FASL leverages the manufacturing prowess of Fujitsu and the process technology and product designs of AMD to create the industry s number one supplier of flash memory products. Customers want assurances that AMD will have competitive road maps in products, process technology, and production capacity. Our virtual gorilla strategy has enabled us to be very competitive with our much larger competitor. As noted earlier, AMD is a leader in two of the industry s most important semiconductor market segments PC processors and flash memory products. We have invested heavily in capacity to assure that we can produce the units.
Flash memory is the fastest-growing segment of the semiconductor industry.
With demand exceeding supply, this market presents AMD with an opportunity for rapid growth and large profits. I expect that AMD will grow revenues substantially faster than the industry growth rate in 2000. Our mission at AMD is to enhance the competitiveness of our customers by offering products and services that reduce the cost, improve the performance, and shorten the time to market for their products. In our industry, that comes down to incorporating better ideas into silicon and delivering them to customers at competitive prices. We believe we offer a competitive advantage to our customers with both our AMD Athlon and Duron families of PC processors and our large portfolio of flash memory products.