<PAGE>   1

<TABLE>
                                                                                    
<S>                                                                                       <C>
                                                                                                 OMB APPROVAL
                                 UNITED STATES                                            OMB Number:        3235-0145
                       SECURITIES AND EXCHANGE COMMISSION                                 Expires:    October 31, 1994
                            WASHINGTON, D.C.  20549                                       Estimated average burden
                                                                                          hours per response.....14.90
                                  SCHEDULE 13G

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
   
                               (AMENDMENT NO. 3)*
    


                          ADVANCED MICRO DEVICES INC.
                          ---------------------------
                                (Name of Issuer)

                                     COMMON
                         ------------------------------
                         (Title of Class of Securities)

                                   007903107
                                 --------------
                                 (CUSIP Number)
</TABLE>



Check the following box if a fee is being paid with this statement [ ].  (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).





SEC 1745 (2/92)                   Page 1 of 5 pages

<PAGE>   2
CUSIP No. 007903107                      13G                Page 2 OF 5 PAGES


       NAME OF REPORTING PERSON
   1   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       THE CAPITAL GROUP, INC.
       86-0206507

       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   2                                                     (a) [ ]
                                                         (b) [ ]
       SEC USE ONLY
   3

       CITIZENSHIP OR PLACE OF ORGANIZATION
   4
       DELAWARE

                                   SOLE VOTING POWER
                              5       
         NUMBER OF                 4,207,100
                                       
          SHARES          ---------------------------------------------------
                                   SHARED VOTING POWER
       BENEFICIALLY           6
                                   NONE
         OWNED BY
                          ---------------------------------------------------
           EACH                    SOLE DISPOSITIVE POWER
                              7       
         REPORTING                 11,607,020
                                       
          PERSON          ---------------------------------------------------
                                   SHARED DISPOSITIVE POWER
           WITH               8
                                   NONE
                          ---------------------------------------------------

       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   9      
       11,607,020  Beneficial ownership disclaimed pursuant to Rule 13d-4
           
       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
  10

       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
  11      
       12.47%
           
       TYPE OF REPORTING PERSON*
  12
       HC


                        *SEE INSTRUCTION BEFORE FILLING OUT!




                                  Page 2 of 5 pages

<PAGE>   3
CUSIP No. 007903107                      13G                Page 3 OF 5 PAGES


       NAME OF REPORTING PERSON
   1   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       CAPITAL RESEARCH AND MANAGEMENT COMPANY
       95-1411037

       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   2                                                     (a) [ ]
                                                         (b) [ ]

       SEC USE ONLY
   3

       CITIZENSHIP OR PLACE OF ORGANIZATION
   4
       DELAWARE

                                   SOLE VOTING POWER
                              5
         NUMBER OF                 NONE

          SHARES           --------------------------------------------------
                                   SHARED VOTING POWER
       BENEFICIALLY           6
                                   NONE
         OWNED BY
                           --------------------------------------------------
           EACH                    SOLE DISPOSITIVE POWER
                              7       
         REPORTING                 4,975,000
                                       
          PERSON           --------------------------------------------------
                                   SHARED DISPOSITIVE POWER
           WITH               8
                                   NONE
                           --------------------------------------------------

       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   9      
       4,975,000  Beneficial ownership disclaimed pursuant to Rule 13d-4
           
       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
  10

       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
  11      
       5.39%
           
       TYPE OF REPORTING PERSON*
  12
       IA


                        *SEE INSTRUCTION BEFORE FILLING OUT!




