Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 21 July 2010 13:32

Penn predicts book in chip market

Written by Nick Farell


Increases expectations
Malcolm Penn, founder and principal analyst with Future Horizons is feeling more optimistic about the future of the global chip industry in 2010.

He previously thought it would grow 31 per cent. Now he thinks it will grow by 36 per cent. Next year will not be so good. Penn dropped his prediction for 2011 to 14 percent from 28 percent. Penn said the change was the result of recalibrating the speed of the recovery from the chip market pause caused by the financial crisis of 2008.

The recovery in electronic and semiconductor sales had been steeper than expected. The fact that 2010 is higher automatically makes the percentage increase in 2011 lower, he said. Speaking at a mid-year semiconductor market forecast organised by his company Future Horizons Penn said that it was a three-quarter pause, not a boom-bust recession.

He criticised the majority of chip company CEOs for misreading the situation as a classical chip industry bust and allowing that prognosis to inform their risk aversion. "The industry did an appallingly lousy job of managing the experience; too quick to cut back and too slow to resume spending," said Penn.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments