AMD 1995 Annual Report Download - page 27

the entire worldwide facilities owned or leased by the Corporation,
approximately 580,000 square feet are currently vacant. In addition,
approximately 180,000 square feet are currently vacant until the construction of
Fab 25 is completed. The Corporation has entered into an agreement to lease 723
acres of land in Suzhou, China. The Corporation holds 74 undeveloped acres of
land in the Republic of Ireland. The Corporation also has an equity interest in
58 acres of land in Albuquerque, New Mexico, which it has under a contract to
sell that is expected to close in 1996.
AMD leases 34 sales offices in North America, six sales offices in Asia and
thirteen sales offices in Europe for its direct sales force. These offices are
located in cities in major electronics markets where concentrations of AMD's
customers are located.
Leases covering the Corporation's facilities expire over terms of generally
one to twenty years. The Corporation anticipates no difficulty in either
retaining occupancy of any of its facilities through lease renewals prior to
expiration or through month-to-month occupancy, or replacing them with
equivalent facilities. (See Note 14 of Notes to Consolidated Financial
Statements contained in the 1995 Annual Report to Stockholders.)
ITEM 3. LEGAL PROCEEDINGS
1. Environmental Matters. Since 1981, the Corporation has discovered,
investigated and begun remediation of three sites where releases from
underground chemical tanks at its facilities in Santa Clara County, California,
adversely affected the groundwater. The chemicals released into the groundwater
were commonly in use in the semiconductor industry in the wafer fabrication
process prior to 1979. At least one of the released chemicals (which is no
longer used by the Corporation) has been identified as a probable carcinogen.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996