
AMD
files
it
with
the
SEC
in
the
coming
weeks,
and
other
documents
filed
by
AMD
with
the
SEC
at
the
SEC’s
web
site
at
http://www.sec.gov.
The
proxy
statement
and
other
documents
may
also
be
obtained
for
free
by
contacting
AMD
Investor
Relations
at
investor.relations@amd.com
or
by
telephone:
(408)
749
4000.
AMD
and
its
executive
officers
and
directors
may
be
deemed
to
be
participants
in
the
solicitation
of
proxies
from
AMD’s
stockholders
with
respect
to
issuance
of
AMD
shares
and
warrants
pursuant
to
the
Master
Transaction
Agreement.
Information
regarding
such
executive
officers
and
directors
is
included
in
AMD’s
Proxy
Statement
for
its
2008
Annual
Meeting
of
Stockholders
filed
with
the
SEC
on
March
14,
2008,
which
is
available
free
of
charge
at
the
SEC’s
web
site
at
http://www.sec.gov
and
from
AMD
Investor
Relations
which
can
be
contacted
at
investor.relations@amd.com
or
by
telephone:
(408)
749
4000.
Certain
executive
officers
and
directors
of
AMD
have
interests
in
the
transaction
that
may
differ
from
the
interests
of
AMD
stockholders
generally.
These
interests
will
be
described
in
the
proxy
statement
when
AMD
files
it
with
the
SEC,
in
the
coming
weeks.


| Investor Roadshow | October 7, 2008
25
Trademark Attribution
AMD, the AMD Arrow logo and combinations thereof are trademarks of Advanced Micro Devices, Inc. in
the United States and/or other jurisdictions. Other names used in this presentation are for identification
purposes only and may be trademarks of their respective owners.
©2008 Advanced Micro Devices, Inc. All rights reserved.
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