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                            July 20, 2020

       Devinder Kumar
       Chief Financial Officer
       ADVANCED MICRO DEVICES INC
       2485 Augustine Drive
       Santa Clara, CA 95054

                                                        Re: ADVANCED MICRO
DEVICES INC
                                                            Form 10-K for the
fiscal year ended December 28, 2019
                                                            Filed February 4,
2020
                                                            File No. 1-07882

       Dear Mr. Kumar:

              We have reviewed your filing and have the following comments. In
some of our
       comments, we may ask you to provide us with information so we may better
understand your
       disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to these comments, we may have additional comments.

       Form 10-K for the fiscal year ended December 28, 2019

       Management's Discussion and Analysis of Financial Condition and Results
of Operations
       Critical Accounting Estimates, page 35

   1.                                                   Please enhance your
critical accounting estimate disclosures to more fully address the
                                                        following:
                                                            We note you
establish provisions for rights of return and price protection on unsold
                                                             products held by
distributors and we note certain OEMs may be entitled to rights of
                                                             return and rebates
under OEM agreements. Explain the material assumptions you
                                                             used to estimate
these provisions, quantify the impact these assumptions had during
                                                             each period, and
discuss the impact potential changes in these assumptions
                                                             could have on
future results. Your disclosures should consider addressing any
                                                             material
differences between assumptions related to distributors and OEMs.
                                                            We note your
disclosures related to inventory valuation. Explain the material
                                                             assumptions you
used to estimate reserves, quantify the impact these assumptions had
 Devinder Kumar
ADVANCED MICRO DEVICES INC
July 20, 2020
Page 2
              during each period, and discuss the impact potential changes in
these assumptions
              could have on future results.
                We note your disclosures related to income taxes. Explain the
specific facts and
              circumstances that resulted in you concluding recovery of
deferred tax assets is not
              more likely than not and discuss the potential facts and
circumstances that may
              change that conclusion.
Liquidity and Capital Resources
Operating Activities, page 38

2.       Please quantify and discuss the reasons for material fluctuations in
working capital
         components, including the reasons for increases in accounts
receivable,
         inventories, prepaid expenses and other assets, and accounts payable,
accrued liabilities
         and other. In this regard, we note your reference to higher cash
collections; however, we
         note accounts receivable have increased at a substantially higher rate
than revenue. We
         also note your reference to the timing of accounts payable payments
with no explanation
         why the timing changed. Please enhance your disclosures to discuss the
reasons for
         material variations in working capital components.
Consolidated Financial Statements
Consolidated Balance Sheets, page 45

3.       Please provide roll-forwards of activity in your valuation and
qualifying accounts in the
         notes to the financial statements or in the schedule required by Rule
12-09 of Regulation
         S-X.
Notes to Consolidated Financial Statements
NOTE 2: Summary of Significant Accounting Policies
Revenue Recognition, page 49

4.     Please enhance your revenue recognition disclosures to more fully
address the following:
            Describe your contracts and whether they include multiple elements
or single
            products and services.
            Explain how you determine each performance obligation and, if
applicable, how you
            estimate standalone selling prices.
            Address whether estimates for variable consideration are
constrained.
            Regarding revenue for custom products, explain why recognizing
revenue over time
            based on the value of the inventory and expected margin is the most
appropriate
            method.
            Regarding revenue for licensing agreements, explain the nature of
the arrangements
FirstName LastNameDevinder Kumar
            that are used to determine whether revenue is recognized over time
or at a point in
Comapany time.
            NameADVANCED MICRO DEVICES INC
July 20,Please
         2020 refer
               Page to
                     2 ASC 606-10-50.
FirstName LastName
 Devinder Kumar
FirstName  LastNameDevinder Kumar
ADVANCED      MICRO DEVICES   INC
Comapany
July       NameADVANCED MICRO DEVICES INC
     20, 2020
July 20,
Page  3 2020 Page 3
FirstName LastName
5.       Please explain your consideration of providing additional disclosures
that disaggregate
         revenue recognized from contracts with customers into categories that
more fully depict
         how the nature, amount, timing and uncertainty of revenue and cash
flows are effected by
         economic factors. For example, we note that you recognize revenue
using both point in
         time and over time methods and that you sell products to both
distributors and OEMs. We
         also note from your MD&A disclosures and earnings calls that revenue
from certain
         products can substantially impact your margins and results. Please
more fully explain
         your consideration of the provisions of ASC 606-10-50-5 and ASC
606-10-55-89 to 91.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       You may contact Mindy Hooker at 202-551-3732 or Anne McConnell at
202-551-3709
with any questions.



                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of
Manufacturing