Effective January 2, 2013, Advanced Micro Devices, Inc. (the "Company") appointed Devinder Kumar, age 57, to serve as the Company's Senior Vice President and Chief Financial Officer. Mr. Kumar joined the Company in 1984. He has served as Corporate Controller of the Company since 2001, as Senior Vice President of the Company since 2006 and as interim Chief Financial Officer since September 2012.

In connection with assuming the position of Chief Financial Officer, the Compensation Committee of the Board of Directors (the "Compensation Committee") approved an increase in Mr. Kumar's annual base salary to $500,000. The Compensation Committee also approved awards to Mr. Kumar consisting of 336,322 restricted stock units and an option to purchase 726,556 shares of the Company's common stock at an exercise price equal to the closing price of the Company's common stock on the date of the grant. One-third of the shares underlying the stock option will vest on January 15, 2014 (the "Vesting Start Date"), and one-twelfth of the underlying shares will vest on each three-month anniversary of the Vesting Start Date. One-third of the restricted stock units will vest on each of February 9, 2014, February 9, 2015 and February 9, 2016. Mr. Kumar will also be eligible to receive an annual incentive bonus with a target payout equal to one hundred percent (100%) of his base salary based on the achievement of individual and corporate objectives to be determined by the Compensation Committee.

In addition, in connection with Mr. Kumar's service as interim Chief Financial Officer, the Compensation Committee approved a one-time cash bonus payable to Mr. Kumar in the amount of $125,000.

A copy of the press release announcing Mr. Kumar's appointment is attached as Exhibit 99.1 hereto.

(d) Exhibits

                  Exhibit
                  Number    Description

                  99.1      Press Release dated January 2, 2013.