AMD sees Indian growth doubling
China represented a bigger market for the company, but it sees highest growth coming in India for both its value and premium chips.india Updated: Feb 21, 2006 13:46 IST
Advanced Micro Devices Inc, the world's second-largest chip maker, said on Monday it expects India to be its fastest-growing Asian market, and aims to double its growth there during 2006.
Henri Richard, executive vice president of the California-based firm, said China represented a bigger market for the company, but he saw its highest growth coming in 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," Richard told reporters.
Company officials said sales from India currently contributed about five percent to global revenues.
AMD ranks a distant second behind Intel Corp in the market for microprocessor chips, with roughly 10 per cent of the global market in revenue terms and 15 per cent in unit sales. Intel has about 80 per cent of the market.
AMD has chip assembly and testing operations in Malaysia, Singapore and China, but its two manufacturing plants are located in Dresden, Germany.
In November, the firm said it may pick up a stake in a proposed $3 billion semiconductor plant to be built by public-private consortium SemIndia.
Richard said commercial sales were outpacing home computers, and the company expected 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."