AMD targets one third share in chip sales by 2008

Advanced Micro Devices unveiled a new chip for laptop computers and targets one third of the market for computer micro-processors by 2008, challenging Intel's dominance.

AMD gained a huge boost in its share of the overall chip market to 21.4 percent versus Intel's 76.9 percent as of the end of 2005, according to Mercury Research. AMD's share is up from 16.6 percent in the fourth quarter of 2004, at the expense of Intel.

Worldwide sales of semiconductors totalled $59.1 billion in the first quarter of 2006, 7.3 percent higher than first quarter of 2005, according to the Semiconductor Industry Association (SIA).

AMD commits to spend an additional $2.5 billion over three years to upgrade and expand its two factories in Germany. Meanwhile Intel has announced broad restructuring and intends to cut $1 billion in spending in 2006. The one year stock chart sums up the challenges AMD forced on Intel

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