ADVANCED MICRO DEVICES INC (AMD) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that ADVANCED MICRO DEVICES INC surfaced in its latest filing.

• In September 2025, Nvidia announced a partnership and investment in Intel to partner on new data center and client platform products.September 2025
• AMD is developing Helios rack-scale platforms expected to start shipping in the second half of fiscal year 2026.second half of fiscal year 2026
• Party to a wafer supply agreement with GF providing minimum annual capacity allocation and pricing through 2026.2026
• In 2024, experienced some inventory loss due to an incident at a contract manufacturer.2024
• In April 2025, the U.S. government implemented a new license requirement for the export of certain semiconductor products to China and D5 countries, impacting AMD Instinct MI308 products.April 2025
• As a result of the export restriction, AMD incurred approximately $440 million of net inventory and related charges in 2025.2025
• AMD was granted some export licenses by the U.S. government to ship MI308 products to certain China-based customers and began shipping at the end of fiscal 2025.end of fiscal 2025
• In February 2026, the U.S. government granted some export licenses authorizing AMD to ship AMD Instinct MI325 products to certain China-based customers, subject to a 25% tariff upon importation into the United States for inspection.February 2026
• In October 2023, BIS issued requirements preventing AMD from shipping certain AMD Instinct integrated circuits and certain AMD Versal FPGAs to China or to customers headquartered in D5 Countries without a license.October 2023
• In August 2025, U.S. government officials expressed an expectation of receiving 15% of the revenue from licensed MI308 sales to China, though no regulation has been published.August 2025
• In January 2025, BIS issued the AI Diffusion Rule, which would have imposed new restrictions on exports of certain advanced semiconductor devices; in May 2025, BIS announced plans to rescind it and issue replacement rules.May 2025
• In 2026, China's State Council promulgated Decree No. 834 and Decree No. 835, expanding authorities to investigate and impose countermeasures on foreign companies implementing foreign export controls.2026
• In June 2019, BIS added Higon Information Technology Co., Ltd. (THATIC) and the THATIC joint venture to the Entity List.June 2019
• In September 2025, BIS issued a rule designating entities at least 50% owned by Entity List parties as subject to Entity List restrictions, and though enforcement was suspended in October 2025, the restrictions can be reimposed at any time.September 2025
• AMD has been named as a responsible party at three Superfund sites in Sunnyvale, California, and is subject to Final Site Clean-up Requirements Orders from the California Regional Water Quality Control Board.
• The EU AI Act was adopted in 2024 and its implementation will be phased in over the next few years.2024
• AMD has a Revolving Credit Agreement, a $5.0 billion unsecured facility replacing a $3.0 billion facility.
• AMD has an approved Repurchase Program authorizing repurchases of up to $14 billion of common stock; as of June 27, 2026, $9.2 billion remained available.June 27, 2026
• In April 2024, Taiwan experienced an earthquake where AMD's third-party wafer foundries are located.April 2024