He received a bachelor's degree in computer engineering from the University of Illinois at Urbana-Champaign and a master's degree in business administration from Boston University Graduate School of Management.
Dirk Meyer was formerly president and chief executive officer of AMD. At one time, he was the chief operating officer. In this role, he shared leadership and management of AMD with former Chief Executive Officer and Chairman of AMD Hector Ruiz. Prior to this role, Meyer served as president and chief operating officer of AMD’s Microprocessor Solutions Sector where he had overall responsibility for AMD’s microprocessor business, including product development, manufacturing, operations and product marketing.
On July 18, 2008, Dirk Meyer replaced Hector Ruiz as the CEO of AMD. Meyer focused the company onto the PC and data center server market. AMD announced 2010 that more than ever notebooks are hitting the market in 2010. Meyer justifies the focus by stating that an increasing mobile and consumer electronics market does not shrink the traditional market. He wanted to address this markets later, when AMD is prepared to dedicate sufficient resources to address them well. This strategy lead to Bulldozer-architecture for the traditional PC-market, and Bobcat addressing the netbook and tablet market nearly exclusively dominated by Intel, both hitting the market in 2011 and 2012.
In the beginning of 2011, Meyer was removed as CEO after discussions with the AMD Board. His departure is widely believed to have been due to conflicting views about the future strategic direction for the company. Meyer was replaced by Rory Read later in the year. 
On October 10, 2012, Meyer joined the Board of Directors for startup company Ocoos. 
- Dirk Meyer to leave AMD.
- Derrick Meyer, Forbes.
- "Executive Profile Derrick R. Meyer". Bloomberg Business. March 26, 2015.
- Executives<, Advanced Micro Devices.
- AMD: Ready to play ball, CNN Money, 2010-08-30.
- AMD's CEO Steps Down
- Dylan McGrath, EE Times. "Former IBM, Lenovo exec takes the helm at AMD." August 25, 2011. Retrieved August 25, 2011.
- Ocoos Attracts Former CEO of Advanced Micro Devices to Board
- AMD, Dirk Meyer, and the eternal corporate battle, January 3, 2008