Feeds

AMD claims chip sales growth to beat industry average

Down but not out in 2001

  • alert
  • submit to reddit

AMD admitted yesterday that it too will be hit by the global downturn in the chip market, but it's not going to be as badly off as its competitors.

Speaking at a Banc of America securities and investment conference in San Francisco, AMD's VP for External Affairs (whatever that is), Ben Anixter, said that while analysts are now expecting the semiconductor business to grow between seven and 15 per cent this year, AMD's own growth rate will fall toward the top of that range.

Essentially, AMD is betting on further increases in sales of its Flash memory product to counter the dip in memory and microprocessor shipments brought about by the slowdown in the PC market.

"There is some inventory to digest, but worldwide PC units will grow in the low to mid-teens in 2001," Anixter said, cited CBS' Marketwatch. At the same time, he said, AMD reckons Flash sales will grow 35-40 per cent during 2001.

Last year, total worldwide sales of Flash memory grew more than 133 per cent, according to the Semiconductor Industry Association. Microprocessor sales grew 17.2 per cent, DRAM chips by 39.5 per cent. The SIA also said yesterday that its previous prediction the worldwide chips sales would grow by 22 per cent this year was now "unlikely" to be met, largely because of the volume of unsold inventory being carried over from 2000.

Anixter claimed AMD's R&D budget would climb 15 per cent to more than $700 million this year. ®

Related Story

SIA admits 2001 chip growth forecast won't be met

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.