Pros
Excellent work life balance. AMD is not like Dell. Many people come from Dell to work at AMD and really prefer the culture inside AMD. There is a remote work program for those who can get there work done from home and there are rarely meetings at 8am or 5pm (unlike Dell). Leadership is competent for the most part and makes good effort to communicate company goals and strategies to every employee, so you feel looped in to the larger picture and can map your goals accordingly.
Cons
As with any large corporation, there are re-orgs without much warning or communicated rationale that is tangible and figuring out how to work cross-functionally is left to managers and below. That means make the most of how to get work done and create process where you find there is none. Director and above jobs seem to typically be filled by going outside the company with a few exceptions. HR and execs seem to know this but have yet to do more internal candidate grooming.