                                  Page 3 of 5 pages

<PAGE>   4
CUSIP No. 007903107                      13G                Page 4 OF 5 PAGES


       NAME OF REPORTING PERSON
   1   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       CAPITAL GUARDIAN TRUST COMPANY
       95-2553868

       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   2                                                     (a) [ ]
                                                         (b) [ ]

       SEC USE ONLY
   3

       CITIZENSHIP OR PLACE OF ORGANIZATION
   4
       CALIFORNIA

                                   SOLE VOTING POWER
                              5       
         NUMBER OF                 3,873,000
                                       
          SHARES           --------------------------------------------------
                                   SHARED VOTING POWER
       BENEFICIALLY           6
                                   NONE
         OWNED BY
                           --------------------------------------------------
           EACH                    SOLE DISPOSITIVE POWER
                              7       
         REPORTING                 5,859,520
                                       
          PERSON           --------------------------------------------------
                                   SHARED DISPOSITIVE POWER
           WITH               8
                                   NONE
                           --------------------------------------------------   

       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   9      
       5,859,520  Beneficial ownership disclaimed pursuant to Rule 13d-4
           
       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
  10

       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
  11      
       6.32%
           
       TYPE OF REPORTING PERSON*
  12
       BK


                      *SEE INSTRUCTION BEFORE FILLING OUT!




                                  Page 4 of 5 pages

<PAGE>   5
                                                                        Page 5
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC  20549

                                  Schedule 13G
                   Under the Securities Exchange Act of 1934
   
Fee enclosed [ ]  or Amendment No. 3
    
Item 1(a)  Name of Issuer:
           Advanced Micro Devices Inc.
           ---------------------------
Item 1(b)  Address of Issuer's Principal Executive Offices:
           901 Thompson Place
           ------------------
           Sunnyvale, CA  94088
           --------------------
Item 2(a)  Name of Person(s) Filing:
           The Capital Group, Inc., Capital Research and Management 
           --------------------------------------------------------
           Company and Capital Guardian Trust Company
           ------------------------------------------
Item 2(b)  Address of Principal Business Office:
           333 South Hope Street
           ---------------------
           Los Angeles, CA  90071
           ----------------------
Item 2(c)  Citizenship:   N/A 
                          ---
Item 2(d)  Title of Class of Securities:  Common
                                          ------
Item 2(e)  CUSIP Number:  007903107
                          ---------
Item 3     The person(s) filing is(are):
           (b)      [x]     Bank as defined in Section 3(a)(6) of the Act.
           (e)      [x]     Investment Adviser registered under Section 
                            203 of the Investment Advisers Act of 1940.
           (g)      [x]     Parent Holding Company in accordance with 
                            Section 240.13d-1(b)(1)(ii)(G).
         
Item 4     Ownership
           (a)      Amount Beneficially Owned:
                    See item 9, pg. 2, 3 and 4
                    --------------------------
           (b)      Percent of Class:  See item 11, pg. 2, 3 and 4
                                       ---------------------------
           (c)      Number of shares as to which such person has:
                    i)      sole power to vote or to direct the vote  
                            See item 5, pg. 2, 3 and 4
                            --------------------------
                    ii)     shared power to vote or to direct the vote  
                            None
                            ----
                    iii)    sole power to dispose or to direct the 
                            disposition of See item 7, pg. 2, 3 and 4
                                           --------------------------
                    iv)     shared power to dispose or to direct the
                            disposition of None - beneficial ownership
                                           ---------------------------
                            disclaimed pursuant to Rule 13d-4
                            ---------------------------------
Item 5     Ownership of 5% or Less of a Class:  N/A
                                                ---
Item 6     Ownership of More than 5% on Behalf of Another Person:  N/A
                                                                   ---
Item 7     Identification and Classification of the Subsidiary Which
           ---------------------------------------------------------
           Acquired the Security Being Reported on By the Parent Holding
           -------------------------------------------------------------
           Company
           -------
           (1)      Capital Research and Management Company is an
                    Investment Adviser registered under Section 203 of
                    the Investment Advisers Act of 1940 and is a wholly
                    owned subsidiary of The Capital Group, Inc.
           (2)      Capital Guardian Trust Company is a Bank as defined
                    in Section 3(a)(6) of the Act and a wholly owned
                    subsidiary of The Capital Group, Inc.
           (3)      Capital International Limited (CIL) does not fall
                    within any of the categories described in Rule
                    13d-1-(b)(ii)(A-F) but its holdings of any reported
                    securities come within the five percent limitation as
                    set forth in a December 15, 1986 no-action letter
                    from the Staff of the Securities and Exchange
                    Commission to The Capital Group, Inc.  CIL is a
                    wholly owned subsidiary of The Capital Group, Inc.
           (4)      Capital International Research and Management, Inc.
                    dba Capital International, Inc. is an Investment
                    Adviser registered under Section 203 of the
                    Investment Advisers Act of 1940 and is a wholly owned
                    subsidiary of The Capital Group, Inc.
           (5)      Capital International S.A. (CISA) does not fall
                    within any of the categories described in Rule
                    13d-1-(b)(ii)(A-F) but its holdings of any reported
                    securities come within the five percent limitation as
                    set forth in a December 15, 1986 no-action letter
                    from the Staff of the Securities and Exchange
                    Commission to The Capital Group, Inc.  CISA is a
                    wholly owned subsidiary of The Capital Group, Inc.
         
