Chip maker Advanced Micro Devices (AMD) is leaving the House That Jerry Sanders Built, moving into a a new "state-of-the-art" headquarters in Santa Clara, in a mixed-use facility known as Santa Clara Square, the company said this afternoon.

The company has taken a "long-term lease" on the building, it said, a six-story facility that is being built for AMD and that will be able to house up to 1,000 employees, the company said.

Santa...