AMD to double growth in India this year

By agencies   |   Wednesday, 22 February 2006, 08:00 Hrs
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NEW DELHI: Advanced Micro Devices Inc (AMD), the world's second-largest microprocessor chip manufacturer, is planning to double its growth in India during the year 2006. Announcing this, the California-based firm’s Executive Vice-President, Henri Richard said, “While China represents a bigger market for the company, he sees the highest growth coming from India for both its value and premium chips. At this point, we have no plans for direct investment in manufacturing in India. Our main objective is to grow at twice the industry rate in India.” At present the company’s sales from India stands at about five percent to global revenues. AMD ranks a distant second behind Intel Corporation in the microprocessor chips market, with around 10 percent of the global market in revenue terms and 15 percent in unit sales. Richard said that commercial sales are outpacing home computers, and the company expects to ship over 55 million chips globally in 2006 to Fortune 500 firms amongst others. “We have had very good success in mature markets, which are seasonal in nature, and a high degree of growth in emerging economies, which are high in growth. We are no longer a personal computing company,” he added.