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 percent of the global market in revenue terms and 15 percent in unit sales. Intel has about 80 percent 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.
