AMD and Qualcomm Collaborate to Optimize FastConnect Connectivity Solutions for AMD Ryzen Processors

AMD (NASDAQ: AMD) and Qualcomm Technologies, Inc. a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), today announced a collaboration to optimize the Qualcomm® FastConnect™ connectivity system for AMD Ryzen™ processor-based computing platforms, starting with AMD Ryzen™ PRO 6000 Series processors and the Qualcomm® FastConnect™ 6900. With the FastConnect 6900 system, the latest AMD Ryzen processor-powered business laptops feature Wi-Fi® 6 and 6E connectivity, including advanced wireless capabilities enabled with Windows 11.

In collaboration with Microsoft, next-generation Windows 11 PCs, such as the Lenovo ThinkPad Z Series and HP EliteBook 805 Series , can harness the full potential of Windows 11 Wi-Fi Dual Station through Qualcomm® 4-Stream Dual Band Simultaneous. Multiple Wi-Fi bands outperform traditional single band connections for improved video conferencing experiences, reduced latency, and enhanced connection robustness. Leveraging the 6 GHz band, next-gen laptop users can take full advantage of its bandwidth and speed improvements without competing with any non-6E devices.

For IT administrators, the AMD Manageability Processor ¹ now available in Ryzen PRO 6000 systems is a solution that enables remote management of AMD commercial platforms. When paired with the FastConnect 6900, this solution enables wireless manageability with support for 32+ widely used Open Standard-Based (DASH) profiles. Together the AMD Manageability processor and the FastConnect 6900 unlock enhanced capabilities for IT to manage systems.

"Out-of-band Wi-Fi remote management is an important tool for enterprise IT managers to diagnose and fix issues, even when the operating system is not running," said Jason Banta, CVP and General Manager, OEM Client Computing, AMD. "AMD Ryzen™ PRO 6000 Series processors with Qualcomm FastConnect 6900 enable next generation business laptops to have the processing and connectivity tools needed to perform in modern environments, offering professional-strength remote manageability for users in the new, hybrid workplace."

"Our collaboration with AMD reflects Qualcomm Technologies' commitment to the mobile computing space. By optimizing FastConnect 6900 for platforms powered by AMD Ryzen 6000 Series processors, we're bringing secure Wi-Fi remote management to AMD enterprise customers," said Dino Bekis, vice president and general manager, Mobile Compute and Connectivity, Qualcomm Technologies, Inc. "This represents the first step in our relationship to bring superior wireless connectivity to the AMD mobile computing roadmap."

Industry Support
"At HP, we are committed to creating solutions that provide customers with innovation choices critical to thrive in today's hybrid work environments," said Gagan Singh, vice president, commercial portfolio product management and experiences, HP Inc. "The AMD Ryzen™ PRO 6000 Series processors deliver high performance, battery life, plus the remote management features our customers expect, while the latest AMD Ryzen PRO processors with Qualcomm FastConnect 6900 provide the option of advanced connectivity."

"Our enterprise customers demand the advanced manageability and superior Wi-Fi connectivity AMD Ryzen™ PRO 6000 Series processors with Qualcomm FastConnect 6900 offer," said Tom Butler, executive director, IDG Commercial Portfolio at Lenovo. "The Wi-Fi 6E extension into 1200MHz of new 6 GHz spectrum addresses the demand for reliable two-way data traffic such as video calls, collaboration tools like Microsoft Teams and remote management to ensure sustained productivity for the global workforce facing congestion from streaming, gaming and school-from-home."

In collaboration with our OEM providers, AMD and Qualcomm Technologies are committed to delivering leading commercial platforms, addressing the new needs for business users and IT departments.

Supporting Resources

Learn more about AMD Ryzen PRO processors
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Learn more about Qualcomm Technologies' connectivity portfolio
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About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ:AMD) website , blog , Facebook and Twitter pages.

About Qualcomm
Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

©2022 Advanced Micro Devices, Inc. All rights reserved. AMD, the AMD Arrow logo, Radeon, Ryzen, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Bluetooth is a registered trademark owned by Bluetooth SIG, Inc. Wi-Fi is a registered trademark of Wi-Fi Alliance. Other product names used herein are for identification purposes and may be trademarks of their respective owners.

Qualcomm and FastConnect are trademarks or registered trademarks of Qualcomm Incorporated. Qualcomm FastConnect and Qualcomm 4-Stream DBS are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

________________

¹ AMD Manageability Processor requires OEM enablement. Check with the system manufacturer prior to purchase.

AMD Contacts:
Stacy MacDiarmid
AMD Communications
+1 512-658-2265
Stacy.MacDiarmid@amd.com

Laura Graves
AMD Investor Relations
+1 408-749-5467
Laura.Graves@amd.com

Qualcomm Contacts:
Pete Lancia
Qualcomm Communications
+1 858-845-5959
corpcomm@qualcomm.com

Mauricio Lopez-Hodoyan
Qualcomm Investor Relations
+1 858-658-4813
ir@qualcomm.com

News Provided by GlobeNewswire via QuoteMedia

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More Information:
Daniel Japiassu
Director and Chief Executive Officer
hey@ydreamsglobal.com | www.ydreamsglobal.com | www.youtube.com/ydreamsglobal
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Click here to connect with YDreams Global Interactive Technologies Inc. (TSXV:YD) for an Investor Presentation.

