Google has launched a new version of Chrome web browser, which according to the search engine is 25% faster in rendering JavaScript than the previous stable release and 150% faster compared to the original chrome.

The new release, which comes after 51 developer, 21 beta and 15 updates and 3,505 bugfixes, is expected to increase the market share of Google in the browser market, which is currently dominated by Microsoft’s IE.

Linus Upson, Chrome engineering director, told Reuters: If at the two-year birthday we’re not at least 5% (market share), I will be exceptionally disappointed. And if at the three year birthday we’re not at 10%, I will be exceptionally disappointed.

According to Google, the Chrome 3.0 comes with a new redesigned Tab page which is easily customisable and allows users to rearrange thumbnails of the most-visited websites. It also comes with an enhanced support for HTML5.

In addition, the search and web address bar Omnibox, is also optimised with a new drop-down menu and has also added little icons to help users distinguish between suggested sites, searches, bookmarks, and sites from browsing history.