Financial Daily from THE HINDU group of publications
Wednesday, Feb 22, 2006
Financial Daily from THE HINDU group of publications Wednesday, Feb 22, 2006 |
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Info-Tech
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Hardware AMD expects to double growth in India this year Our Bureau
New Delhi , Feb. 21 ADVANCED Micro Devices Inc (AMD), the world's second-largest microprocessor chip manufacturer, expects to double its growth in the country during the year 2006. Mr Henri Richard, Executive Vice-President of the California-based firm, said that 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," Mr Richard told newspersons here on Tuesday. Company officials said that sales from India currently contributed about five per cent to global revenues. AMD ranks a distant second behind Intel Corporation in the microprocessor chips market, with around 10 per cent of the global market in revenue terms and 15 per cent in unit sales. In November last year, the firm said it could pick up a stake in a proposed $3-billion semiconductor plant to be built by the public-private consortium SemIndia. Mr Richard said 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 said.
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