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Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and per-share amounts)

	Three Months Ended					Twelve Months Ended
	September 30, 2023		September 24, 2022			September 30, 2023			September 24, 2022
Net sales:
Products	$	67,184	$	70,958		$	298,085		$	316,199
Services		22,314		19,188			85,200			78,129
Total net sales ⁽¹⁾		89,498		90,146			383,285			394,328
Cost of sales:
Products		42,586		46,387			189,282			201,471
Services		6,485		5,664			24,855			22,075
Total cost of sales		49,071		52,051			214,137			223,546
Gross margin		40,427		38,095			169,148			170,782

Operating expenses:
Research and development		7,307		6,761			29,915			26,251
Selling, general and administrative		6,151		6,440			24,932			25,094
Total operating expenses		13,458		13,201			54,847			51,345

Operating income		26,969		24,894			114,301			119,437
Other income/(expense), net		29		(237	)		(565	)		(334	)
Income before provision for income taxes		26,998		24,657			113,736			119,103
Provision for income taxes		4,042		3,936			16,741			19,300
Net income	$	22,956	$	20,721		$	96,995		$	99,803

Earnings per share:
Basic	$	1.47	$	1.29		$	6.16		$	6.15
Diluted	$	1.46	$	1.29		$	6.13		$	6.11
Shares used in computing earnings per share:
Basic		15,599,434		16,030,382			15,744,231			16,215,963
Diluted		15,672,400		16,118,465			15,812,547			16,325,819

⁽¹⁾ Net sales by reportable segment:
Americas	$	40,115	$	39,808		$	162,560		$	169,658
Europe		22,463		22,795			94,294			95,118
Greater China		15,084		15,470			72,559			74,200
Japan		5,505		5,700			24,257			25,977
Rest of Asia Pacific		6,331		6,373			29,615			29,375
Total net sales	$	89,498	$	90,146		$	383,285		$	394,328

⁽¹⁾ Net sales by category:
iPhone	$	43,805	$	42,626		$	200,583		$	205,489
Mac		7,614		11,508			29,357			40,177
iPad		6,443		7,174			28,300			29,292
Wearables, Home and Accessories		9,322		9,650			39,845			41,241
Services		22,314		19,188			85,200			78,129
Total net sales	$	89,498	$	90,146		$	383,285		$	394,328

Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and par value)

	September 30, 2023			September 24, 2022
ASSETS:
Current assets:
Cash and cash equivalents	$	29,965		$	23,646
Marketable securities		31,590			24,658
Accounts receivable, net		29,508			28,184
Vendor non-trade receivables		31,477			32,748
Inventories		6,331			4,946
Other current assets		14,695			21,223
Total current assets		143,566			135,405

Non-current assets:
Marketable securities		100,544			120,805
Property, plant and equipment, net		43,715			42,117
Other non-current assets		64,758			54,428
Total non-current assets		209,017			217,350
Total assets	$	352,583		$	352,755

LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable	$	62,611		$	64,115
Other current liabilities		58,829			60,845
Deferred revenue		8,061			7,912
Commercial paper		5,985			9,982
Term debt		9,822			11,128
Total current liabilities		145,308			153,982

Non-current liabilities:
Term debt		95,281			98,959
Other non-current liabilities		49,848			49,142
Total non-current liabilities		145,129			148,101
Total liabilities		290,437			302,083

Commitments and contingencies

Shareholders' equity:
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,550,061 and 15,943,425 shares issued and outstanding, respectively		73,812			64,849
Accumulated deficit		(214	)		(3,068	)
Accumulated other comprehensive loss		(11,452	)		(11,109	)
Total shareholders' equity		62,146			50,672
Total liabilities and shareholders' equity	$	352,583		$	352,755

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)

	Twelve Months Ended
	September 30, 2023			September 24, 2022
Cash, cash equivalents and restricted cash, beginning balances	$	24,977		$	35,929

Operating activities:
Net income		96,995			99,803
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization		11,519			11,104
Share-based compensation expense		10,833			9,038
Other		(2,227	)		1,006
Changes in operating assets and liabilities:
Accounts receivable, net		(1,688	)		(1,823	)
Vendor non-trade receivables		1,271			(7,520	)
Inventories		(1,618	)		1,484
Other current and non-current assets		(5,684	)		(6,499	)
Accounts payable		(1,889	)		9,448
Other current and non-current liabilities		3,031			6,110
Cash generated by operating activities		110,543			122,151

Investing activities:
Purchases of marketable securities		(29,513	)		(76,923	)
Proceeds from maturities of marketable securities		39,686			29,917
Proceeds from sales of marketable securities		5,828			37,446
Payments for acquisition of property, plant and equipment		(10,959	)		(10,708	)
Other		(1,337	)		(2,086	)
Cash generated by/(used in) investing activities		3,705			(22,354	)

Financing activities:
Payments for taxes related to net share settlement of equity awards		(5,431	)		(6,223	)
Payments for dividends and dividend equivalents		(15,025	)		(14,841	)
Repurchases of common stock		(77,550	)		(89,402	)
Proceeds from issuance of term debt, net		5,228			5,465
Repayments of term debt		(11,151	)		(9,543	)
Proceeds from/(Repayments of) commercial paper, net		(3,978	)		3,955
Other		(581	)		(160	)
Cash used in financing activities		(108,488	)		(110,749	)

Increase/(Decrease) in cash, cash equivalents and restricted cash		5,760			(10,952	)
Cash, cash equivalents and restricted cash, ending balances	$	30,737		$	24,977

Supplemental cash flow disclosure:
Cash paid for income taxes, net	$	18,679		$	19,573
Cash paid for interest	$	3,803		$	2,865

AMD and Qualcomm Collaborate to Optimize FastConnect Connectivity Solutions for AMD Ryzen Processors

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