Intel Corp Chairman Craig Barrett said on Thursday the microchip maker is regaining market share against AMD and its performance is looking "pretty good."
Barrett also told Reuters in an interview that the world's largest chip company is fairly insulated against the US economic slowdown as most of its business is overseas. "I think we're in a very strong competitive position vis-à-vis AMD," Barrett said.
"We've given guidance on our performance and it looks pretty good," he said, declining to comment further on the company's outlook or on current demand. Intel earlier this month boosted its revenue to between $9.4 billion and $9.8 billion for its current quarter, which is completed around the end of September. That compared to an earlier target range of $9 billion to $9.6 billion, and $8.74 billion in the year-ago period.
Barrett said his company has been regaining market share from Advanced Micro Devices Inc with new products. Intel has also fought market share losses to AMD with price cuts to older products. Intel stumbled in 2005 but it started introducing chips with new designs in the middle of last year that have helped the company regain market share against its smaller rival.
Earlier this month, AMD introduced a line of chips code-named Barcelona that have four cores, the main computing engines in computers, to compete with quad-core processors from Intel.
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