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Subsequent Events | 3 Months Ended
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Mar. 29, 2025
Subsequent Events [Abstract] |
Subsequent Event | Subsequent Events Acquisition of ZT Systems On March 31, 2025, the Company completed the acquisition of ZT Group Int’l Inc. (ZT Systems) to help accelerate the end-to-end design and deployment of AMD-powered AI infrastructure at scale for the cloud. At the close of the acquisition, the Company paid $3.375 billion in cash, subject to certain purchase price adjustments, and issued 8,335,849 shares of the Company’s common stock. To the extent certain conditions are met, the Company will pay an additional $300 million in cash and issue up to 740,961 shares of the Company’s common stock. The Company is actively seeking a strategic partner to acquire ZT Systems' manufacturing business. Export Restrictions On April 15, 2025, the Company completed its initial assessment of a new license requirement implemented by the U.S. government for the export of certain semiconductor products to China (including Hong Kong and Macau) and D:5 countries, or to companies headquartered or with an ultimate parent in such countries (the Export Control). The Export Control applies to the Company’s MI308 products. The Company expects to apply for licenses but there is no assurance that licenses will be granted. The Company expects that the Export Control may result in charges of approximately $800 million in inventory and related reserves. Tax Matters The Company previously submitted claims to the Internal Revenue Service (IRS) seeking reasonable cause relief related to dual consolidated losses. On April 17, 2025, the IRS approved the Company’s request for relief. The relief, as approved, is estimated to favorably impact the Company’s tax provision in fiscal year 2025 by approximately $900 million.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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