ADVANCED MICRO DEVICES INC
AMD
Information Technology
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
KnowTheChain ICT Benchmark 2025 (BHRRC) - Advanced Micro Devices assessed in 45-company ICT forced labor benchmark; AMD among only five companies to respond to Xinjiang gold sourcing allegations but continued sourcing despite flags; individual scorecard published by BHRRC
Advanced Micro Devices actively markets defense-grade semiconductors through its Aerospace & Defense division, offering mil-spec FPGAs, adaptive SoCs, and space-grade processors for ground, airborne, and space military systems. AMD components are integrated into weapons platforms by prime contractors including Raytheon for Department of Defense sensor systems. AMD chips have also been documented in Russian weapons systems via third-party supply chain diversion, though AMD's compliance team notes these were typically legacy components obtained through intermediaries rather than direct sales.
Research Sources
2 organizations
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.