Item 8     Identification and Classification of Members of the Group:
           N/A
           ---
Item 9     Notice of Dissolution of the Group:  N/A
                                                ---
                                                
Item 10    Certification
           -------------
<R/>
           By signing below, I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such securities
and were not acquired in connection with or as a participant in any transaction
having such purpose or effect.

                 Signature
                 ---------
                 After reasonable inquiry and to the best of my knowledge and 
belief, I certify that the information set forth in this statement is true, 
complete and correct.

    
   
Date:  February 11, 1994
    
Signature:       /s/ Philip de Toledo
                 --------------------------------------------------
Name/Title:      Philip de Toledo, Vice President and Treasurer     
                 --------------------------------------------------
                 The Capital Group, Inc.                                   
                 --------------------------------------------------
   
Date:  February 11, 1994
    
Signature:       /s/ Paul G. Haaga, Jr.
                 --------------------------------------------------
Name/Title:      Paul G. Haaga, Jr., Senior Vice President  
                 --------------------------------------------------
                 Capital Research and Management Company         
                 --------------------------------------------------
   
Date:  February 11, 1994

Signature:       /s/ Eugene P. Stein
                 --------------------------------------------------
Name/Title:      Eugene P. Stein, Executive Vice President  
                 --------------------------------------------------
                 Capital Guardian Trust Company             
                 --------------------------------------------------
    


<PAGE>   6
                                   AGREEMENT



                                   Los Angeles, California
                                      
                                   February 11, 1994
                                       

         Capital Research and Management Company ("CRMC"), Capital Guardian
Trust Company ("CGTC"), and The Capital Group, Inc. ("CG") hereby agree to file
a joint statement on Schedule 13G under the Securities Exchange Act of 1934
(the "Act") in connection with their beneficial ownership of common stock
issued by Advanced Micro Devices Inc.

         CRMC, CGTC and CG state that they are each entitled to individually
use Schedule 13G pursuant to Rule 13d-1(c) of the Act.

         CRMC, CGTC and CG are each responsible for the timely filing of the
statement and any amendments thereto, and for the completeness and accuracy of
the information concerning each of them contained therein but are not
responsible for the completeness or accuracy of the information concerning the
others.
                               
                               
                                CAPITAL RESEARCH AND MANAGEMENT COMPANY
                               
                               
                               
                                BY: /s/ Paul G. Haaga, Jr.    
                                    -----------------------------------------
                                      Paul G. Haaga, Jr.
                                      Senior Vice President
                                     
                               
                                CAPITAL GUARDIAN TRUST COMPANY
                               
                               
                                   
                                BY: /s/ Eugene P. Stein                   
                                    -----------------------------------------
                                      Eugene P. Stein
                                      Executive Vice President
                                        
                               
                                THE CAPITAL GROUP, INC.
                               
                               
                               
                                BY: /s/ Philip de Toledo                  
                                    -----------------------------------------
                                      Philip de Toledo
                                      Vice President and Treasurer
                                    
                               
                               


                                      EXHIBIT A