Semiconductor firm Advanced Micro Devices (NYSE:AMD) is projected to see record growth to become one of the top 10 chip firms worldwide in terms of revenue, according to a report released Monday.
AMD's semiconductor revenue is projected to swell by 90.7 percent, market research firm iSuppli said. It will generate $7.5 billion for the year, up $3.6 billion from $3.9 billion in 2005. The performance would move the firm up eight positions to number seven among the world's top-25 semiconductor suppliers.
The research firm attributes AMD's rapid rise in revenue this year to strong growth in its microprocessor sales, combined with its acquisition of graphics chip maker ATI Technologies in October.
The Sunnyvale Calif.-based company, known for its Athlon line processors, is expected to achieve approximately 37.5 percent growth in its microprocessor revenue in 2006. The introduction of the highly popular dual-core Athlon's this year plays a significant role, iSuppli said
Rival Intel Corp led all chip suppliers with projected 2006 semiconductor revenue of $31 billion. Samsung Electronics and Texas Instruments followed at $19 billion and $12 billion respectively.
Shares of AMD rose slightly in morning trading on the New York Stock Exchange, increasing 0.29 percent, or $0.06 to $20.75.